Half of ‘long shot’ Polymarket bets on military action are successful
High rate of winning wagers likely to add to concerns that sensitive information can leak on prediction markets
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Google outpaces Big Tech rivals as AI spending plans rise to $725bn
Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft
Starwood real estate fund halts redemptions as bet on lower interest rates bites
Move comes after fund restricted investors’ liquidity rights two years ago
SoftBank plans to list new AI and robotics company in the US
Masayoshi Son plots IPO for business named Roze as soon as this year
Bill Ackman’s Pershing Square slides on Wall Street debut
Weak investor demand hits hedge fund chief’s scaled-back double offering
Oil tops $120 as Trump signals extended Hormuz stand-off
Brent crude rises for eighth-straight day as US president says he will keep naval blockade in place