Sports betting used to be a Sunday habit, but for a growing share of Americans, and an even larger portion of Gen Z, it’s starting to look like a backup financial plan. New research from Bank of America Institute shows that across every generation, people see prediction-market contracts as even more investment-like than sports bets.
ONE BIG THING White House delivered misleading stats on oil shipments from the Gulf You will be shocked to learn that a politician may have said something misleading. U.S. Energy Secretary Chris Wright raised eyebrows in energy markets Wednesday when he said more oil exports left the Middle East on Monday—between the Strait of Hormuz
The pros said “let the bond market speak.” But investors don’t like what it’s saying on Tuesday. After an unusual intervention by the Treasury Department in August did little to tamp down bond-market jitters, US Treasury yields are spiking again, but the latest sell-off isn’t confined to the US. A host of macroeconomic fears is
Showbox, the Korean film and content studio, has launched a new microdrama label, Showbite, and will begin rolling out original short-form content in September, spanning genres from romance and comedy to revenge, action-thriller, period drama, fantasy, mystery and horror. The romance slate includes “Taste of You,” a BL enemies-to-lovers story set in the world of
Investors were glued to their TVs on Friday as Federal Reserve boss Kevin Warsh stepped up to the podium at the annual Jackson Hole Economic Symposium. The hotly anticipated remarks held a few key takeaways for investors. For one, Warsh reiterated what many already knew, which is that the era of forward guidance from the
Public money does more than support frontier technologies, it helps to shape the markets that grow around them. Through decisions on contracts, grants, benchmarks, infrastructure and purchasing routes, governments influence which firms learn first, which systems are adopted and whether markets stay open or closed. Governments must recognize their role in shaping future competition in