New York City is getting three new casinos — including one expected to be located next to the New York Mets stadium — in a major expansion of legal gambling.
Why it matters: The gambling industry has long been eager to tap into the biggest city in the U.S., a hallmark of wealth, capitalism and risk taking.
Goldman Sachs on Monday announced plans to acquire Innovator Capital Management, an Illinois-based provider of defined-outcome ETFs, for $2 billion in cash and stock.
The big picture: Defined-outcome ETFs are becoming increasingly popular among investors (and financial advisors) who want to protect against volatility.
Nvidia has been on an investing spree the last two years, expanding the AI economy — a boom that helped make the company the most valuable in the world.
Why it matters: If that sounds a bit circular, that's what skeptics have said too, questioning whether the huge amounts of money from Nvidia and others going into AI infrastructure can ever be profitable.
Institutional investors are doubling down on gold and sticking with Big Tech heading into 2026, per a new Goldman Sachs survey of more than 900 clients.
Why it matters: The results could indicate that the recent pressure in gold and tech is temporary rather than a broader hit to long-term conviction on both asset classes.
Every advertiser seems to know of MrBeast. YouTube wants them to know more creators who have similarly built studios to produce high production quality shows.
Why it matters: Even as YouTube dominates watch time, increasingly so on TVs, the company has yet to fully break into the budgets and planning cycles of traditional TV buyers.
Bill Gates says he would support deploying artificial cooling technologies to lower global temperatures — but only if the planet hits so-called climate tipping points.
Why it matters: The Microsoft co-founder and philanthropist is a major funder of research into this controversial technology, and his comments in a recent interview with Axios are among his most expansive yet.
President Trump said Sunday he's decided who he'll nominate to be the next Federal Reserve chair, but he wouldn't be drawn on whether the pick is National Economic Council director Kevin Hassett.
The big picture: Current Fed Chair Jerome Powell has faced months of complaints and demands from Trump to lower interest rates and his term is due to expire in May.
Disney's "Zootopia 2" brought in roughly half a billion dollars over the weekend, marking the highest global animated box office opening of all time, and the biggest global debut of the year.
Why it matters: The film's stellar performance marks a significant win for Disney, which has seen mixed results for animated films at the box office this year.
