Big banks smell money in prediction markets—places where people bet on real-world events like election outcomes or sports results. Jamie Dimon, CEO of JPMorgan, casually mentioned his firm might jump in, but ruled out betting on sports or politics. Goldman Sachs is already deep in talks with leading
Joerg Kukies is leaving public service to return to private banking. After years in Berlin’s finance circles, the well-known German economist will join Morgan Stanley in May. He’ll start in London before settling in Frankfurt, where he’ll lead the bank’s German and Austrian operations plus oversee a
Taxes shape how much people keep from each paycheck, but those amounts vary wildly depending on where they live. A fresh look at state tax burdens shows Hawaii tops the list, where residents give up 13. 3 percent of their income to state and local taxes—more than double what Alaskans pay. The breakd
A major investment firm just placed a big wager on a company most people don’t know much about. Jana Partners recently revealed it now owns 5. 4 million shares—worth about 5% of Alkami Technology. That’s according to a report filed with regulators on a recent Wednesday. The New York-based firm didn’
A Rutgers graduate has taken the university to court, claiming that its sports program has wasted public funds. He says the school’s athletic department spent too much money without proper oversight, creating a huge debt. The lawsuit was filed in Middlesex County Superior Court by lawyer Hecto
New Hampshire’s Business Finance Authority is about to launch a bond that stands out because it uses bitcoin as its safety net. The bonds will carry a provisional Ba2 rating from Moody’s, which is just below the investment‑grade line. The plan is to back each bond with a specific amount of bitcoin,
A New Jersey cloud firm, CoreWeave, has pulled in $8. 5 billion from a coalition of banks and investors to expand its data‑center reach. The money is backed by the company’s own GPUs and a contract with Meta that guarantees usage of those chips. The deal is the biggest ever of its kind, using a comb
The idea that you can live off a single number for retirement has long been tied to the 4 percent rule. That rule said you could withdraw four percent of your initial savings each year, adjusting for inflation, and expect the money to last thirty years. It was based on a mix of stocks and bonds that
The Financial Select Sector SPDR ETF, known as XLF, is showing warning signs that many investors find unsettling. Unlike other sector funds, this one moves the U. S. economy’s heartbeat; when it falters, markets often feel the tremor. Today’s data suggest that XLF is weak and its “vital signs” are d
Dow, a major player in material science, has seen its stock climb despite a struggling wider market. The company stands out with a diverse product range and factories spread across the globe. Recently, its stock hit a fresh yearly peak of $42. 68, and it pays a steady dividend of 3. 32%. But experts
