markets
President Donald Trump sure doesn’t sound like a prediction market enthusiast. Loading audio narration… Asked on Thursday if he was concerned about the potential for insider trading on prediction markets, Trump told reporters in the Oval Office that he was “never much in favor” of betting in financial markets.”The whole…
Desperate buyers are in a race to secure a dwindling supply of secondary shares in Anthropic, driving the AI company’s valuation on some sites to $1 trillion, a price that would have seemed unthinkable even a few weeks ago. Loading audio narration… Meanwhile, traders Business Insider spoke with are seeing…
If you work on Capitol Hill, your boss might prohibit you from betting on prediction markets pretty soon. Loading audio narration… “It’s something we’ve talked about internally,” Democratic Sen. Chris Murphy of Connecticut told Business Insider. “We haven’t put out any official guidance, but you know, that certainly seems like…
Volkswagen is doubling down on gas-powered SUVs for the US. Loading audio narration… On Thursday, the German automaker said it would end assembly of the electric ID.4 crossover SUV at its Chattanooga, Tennessee, plant by mid-April.The move means Volkswagen’s US EV sales will rely entirely on existing inventory. A spokesperson…
For the second year in a row, March wasn’t pretty for many big-name hedge funds. Loading audio narration… Dmitry Balyasny’s eponymous manager was down 4.3% on the month, a person close to the firm told Business Insider. For the year, the $33 billion firm is down 3.8%. Michael Gelband’s ExodusPoint,…
