New York sues Kalshi, says prediction market is running 'illegal gambling operation'
New York state sued prediction market platform Kalshi on Friday, alleging that the company is running an "illegal gambling operation."
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Fed officials who voted to hike rates say action is needed now against inflation
Federal Reserve officials who voted this week against the decision to hold interest rates steady said Friday they favor hiking now as a way to stave off inflation.
Read more →EV prices aren't following the 'law of used cars,' analyst says — what it means for buyers and sellers
Prices for used electric vehicles are doing something unusual — and the dynamic poses both good and bad news for consumers, according to automotive experts.
Read more →Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.36%. September E-mini S&P futures (ESU26)…
Read more →More consumer companies are staying private for longer, avoiding the IPO road
Five years after the initial public offering boom of 2021, public markets look a lot different as more companies are choosing to stay private for longer.
Read more →Mizuho upgrades Circle Internet stock rating to neutral, cuts price target
Fifth Third Bancorp acquired a new stake in Circle Internet Group, Inc. (NYSE:CRCL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC).…
Read more →A portfolio manager says investors are looking overseas as Magnificent Seven worries grow. Here are the stocks and sectors he favors
Investors are becoming more willing to increase their exposure to international equities, as concerns over the dominance of the "Magnificent Seven" technology giants encourage diversification away from U.S. stocks, Janu…
Read more →This Chinese computer chip maker burned through $5 billion in a decade — then made it all back in a single quarter
Over the past year, the memory chip maker ChangXin Memory Technologies (CXMT) turned from a cash drainer into China's biggest AI gainer.
Read more →Apple drops 7%, Amazon surges 12% as investors pick AI winners after earnings
Amazon shares surged on Friday while Apple dropped as investors reacted starkly differently to their June quarter earnings reports.
Read more →New Strong Sell Stocks for July 31st
EuroDry Ltd. EDRY is a transportation company. The Zacks Consensus Estimate for its current year earnings has been revised 24.9% downward over the last 60 days.
Read more →Nova Ltd. (NVMI) Soars 7.4%: Is Further Upside Left in the Stock?
Nova Ltd. NVMI shares soared 7.4% in the last trading session to close at $394.07. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 27% loss …
Read more →Stock market today: Dow, S&P 500, Nasdaq seesaw as 10-year yield surges, Big Tech's AI spending ramps up
US stocks were volatile on Friday morning, after the 10-year Treasury yield (^TNX) jumped to its highest level since January 2025 and Big Tech giants reported continued investments in artificial intelligence.
Read more →Bull of the Day: Sterling Infrastructure, Inc. (STRL)
Sterling Infrastructure, Inc. STRL is a leading U.S. infrastructure company that’s become an under-the-radar Wall Street star over the past five years, posting massive growth on the back of converging megatrends.
Read more →Bear of the Day: Tractor Supply Company (TSCO)
Rural retail powerhouse Tractor Supply Company’s TSCO earnings outlook fell again after its Q2 earnings release on July 23.
Read more →Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.36%. September E-mini S&P futures (ESU26)…
Read more →New York sues Kalshi, says its prediction markets are illegal gambling
New York Governor Kathy Hochul and Attorney General Letitia James announced early Friday morning that they filed suit against Kalshi for allegedly “running an illegal gambling operation in New York through its predictio…
Read more →Iran targets strategic U.S. assets in Kuwait, Bahrain after Egypt drone attack
Iran's army said on Friday it had launched attacks on strategic U.S. assets and military bases in Kuwait and Bahrain, following the latest wave of U.S. strikes against the Islamic Republic.
Read more →Fast-fashion retailer Shein’s 3-year IPO odyssey may have cost it the ‘golden time’ to go public
Shein won Beijing's approval for a Hong Kong listing after it publicly embraced the Chinese roots it spent years playing down. Now investors are questioning whether that blessing can carry a $40-billion-plus valuation f…
Read more →CXMT's blockbuster debut in Shanghai sets stage for next test against global memory giants
CXMT's blockbuster Shanghai debut has put it in the spotlight, but analysts say closing the technology gap in advanced memory chips, not investor enthusiasm, will determine whether it can challenge the global market lea…
Read more →See Which Recent 13F Filers Hold UBER But Oasis Advisors and Blue Line Capital Exited
At Holdings Channel, we have reviewed the latest batch of the 54 most recent 13F filings for the 06/30/2026 reporting period, and noticed that Uber Technologies Inc (Symbol: UBER) was held by 17 of these funds. When hed…
Read more →Copper may hit new high as AI demand collides with deadly storms, strategists say
Deadly storms that have disrupted copper mines in Chile could amplify market strains, strategists say, as the U.S. and China battle for supply of the critical industrial metal, in turn pushing prices higher.
Read more →Oil prices ease as recovering Hormuz Strait traffic tempers war premium
Oil prices extended declines Friday as signs of a recovery in crude flows through the Strait of Hormuz eased supply concerns, after a resumption of hostilities between U.S. and Iran had sent them higher.
Read more →New York sues Kalshi, says prediction markets constitute illegal gambling
NEW YORK, July 31 (Reuters) - New York's attorney general sued Kalshi on Friday, claiming that its prediction markets platform violates state laws against illegal gambling.
Read more →BOJ holds rates at 1%, warns of core inflation exceeding 2% target
The Bank of Japan kept its policy rate steady on Friday, as it warned that core inflation in the country could exceed its 2% target.
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