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Kalshi and Polymarket.Gabby Jones | Bloomberg | Martin Lelievre | Getty ImagesVolume has exploded on prediction market platform Polymarket since its launch, with notable surges during the 2024 election and last fall. Yet the majority of closed individual markets on the site never surpassed $10,000 in reported volume.A CNBC analysis found that about 70% of all closed markets on Polymarket saw under $10,000 in reported volume from 2021 to the end of May this year, according to Polymarket’s Gamma API. The Gamma API records notional volume on both sides of the trade. Fewer than 10% of all closed markets attracted…
Electric vehicle makers Rivian Automotive and Lucid Group reported second-quarter delivery results Thursday with mixed results.Rivian raised its 2026 delivery guidance range after seeing stronger-than-expected demand for its electric vehicles during the second quarter, while Lucid missed Wall Street expectations and its new CEO Silvio Napoli announced a shakeup of the company’s leadership team.Rivian said it now expects to deliver between 65,000 and 70,000 vehicles this year, up from a prior forecast of between 62,000 and 67,000 units. Rivian stock rose roughly 6% in early trading Thursday.Stock Chart IconStock chart iconRivian, Lucid and Tesla stocksRivian also said Thursday it produced…
Silicom stock surges 9.7% on Needham upgrade to buy Source link
The company also noted that its supply chain emissions from its contracted manufacturers and suppliers actually grew by 25 percent because of “an Asia-Pacific supply chain operating on grids that remain undersupplied with carbon-free energy.” The carbon-free energy goal Google has been matching 100 percent of its electricity consumption with renewable energy purchases every year across its global operations, a practice that it has adopted for nine years running. In 2025, the company’s purchase agreements encompassing 12 gigawatts of “net-new clean energy” represented the largest annual total in the company’s history. But it also acknowledged that companies can merely claim…
Andy Burnham is meeting the leaders of the trade unions which help fund the Labour Party, as he looks for support ahead of his expected premiership.The meeting is being held at the headquarters of Unison, one of the 11 unions affiliated with the party, Unison sources have told the BBC.In a speech on Monday, his first since launching his bid to replace Sir Keir Starmer as prime minister, Burnham suggested he wanted local communities to be given “greater public control of essential services”.The GMB union is expected to raise this issue with Burnham, specifically on the ownership of water, as…
Dollar Pulls Back Ahead Of Employment, Led By Yen's Jump Source link
The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.The unemployment rate, however, dropped to 4.2%, where it has been since March, and slightly ahead of the 4.1% where it was a year ago. The move lower was largely due to a slump in the labor force participation rate, which dropped 0.3 percentage point to 61.5%.This is breaking news. Please refresh…
World Cup, 250th anniversary to help drive up July 4 travel even as high fuel prices bite Source link
Mark Zuckerberg, CEO of Meta, is seen in the U.S. Capitol after a meeting in the office of Senate Majority Leader John Thune, R-S.D., on Thursday, March 26, 2026. Tom Williams | CQ-Roll Call, Inc. | Getty ImagesMeta CEO Mark Zuckerberg appears poised to make a big bet on a potentially big market, but one that commands much slimmer margins than his company’s dominant online ad business. Cloud infrastructure has proven to be highly lucrative for hyperscaler peers Amazon, Microsoft and Google, and Zuckerberg has hinted of late that Meta could be headed in that direction. On Wednesday, CNBC’s Jim Cramer…
Morgan McSweeney tell’s Political Thinking with Nick Robinson about part of the first phone call between Prime Minister Keir Starmer and President Donald Trump.Sir Keir’s former chief of staff left his role in Downing St in early 2026.Listen to the full interview here. Source link