Can Prediction Market Boom Continue After Election? This Crypto Team Has a Plan
Hedgehog Markets, which runs on the Solana blockchain, wants to do for prediction markets what Pump.fun did for meme coins: Let anyone roll their own.
Rigs Drilling 57 Miles a Year Spur Record US Oil Output Forecast
(Bloomberg) -- Oil rigs in the Permian and Bakken basins of the US are producing at the most efficient rates in about 13 years, leading Macquarie Group analysts to predict the country’s crude production will top most consensus views.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowDense Cities With Low Emissions Suffer Most From Air Pollution
Indian Court Orders Scam Websites Using Crypto Exchange Mudrex's Name to Be Taken Down
The court ordered India's Ministry of Communication to move against as many as 38 websites.
Recession forecasts have been wrong for years. Here's why a 'perfect indicator' doesn't exist.
Recession indicators are flashing red, but economists argue they could be false signals this economic cycle, revealing a broader truth about the recession predicting business itself.
Polymarket Bettors Miss Out on $270K Due to Pavel Durov's Early Release
Bettors were fairly sure the Telegram CEO would be released in September. His release on Wednesday tossed the market on its head.
Inflation down in six German states, pointing to national decline
BERLIN (Reuters) -Inflation fell in six important German states in August due to lower energy prices, preliminary data showed on Thursday, suggesting Germany's national inflation rate could decline noticeably this month. In Saxony, the inflation rate fell in August to 2.6% from 3.1% in the previous month, in Brandenburg it fell to 1.7% from 2.6%, in Baden-Wuerttemberg it fell to 1.5% from 2.1%, in Hesse it fell to 1.5% from 1.8% and in Bavaria it fell to 2.1% in August from 2.5% in July. The inflation rate in North Rhine-Westphalia, Germany's most populous state, fell to 1.7% in August from 2.3% in July.
Nvidia's forecast dampens AI enthusiasm in other tech stocks
(Reuters) -Nvidia dragged technology heavyweights lower after the chip maker's earnings disappointed investors who had been hoping they would fuel fresh gains in Wall Street's most valuable companies, and sent stocks in Asia down on Thursday. Nasdaq futures initially dropped about 1% following Nvidia's quarterly earnings report late Wednesday, suggesting traders expected tech stocks to lose ground. Nvidia dropped almost 7% and lost $200 billion in stock market value after it forecast third-quarter gross margins that could miss market estimates and revenue that was largely in line.
Japan stocks lower at close of trade; Nikkei 225 down 0.05%
Investing.com – Japan stocks were lower after the close on Thursday, as losses in the Paper&Pulp, Mining and Chemical, Petroleum&Plastic sectors led shares lower.
Australia stocks lower at close of trade; S&P/ASX 200 down 0.33%
Investing.com – Australia stocks were lower after the close on Thursday, as losses in the Energy, Consumer Discretionary and Consumer Staples sectors led shares lower.
Stocks Retreat as Nvidia Outlook Saps AI Trade
(Bloomberg) -- European stocks edged higher and US equity futures erased declines as investors assessed Nvidia Corp.’s results, ahead of key economic data still due this week.Most Read from BloombergTurkey Plans Istanbul Taxi Surge to Tackle ComplaintsIntergenerational Housing Could Help Older Adults Combat LonelinessAs Rural Hospitals Shutter Maternity Wards, Urban Ones FollowA Loud Warning From the Past About Living With CarsChicago Overcomes DNC Skeptics With Calm, Parties and SunThe Stoxx Eu