Markets
OpenAI Is Reportedly Delaying Its IPO. Here’s When Kalshi Traders Think It Will Announce
OpenAI’s IPO timeline is shifting, and prediction market traders on Kalshi are already pricing in their best guesses on when it arrives.
Author
The Fiscalist
Corporate
Tesla and Waymo Duel in the Robotaxi Race — But the Company Spending the Most Builds No Cars at All
Tesla and Waymo dominate robotaxi headlines, but a third contender with no vehicle manufacturing is outspending them both.
Markets
U.S. Stock Market Sees First Outflow Since March, Raising Fears of a Risk-Off Summer
U.S. equity funds recorded their first outflow since March, signalling a potential shift in investor sentiment as summer approaches.
Economy
Germany Flash Manufacturing PMI Rises to 4-Month High of 43.2, Signalling Slower Decline
Germany’s flash manufacturing PMI climbed to a 4-month high of 43.2 in June, suggesting the sector’s contraction may be losing momentum.
Markets
India’s Rupee Hits Record Low as Modi Government Resists RBI Intervention Pressure
The Indian rupee sank to a record low near 87.6 per dollar as the Modi government resists calls for aggressive RBI intervention.
Policy
Swiss National Bank Cuts Interest Rates by Half a Point to 0.5% in Aggressive Easing Move
The Swiss National Bank slashed its policy rate by 50 basis points to 0.5%, its most aggressive cut in years, citing easing inflation.
Investing
Fed’s Higher for Longer Is Breaking the 60/40 Portfolio — Advisors Are Hunting for Alternatives
Rising rates are undermining the classic 60/40 portfolio. Advisors are turning to alternatives as bond-equity correlation breaks down.
Investing
Bond ETF Flows Surge in Hunt for Yield: ‘Market Sniffing Out Something Here,’ Says BlackRock Exec
Bond ETF inflows hit record levels as investors pile into fixed income, with BlackRock warning the market may be signaling a major rate shift.
Markets
Kalshi Promo Code NYPMAX: Trade $10, Get $15 Bonus for Czechia vs. Mexico World Cup Match
Kalshi is offering a $15 bonus for new users who trade $10 on Czechia vs. Mexico using promo code NYPMAX.
Investing
Warren Buffett’s $325 Billion Cash Pile Draws Scrutiny as Berkshire Hathaway Annual Meeting Looms
Berkshire Hathaway’s record $325 billion cash reserve sparks investor debate ahead of Buffett’s annual shareholder meeting in Omaha.