New York Attorney General Letitia James has filed a lawsuit against prediction market Kalshi, accusing it of running an unlicensed gambling business and seeking to halt its operations and impose financial penalties.
The credit rating agency lowered its rating on approximately $3.1 billion of the cruise operator's debt to Ba1 from Baa2 after a collateral release provision was triggered, rendering the notes unsecured.
An analysis by Investing.com using strict financial filters has identified six large-cap U.S. companies, including Nvidia and Eli Lilly, that exhibit strong characteristics for long-term compounding based on revenue growth, profitability, and financial health.
Apple Inc. reported fiscal third-quarter earnings and revenue that surpassed Wall Street estimates, but its stock declined after issuing a disappointing sales outlook for the current quarter, citing supply chain and currency pressures.
Shares in the Spanish infrastructure and energy firm fell after its first-half net profit dropped 84.3% to €83 million, driven by a loss in its renewable energy unit and the timing of asset sales.
Commodity giants Vitol Group and Cargill Inc. have stopped trading with iron ore firm Radiant World, while Glencore Plc has halted new business, following allegations of invalid trade finance documents.
The consumer goods giant maintained its full-year sales growth forecast of 2% to 6%, as a 3% decline in North American organic sales overshadowed a quarterly earnings beat and sent shares lower.
Tesla is reportedly considering spinning off its China operations, a move seen by investors as a critical step to clear regulatory hurdles for a potential merger with SpaceX. The report sent the automaker's shares up more than 2% in extended trading.
Chinese AI startup Moonshot AI reportedly accessed approximately 20,000 advanced Nvidia chips through a deal with investor Alibaba to train its powerful Kimi model, according to a Bloomberg report. The arrangement highlights the intricate strategies Chinese firms are using to navigate U.S. technology restrictions.
