Hershey Bull Sees World Cup, America 250 Lifting Chocolate Sales
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Less props for prediction markets under proposal
Prediction markets such as Kalshi and Polymarket could soon be barred from offering certain types of sports-related event contracts, including those involving officiating outcomes or player injuries. The Commodity Futures Trading Commission, the federal agency that regulates prediction markets, on Wednesday released a 267-page proposal that would rework and more carefully define some of the rules governing prediction markets and the types of event contracts they can offer. The proposed...
As gold's tumble continues, traders bet the pain may last for two more years
Turns out all that glitters is not gold. Selling in the precious metal just keeps getting worse, with the GLD ETF now down 25% from its intraday record in February. Options trading in the fund has turned bearish in a hurry and is now pointing toward further downside.
SpaceX Leaves Some Banks Peeved at Junior Roles in IPO Lineup
People walk outside a SpaceX facility in Hawthorne, California. Photographer: Mario Tama/Getty Images
Mike Ashley’s Frasers makes €1.98bn takeover offer for Hugo Boss
Fashion and sportswear group, which owns 26% of the German luxury brand, is now seeking full controlMike Ashley’s retail group, Frasers, has launched a near €2bn takeover offer for the German luxury fashion brand Hugo Boss. The fashion and sportswear group, which owns 26% of Hugo Boss, said it is offering to pay about €1.98bn (£1.73bn) for the remainder of the business to take full control.