Asia Economy China exports in June jump at fastest pace since 2021 as AI boom, tariff rush lift trade
China’s trade growth accelerated far more than expected in June, as booming global demand for AI hardware and a rush by U.S. retailers to beat anticipated tariff hikes turbocharged shipments.
Federal Reserve Fed officials were split on direction of interest rates at last meeting, minutes show
Fed policymakers were split on the future of interest rates at their June meeting, with officials offering competing cases for hikes or cuts, according to minutes released Wednesday.
U.S., Iran pause hostilities as Hormuz shipping resumes after weekend clashes
The U.S. and Iran agreed Sunday to pause hostilities and allow commercial vessels to transit the Strait of Hormuz freely, following a weekend of military exchanges that threatened to derail negotiations aimed at ending their conflict. Will A More Thorough Agreement be Reached Before the Expiry of Existing 60-
CFTC sues Kentucky over actions against prediction markets, making it first red state to face federal scrutiny
The CFTC's suit against Kentucky underscores a growing federal-state clash over regulating prediction markets as swaps versus gambling.
The Iran deal came just in time as Strategic Petroleum Reserve hits lowest level since 1983
U.S. Strategic Petroleum Reserve stocks have fallen to a 40-year low following massive releases to counter Iran war disruptions, heightening risks of a price spike.
Strait of Hormuz traffic to return to normal as soon as August, Kalshi traders speculate
Prediction markets show surging odds for Strait of Hormuz traffic normalization after Trump's Iran deal announcement, despite lingering uncertainties.
This startup wants to reduce payment friction on prediction markets
Prediction markets' growth exposes banking system lag, driving EDGE Markets to debut real-time payment solutions for traders and institutions.
China is helping to cushion global oil prices below $100 — but analysts warn it won’t last
China's crude import cuts have cushioned oil prices during the Iran war, yet analysts warn higher prices are needed to rebuild depleted inventories.
Kalshi is building a prediction markets 'Bloomberg Terminal' for high-end traders, source says
Kalshi is developing a Bloomberg Terminal-style interface for prediction markets, targeting professional traders as it expands into new asset classes.
Traders on Kalshi indicate that May's jobs report will top Wall Street expectations
Traders on Kalshi expect that job creation in May will see a slowdown but still surpass Dow Jones consensus.
Rubio odds for GOP 2028 nominee close to overtaking Vance on Kalshi
Secretary of State Marco Rubio is seen as increasingly likely to be the GOP nominee in 2028, according to traders on prediction market platforms.
When are prediction markets most helpful? Evercore ISI has a formula
Prediction markets are gaining institutional traction, but their forecasting reliability is hampered by low liquidity and ambiguous contract design.
