The Commodity Futures Trading Commission (CFTC) is stepping in to stop what it calls an “onslaught” of state-level regulation of prediction markets. CFTC Chairman Michael Selig said Tuesday in a …
Business
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For decades, Jeffrey Epstein’s Manhattan townhouse functioned as an unofficial annex to some of the world’s most powerful boardrooms. Association with the financier was once treated as a marker of …
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Business
Justice Department’s antitrust chief says she’s leaving, effective immediately
by adminby adminThe head of the Justice Department’s antitrust unit said Thursday she is leaving the role, effective immediately, at a critical moment for corporate mergers in America. Gail Slater, the assistant …
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Cooling inflation and steady hiring ignite fresh hopes of a US soft landing in 2026
by adminby adminJanuary delivered the kind of mix investors and policymakers have been looking for: inflation cooled even as the labor market kept adding jobs. The US consumer price index rose 0.2% …
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US consumer price inflation eased more than expected in January, offering markets some relief, but signs of firm underlying price pressures, along with a strong jobs report has reinforced the …
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Business
Cardi B’s cameo in Bad Bunny’s Super Bowl halftime show leads to dispute on prediction markets
by adminby adminCHICAGO — Cardi B was part of Bad Bunny’s Super Bowl halftime show. What she did exactly, well, that turned into a perplexing question for two major prediction markets. At …
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The number of Americans filing new claims for unemployment benefits declined less than expected last week, suggesting the US labor market remains resilient despite signs of cooling hiring momentum and …
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The South Korean market index, the Kospi, has more than doubled over the past year. A market long associated with low valuations and conglomerate discounts has turned into one of …
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Business
Retail operator of outdoor sportswear pioneer Eddie Bauer files for bankruptcy
by adminby adminThe operator of roughly 180 Eddie Bauer stores across the U.S. and Canada has filed for Chapter 11 bankruptcy protection, blaming declining sales and a litany of other industry headwinds. …
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Business
China central bank conducts 1.7 trln yuan of outright reverse repos in Jan
by adminby adminSHANGHAI (Reuters) – China’s central bank said on Monday it conducted 1.7 trillion yuan of outright reverse repurchase agreements in January. The People’s Bank of China (PBOC) said the repo …