EU alignment, welfare cuts, energy independence - here is a full rundown of the government's planned new laws.
Traders on prediction market platform Kalshi anticipate elevated gas prices for an extended period due to renewed US-Iran strikes and uncertainty in the Strait of Hormuz. Odds for prices above $3.50 on election day have risen significantly.
A significant options trade in the Russell 2000 IWM ETF, involving a $20 million strangle, suggests small-cap stocks may lead the next market move. This comes as tech stocks show signs of slowing momentum, with the Russell 2000 outperforming the Nasdaq-100 this year.
Oil prices dropped Thursday as mediators worked to prevent escalation between the US and Iran. Brent crude futures fell to $75.78 and WTI to $71.57, after earlier gains driven by US strikes and Iranian retaliation. Analysts suggest a "new normal" of skirmishes rather than a full closure of the Strait of Hormuz.
England defender Jarell Quansah has received a two-match ban for a red card offense against Mexico. The ban, issued by FIFA's disciplinary committee for serious foul play, will see him miss the quarter-final and a potential semi-final.
Anthropic has appointed former Federal Reserve Chair Ben Bernanke to its Long-Term Benefit Trust. Bernanke will advise the AI company on how AI impacts the economy, aiming to ensure AI's long-term benefits outweigh its risks.
Palo Alto Networks CEO Nikesh Arora stated that AI token costs need to decrease by up to 90% to enable widespread adoption. He highlighted current costs as a major barrier for businesses, suggesting a 90% reduction within two years. This follows similar concerns raised by other tech leaders about the financial strain of AI implementation.
