Bill Ackman’s Pershing Square closes record $5B closed-end fund IPO. PSUS and PS launch NYSE trading with strong institutional backing.
Browsing: News
Oil prices surge past $114 as UAE exits OPEC and Trump plans extended Iran blockade. Strait of Hormuz remains closed, threatening global supply.
Robinhood (HOOD) shares dropped 9% after missing Q1 expectations with declining crypto revenue and rising expenses despite strong user growth.
S&P 500 nears critical resistance at 7,100–7,250 amid slowing GDP and rising inflation. Comprehensive bull and bear analysis for 2026 markets.
Amazon (AMZN) reports Q1 2026 earnings today. Analysts expect $1.63 EPS and $177B revenue. AWS growth and AI spending in focus for investors.
The CFTC has filed a federal lawsuit against New York officials and submitted a Massachusetts brief, escalating tensions over prediction market oversight.
Ohio Sen. Bill DeMora proposes SB 430 to regulate prediction markets under sports betting laws, requiring licenses and taxes amid federal court battles.
Cathie Wood’s ARK bought $14M of Alphabet (GOOGL) before Q1 earnings. Wall Street projects $107B revenue and 47% cloud growth. Full analysis inside.
Brazil has implemented a complete ban on prediction market platforms, blocking 27 websites including Kalshi and Polymarket under gambling legislation.
Disney (DIS) keeps ESPN in-house under CEO Josh D’Amaro, viewing live sports as key to streaming growth. Stock dipped 1% but analysts see 30% upside.
New research shows Nebraska could generate $87M in tax revenue from legal online sports betting, with 70% funding property tax credits for residents.
DA Davidson sets a $1,000 target for Micron (MU), citing AI-driven memory supercycle. TD Cowen and Melius also upgrade targets on demand durability.
UnitedHealth (UNH) stock surged 3.5% after beating Q1 earnings, raising guidance, and benefiting from a Medicare rate hike and AI cost-cutting initiatives.
Lightning Network trial processes 237K+ iGaming transactions in 30 days with instant settlements. Cash App users account for 80% of volume.
Buenos Aires authorities blocked 251 illegal gambling sites after uncovering fraud, withdrawal issues, and minors being recruited into operations.