Prediction markets like Kalshi and Polymarket are rapidly stealing market share from DraftKings and FanDuel, capturing $630 million in Super Bowl bets and driving gambling stocks to multi-year lows as Wall Street reckons with a structural shift in sports wagering.
Robinhood missed Q4 revenue expectations by $70 million as crypto trading volumes cratered 52%. The stock dropped 8% after hours. Wall Street’s response? Keep buying.
Amazon’s $8 billion investment in Anthropic has evolved from a perceived desperation play into a strategic jackpot, with AWS posting its fastest growth in 13 quarters and Anthropic closing a $20 billion funding round at a $350 billion valuation.
Oracle jumped roughly 9% on Monday after D.A. Davidson upgraded the stock to Buy, giving battered Big Tech investors something they haven’t had in over a week: a reason to click the buy button. Microsoft added about 3%, Nvidia gained more than 2%, and Meta
Novo Nordisk just made it very clear: the era of cheap semaglutide knockoffs is over, and it’s willing to sue its way to that outcome. The Danish pharmaceutical giant filed a lawsuit Monday against telehealth darling Hims & Hers Health, alleging the company infringed on
General Motors, Toyota, and Volkswagen. That’s it. That’s the complete list of automakers willing to write checks up to $10 million for 30 seconds of Super Bowl airtime in 2026. Compare that to the heyday of automotive advertising during the Big Game, when five or
Rivian has a simple pitch for 2026: buy the cheaper truck, save the company. The R2, a compact five-seat SUV starting at $45,000, is scheduled to reach reservation holders by June. It is, without exaggeration, the single most consequential vehicle launch in the EV industry
Discord filed for IPO targeting March debut after rejecting Microsoft’s $12B offer in 2021. Now secondary markets value it at $6.8B-$10B. The platform’s 200M users and $725M revenue face Wall Street’s profitability demands.
Over $1 trillion wiped from Big Tech stocks as Anthropic’s new AI tools spark fears about the future of enterprise software and the sustainability of massive AI infrastructure spending.
The “digital gold” narrative just ran headfirst into reality. Bitcoin plunged below $67,000 to $60,000 before recovering to 66k on Thursday, touching its lowest level since October 2024, as a brutal week of selling erased nearly half of the gains from Donald Trump’s election victory
Elon Musk combines SpaceX and xAI in a $1.25 trillion deal that dwarfs every merger in corporate history, setting up what could be the largest American IPO ever.
The headline sounds like a punchline: top engineers at Anthropic and OpenAI say AI now writes 100% of their code. But they are not joking, and they are not alone. Boris Cherny, who runs Anthropic’s Claude Code product, says he has not written code by
President Donald Trump just nominated Kevin Warsh to lead the Federal Reserve, replacing Jerome Powell when his term expires in May. The announcement caps a year-long pressure campaign against Powell that included personal insults, threats of termination, and just three weeks ago, DOJ subpoenas threatening
Mark Zuckerberg just made one of the most strategically interesting acquisitions in Meta’s history, and it flew under the radar during the holiday news vacuum. The company acquired Manus, a Singapore-based AI agent startup with distinctly Chinese roots, for over $2 billion. The deal closed
Jensen Huang isn’t just selling picks and shovels to AI gold miners anymore. He’s buying the mines. Nvidia now holds a 7% stake in CoreWeave through 24.3 million shares worth approximately $3 billion, making the specialized AI cloud provider the dominant position in Nvidia’s investment
Two billion people. $27 trillion in combined market value. Twenty years of failed negotiations suddenly compressed into a handshake that should make Washington very nervous. India and the European Union announced the largest free trade agreement in either bloc’s history on Tuesday, a sweeping deal
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Bitcoin plunged below $88,000 on Sunday as leveraged long positions got liquidated into the weekend, with traders bracing for what could be a volatile week ahead. The world’s largest cryptocurrency fell to approximately $87,900, wiping out tens of millions in leveraged positions as geopolitical risk
Wall Street just lived through the most exhausting 48 hours since Liberation Day. President Trump’s Greenland tariff threats sent the S&P 500 plunging 2.1% on Tuesday, its worst day since October, only for markets to roar back Wednesday after Trump announced the “concept of a
Prime Minister Mark Carney just executed one of the boldest foreign policy pivots in Canadian history. The former central banker traveled to Beijing last week and returned with a trade agreement that effectively tears up Canada’s alignment with Washington on Chinese electric vehicles while unlocking