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A Kalshi advertisement at a bus stop in Washington, DC, US, on Thursday, March 19, 2026.Daniel Heuer | Bloomberg | Getty ImagesPrediction market platform Kalshi said Wednesday it had suspended and fined three candidates for Congress from Minnesota, Texas and Virginia for “political insider trading” activity on their own campaigns.Kalshi said in a statement that all three candidates “were flagged because of our newly released safeguards to block political candidates from trading on their own elections.”The sanctioned candidates were Mark Moran, who had been a candidate in Virginia’s Democratic primary for the Senate before deciding to seek the seat as…
Conservative party leader Kemi Badenoch visits the Well-Safe Protector Oil Rig at Aberdeen’s South Harbour, on March 30, 2026 in Aberdeen, Scotland.Paul Reid | Getty Images News | Getty ImagesU.S. President Donald Trump has renewed his criticism of Britain’s energy policy, deriding the ruling center-left Labour government’s decision to ban licenses for new oil and gas fields in the North Sea.”Europe is desperate for Energy, and yet the United Kingdom refuses to open North Sea Oil, one of the greatest fields in the World. Tragic!!!” Trump said Tuesday in a Truth Social post.”Aberdeen should be booming. Norway sells its North…
IBM CEO Arvind Krishna appears at a Diwali celebration in the Oval Office of the White House in Washington on Oct. 21, 2025.Allison Robbert | Bloomberg | Getty ImagesIBM shares slipped 6% in extended trading on Wednesday after the hardware, software and consulting provider reported stronger-than-expected first-quarter results but maintained full-year guidance.Here’s how the company did in comparison with LSEG consensus:Earnings per share: $1.91 adjusted vs. $1.81 expectedRevenue: $15.92 billion vs. $15.62 billion expectedIBM’s revenue grew 9% year over year in the quarter, according to a statement. Net income of $1.22 billion, or $1.28 per share, increased from $1.06 billion,…
JPMorgan hires two top technology bankers from Bank of America, memo says Source link
Elon Musk waves to the crowd during the 56th annual World Economic Forum (WEF) meeting in Davos, Switzerland, January 22, 2026. Denis Balibouse | ReutersTesla reports first-quarter results after the bell on Wednesday. Here’s what Wall Street is expecting, according estimates compiled by LSEG: Earnings per share: 37 cents estimatedRevenue: $22.64 billion estimatedTesla has underperformed all of its megacap peers on Wall Street so far this year, with the stock down 14% as of Tuesday’s close, weighed down by lackluster sales in the company’s core automotive business. The S&P 500 is up more than 3%. Analysts expect revenue growth of…
Labour MPs say that while the prime minister is unpopular, a contest is unlikely as there isn’t a candidate ready to replace him. Source link
Evan Greenberg, president and chief executive officer of Chubb Ltd., arrives for the morning session of the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, U.S., on Wednesday, July 10, 2019. Patrick T. Fallon | Bloomberg | Getty ImagesChubb’s stock is falling on Wednesday despite a big earnings beat and a slew of price target increases by Wall Street analysts.Instead of focusing on those numbers, investors are spooked by signs of a softening property insurance market, with competition increasing and rates declining. On Wednesday’s earnings call, CEO Evan Greenberg noted those pressures by calling the aggressive lowering of…
U.S. Treasury Secretary Scott Bessent arrives to testify during a Senate Committee on Appropriations, Subcommittee on Financial Services and General Government hearing in the Dirksen Senate Office Building on April 22, 2026 in Washington, DC. Chip Somodevilla | Getty ImagesTreasury Secretary Scott Bessent said Wednesday that “many” oil-rich U.S. allies in the Persian Gulf have requested a financial backstop amid economic turbulence from the war with Iran. Bessent’s comments go further than White House assertions to CNBC on Tuesday, where an official said the U.S. had not yet been formally asked to establish a currency swap line by the United…
Rivian founder and CEO RJ Scaringe on April 22, 2026 drives the first customer-ready electric R2 SUV off the assembly line at the company’s plant in Normal, Illinois.Courtesy RivianRivian Automotive on Wednesday said it has started production of its new R2 all-electric vehicle for customers at its plant in Normal, Illinois.The start of production is a crucial milestone for the company ahead of customer deliveries, which are scheduled for later this spring. Investors will be watching for the company to ramp up production for the foreseeable future.Rivian expects the R2 — an updated, less expensive EV that looks like its…