Kalshi raises $1 billion at $40 billion valuation as it expands beyond prediction markets - Reuters

More in Finance

• Alphabet's stock falls 12%+, wiping a record $500B from its market cap, after reporting negative cash flow amid its AI spending; the Nasdaq falls 1.4%+ (Stephen Morris/Financial Times)

  Google's parent company struggled across multiple fronts as its quarterly sales and profits failed to meet expectations. The severe market backlash was triggered by heavy artificial intelligence expenditures that pushed the firm into negative cash flow territory. Furthermore, corporate leadership conceded that the aggressive pivot toward an "AI mode" has begun harming its core traditional search operations.

  1 min read
• US economy posts strong growth, inflation stubbornly high in challenge to Trump

  A surge in artificial intelligence investments and resilient consumer activity pushed third-quarter economic output past market forecasts, yet escalating living costs threaten to undercut these broader national gains. Surging retail energy expenses and aggressive tariff measures have accelerated key price metrics just as voters prepare for pivotal midterm congressional races. These divergent indicators highlight an increasingly uneven economic landscape that leaves working-class families strained despite rapid hea…

  6 min read
• Q2 October dividend champions: Infosys, Colgate, HUL, CPCL, Coal India | Big payouts - amount, record date

  Major Indian corporations across technology, energy, and consumer sectors are returning substantial capital to shareholders following their second-quarter earnings for the 2026-27 financial year. Market reactions to the double-digit payouts were predominantly positive across the board, lifting the share prices of most declaring firms. These distributions highlight strong corporate cash positions despite isolated stock pullbacks in the energy space.

  2 min read