The wallets are open, but the runway is getting shorter. Consumer spending in March continued to outpace income growth, with rising energy costs and everyday necessities absorbing a larger share of household income and leaving Americans with less financial flexibility than a year ago. The...
The Conference Board’s Leading Economic Index (LEI) declined by 0.6% in March amid higher oil prices and stressed supply chains. The LEI is based on 10 components and aims to indicate where the economy is heading in the near term, The Conference Board said in...
Polymarket has approached the Commodity Futures Trading Commission (CFTC) to seek an end to the current prohibition that keeps U.S. customers from accessing its prediction market platform, Bloomberg reported Tuesday (April 28). The company has “technically banned” Americans from using its platform since it reached a settlement with the...
JPMorgan Chase’s CEO is reportedly warning of the possibility of a worse-than-anticipated credit market downturn. That’s especially true for the private credit space, where the sheer number of companies—upwards of 1,000—means not all of them will do well in the market falls, Jamie Dimon said...
Among traders on Polymarket’s prediction market platform, there are almost twice as many who have lost at least $1,000 as there are who have made that much, Bloomberg reported Tuesday (April 28). Bloomberg analyzed every wallet active since the beginning of 2025 and found that over 100,000 accounts lost at...
Greenlight Commodities executed an institutional prediction market trade over the counter on the Kalshi platform, it said in a Monday (April 27) press release. The transaction was executed between a Houston-based environmental hedge fund and institutional liquidity provider Jump Trading Group, according to Greenlight Commodities,...
Retail spending surprised analysts with an upswing in March, but the headline strength came with a familiar caveat: higher prices at the pump did much of the heavy lifting, even as underlying demand held together. Online sales continued to show momentum, as well. Advance estimates...
The increases in corporate borrowing reported by U.S. banks last week suggest parts of the economy are remaining resilient amid current pressures, Reuters reported Monday (April 20). The report said the gains came despite inflationary pressures, fears of a slowdown, and uncertainties around policy and...
Coinbase has launched a marketplace designed to help developers and artificial intelligence (AI) agents discover, compare and integrate tools for autonomous commerce enabled by the x402 protocol. The new Agentic.Market currently includes services across inference, data, media, search, social, infrastructure and trading, the company said in a Sunday (April 19) press...