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Polymarket and similar prediction markets brought gambling to non-sports spaces. The “degen” culture of decentralized finance has made some of the bets look really ridiculous. What are the five most absurd bets on Polymarket in 2025? Summary On Polymarket, people bet on everything: from election winners to the weather in London on a particular date. … Read more
Many Americans have big feelings about “big government.” For some, it’s become shorthand for inefficiency, waste, and overreach. Critics say government spending and bureaucratic bloat are obstacles to economic growth and people’s individual success. But according to Scott Galloway, a serial entrepreneur and professor of marketing at New York University, that doesn’t paint the complete … Read more
Palantir CEO Alex Karp ranted against short sellers, calling out specifically Michael Burry after a filing revealed the investor of “The Big Short” fame had bets against the artificial intelligence software company, as well as Nvidia, at the end of the last quarter. “The two companies he’s shorting are the ones making all the money, … Read more
Citi and Coinbase have partnered to make it easier for financial institutions to use digital assets for payments. The initial focus will be to simplify how money moves between traditional fiat currency and crypto. In time, through their partnership, the companies plan to introduce new tools that can instantly settle payments 24/7. There are many … Read more
Google said today that it will invest in a natural gas power plant in Illinois that intends to capture the majority of its carbon emissions. The 400-megawatt power plant will be built outside of Decatur next to an ethanol plant run by Archer-Daniels-Midland (ADM), which already captures CO2 from its operations. Google will buy most … Read more
Intel Corporation (NASDAQ: INTC) has reported muted results for the first half, as the chipmaker continues to navigate a challenging market environment. Despite the company actively executing its turnaround strategy, intense competition and capital constraints continue to cloud its near-term outlook. Margins remain under pressure due to operating losses linked to Intel’s nascent foundry operations. … Read more
A crypto whale who was in the news last week for netting $192 million in profits with an impossibly well timed short has retuned with another short position on Bitcoin BTC $114,593.95 2.94% . According to blockchain data, the trader behind the wallet address 0xb317 placed a $163 million short on Hyperliquid, late on Sunday. … Read more
Good morning. PepsiCo is overhauling its beverage portfolio—refueling interest in drinks like Gatorade—and named a new finance chief. On Thursday, the beverage giant (No. 45 on the Fortune 500) announced that Steve Schmitt will join as EVP and CFO effective Nov. 10. Schmitt, a Walmart veteran, currently serves as EVP and CFO for Walmart U.S., overseeing the finance function for its multibillion-dollar omnichannel organization. Schmitt joins at a trying time with activist … Read more
Wall Street’s biggest exchange owner is betting $2Bn that prediction markets are going mainstream. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, announced on Tuesday that it will invest up to $2Bn in crypto prediction platform Polymarket. The deal makes ICE a global distributor of Polymarket’s event-driven data and opens the … Read more
Walmart’s fintech arm, OnePay, is reportedly planning to add Bitcoin and Ether trading to its app later this year, sharpening its bid to win ground in the crowded digital wallet and consumer banking space. Summary Walmart’s fintech arm OnePay will integrate Bitcoin and Ether trading this year. The move strengthens its “super app” strategy and … Read more
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