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JPMorgan Chase terminated its banking relationship with prediction platform Polymarket last October over regulatory concerns, according to people familiar with the matter, though the company has since secured a new banking partner. At the time, Polymarket was barred from allowing US customers on its …
Paramount Skydance Corp. (NASDAQ:PSKY) said Friday it has secured all regulatory clearances required under its merger agreement to acquire Warner Bros. Discovery Inc. (NASDAQ:WBD), removing the final regulatory obstacle to the proposed combination after an eight-month review spanning 68 countries. The latest clearance came …
The S&P 500 fell 0.2% Friday to close at 7,785.76, following a week in which theindexcrossed 7,800 for the first time and reached an intraday record of 7,816.70. Despite the Friday pullback, the benchmark advanced 0.4% for the week, marking its third consecutive weekly …
President Donald Trump signed a national security memorandum directing the Navy to abandon its Electromagnetic Aircraft Launch System, or EMALS, on its next aircraft carrier, ordering a return to traditional steam catapults instead. The change will affect the Doris Miller, the fourth vessel in …
US oil rig activity increased this week even as shipping through the Strait of Hormuz came to a near halt following attacks on tankers transiting the waterway. Baker Hughes Co. (NASDAQ:BKR) reported Friday that energy companies added one oil rig, bringing the total active …
The White House has accused more than 40 countries, including Canada, Mexico, and Japan, of helping China illegally avoid US tariffs by rerouting trade through nations subject to lowerImportduties. The report, titled "The Great Transshipment Scam," estimated that $60 billion in trade has been …
Chinese container shipping company Sea Legend has launched the first regular service through the Arctic, sailing a vessel between Ningbo in China and Felixstowe on the UK's east coast using the Northern Sea Route over the top of Russia. The service follows a record …
A long-standing copper arbitrage trade has become a real-time indicator of US tariff risk, according to commodities analysts. The spread between COMEX copper futures and London Metal Exchange prices, historically used by traders and producers to profit from temporary price differences between the two …
Shares of US drone manufacturers rallied Friday after President Trump announcedImporttariffs aimed at boosting domesticManufacturingand reducing reliance on foreign-made components. Unusual Machines Inc. (NYSE:UMAC) rose 21%, while Red Cat Holdings Inc. (NASDAQ:RCAT) gained about 5%, and shares of AeroVironment Inc. (NASDAQ:AVAV) and Kratos Defense …
Investors have returned to bullish positions on US equities this month, reversing the caution that followed July's chip stock sell-off. The S&P 500 has gained around 4% in August to trade at a record high above 7,800, while theNasdaq100 has rebounded sharply after briefly …
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