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The White House warned staffers not to use insider information to place bets on prediction markets as critics grow suspicious of lucrative trading activity around the Iran war. A White House official confirmed to The Post that the warning was sent to all staffers in an email from the White House Management Office on March […]
The Iowa Senate has signed off on a bill that would bring new rules and taxes to a fast-expanding corner of finance often called prediction markets. Lawmakers approved Senate File 2470 on Tuesday (March 31), making it the first time a state legislative chamber has moved to formally regulate this type of trading. The proposal […]
Minutes before Donald Trump posted a market-moving message on Iran, trading volumes in S&P 500 futures and oil markets suddenly surged. The spike was sharp, concentrated, and unusually well-timed. To outside observers, it raised an obvious question. Was this some kind of fluke, sharp analysis, or something closer to inside information? 🇺🇸 Just minutes before […]
In the 1983 film Trading Places, two wealthy brothers set out to rig the commodities market by getting their hands on a secret government crop report. Eddie Murphy’s character uses that stolen preview to trade ahead of everyone else and cash in big. Moviegoers were meant to see it as brazen and clearly illegal. Except […]
Shares of Bob’s Discount Furniture barely budged on the New York Stock Exchange on Thursday after the company priced its initial public offering at $17 per share. That price was within Bob’s expected range of $17 to $19 per share and valued the company at about $2.22 billion. The stock, trading on the NYSE under […]
Versant Media Group, the portfolio of cable TV networks and digital assets spun off by Comcast, joined the small cohort of public media companies Monday as the industry reckons with ongoing disruption. Versant began trading on the Nasdaq under the ticker symbol “VSNT,” opening at $45.17 per share. The company’s so-called when-issued stock — a […]
Row of single-family detached houses in Alexandria, Virginia. Grace Cary | Moment | Getty Images A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors […]
Mikie Sherrill, once comfortably ahead in the New Jersey governor’s race, has been getting plenty of attention over her stock trading lately, and not in a good way. Her fellow lawmakers should take note if they also have aspirations for higher office. The Democratic New Jersey congresswoman seemed like a shoo-in to succeed Phil Murphy […]
Trading cards of the game “Magic” are located in a shop where a “Magic” tournament is taking place. Frank Rumpenhorst | picture alliance | Getty Images As screentime soars and technology races ahead, a low-tech pastime is back in a big way: collecting trading cards. The cardstock depicting everything from NFL standouts to PokĂ©mon and […]
Pakistan’s cybercrime agency has released a list of gambling entities, trading platforms, and apps that it considers illegal entities. The National Cyber Crime Investigation Agency (NCCIA) has compiled the forty-six named applications, sites, and platforms as it believes they are a risk to users and their data. NCCIA publishes a list of banned operators Aviator […]
