Markets & Trading
Meta Developing Prediction Market App Called "Arena" To Compete With Polymarket, Kalshi
Unlike traditional prediction market platforms such as Polymarket or Kalshi, users would likely rely on a video game-like points system instead of cash, although the company has not ruled out the eventual use of real-money betting...
Oracle Cuts 21,000 Jobs As AI Adoption Deepens And Credit Risk Flashes GFC-Era Highs
"Our periodic workforce restructurings and reorganizations can be disruptive."
Chevron Lands 20-Year Deal To Power Microsoft's AI Expansion
The project, known as Project Kilby, is expected to begin generating power in 2028 and eventually reach 2.67 gigawatts—enough electricity for more than 530,000 Texas homes...
Hyundai takes full control of Boston Dynamics as SoftBank exits for $325 million
Hyundai Motor Group is acquiring SoftBank's remaining 9.65% stake in Boston Dynamics for $325 million, completing its full ownership of the robotics company. The deal closes as Boston Dynamics' Atlas humanoid robot enters commercial deployment and the broader humanoid race intensifies against Tesla Optimus and Figure AI. SoftBank exits to redeploy capital toward its $41 billion OpenAI bet and AI infrastructure.
Futures Rebound, Oil Slides, After Israel And Hezbollah Agree To Ceasefire
"We have entered a ceasefire. We will continue to act against threats and will remain in the Strip. If Hezbollah harms our soldiers or civilians, we will respond forcefully".
Amazon In Talks To Sell Its Trainium AI Chips To Other Firms, In Challenge To Nvidia Dominance
Amazon is in talks to sell its custom-made Trainium AI chips for use in other companies’ data centers, in a "key expansion of its efforts to cut into Nvidia's dominance"
Speculation About A SpaceX–Tesla Merger Is Already Growing
“Basically [Musk's] gotten to the point where he can do almost anything he wishes...”
Sign(s) Here, Here, And Here
From Iran’s perspective, there is a case to see the deal collapse within months. Indeed, if Tehran cannot get the benefits promised by the US because it won’t take the steps required of it, then it arguably has little incentive to keep Hormuz open.
SpaceX Erupts In After Hours Trading, Hits $3 Trillion Market Cap, Surpassing Microsoft
SPCX has added $650 billion in market cap today...
Apollo Picks Austin Over New York As Wall Street's Migration South Continues
Great work by Mayor Mamdani...
So, What Do We Know?
Firstly, the agreement is not really a ‘deal’ at all, or even a deal to have a deal, but rather a memorandum of understanding staking out a framework to discuss a deal over the next 60 days.
Nvidia To Raise $20BN In Debt From First Bond Sale Since 2021, As AI Debt Frenzy Goes Parabolic
Nvidia became the latest company seeking to raise at least $20 billion from its first corporate bond sale since 2021.
Charles Schwab temporarily stops serving its trading customers because of the Space X IPO
A surge of investor activity surrounding the highly anticipated SpaceX initial public offering (IPO) caused Charles Schwab to temporarily suspend access to portions of its trading platform on Tuesday morning.
Musk Becomes Earth's First Trillionaire As Blockbuster SpaceX IPO Opens At $150
"SpaceX turned a competitive moat into an ocean of opportunity that we don't see others crossing. "
Futures Rally Amid Fresh Iran Peace Hopes, All Eyes On SpaceX
“Markets would believe the deal is reached when we have the actual agreement signed and the Strait of Hormuz can be opened. For now, markets are in relief mode that further escalation can be avoided.”
DOJ Probes Big Banks For Alleged "Debanking" Of Clients
The U.S. Attorney’s Office for the District of Columbia, led by Jeanine Pirro, has reportedly issued subpoenas to several major banks...