FlightAware drops Kalshi lawsuit over a market niche that data shows it never took off
The flighttracking company voluntarily dismissed, without prejudice and without sharing a motive for its decision. However, the flight cancellation market…
This week’s solar eclipse could make stocks go down. No, really. Here’s why.
The eclipse on Wednesday is unlikely to lead to the end of the bull market. But could have some impact on investors. Source:MarketWatch
Citadel Securities called the stock-market reset. Now it says leverage may build up again.
Strategist Scott Rubner says a growing list of stockmarket buyers are pushing it in a positive direction, notably big hedge funds and institutional managers.…
Super Micro stock is rallying after results. Here’s what Wall Street is saying.
Here’s what analysts are saying about Super Micro. Source:MarketWatch
Bitcoin holds near $64,000 as U.S. inflation data looms, Harmony exploit rattles altcoins
Markets are quiet ahead of the July inflation print, with bitcoin little changed, oil near $90 and Harmony nursing a fresh exploit. Source:CoinDesk
Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low
Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transactionfee income barely bounced from 10year lows of 0.52% of…
CoreWeave surges 16% on $2.58 billion revenue quarter as AI infrastructure demand eclipses crypto
Booming AI demand sends CRWV up 16% and lifts IREN and CIFR as investors favor computing infrastructure over crypto. Source:CoinDesk
AI capex could hit $1.6 trillion next year, says fund manager who sees more echoes of 1998 than the dot-com bust
A T. Rowe Price fund manager thinks the hyperscalers can comfortably fund their investment spending, and moreover, derive high returns on that invested capital…
Another AI lab is burning through cash as Tencent earnings rise
It’s not just American artificialintelligence companies burning through cash as they roll out evermore advanced models. Source:MarketWatch
Can I claim 50% of my husband’s Social Security now — and switch to my higher benefit at 70?
“I would like to offer a piece of advice for women who are or have been married.” Source:MarketWatch
Musician John Oates sells his idyllic Colorado ranch for $6.9 million
Rock ‘n’ roll legend John Oates, best known as half of the duo Hall & Oates, has sold the Aspen ranch he has owned for 35 years. Source:MarketWatch
One overlooked group has added $1.78 billion of selling pressure to bitcoin market
Public miners are an underappreciated source of supply hitting the market right at the margin. Source:CoinDesk