Business News

An app for Kalshi, an online prediction market site, is shown on Feb. 25, 2026, in Chicago. Online prediction market platforms allow people to place bets on wide-ranging subjects such as sports, finance, politics and currents events. (Photo Illustration by Scott Olson/Getty Images) (NEW YORK) -- The state of Connecticut sued Kalshi on Thursday to block alleged unlicensed sports gambling offered by the online betting platform, the Office of the Attorney […]

(NEW YORK) -- Nvidia surpassed Wall Street expectations for revenue over a recent three-month period, the company said on Wednesday, demonstrating strong performance as a data center boom drives demand for the company's advanced artificial intelligence chips.The California-based company recorded $96.2 billion in sales over three months ending in July, which beat a Bloomberg forecast of $92 billion. The jump in revenue marked 106% growth compared to the same quarter a year earlier.In recent […]

(NEW YORK) -- Nvidia is set to report earnings on Wednesday as a data center boom drives demand for the company's advanced artificial intelligence chips, despite political backlash and looming concern about a financial bubble.In recent years, the California-based behemoth has defied skeptics with blockbuster revenue quarter after quarter.Rip-roaring growth transformed Nvidia from an ascendant AI player into the world's most valuable company. Investors will be eager to see whether the firm continued to deliver […]

(WASHINGTON) -- The Federal Reserve is set to announce its latest decision on interest rates on Wednesday as the central bank weathers the highest inflation in three years.The announcement will mark the first possible adjustment of the benchmark interest rate since Trump nominee Kevin Warsh began his four-year term as Fed chair last month.The policy move is also set to arrive at a moment of flux for the nation’s economy, […]

(NEW YORK) -- Oil prices on Monday fell to their lowest level since March after U.S. officials announced an agreement between the United States and Iran.West Texas Intermediate futures price, the benchmark index for U.S. trading, registered at about $80.40. That figure, which amounted to a 5% drop on Monday, marked the lowest price since March 5, just a week after the outbreak of the Iran war.Stock prices, meanwhile, climbed on hopes […]

(WASHINGTON) -- President Donald Trump's 50% tariffs on some Canadian goods are set to take effect early Saturday morning, just days after he pushed back a previous deadline while the two sides negotiated a trade agreement.Trump claimed earlier this week the United States had reached a preliminary deal to resolve a dispute with one of its top trade partners, saying the breakthrough had prompted him to issue a reprieve from […]

(NEW YORK) -- Consumer sentiment improved in June for the first time since the outbreak of the Iran war as gasoline prices eased in recent weeks, but shopper attitudes remained near their worst level on record, University of Michigan survey data on Friday showed. The reading exceeded economists' expectations.The survey snapped three consecutive months of dampening consumer sentiment, recovering from an all-time low in May, data showed. The University of Michigan has conducted the […]

(NEW YORK) -- Elon Musk, the wealthiest person alive, could become the first-ever trillionaire when SpaceX goes public on Friday.The company's founder and CEO is set to own roughly four out of every 10 SpaceX shares after the initial public offering (IPO). If SpaceX were to achieve its target valuation of $1.75 trillion, Musk would accrue hundreds of millions of dollars in new wealth, at least on paper.SpaceX builds and […]

(NEW YORK) -- Inflation jumped for a third consecutive month as the Iran war continued to drive up prices in May, surpassing 4% for the first time in three years. The reading matched economists' expectations.Prices rose 4.2% in May compared to a year earlier, marking an increase from a year-over-year inflation rate of 3.8% in the prior month, U.S. Bureau of Labor Statistics data showed.As recently as February, inflation clocked in just a few […]