Goldman Sachs shifts AI investment focus from chipmakers to hyperscalers like Amazon, Microsoft, and Alphabet based on valuation metrics and ROI potential.
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Polymarket negotiates with CFTC to restore full US platform access after 2022 ban. Current beta limited to sports as rival Kalshi hits $22B valuation.
Brazil commemorates 80 years since its 1946 casino ban that displaced 40,000 workers. New legislation could unlock 700,000 jobs and billions in revenue.
Rivian (RIVN) stock dropped 4% after Q1 earnings despite beating estimates. R2 production starts, Georgia plant capacity expands, but profitability elusive.
Reddit (RDDT) stock jumps 16% after crushing Q1 estimates with $663M revenue (up 69% YoY), $1.01 EPS, and strong Q2 guidance topping forecasts.
CFTC collected 1,300+ comments on prediction markets. Gaming groups say they’re gambling; academics and users argue they provide forecasting value.
UK gambling faces dramatic tax changes: remote gaming duty rises to 40% in 2026, betting duty hits 25% in 2027. Full breakdown of what operators face.
Georgia’s gambling trade group estimates illegal operators earn $742M yearly, criticizing proposed fine increases that target licensed firms over unregulated platforms
ARK Invest purchased $39.7M in Robinhood (HOOD) after Q1 earnings miss. Analysts divided as stock drops 12% on weak crypto volumes. What’s next for HOOD?
Western Digital (WDC) stock jumped 5.27% after posting Q3 revenue of $3.34B and EPS of $2.72, both surpassing forecasts. TD Cowen raised target to $500.
SanDisk (SNDK) shares declined 5% despite crushing Q3 earnings with $5.95B revenue, $23.41 EPS, and bullish Q4 guidance exceeding analyst expectations.
Kentucky’s HB 904 permits fixed-odds horse racing betting at state tracks starting 2026, but Churchill Downs won’t participate. What it means for bettors.
Apple (AAPL) stock jumped 3% after reporting $111B in Q2 revenue and issuing June quarter guidance far above Wall Street’s expectations.
Tesla’s amended 10-K reveals $573M in 2024 revenue from SpaceX and xAI, including a previously undisclosed $143M SpaceX transaction.
GoDaddy (GDDY) stock jumped 4% after beating Q1 earnings with $1.60 EPS. Airo AI platform hits multi-million dollar run rate. Full analysis inside.