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Regulators' proposed prediction markets rules ban trading on terrorism, assassinations

06/10/2026, 02:31 PM business

The Commodity Futures Trading Commission (CFTC) has proposed new rules to regulate prediction markets, focusing on preventing contracts related to terrorism, assassinations, and war, while allowing some sports-related contracts. This move is significant as it aims to establish a regulatory framework amidst growing concerns about the integrity and legality of these markets.

U.S. Inflation Hits 4.2% in May 2026 Amid Rising Energy Costs from Iran War

06/10/2026, 02:31 PM business forecast finance energy

The consumer price index rose to 4.2% in May 2026, the highest annual inflation rate since April 2023, driven primarily by rising energy costs due to the ongoing Iran war. This inflation spike raises concerns about potential Federal Reserve interest rate adjustments in response to economic conditions.

Inflation Rises to 4.2% in May, Experts Advise on Best Savings Options

06/10/2026, 01:32 PM business forecast

With inflation rising to 4.2% in May, investors are urged to reconsider where they keep their cash to avoid losing purchasing power. Financial experts recommend various savings vehicles that can offer better returns than traditional savings accounts.

Stocks Making Significant Moves in Premarket Trading: Super Micro Computer, Cracker Barrel, Nike, and Others

06/10/2026, 12:32 PM business review AMD Micron Technology Oracle Super Micro Computer Chewy Cracker Barrel Old Country Store Nike Broadcom

Premarket trading saw significant movements, with Super Micro Computer's shares dropping 12% due to a planned $7 billion equity raise, while Cracker Barrel's stock surged nearly 11% after exceeding revenue expectations and raising guidance.

Optimism Grows in U.S. Stock Market Following Tuesday’s Volatile Sell-Off Ahead of Oracle’s Earnings Report

06/10/2026, 12:32 PM business forecast finance software Oracle

Investors are cautiously optimistic as the U.S. stock market faces a critical day with CPI inflation data and Oracle's earnings report, following a volatile trading session. The market's response to these events could influence sector performance and investor sentiment.

Weekly Mortgage Demand Increases by 10.8% Amid Fluctuating Interest Rates

06/10/2026, 11:32 AM business growth finance

Mortgage application volume increased by 10.8% last week, indicating a strong demand from both homeowners and potential buyers despite rising interest rates. This surge may represent a final push in the spring housing market before the summer slowdown.

Pandemic-Induced Car Shortages Continue to Drive Up Prices for New and Used Vehicles

06/10/2026, 11:32 AM business review auto

The ongoing effects of the Covid-19 pandemic continue to inflate car prices in the U.S. market, impacting both new and used vehicles due to significant supply shortages. This situation is likely to persist, affecting consumer purchasing power and market dynamics.

General Motors Expands Battery Chemistry Initiatives to Enhance AI Data Center and Energy Storage Operations

06/09/2026, 09:31 PM business announcement energy General Motors

General Motors is strategically expanding its focus on energy storage and data centers by developing new battery technologies, which could significantly impact its market position and customer offerings in the electric vehicle sector.

LIV Golf CEO Scott O’Neil expresses confidence in Saudi Arabia’s Public Investment Fund support amid funding challenges

06/09/2026, 06:33 PM business fundraising

LIV Golf's CEO Scott O'Neil expressed confidence in the continued financial support from Saudi Arabia's Public Investment Fund (PIF) despite concerns about a potential funding cliff approaching at the end of the 2026 season. The organization is actively seeking to raise $350 million to sustain its operations amid uncertainty about PIF's future involvement.

Social Security Administration warns of potential depletion of retirement trust fund by 2032

06/09/2026, 04:33 PM business forecast

The Social Security Administration's latest report indicates that the trust fund supporting retirement benefits may be depleted by 2032, leading to significant reductions in benefits for retirees. This development raises concerns about the program's long-term viability and the need for legislative action to address potential shortfalls.