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Panic has set in for executives at top crypto brokers and prediction market companies. After the landmark ruling from a jury in Los Angeles last week that social media platforms run by Meta and Alphabet are addictive, prediction markets along with retail and crypto brokers are likely the next targets for a flood of lawsuits claiming they knowingly created products designed to hook users. It’s about time.For far too long, retail and crypto brokers have avoided legal scrutiny while ensnaring users. Those brokers who offer leverage to traders – allowing ill-equipped retail investors to essentially borrow money to amplify the…

Prior month MoM revised to 0.7%.and revise higher to 4.3%Prior month ex food and energy 0.2% MoM and 4.0% YoYPPI MoM 1.4% versus 0.5% estimatePPI YoY 6.0% versus 4.9% estimatePPI ex food and energy MoM 1.0% vs 0.3% estimate.Highest since March of 2022. PPI ex food and energy YoY 5.2% vs 4.3% estimatePPI ex food, energy and trade MM +0.6% vs +0.2% last monthPPI ex food, energy and trade YoY 4.4% vs 3.7% last month Services inflation was up 2.5%The two year yield has moved above the 4% level to 4.010% 1.5 basis points. The 10 year yield is up…

UK bond yields off the highs as cabinet ministers offer supportUK government borrowing costs are still elevated as noon approaches, but not quite as high as they were.Bond yields have dipped back after Keir Starmer told the cabinet he was not resigning.After that meeting, several cabinet ministers including Peter Kyle, the business secretary, Liz Kendall, the technology secretary, and housing secretary Steve Reed told reporters they were supporting Starmer.The 30-year bond yield is now up 9 basis points at 5.76%, having hit a new 28-year high of 5.81% this morning (see earlier post).Ten-year bond yields are off their earlier highs…

Advertisers will be hearing about the slate of live events in the coming year — and how AI is being integrated. Plus, media consolidation reshapes the lineup.

Check out the companies making headlines before the bell: Under Armour — The sportswear company slid 14% after posting a loss of 3 cents on revenue of $1.17 billion. Analysts polled by LSEG were anticipating a loss of 2 cents on revenue of $1.68 billion. GameStop , eBay — Shares of GameStop dropped more than 4% after online retailer eBay turned down a $56 billion takeover bid Tuesday from the electronics retailer over doubts over the financing of the deal. Shares of Ebay were slightly lower. On Holding — The running shoes maker fell 5% in the premarket even after…

U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on “Investing in America” on April 30, 2025 in Washington, DC.Andrew Harnik | Getty ImagesBEIJING — Nvidia CEO Jensen Huang said it would be “a great honor” to travel to China with Donald Trump. But he isn’t among the executives joining the U.S. president to meet Chinese President Xi Jinping — a sign the chipmaker’s sales in one of its most important markets are unlikely to recover soon.Huang has visited China multiple times in the last 18…

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A-Cube, an innovative technology partner specializing in automated digital tax compliance, has successfully secured a €4million investment round. The funding round was led by P101 SGR, a prominent Italian venture capital firm with an international focus, which will also provide strategic operational support as the startup embarks on its next phase of development. Sella Direct Ventures, an investor specializing in fintech and financial services technologies, also participated in the round and intends to leverage its global network to further accelerate A-Cube’s scale-up efforts. This new capital injection is designed to consolidate A-Cube’s footprint across key European markets while accelerating the…

Some of your parents’ old rules don’t work as well anymore. Here’s what does, according to Mrs. Dow Jones.

The riveting gains for microchip stocks have many analysts drawing parallels to 1999, just ahead of the dot-com crash, when the build-out of a key technology led to parabolic moves and frenzied speculation.