Wall Street
Kalshi bettors see Powell staying on as Fed governor after chair term ends
Key Points Bettors on Kalshi think there’s just a 30% chance Powell leaves by June. On Polymarket, bettors think there’s an 87% chance he leaves between May 15 and May 22. Powell will address reporters after the Fed meeting today, where he is expected to be asked about his future as a governor. Source
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Bill Ackman’s $5 billion Pershing Square IPO to start trading, testing Berkshire-style vision
Key Points The Pershing Square Capital Management founder’s combined initial public offering raised $5 billion, pricing at the low end of expectations. The transaction creates two separately traded entities on the New York Stock Exchange: closed-end fund Pershing Square USA Ltd., which will trade under the ticker PSUS, and asset manager Pershing Square Inc., listed […]
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Startup Blockworks wants to become the crypto equivalent of Morningstar. How it plans to do it
Key Points Blockworks wants to become a dominant data provider in the world of cryptocurrency and tokenized assets, according to co-founder Jason Yanowitz. The firm anticipates using the proceeds of its latest fundraising round extension to snap up some of its rivals and grow its footprint. “Crypto has a trust problem, and it is two-sided,” […]
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Stocks making the biggest moves after hours: Robinhood, Booking Holdings, Starbucks, Visa & more
Check out the companies making headlines after the bell : Booking Holdings — Shares fell nearly 4% after the travel technology platform lowered its full-year adjusted earnings per share growth to the “low to mid-teens,” down from prior estimates in the “mid-teens,” citing lagging impacts from the Middle East conflict through the end of June. […]
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OpenAI reportedly missed revenue targets. Shares of Oracle and these chip stocks are falling
In this article SFTU-FF SFTU-FF CRWV Follow your favorite stocksCREATE FREE ACCOUNT OpenAI CEO Sam Altman speaks during the BlackRock Infrastructure Summit on March 11, 2026 in Washington, DC. Anna Moneymaker | Getty Images Shares of companies tied to artificial intelligence infrastructure tumbled in early trading Tuesday after a report that OpenAI has fallen short […]
Read MoreHow Lloyd Blankfein stopped trying to fit in — and learned to lead as himself
At the start of his career, Lloyd Blankfein made a decision that would define the way he led — stop trying to fit in. In this episode of Executive Decisions, the former Goldman Sachs CEO reflects on growing up in public housing in Brooklyn, arriving at Harvard as an outsider and learning that authenticity was […]
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Stocks making the biggest moves after hours: LendingClub, Nucor, Rambus, Bed Bath & Beyond and more
Check out the companies making headlines after the bell : Bed Bath & Beyond — The home goods retailer surged 31% after reporting first-quarter revenue of $247.8 million, beating the $240.1 million analysts polled by FactSet had expected. The company also posted an adjusted loss of 25 cents per share, narrower than the 28-cent loss […]
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Ray Dalio says Kevin Warsh shouldn’t cut interest rates in a ‘stagflation’ era
Key Points The founder of Bridgewater Associates said persistent inflation pressures alongside slowing growth create a backdrop that demands caution from policymakers. “We are certainly in a stagflationary period,” Dalio said Monday on CNBC’s “Money Movers.” Source
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