Wednesday links: spatial intelligence
ETFs Goldman Sachs ($GS) is buying ETF provider Neos. (citywire.com) Leveraged ETFs are increasingly driving market moves. (wealthmanagement.com) Prediction markets The CFTC is backing up Kalshi in its fight with New York state. (gizmodo.com) Polymarket is losing share to Kalshi, post-World Cup. (bloomberg.com) CME ($CME) is launching the world's first index-based hockey futures. (reuters.com) Do…
Goldman Sachs ETFs are purchasing ETF provider Neos. Leveraged ETFs are playing a significant role in recent market movements. The CFTC is supporting Kalshi in its legal battle against New York state. Kalshi's market share is decreasing since the World Cup. The CME Group has introduced the world's first index-based hockey futures.
The owner of the Phoenix Suns, Matt Ishbia, is facing financial struggles in his UWM Holdings company. UWM Holdings experienced a $600 million loss related to interest rates. Josh Kushner and Bob Iger are acquiring the Los Angeles Lakers for a valuation of $12.5 billion. The New York Yankees recently secured a deal with Apollo Sports Capital for equity and debt.
There has been a rise in non-bank mortgage origination, as seen by the Ishbias' challenges. China is witnessing an increase in disposable workers. Paul Osterman, author of 'Disposable Workers: The Transformation of Employment', discusses the rise of marginal workers. Non-college graduates are encountering difficulties in the current job market.
The economy benefitted from lower gasoline prices, resulting in a July CPI of 3.4% year-over-year. Diesel prices are not decreasing.
Written by urgent.news from Abnormal Returns's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
