Cryptocurrency exchange Gemini is expanding its prediction markets business in collaboration with Apex FinTech Solutions. The partnership will see Gemini’s Gemini Titan become the exclusive regulated venue for crypto event contracts distributed through Apex’s futures commission merchant (FCM) to Apex’s brokerage customers, the companies announced...
European consumers’ inflation expectations inched down in July, the European Central Bank said in a Friday (Aug. 21) press release. Consumers’ median expectations for inflation over the next 12 months decreased from 3.0% in June to 2.9% in July, while those for inflation three years ahead declined from 2.8% to...
Prediction-market executives clashed Thursday (Aug. 20) over how regulators should police manipulation and insider trading, exposing a widening divide between established derivatives exchanges and newer event-contract platforms. The confrontation occurred during a Commodity Futures Trading Commission Innovation Advisory Committee meeting in Washington, where executives from...
The Conference Board said Thursday (Aug. 20) that the Leading Economic Index’s (LEI) six-month growth rate turned positive for the first time in more than four years. The LEI’s six-month growth rate for January to July was positive, with an increase of 0.2%, while that...
Tariffs alone cannot explain the persistence of 3% inflation in 2025, three Federal Reserve Bank of Boston economists wrote in an article posted Wednesday (Aug. 19). While U.S. tariffs rose from 2.5% to 10% in 2025, productivity gains partially offset that increase in costs, and...
New Goldman Sachs research suggests industries with greater artificial intelligence (AI) exposure could be rethinking their hiring options. The impact of AI varies according to industry and levels of seniority, the banking giant said in the report “Global Economics Comment: Is AI Impacting Global Labor...
July’s retail sales decline landed in the middle of a much more deliberate reset in household spending. Consumers are still buying, in select categories. But PYMNTS Intelligence data show how aggressively they are working the budget first, from switching brands and merchants to hunting discounts...
Jobless claims inched up last week in a move Bloomberg reported could be due to seasonal employment patterns. There were 209,000 initial claims for unemployment insurance during the week ended Friday (Aug. 8), a figure that was up 9,000 from the previous week’s revised level....
DraftKings has rolled out a new rewards currency called Crown Cash that powers the company’s loyalty program, DraftKings Rewards, and makes it easier to view and use rewards across eligible DraftKings experiences, the digital sports and gaming company said in a Wednesday (Aug. 12) press...