Small business optimism dipped below its 52-year average for the first time in a year in March, driven by the Iran war and the subsequent surge in oil prices, the National Federation of Independent Business (NFIB) said Tuesday (April 14). The NFIB Small Business Optimism...
Americans are dealing with a surge in surcharges as businesses look to counter rising costs. That’s according to a report Monday (April 13) by The Wall Street Journal (WSJ), which notes that the past few weeks have seen package-delivery companies and airlines introduce new or higher fees, citing increased fuel prices....
Federal regulators have convinced a judge to prohibit Arizona from prosecuting predictions market Kalshi. The U.S. District Court for the District Arizona on Friday (April 10) granted a temporary restraining order that prevents Arizona from pursuing criminal charges against contract markets that are governed by...
Insider trading concerns have caused Robinhood to bar some prediction markets from its platform. Jordan Sinclair, president of Robinhood UK, told the Financial Times (FT) Sunday (April 12) that the FinTech was “very focused on market abuse, insider trading.” “We don’t necessarily offer all prediction...
The latest inflation figures start at the pump, but the effects will likely extend well beyond gas prices and into everyday household spending decisions. Data from the Bureau of Labor Statistics released Friday (April 10) shows the Consumer Price Index rose 3.3% year over year...
The Binance App now offers access to prediction markets. The app’s new Prediction Markets feature is powered by an integration with third-party platforms, starting with Predict.fun, Binance said in a Thursday (April 9) announcement. “Users can now take positions on real-world outcomes across different categories,”...
Bank of America analysts believe that the annual volume of U.S. sports-related event contracts could grow to $1.1 trillion and that this activity could generate $10 billion in annualized revenue for prediction market platforms, Bloomberg reported Thursday (April 9), citing a report by the bank’s analysts. That potential figure...
Household spending is still advancing, but income isn’t keeping up anymore. The latest economic data and PYMNTS Intelligence reporting show households continuing to transact and absorb higher prices, but with less support from paychecks and more reliance on financial workarounds that don’t necessarily show up...
America’s service economy expanded last month amid a sharp uptick in input prices and shrinking employment levels. That’s according to the Institute for Supply Management’s (ISM) Services PMI Index, released Monday (April 6) and showing that the measure of prices paid for services and materials...