New Jersey has become the first state to ask the U.S. Supreme Court to rule on the legality of prediction markets. The move could set a precedent for how these markets are regulated across the country.
The Trade Desk reported only 3% revenue growth in the second quarter and missed estimates on both revenue and earnings. The stock lost 24% in August following the weak results.
Asian stocks declined as rising yields and a spike in oil prices pressured markets. Technology shares led losses in Tokyo and Seoul due to their sensitivity to higher borrowing costs.
The Australian stock market slightly trimmed early losses in mid-market trading on Wednesday. The benchmark S&P/ASX 200 remained below the 9,000 level after two prior sessions of declines.
The S&P 500 has delivered 10% annualized returns since 1928 despite major crises. The article discusses a strategy that has historically performed well in bear markets.
Asian stock markets traded mostly lower on Wednesday following negative cues from Wall Street. Rising bond yields and higher oil prices amid Middle East hostilities stoked inflation and rate-hike concerns.
Projections indicate data centers could account for up to 20% of U.S. electricity use by 2035, up from 5% currently. The trend may create opportunities for industrial companies supporting data center infrastructure.
CoreWeave's interest expense reached $640 million in the second quarter, up 2.4 times from a year earlier. The expense has climbed every quarter over the past year.