Key Points
- The deal is expected to value prediction Polymarket between $8 billion and $10 billion, the report said.
- The report comes as prediction markets become more mainstream.
NYSE-owner Intercontinental Exchange rises on report of $2 billion Polymarket stake
Finance
World Bank raises China growth forecast to 4.8% despite U.S. trade tensions
Key Points The World Bank predicts China’s economy will grow by 4.8% this year. It had forecast 4% growth in April, when the U.S. briefly ramped up tariffs on Chinese imports to more than 100%. The bank projects China’s GDP growth to ease to 4.2% in 2026, partly due to a slowdown in exports growth. […]
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Finance
Stocks making the biggest moves midday: Critical Metals, Comerica, Advanced Micro Devices, Abercrombie & Fitch and more
Check out the companies making the biggest moves midday: Verizon Communications — The New York-based telecom provider sank nearly 4% after CEO Hans Vestberg stepped down , replaced by independent lead director and former PayPal CEO Dan Schulman. Starbucks — The global coffee chain dropped almost 4% after a late September series of North American […]
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