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Prediction markets will grow to $1 trillion by 2030, Bernstein estimates
The investment bank said volumes will reach an estimated $240 billion in 2026 and grow at a 80% compound annual rate between 2025 and 2030.Read More...
Jamie Dimon says Anthropic’s Mythos reveals ‘a lot more vulnerabilities’ for cyberattacks
The remarks show how a technology welcomed by corporations as a productivity boon can also pose serious threats, like uncovering new ways to hack into systems.Read More...
David Einhorn signals caution as his hedge fund Greenlight prioritizes capital protection
"It probably won't surprise anyone that we are again putting capital preservation at the top of our priorities," Einhorn said in his latest investor letter.Read More...
Global recession is inevitable if Strait of Hormuz stays shut, says Citadel’s Ken Griffin
A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said.Read More...
Treasury Secretary Bessent now says it’s OK for the Fed to wait to lower rates amid oil surge
Bessent has previously said the Fed should hasten cutting interest rates, calling reductions "the only ingredient missing" for stronger economic growth.Read More...
Citigroup beats estimates, boosted by gains in fixed income
Citigroup reported its best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share. Read More...
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