Native American Tribe Teams Up With Kalshi on New Prediction Market
The Tunica-Biloxi of Louisiana plan to release a platform that uses infrastructure by Kalshi, the industry leader. Other tribes have taken aim at the company.
International
Business and economy news from other publishers, in Malaysia, the region and the world.
Trump Promotes Program to Reduce Medicaid Drug Prices
Ahead of the midterm elections, the president said that all states had opted in to an effort to align Medicaid’s prices for medicines with those in other wealthy countries.
Billionaire Man United owner says he has lost confidence in the UK
Ineos founder Sir Jim Ratcliffe tells the BBC he thinks the country is "on the slide" and calls for more investment in the North Sea.
Who Is Howard Buffett, the New Berkshire Hathaway Chairman?
Mr. Buffett, 71, is succeeding his father, Warren, but will not be running the company’s day-to-day operations.
US stocks inch higher, but undermined by rising yields
US markets ended on Friday with mixed results, as elevated bond yields and high oil prices weighed on the market. The S&P 500 inched 0.2 percent higher after drifting between modest gains and losses for much of the day. The benchmark index also posted its second straight weekly loss. The Dow Jones Industrial Average slipped 0.2 percent, and the Nasdaq composite added 0.4 percent. All told, the S&P 500 rose 12.74 points to 7,650.50. The Dow dropped 95.40 points to 51,682.64, and the Nasdaq added 104.25 points to 26,552.55. The yield on the 10-year Treasury climbed to 5 percent from 4.94 percent late on Thursday after it topped the 5 percent level early this week for the first time since 2023. Yields have been climbing steadily since the pandemic knocked them nearly to zero in 2020. The price for a barrel of Brent crude, the international standard, rose nearly US$110 early this week, up from a little over US$70 in July. It briefly dropped below US$102 in overnight trading before settling at US$103.87. (AP) Edited by Robert Kemp
Three words from Kevin Warsh have Wall Street wondering how far the Fed will go with rate hikes
The chairman both explained this week's decision to raise interest rates, and raised vexing questions about what comes next
Why Is It So Difficult to Regulate A.I.?
There has been considerable debate over regulating the artificial intelligence industry, but much of that effort has stalled. Cecilia Kang, a technology reporter for The New York Times, explains why.
S.E.C. Seeks to End Shareholder Proposals Process Commonly Used by Activists
Activists have often used the rule to push for changes in companies’ governance and environmental and social policies.
'We simply don't know' - JP Morgan struggling to forecast oil prices due to Trump's war with Iran
The bank said it "assumed" there would be economic red lines, like oil at $100 a barrel, that the US would be unwilling the cross.
Warren Buffett steps down after six decades at Berkshire - 'Father Time always wins'
Since taking control in 1965, Buffett grew a struggling textile mill into a global conglomerate.
