Kalshi raises $1B at $40B valuation as non-sports revenue run rate tops $1B
The funding round comes as Kalshi expands its partnerships with the NBA and S&P Dow Jones Indices while facing legal challenges over its sports contracts.
Varyante
Bitcoin price jumps to $81.5K as US GDP data beats expectations
BTC price action returned to a key weekly resistance level as US stock markets digested Alphabet’s Q3 earnings miss.
Caterpillar’s stock is sinking. Here’s what that means for the Dow.
Caterpillar’s data-center business is fine, but other areas disappointed. The stock was heading for its biggest loss in years.
Consumer spending flattens out after U.S. inflation surge
Consumer spending rose sharply in September, but it largely reflected households spending more on gas and transportation after an increase in energy costs.
French Senate adopts bill for automatic sharing of crypto tax data
The French Senate adopted a bill authorizing the automatic exchange of crypto-asset tax information between international tax authorities, pending completion of the legislative process.
Inflation surges, PCE shows. Fed pause on rate hikes unlikely to last with prices still rising.
Even though the Federal Reserve temporarily put its inflation fight on hold this week, the cost of living rose sharply again last month in a sign the central bank’s work is far from done.
The midterms are crucial to the future of Social Security – no matter how old you are
The program is expected to run out of money in the next six years, which is the same amount of time as a senator’s term.
3 reasons home prices keep going up, even though fewer people are buying
Weaker demand typically drives prices down, but national readings of home prices indicate that they’re still growing. What explains the disconnect?
Gen Z midterm voters told us they’re focused on their financial future, as social causes take a back seat
MarketWatch talked to younger voters who said many life goals feel unattainable for their generation.
Bank of England opens consultation on tokenized collateral for clearing
Central counterparties would need to show tokenized collateral meets liquidity and risk tests under proposed Bank of England guidance.
ServiceNow’s stock is on track for its worst day ever. Here’s what went wrong.
Shares in the software company were down 24% on Thursday morning as investors digested its third-quarter earnings.
Canton Foundation grants RedStone 15.8M Canton Coin for pricing standard
RedStone’s planned pricing tool will let institutions on Canton use shared market prices without exposing deal terms to data providers.
Economy grows at fastest pace in a year, GDP shows — and shows little sign of slowing
The U.S. economy ripped off its fastest rate of growth in a year, amped up by the boom in artificial intelligence and strong spending by wealthier Americans.
Lilly raised sales guidance for third time this year as Zepbound sales soar. Its stock is rallying.
The drugmaker continues to dominate the market for prescription weight-loss drugs in the U.S.
Private, fast USDT is coming to Bitcoin. Can it compete with Ethereum and Tron?
USDT is coming home to Bitcoin, offering privacy and Lightning-fast payments. But can Bitcoin’s revamped version of Tether compete with stablecoins on ETH and TRON?
Brazil’s Halloween eve crypto deadline brings more tricks than treats
Brazil’s crypto exchanges face an application deadline on Friday, with costly requirements and unanswered regulatory questions complicating compliance.
Polygon expands Open Money Stack to Solana, after Tron rollout
The move follows the addition of Tron support and Polygon’s acquisition of Coinme.
Chainalysis traces North Korean crypto cash-outs through Garantex
The analysis followed US sanctions against 10 people and one entity accused of helping North Korean IT worker schemes fund weapons programs.
‘Fancy cars hold no appeal’: My wife and I have a 99% chance of outliving our savings. Why don’t we spend it all?
“I’m 68, she’s 74, and we’re both in good health. We married later in life and have no children or close family remaining.”
NBA star LaMelo Ball is selling his $2.6 million luxury condo in Charlotte after leaving the Hornets
NBA point guard LaMelo Ball is making another major move: selling his $2.6 million home in one of Uptown Charlotte’s most exclusive residential buildings.