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CFTC clears stock perpetual futures for trading on US exchanges
US regulators are opening the door to stock-based perpetual futures, extending a popular crypto trading product into traditional markets amid ongoing legal disputes.
Saudi Aramco Profit Jumps Despite Damaging Attacks on Pipelines and Refineries
Saudi Arabia’s state-owned oil company posted a 9 percent increase in third-quarter profit on Tuesday.
Bullish
Musings on Markets — Aswath Damodaran·The Anthropic Feedback Loop: The Cost of Capital Delusion and Diversion!
I knew that my post on Anthropic would draw strong reactions, when I made it public last week. I did mention in the course of the post that I have no interest in selling my estimate of value to the rest of the world, both because I don't own the high ground here and because it is meant to guide my decisions, not yours. That is why I made my model open to changes that you can make to my story and…
Neutral
Business deals’ record year
Bullish
Andy Burnham to unveil EU trade deals worth billions of pounds
Agriculture, youth visas and emissions agreements nearly tied up under PM’s plan for a much closer relationship with Brussels The UK-EU food produce deal: what was agreed and will it affect shoppers? Andy Burnham is preparing to announce billions of pounds of trade deals with the EU covering everything from youth visas to pet passports under his vision of a much closer relationship with the…
Hiring slowed in December, defying Federal Reserve's effort to boost labor market
Bullish
Crypto Docs Host GitBook Hit by AI Agent Security Breach, Urges Users to Rotate Keys
GitBook says attackers accessed infrastructure credentials in an AI-assisted breach, prompting a shutdown and emergency token resets.
Researchers warned of North Korean hacking tactics years before record $6.3B Binance heist
Cybersecurity experts have long warned of the persistent and patient threat from North Korea's long-running hacks. The world's largest crypto exchange was still caught off-guard.
Bullish
US midterms: Prediction markets favor Democrats in key crypto races
Kalshi and Polymarket price a 75% chance of a Democratic sweep, days after markets misjudged Brazil’s runoff.
AI inference startup Fal doubles its valuation to $16B as demand surges
The five-year-old startup raised a $1.3 billion round led by Bessemer.
Bullish
3 Stocks That Did Well the Last Time the Fed Raised Rates Aggressively
Ireland fact of the day
Almost half of Ireland’s corporation tax haul comes from just three companies: Apple, Eli Lilly and Microsoft. Here is much more from Jude Webber at the FT, on why Ireland does not always feel or operate like a wealthy country. The post Ireland fact of the day appeared first on Marginal REVOLUTION.
Moving $1M+ VTSAX from Vanguard to Fidelity. Any regrets?
I have about 8,000 shares of VTSAX (just over $1M) in a taxable account. I’m thinking about converting them to VTI and moving to Fidelity. The reason is Vanguard’s customer service. It’s been inconsistent for the past few years. If you’ve…
Reddit tests ads in search results as traffic declines and growth concerns mount
The new ad placements could help Reddit squeeze more revenue from existing users as Google's AI search changes how people discover its content.
GOOGLBearish
CFTC Lets Traders Bet on Stocks With Crypto-Style Perpetual Futures
Chairman Michael Selig said “equity perpetual futures” can now trade on CFTC-registered exchanges, extending a crypto-native instrument to traditional stocks.
Trading Space stocks this year
Job openings posted big September gain in positive sign for labor market ahead of payrolls report
The BLS reported job openings at 7.52 million, up 333,000 from August and well above the Dow Jones consensus outlook for 7.15 million
^DJIBullish
Why are fridges being hacked and what could be next?
Supermarket fridges and freezers in several European countries have malfunctioned after a reported cyber-attack, with their thermostats remotely cranked up. It is unclear who is behind the latest apparent attack but the EU has condemned what it said was ‘a deliberate attempt to disrupt our food supply’. It comes as the UK’s cybersecurity body warns AI-powered malicious software is ‘highly…
Bearish
Ten years later, ‘Pokémon Go to the polls’ still haunts the internet
Hillary Clinton's 2016 political gaffe has become an irony-shrouded rallying cry for jaded young voters who still dare to hope for change.
Ferrari’s controversial Luce EV is sold out for 2027
The Luce, Ferrari's first electric car and one of its most polarizing models, is "fully allocated" through 2027, according to CEO Benedetto Vigna.
Franklin Templeton's Perkins sees crypto moving beyond rates
Netflix’s new AI Discover tab helps you find something to watch based on your mood
The first experimental feature under the tab will allow users to get recommendations based on what they're currently in the mood for.
Organigram To Acquire Aurora Cannabis For $401 Million
How to divest efficiently from concentrated position
I have a single company holding across multiple accounts including taxable brokerage and post tax, Roth. In some cases it is very much appreciated in value. In others less so. If I’m looking to divest out slowly to mitigate capital gains…
Bullish
The Guardian view on Labour’s growth obsession: a different economics is possible
The latest edition of Radical Thinking, the Guardian’s new podcast, should be required listening at a Treasury still stifled by outdated orthodoxies As prime ministers have come and gone at bewildering speed in recent years, the search for elusive economic growth has become the overriding fixation of the British political class. In the lead-up to the 2024 general election, Sir Keir Starmer…
Bullish
Prediction markets bet on Democratic sweep of House, Senate in midterm elections
Ahead of polls closing across the U.S., bettors on prediction markes are increasingly pricing in Democrats taking both the House and Senate.