Online election betting platform Polymarket plans to bring its prediction markets back to customers in the United States. “I want to give a lot of credit to the people who fought the battle to go and legalize political prediction markets in America,” Polymarket founder and CEO Shayne Coplan told Andrew Ross Sorkin on “Squawk Box,” […]

This is breaking news. Check back for more updates. Block’s shares were reeling Thursday, falling nearly 10% in after hours trading after reporting third quarter revenue of $5.98 billion, lower than analysts’ projections of $6.24 billion. The payment company also reported $2.25 billion in gross profit for the quarter ending September 30, up 19% from

Rivian (RIVN) reported third quarter revenue that missed the mark and a wider-than-expected loss as the pure-play adventure electric vehicle maker was burdened by a supplier parts issue. Though the company now projects a wider loss than expected for the year, it maintained its full-year delivery forecast and still sees a “modest gross profit” coming

Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024. Eric Thayer | Bloomberg | Getty Images Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. The stock fell about 3% in

In the U.S., winners get trophies and parades, while losers go away to think about all that went wrong. So it’s no surprise that in 2020, when Apartment Investment and Management (AIV) was unceremoniously shoved aside to make room for Tesla, Inc. (TSLA) to join the S&P 500 index, it was expected the company’s management

(Bloomberg) — Federal Reserve Chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision Thursday to lower interest rates by a quarter percentage point. Most Read from Bloomberg When asked at a post-meeting press conference whether he would step down

The Federal Reserve has cut short-term interest rates by 25 basis points. Nevertheless, mortgage rates went up again. The average rate on the 30-year fixed-rate mortgage climbed 11 basis points in the week ending Nov. 7, to 6.86%, according to rates provided to NerdWallet by Zillow. A basis point is one-one hundredth of a percentage

(Reuters) – The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has “generally eased” while inflation continues to move towards the U.S. central bank’s 2% target. “Economic activity has continued to expand at a solid pace,” the central bank’s rate-setting

Laylabird | E+ | Getty Images Most Americans will have a lower tax burden in retirement than during their working years. However, that may not be the case for some retirees, especially for higher earners and big savers, which could have a significant impact on their financial plans, according to financial advisors. “Substantial evidence” suggests

Wolfspeed (NYSE: WOLF) stock is crashing in Thursday’s trading following the company’s recent quarterly report. The chip specialist’s share price was down 33.2% as of 1 p.m. ET. After the market closed yesterday, Wolfspeed published results for the first quarter of its current fiscal year, which ended Sept. 29. While the company posted a smaller-than-expected