Business

Asian Stocks Set for Gains as US Inflation Cools: Markets Wrap

Asian stocks were poised to extend gains Friday as further evidence of moderating US inflation and a pullback in oil prices reinforced bets that the Federal Reserve will refrain from raising interest rates next month.

Reddit Shares Surge on S&P 500 Inclusion Later This Month

Reddit Inc. will join the S&P 500 next week as part of an off-cycle change, S&P Dow Jones Indices said Thursday, sending the social networking platform’s shares surging more than 10% after the bell.

Markets are looking eerily calm as investors chase FOMO rally

By nearly every headline measure, investors have never looked more relaxed in a year not short of wild rides. But that calm may not be as reassuring as it looks.

Latest Oil Market News and Analysis for Aug. 14

Oil held a decline as traders monitored efforts toward a deal that could reopen the Strait of Hormuz, while more attacks on tankers and energy infrastructure kept the market on edge.

Daron Acemoglu: We are "at the Cusp of Losing" Liberal Democracy

A new book 'What Happened to Liberal Democracy?' by Nobel Laureate Daron Acemoglu examines the evolution of liberalism, and its future amid rapidly advancing technologies like AI. He joins Buisnessweek Daily to discuss why he wrote this…

Commentary: A reality check is needed on Arctic shipping

It will take a long time before new routes become more than a niche commercial activity, says Richard Milne for the Financial Times.

Nubank quarterly net profit beats estimates, topping $1 billion for first time

Nubank's profit crosses $1 billion, beating estimates; shares jump

VMG Managing Partner on Consumer Branding & Demand

Robin Tsai, Managing Partner at VMG Partners, discussed the recent uptick in consumer space IPOs following notable debuts like Jersey Mike's and Reformation. He outlined VMG Partners' investment strategy, which focuses on established…

SEC Delays Crypto Regulation Meeting in Latest Industry Setback

The Securities and Exchange Commission canceled a Friday meeting where the agency was expected to unveil new plans for digital assets as landmark crypto legislation remains stalled in Congress.

US securities regulator cancels meeting to vote on crypto rules

Judge Orders Kalshi to Stop Offering Most Wagers in Washington

Kalshi was told by a judge to stop offering most of its prediction market contracts in Washington state, after regulators said they likely constituted an illegal gambling operation.