New York sues Kalshi, says prediction markets constitute illegal gambling
NEW YORK, July 31 (Reuters) - New York's attorney general sued Kalshi on Friday, claiming that its prediction markets platform violates state laws against illegal gambling.
Markets
Corn Showing Fractional Losses on Thursday
Corn futures are trading with contracts fractionally lower at midday on Thursday, as early spillover support from wheat is being ignored. The CmdtyView national average Cash Corn price is down 1/2 cent at $4.18 1/4.
Yen remains under pressure after BOJ kept rates unchanged
The Bank of Japan (BoJ) board members decided to leave the short-term interest rate unadjusted at 1.00%, following the conclusion of its two-day monetary policy review meeting on Friday.
See Which Recent 13F Filers Hold UBER But Oasis Advisors and Blue Line Capital Exited
At Holdings Channel, we have reviewed the latest batch of the 54 most recent 13F filings for the 06/30/2026 reporting period, and noticed that Uber Technologies Inc (Symbol: UBER) was held by 17 of these funds. When hed…
China's factory activity unexpectedly contracts in July as export rush fades
The official manufacturing purchasing managers' index fell to 49.2 from 50.3 in June, National Bureau of Statistics data showed Friday, dropping below the 50-point threshold that separates expansion from contraction. Ec…
Anthropic says its Claude models 'gained unauthorized access' to other organizations' systems
Anthropic on Thursday said it discovered three instances where its Claude artificial intelligence models accessed the internet during an evaluation and "gained unauthorized access to the real systems of three different …
Amazon got $600 million in Trump tariff refunds and will pass return along to some customers
Amazon disclosed Thursday that it has received $600 million in tariff refunds after the Supreme Court ruled that many of President Donald Trump's levies were illegal, and it expects to return some of that cash to custom…
Corn Showing Fractional Losses on Thursday
Corn futures are trading with contracts fractionally lower at midday on Thursday, as early spillover support from wheat is being ignored. The CmdtyView national average Cash Corn price is down 1/2 cent at $4.18 1/4.
SK Hynix shares surge 25%, while Samsung soars over 20% as AI rally roars back
South Korea's chip heavyweights SK Hynix and Samsung Electronics skyrocketed in Seoul on Friday, tracking a sharp rally in U.S. technology stocks after blockbuster earnings from Amazon and Microsoft revived optimism aro…
Soybeans Holding onto a Thursday Bounce at Midday
Soybeans are trading with contracts 1 to 3 cents higher at midday. The cmdtyView national average Cash Bean price is up 5 ¾ cents at $11.52 ¼. Soymeal futures are up 40 to 90 cents across the front months, with Soy Oil …
Cotton Rallying on Thursday
Cotton futures are trading with contracts 125 to 188 point in the green at Thursday’s midday. Crude oil is back down just 38 cents per barrel, with the US dollar index falling 0.879.
BOJ holds rates at 1%, warns of core inflation exceeding 2% target
The Bank of Japan kept its policy rate steady on Friday, as it warned that core inflation in the country could exceed its 2% target.
Migrants pour into Spain’s Ceuta from Morocco, military called in
CEUTA, Spain — Spain will deploy its military to restore order at its border with Morocco in Ceuta after thousands of migrants streamed into the tiny Spanish territory, with at least nine dying in the attempt.
Cotton Rallies on Thursday
Cotton futures were 81 to 139 points in the green at Thursday’s close. Crude oil was back down just 50 cents per barrel, with the US dollar index falling 0.914.
Wheat Fades Off Thursday Strength into the Close
The wheat complex posted gains across the three exchanges on Thursday, following increased Black Sea tensions. Chicago SRW contracts were 2 ¾ to 7 ½ cents higher at the close. KC HRW futures were 5 1/4 to 8 1/2 cents in…
Soybeans Fades Lower on Thursday
Soybeans posted weaker trade late on Thursday, with contracts down fractionally to 4 cents across most contracts. The cmdtyView national average Cash Bean price was up 2 ¾ cents at $11.49. Soymeal futures were 40 cents …
Reddit shares sink 11% on 'choppy' search referrals even as results blow past estimates
Reddit reported second-quarter earnings on Thursday that beat on the top and the bottom lines, and the company issued guidance that sailed past expectations.
Dollar Sinks as the Yen Soars on Suspected Japanese Intervention
The dollar index (DXY00) tumbled to a 6-week low on Thursday and finished down by -0.99%. The dollar retreated on Thursday’s US economic news that showed Q2 GDP growing less than expected and the Jun core PCE prices ind…
China’s U.S.-bound shipments fall in July after brief recovery, survey shows
BEIJING — One of the Chinese economy's few growth drivers lost steam in July, according to the latest survey of businesses by China Beige Book.
Cattle Extend Their Bounce to Thursday’s Close
Live cattle futures posted $1.42 to $3.47 gains across the board at Thursday’s close. USDA picked up cash trade at $232-233 on Thursday. The Thursday Fed Cattle Exchange online auction showed no sales on the 1,054 head …
Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks
The S&P 500 Index ($SPX) (SPY) on Thursday closed up +1.66%, the Dow Jones Industrial Average ($DOWI) (DIA) closed up +1.19%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +3.36%. September E-mini S&P futures (ESU26)…
Ample Global Supplies Undercut Cocoa Prices
Cocoa prices are moving lower today and are just above Tuesday’s 3.5-week lows. Cocoa prices have been under pressure over the past two weeks and posted 3.5-week lows on Tuesday on signs of larger global cocoa supplies …
Cocoa Prices Pressured as Supply Concerns Ease
September ICE NY cocoa (CCU26) closed down -73 (-1.41%) on Thursday, and September ICE London cocoa #7 (CAU26) closed down -92 (-2.33%).
IBM CEO says quantum computing will have a 'measurable impact' on earnings by 2028 or 2029
IBM CEO Arvind Krishna said Thursday investors won't have to wait much longer for quantum computing to become a meaningful business for the technology company known for its mainframes and enterprise software.