Meta creates a prediction markets app with a points system Meta CEO Mark Zuckerberg has directed a small team to develop a smartphone app similar to Polymarket and Kalshi. The app, internally referred to as Arena, will likely use a video game-like points system instea
Forced disenrollment of 2.9 million Medicare Advantage members creates a 63-day window to switch to Medigap plans without underwriting. Nearly 2.9 million Medicare Advantage members will lose their plans in 2026, triggering a 63-day guaranteed-issue period for Medigap poli
Bipartisan plan targets high earners to extend Social Security trust fund solvency without benefit cuts. Senators Elizabeth Warren and Bernie Moreno proposed lifting the payroll tax cap to bolster Social Security funding. The current $168,600 cap exempts earnings above tha
Iluka Resources secures a $1.15B government loan to build a rare earths refinery, alongside an offtake agreement with an automaker. Iluka Resources announced a A$1.65B ($1.15B) non-recourse loan from the Australian government to construct its Eneabba rare earths refinery i
Record revenue and EBITDA in Q2 2026 reflect resilient close-in demand and robust onboard spending despite geopolitical and fuel headwinds. Carnival Corporation reported Q2 2026 earnings exceeding March guidance by $100 million, driven by record revenue, yields, and EBITDA
Investors penalize Carnival for cautious guidance while peers Royal Caribbean and Norwegian show mixed reactions to earnings. Carnival (CCL) fell 6% to $28.41 after issuing weaker-than-expected forward guidance, overshadowing record quarterly revenue of $6.7 billion. The d
FDX fiscal Q4 results mark the first report following the spin-off of FedEx Freight, amid stock declines and sector pressure. FedEx (FDX) will release fiscal fourth-quarter earnings after Tuesday’s market close, its first report since completing a sweeping restructuring. T
Proceeds will fund a $300 million stock buyback and capped call hedges, signaling limited expected upside for HOOD. Robinhood announced plans to sell $2 billion in convertible senior notes maturing October 1, 2029, prompting a 2.2% decline in premarket trading. The offerin
Personal finance expert highlights opportunity cost of keeping savings in accounts earning below 3% interest. Women may forfeit up to $2,400 annually by keeping savings in low-yield accounts, according to personal finance analysis. A Vanguard survey found nearly half of wo
The settlement resolves claims that Hut 8 misled investors about its 2023 merger with U.S. Bitcoin Corp. Hut 8 will pay $2.35 million to settle a class action lawsuit alleging it misled investors during its November 2023 merger with U.S. Bitcoin Corp. The suit claimed the
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