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These states are fighting prediction markets. The Trump admin is furious
Many states are trying to crack down on the newest frontier in the financial wild west: prediction markets. Although best known as places for betting on sports, which the Supreme Court ruled is legal during President Donald Trump's first term…
Kalshi and Rhode Island sue each other in latest challenge to prediction markets
Rhode Island joins other states that have taken similar legal action. Rhode Island is the latest state to challenge prediction markets on the legality of sports betting within its jurisdiction. As reported by The Providence Journal, opposing…
Abersoch beach hut on the market for £200,000
A beach hut has gone on the market for £200,000 - the same price as some houses further along the Welsh coast. According to estate agents, the bathing hut with its wooden balcony occupies 'prime position' among a line of others forming a…
Make Markets Opaque Again: The SEC's IPO Fixation Could Cost Investors Trillions
The SEC is dismantling mandatory disclosure to generate a few more IPOs. Three live experiments — the UK, Australia, and the US SPAC boom — and basic arithmetic suggest the trade destroys far more value than it creates. “Make…
Watch Indonesia to Update Markets on Commodity Export Control
Indonesia to Update Markets on Commodity Export Control Indonesia's Trade Vice Minister Dyah Roro Esti Widya Putri says the government is finalizing a centralized export agency for palm oil, coal, and ferroalloys. Speaking to Bloomberg's Stephen…
Georgia graduates face challenging job market
The unemployment rate for recent college graduates ages 22-27 in March was 5.6%, higher than the rate for all workers, according to data released this month by the Federal Reserve Bank of New York. The hiring rate — the share of the…
'We're concerned': US-based prediction markets taking bets on Australian elections and Albanese's word choices
US-based “prediction market” websites are taking tens of thousands of dollars in bets on Australian elections and even specific words the prime minister, Anthony Albanese, says in parliament, with gambling harm advocates and the…
Gas price whiplash is bringing Americans back to EV market
Americans are facing higher gas prices at the pump than they have in years, and the surge is making many turn toward an industry that President Donald Trump deliberately wanted to slow down and undermine—the electric vehicle (EV) market. As…
Dubious Chinese Carbon Credits Expose European Market's Flaws
Austria already made legislative changes before the allegations became known. In 2023, the crediting of upstream emission reductions was capped at a maximum of 1% and since 2024, upstream emission reductions can no longer be credited at all.
This Summer's Teen Job Market Is the Toughest in Decades
A popular ice-cream shop on Cape Cod had 50 jobs for hire for this summer. Hundreds of applications from teens started pouring in to Sundae School Homemade Ice Cream back in January, and the slots were quickly filled. Requests to work for New York…
Prettiest market town' with hidden lanes and history is 'easy' trip from London
With the sun blazing and temperatures soaring, here's a destination well worth adding to your day trip list. As the Met Office forecasted 35C degree sunshine in areas of the UK, it's so tempting to get outdoors. Hopping on an air-conditioned train…
U.S. markets pause for Memorial Day as futures trading shifts to holiday hours
Both the New York Stock Exchange and Nasdaq are closed, along with the bond market, with regular trading resuming the next day. Low trading volumes and shortened sessions can amplify volatility, especially in futures linked to equities, oil…
Oil, Dollar Slide on Optimism Over US-Iran Deal: Markets Wrap
Oil and the dollar fell while US stock futures climbed as risk appetite improved on hopes that a deal to reopen the Strait of Hormuz and restore crude flows could be close. Brent crude fell more than 4% in early trading, while risk sensitive…
Who Needs Horror Movies When There's a Bond Market?
This is Bloomberg Opinion Today, an interesting test case for cross-media storytelling of Bloomberg Opinion's opinions. On Sundays, we look at the major themes of the week past and how they will define the week ahead. Sign up for the daily…
What's Happening in EM: Political Risk Roils Markets
Maria Elena Vizcaino and Zijia Song discuss the fresh wave of political risks rippling across emerging markets, how they're affecting financial assets and how investors are positioning for them.
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