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Prediction Market Kalshi Hits $2 Billion Valuation in New Funding Round
Market Updates

Prediction Market Kalshi Hits $2 Billion Valuation in New Funding Round

Kalshi, a startup prediction market that became a popular way to bet on the November election, said Wednesday that it had been valued at $2 billion in a new funding round, a vote of confidence in its...

  • June 25, 2025 12:32 PM PDT
  • EODHD
US prohibits certain deals with three Mexican banks under fentanyl sanctions
Market Updates

US prohibits certain deals with three Mexican banks under fentanyl sanctions

(Reuters) -The U.S. Treasury on Wednesday prohibited certain transactions involving Mexico-based CIBanco, Intercam Banco, and Vector Casa de Bolsa as part of its fentanyl sanctions. "These orders are...

  • June 25, 2025 12:31 PM PDT
  • EODHD
Boy, that escalated quickly!
Economy

Boy, that escalated quickly!

So said Will Ferrell’s character, Ron Burgundy, in the film Anchorman. It’s a quote that has seemed apposite on many occasions since Donald Trump’s inauguration as US President back in January. From tariffs and trade wars to NATO disengagement and a refusal to aid Ukraine in expelling its Russian invaders, President Trump has piled in […]

  • June 25, 2025 12:08 PM PDT
  • Invezz
Fannie Mae and Freddie Mac to count crypto as mortgage asset
Market Updates

Fannie Mae and Freddie Mac to count crypto as mortgage asset

Investing.com -- U.S. Director of Federal Housing FHFA William Pulte directed Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) on Wednesday to prepare their businesses to recognize cryptocurrency as a...

  • June 25, 2025 11:54 AM PDT
  • EODHD
Crypto to count toward mortgages at Fannie Mae and Freddie Mac - Pulte
Market Updates

Crypto to count toward mortgages at Fannie Mae and Freddie Mac - Pulte

Crypto to count toward mortgages at Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) - Pulte

  • June 25, 2025 11:50 AM PDT
  • EODHD
RBC sees 40% upside in Biogen as pipeline momentum builds
Market Updates

RBC sees 40% upside in Biogen as pipeline momentum builds

Investing.com -- RBC Capital Markets raised its price target on Biogen (NASDAQ:BIIB) to $213 from $205, pointing to a broad set of advancing pipeline programs that could unlock as much as 40% upside f...

  • June 25, 2025 11:27 AM PDT
  • EODHD
Cheerios maker General Mills forecasts weak annual profit
Market Updates

Cheerios maker General Mills forecasts weak annual profit

STORY: Economic uncertainty has hit the Pillsbury Doughboy. Pillsbury parent General Mills forecast annual profit below expectations on Wednesday, due to weak demand for its snacks and cereals. U.S. P...

  • June 25, 2025 11:23 AM PDT
  • EODHD
Two investment banks seek freedom from US SEC analyst research settlement
Market Updates

Two investment banks seek freedom from US SEC analyst research settlement

By Jonathan Stempel NEW YORK (Reuters) -Piper Sandler and Stifel Financial (NYSE:SF) on Wednesday asked a judge to free them from "onerous" restrictions from the U.S. Securities and Exchange Commissio...

  • June 25, 2025 11:20 AM PDT
  • EODHD
Fed proposes easing leverage ratio rules for large banks
Market Updates

Fed proposes easing leverage ratio rules for large banks

Investing.com -- The U.S. Federal Reserve has proposed changes to ease the Enhanced Supplementary Leverage Ratio for large banks, potentially reducing capital requirements significantly. The proposal...

  • June 25, 2025 11:14 AM PDT
  • EODHD
Public Service Company of Oklahoma announces $800 million senior notes offering
Market Updates

Public Service Company of Oklahoma announces $800 million senior notes offering

Public Service Company of Oklahoma (NASDAQ:PSOK) announced it has entered into an underwriting agreement with Credit Agricole (OTC:CRARY) Securities (USA) Inc., MUFG Securities Americas Inc., SMBC Nik...

  • June 25, 2025 11:12 AM PDT
  • EODHD
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