Prediction Markets Make the World a Casino. . .Nine Crypto Whales Dominate Polymarket Disputes Worth Billions...New Fed Chair Warsh Is Doomed to Break With His Campaign Pitch

        

 

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Watch: Fresh Clashes Highlight US-Iran Tensions Despite Talks Progress

U.S. and Iran Clash Near Hormuz as Talks Go ‘Back and Forth’

The US military said it conducted self-defense strikes in southern Iran, targeting missile-launch sites and boats attempting to lay mines.

CL1

2.89%

CO1

4.10%

Markets Wrap

Stocks Rise Toward Record as Iran Peace Hopes Hold

Iran’s Khamenei Says No Going Back for Middle East Rocked by War

Israel to Intensify Lebanon Strikes Amid US-Iran Deal Talks

Toxic Fumes From Tehran Oil Fires Affected Area Size of Italy

Chris Ratcliffe/Bloomberg

 

 

 

 

 

 

BP Fires Board Chair on Governance Concerns Only Months Into Job

Albert Manifold’s sudden exit prolongs a period of leadership turmoil at a moment when BP was supposed to be turning itself around.

 

 

BP

4.96%

Watch (10:57)

What Went Wrong for BP

Bessent Has Limited Options to Halt Climb in Treasury Yields 

 

The $31 trillion Treasuries market has appeared less than soothed since Trump took the US to war against Iran 12 weeks ago.

Related

US Consumer Confidence Eases as Inflation Worries Mount

The Bond Investor Who Stuck With Venezuela Is Now Reaping Reward

The AI Race

Heavy Job LossesStanChart CEO ApologyChina’s AI Talent Travel Curbs

Qilai Shen/Bloomberg

Exclusive

China Expands Travel Curbs to Top AI Talent at Private Firms

Exclusive

Musk’s xAI Warns Staffers to Limit Contact With Cursor Employees

These AI Gurus Are Charging Wall Street Banks $25,000 a Day

Bloomberg Opinion

New Fed Chair Warsh Is Doomed to Break With His Campaign Pitch

By Jonathan Levin, Columnist 

 

 

 

 

 

Bring Back the ‘1990s Summer.’ Moms Need It

By Abby McCloskey, Columnist

SpaceX Writes Tesla’s Future in the Stars

By Liam Denning, Columnist

Ferrari’s $640,000 EV Is Quite a Stretch

By Chris Bryant, Columnist

 

 

 

 

Barnes & Noble's Improbable Revival

Businessweek

How Barnes & Noble Became Private Equity’s Most Radical Retail Experiment

Analysis

Nine Crypto Whales Dominate Polymarket Disputes Worth Billions  

 

 

 

The company has delayed efforts to revamp the voting process it uses for resolving thousands of prediction market disputes 

 

Watch (12:39)

Prediction Markets Make the World a Casino

Becki Moss/Bloomberg

The Big Take

The World’s Most Extreme Housing Boom Is Now Roiling an Entire Economy

New Zealand's downturn shows the difficult trade-offs governments face in trying to restore home affordability.

Explainer

How Australia’s Housing Market Became So Out of Reach

Texas Voters Get Last Say After Trump Backs Paxton in Runoff

How To

How to Travel in the Summer of Chaos

First Brands Hit by $286 Million Claim for Alleged Tariffs Fraud

Review

Google’s Fitbit Air Gives Whoop Some Serious Competition

SpaceX IPO

SpaceX IPO Requires a Leap of Faith in AI, Musk and Mars

Musk Could Earn $760 Billion From His SpaceX Pay Packages

Meet the Musk Allies Set to Be Billionaires After SpaceX IPO

Explainer

What to Know About the SpaceX IPO

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• Africa

  • Kenya Plans $772 Million Green Bonds to Boost Agriculture Output

    
  • Kenya in Talks With Karpowership for Emergency Power Supply

    
  • S. Africa President Files Papers Contesting Cash-in-Sofa Report

    
  • Senegal’s Dismissed Premier Sonko Elected Speaker of Parliament

    
  • Ethio Telecom Lists on Bourse, Marking Ethiopia’s First IPO

    
• Energy

  • Revel to Merge With EQT-Backed Voltera, Uniting EV Charging Networks

    
  • Altman-Backed Nuclear Firm Oklo Rises on US Reactor Fuel Program

    
  • Toxic Fumes From Tehran Oil Fires Affected Area Size of Italy

    
  • US Natural Gas Rises on Lower Output, Higher Flows to LNG Plants

    
  • Bessent Has Limited Options to Halt Climb in Treasury Yields

    
• AI

  • Musk’s xAI Warns Staffers to Limit Contact With Cursor Employees

    
  • Google’s Fitbit Air Gives Whoop Some Serious Competition

    
  • Bank of Canada Warns Low Hire, Low Fire Job Market Creates ‘Inertia’

    
  • Wall Street’s AI Winner Hunt Leads to Seasoning Maker in Japan

    
  • Crypto Exchange OKX Makes AI Skills a Part of Worker Evaluations

 

 

 

 

Bloomberg Businessweek

Scott Semler for Bloomberg Businesweek . Prop Stylist: Maggie DiMarco

America Can’t Produce Enough Honey

Honey has emerged as a favorite sweetener of the “clean eating” crowd. The surge in demand could help turn around the US bee industry — if it can keep up.

By Ilena Peng

 

 

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