US derivatives watchdog probes predictions market Polymarket
States and consumer advocates call for more oversight of rapidly growing venue
Economic news
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‘Tit-for-tat’ trade warfare threatens global economy, says IMF chief economist
Pierre-Olivier Gourinchas, who is leaving the fund, warns attempts to gain small advantages will be ‘self-defeating’
SpaceX bonds sell off days after AI and rocket group’s $25bn debt deal
Yields move towards levels commonly associated with junk-rated companies
S&P 500 notches longest losing streak in 10 months as chipmakers slide
Software stock-led recovery proves fleeting as Wall Street’s main indices fall for fifth consecutive session
Ill-timed deregulation is weakening bank resilience
Thoughtful, fundamental reform is needed in finance, not an industry checklist