Legal Battle Begins as Kalshi Faces Gambling Charges in Arizona A major legal challenge has opened for Kalshi after Arizona filed criminal charges accusing the prediction market platform of operating an illegal gambling business in the state. The case adds new pressure to a company already facing legal fights over whether its event contracts should […]
Stock Futures Rise as Oil Eases on Fresh Hope Around Hormuz Stock futures moved higher as oil prices pulled back slightly, giving markets a bit of relief after days of heavy tension. Investors have been watching the Strait of Hormuz closely because it remains one of the most important routes for global energy flows. Any […]
Iran Conflict Keeps Global Economy on Edge as Oil Risk Grows The economic impact of the Iran conflict is becoming harder to ignore as oil prices stay elevated and market nerves remain fragile. Brent crude has moved above $105 a barrel, while traders continue to watch the Strait of Hormuz, a route that normally handles […]
US Mortgage Rates Climb Again as Buyers Face Fresh Strain Mortgage rates in the United States have moved back above 6%, adding fresh pressure to the housing market just as the spring buying season starts. The average rate on a 30-year fixed mortgage rose to 6.11% for the week ending March 12, 2026, up from […]
US Sanctions North Korea IT Worker Network Over Crypto Laundering Claims The United States has imposed sanctions on a North-Korea linked IT worker network and several alleged facilitators across multiple countries. Officials say the scheme used fake identities and hidden employment arrangements to target companies, move money, and generate funds for the regime. The case […]
Iran War Puts Trump’s Market Message Under Pressure President Donald Trump has often pointed to a strong stock market as proof that his economic agenda is working. That argument is facing a tougher test now as the Iran war drives oil prices higher, shakes investor confidence, and raises new worries about inflation and growth. Reuters […]
China’s Technology Plan Shifts From Catching Up to Leading China is no longer framing its tech strategy around catching up with the United States. Its new five year plan makes that clear. Beijing is putting technology at the center of economic policy, with a stronger push into artificial intelligence, robotics, advanced chips, quantum research, 6G, […]
February Inflation Holds Steady as Oil Risk Clouds Outlook U.S. inflation stayed in line with forecasts in February, which gave markets a brief sign of stability. The bigger issue now is what comes next. Fresh tension in the Middle East has pushed oil prices higher, and that has shifted attention away from last month’s data. […]
IEA Approves Massive Oil Release as Iran Disruptions Raise Global Supply Fears The International Energy Agency has approved the release of 400 million barrels of oil from emergency reserves after supply disruptions linked to the Iran conflict shook global energy markets. The move is meant to calm prices, support supply, and reduce the risk of […]
CEO Jane Fraser Highlights Strong Q1 Growth in Banking and Trading Citigroup expects solid growth in its investment banking and markets divisions during the first quarter, according to CEO Jane Fraser. Speaking on Tuesday, Fraser said the bank anticipates mid-teens percentage growth in both investment banking fees and trading revenue. The outlook reflects strong client […]