World Cup trading and the end of its U.S. waitlist are driving rapid growth for Polymarket’s prediction market platform.
Stocks making the biggest moves premarket: Sandisk, On Semiconductor, Rocket Lab & more
These are the stocks posting the largest moves premarket.
Shipping rebounds in Strait of Hormuz one week after U.S.-Iran deal – but fragile confidence threatens recovery
Shipping traffic through the strategically vital Strait of Hormuz is recovering one week after the U.S. and Iran signed an interim peace deal.
UN agency pauses Hormuz ship evacuation plan after first vessel attack under peace deal
The pause follows a container ship being struck near the coast of Oman on Thursday, with a U.S. official saying that Iran was responsible for the attack.
Chicago Fed President Goolsbee says inflation is too high; Williams sees price pressures easing
In a live CNBC interview from his home district, Goolsbee declined to speculate on where he thinks interest rates are headed.
Bond ETF flows surge in hunt for yield: ‘Market sniffing out something here,’ says BlackRock exec
Bond investors are abandoning aggregate benchmarks in favor of a broad mix of fixed-income investments to maximize yield with the stock market on edge.
Stocks making the biggest moves midday: BlackBerry, Kymera Therapeutics, Apple, Wendy’s & more
These are the stocks posting the largest moves midday.
Luxury spending now driven by experiences and ‘inheritourism’
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
JPMorgan names Doug Petno and Troy Rohrbaugh co-presidents as longtime exec Marianne Lake exits
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Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.