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Last year alone, some 1.7 million people bought a ticket to a show at the Sphere, generating $379 million for the venue.
The Commodity Futures Trading Commission is seeking a declaratory judgment that it has exclusive authority to regulate the prediction markets, according to a lawsuit filed Friday.
The U.S. Commodity Futures Trading Commission sued New York on Friday, accusing the state of invading its authority to regulate prediction markets by filing lawsuits accusing Coinbase Financial Markets and Gemini Titan of promoting gambling.
Marley Kayden ends the trading week with Friday's final takeaways centered on macro movers. She talks how the Department of Justice ending its probe into Fed Chair Jerome Powell, along with an uptick in consumer sentiment, mold moves under the surface of Wall Street.
Plus, the Trump administration brings back firing-squad executions, and startup cowboys come to Texas.
The GOP is about to make a big mistake
Investment bank Lincoln International filed for an initial public offering in the United States on Friday.
Michael Bologna, Bloomberg Industry Group senior tax correspondent, joins Scarlet Fu on "Bloomberg Real Yield." Democrats around the country are pushing forward on plans to tax the rich — moves that are supportive for the tax-exempt municipal-bond market.
Castelion, a small California defense startup, has won a $105 million U.S. Navy contract to ready its Blackbeard hypersonic missile for use aboard the Navy's carrier-based F/A-18 fighter jets, clearing the way for the weapon to move from the laboratory toward the battlefield next year.
Consumer sentiment just hit its lowest level on record—even lower than during the pandemic. So why are markets still holding up?
Fmr. Fed Pres. Richard Fisher joins 'Closing Bell Overtime' with reaction to the investigation into Fed Chair Powell being dropped, what to expect from a possible Warsh-led Fed, and more.
The Democratic governor of Maine, Janet Mills, vetoed a bill that would have made it the first U.S. state to impose a moratorium on large new data centers, saying the move would have disrupted jobs tied to a project already underway.
X-Energy's stock soared out of the gate after the AI-power play's upsized IPO priced well above the expected range. But how a stock starts out doesn't dictate how it will perform over the longer term.
U.S. Attorney for the Washington D.C. District Jeanine Pirro said Friday she would drop an investigation into the Fed.
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec. -------- More on Bloomberg Television and Markets Like this video?
Brazil has blocked prediction market platforms and tightened derivatives rules to curb "bet-like" products, Finance Minister Dario Durigan said on Friday, arguing such markets breach betting regulations approved by Congress.
Warsh, who is on track to succeed current Chair Jerome Powell, wants to lower interest rates and shrink the Fed's balance sheet. Inflation may get in the way.
Consumers are already feeling the effects of the closure of the Strait of Hormuz with energy prices surging around the world. But what if the crisis is signaling a longer-term global power shift?
In this episode of The Deal, Kara Nortman breaks down for Alex Rodriguez and Jason Kelly how Monarch, her private equity firm, became the first PE firm approved to invest in the WNBA and why they chose Cleveland as their team -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more.
Funds that specialize in credit research, adding return without taking lots of duration risk, are a better bet than run-of-the-mill bond ETFs.