The 6th U.S. Circuit Court of Appeals ruled on Friday that states have a right to regulate sports-related event contracts on prediction market platforms, marking a second major legal defeat for the industry as a fight at the U.S. Supreme Court looms. In a unanimous decision, the three judge panel said...
Category: Investing
Meta’s Muse reignites AI disruption fears. Traders are targeting this brokerage stock as next casualty
Meta's latest consumer AI product is sending such big shockwaves through the market that it's even inflaming a long-time rivalry in the brokerage business between 55-year old investing giant Charles Schwab, and Robinhood, an icon of the post-Covid trading boom among young investors.Shares of Schwab fell 6% Tuesday, touching the...
Buffett takes next step in plan to keep Berkshire from straying
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.)Warren Buffett takes next step in long-term plan to ensure Berkshire doesn't stray after he's goneWarren Buffett speaks during...
Jeff Gundlach says the Fed should have hiked rates by more to fight rising inflation
The Federal Reserve should have hiked rates by more on Wednesday instead of a just a quarter point, according to Jeff Gundlach, founder of DoubleLine."I would have called that stun and done," Gundlach said Wednesday on CNBC's "Closing Bell," a play on the term "one and done" referring to the...
These dividend stocks could catch a tailwind from data center pushback
Inside one of Equinix's internal operations at Equinix Data Center in Ashburn, Virginia, on May 9, 2024.Amanda Andrade-Rhoades | The Washington Post | Getty ImagesThe backlash against artificial intelligence data centers could prove a tailwind for real estate investment trusts in the sector. Protests have sprung up nationally as hyperscalers...