business

Kalshi CEO Tarek Mansour Discusses Potential IPO Plans, Targeting 2027 or 2028 for Public Debut

06/24/2026, 07:36 AM business announcement

Kalshi's CEO Tarek Mansour announced that the prediction market platform is considering an IPO, although it will not occur this year. This potential move reflects the company's significant growth and evolving strategy to attract institutional investors.

Slate Auto Aims for Profitability with $24,950 Electric Pickup Truck, Plans Positive Cash Flow by 2027

06/24/2026, 05:37 AM business growth auto

Slate Auto aims to achieve profitability with its customizable electric pickup truck priced at $24,950, setting ambitious goals to reach positive cash flow by 2027, despite a challenging market for EV startups. The company's unique business model and product design may position it favorably against competitors facing significant financial struggles.

Wendy’s (WEN) shares surge over 16% amid retail investor enthusiasm and executive appointment

06/24/2026, 05:37 AM business stock_growth consumer retail Wendy's

Wendy's stock experienced a significant surge of over 16% in premarket trading, driven by retail investor interest rather than the recent appointment of a new CFO, indicating a potential meme-stock phenomenon.

Stocks Making Significant Moves Premarket: Cerebras, Micron, FedEx, Wendy’s, and More

06/24/2026, 05:37 AM business review Worthington Industries Micron FedEx KB Home Wendy's Take-Two Interactive

Premarket trading saw significant movements among various companies, with Cerebras and Worthington Enterprises facing declines after disappointing earnings, while Micron and Wendy's experienced gains amid positive market sentiment and potential short squeeze dynamics.

U.S. House Expected to Pass Bipartisan Affordable Housing Bill Aimed at Reducing Costs for Homebuyers

06/23/2026, 03:35 PM business announcement

The U.S. House is poised to pass a bipartisan affordable housing bill aimed at reducing costs for homebuyers and limiting institutional investors, which could significantly impact the housing market ahead of the 2026 midterm elections.

Stocks After Hours: FedEx Revenue Beats Expectations but Shares Drop; KB Home Surpasses Revenue Estimates; Cerebras Reports Loss; Nike CFO Transition

06/23/2026, 02:37 PM business review FedEx KB Home Nike

Several companies experienced significant stock movements after their latest earnings reports, highlighting the mixed performance across different sectors and the implications for investors.

CFTC Files Lawsuit Against Kentucky Over Prediction Market Regulations, Marking First Red State Scrutinized by Federal Agency

06/23/2026, 02:37 PM business announcement

The CFTC's lawsuit against Kentucky marks a significant escalation in the regulatory battle over prediction markets, highlighting the agency's commitment to asserting its jurisdiction against state-level actions that it views as encroaching on federal authority.

FedEx Reports Strong Earnings in Fiscal Fourth Quarter Amid Freight Business Spin-Off

06/23/2026, 01:37 PM business forecast transportation FedEx

FedEx's latest earnings report exceeded analyst expectations, marking a significant transition following the spin-off of its freight business, which has implications for its future growth and operational strategy.

Analysts JPMorgan value Amazon Prime (AMZN) membership at $1,437, suggesting potential for fee increases

06/23/2026, 12:37 PM business forecast Analysts: analysts, JPMorgan internet Amazon

JPMorgan's analysis reveals that Amazon Prime memberships are significantly undervalued at their current price, suggesting potential for increased fees as subscriber growth stabilizes. This insight is crucial for investors as it highlights Prime's role in Amazon's competitive strategy and revenue generation.

PGA Tour CEO Brian Rolapp Introduces Major Reforms to Professional Golf Structure

06/23/2026, 11:37 AM business announcement

The PGA Tour is set to implement a new competitive model starting in 2028, featuring two distinct tournament series aimed at enhancing competition and increasing prize money, which could significantly impact the landscape of professional golf.