Polymarket CEO Shayne Coplan blasted traditional sportsbooks as a "scam" at Axios BFD and said he expects the Supreme Court to eventually decide whether prediction markets can offer their version of sports betting.
Why it matters: Prediction markets have enjoyed a string of legal wins allowing them to offer sports betting via "events contracts" in the handful of states that haven't legalized gambling.
Why it matters: Nvidia shares — and the broader stock market — have slipped in recent days amid debate over whether investors have gotten too bullish on the AI trade.
Entrepreneur Emma Grede rejected the idea that women must adhere to certain expectations regarding work/life balance during a sit-down interview at Axios' BFD event on Tuesday.
The big picture: A clip of Grede speaking on the subject went viral earlier this year after she expressed her belief that people need to be willing to put in extra work, including night and weekend shifts, to be successful.
Sequoia Capital's Roelof Botha said Elon Musk's SpaceX has a "bigger chance of being the most valuable company" than OpenAI during a sit-down interview at Axios' BFD event on Tuesday.
Why it matters: Botha's opinion can move markets and completely overthrows the prevailing view that OpenAI is the tech industry's most valuable player.
Toyota plans to move production of hybrid Corolla sedans from Japan to the U.S., a $912 million investment that will add some 250 manufacturing jobs across five states.
Why it matters: The announcement is part of Toyota's recent commitment to invest up to $10 billion in the U.S. over the next five years.
U.S. companies are much more confident than their international peers about cross-border trade in the coming years, even with the uncertainty of tariffs, HSBC said Tuesday.
Why it matters: It's a sign that American companies have accepted and adapted to a new global trade order faster than competitors elsewhere.
Small-business owners remain more concerned about inflation than any other challenge, and most are increasing prices to deal with rising costs, per a new Bank of America study out Tuesday.
Why it matters: The affordability crisis isn't just a consumer matter — higher prices are weighing on businesses too and denting their outlooks for 2026.
President Trump's promised $2,000 tariff checks would probably cost $450 billion but provide small boosts in both economic growth and employment, per a new analysis of the proposal.
Why it matters: At that price the dividend would wipe out more than a year's worth of tariff income, leaving nothing for the president's other promised uses of the money, like paying down debt and bailing out farmers.
People living in San Antonio, San Diego and Raleigh, North Carolina, have particularly high satisfaction rates with their city, a new survey finds.
Why it matters: "Satisfaction" is broad, but works as a general vibe check on how people are feeling about job opportunities, housing costs, safety and other key urban issues.
Baltimore; Charlotte, North Carolina; and Miami have relatively high shares of childless young adults thinking about packing up and leaving, a new survey finds.
Why it matters: Lots of young people considering a move can signal bigger issues for any given city, like a lack of perceived job opportunities or affordable housing.
Eight Senate Democrats are urging a congressional watchdog to investigate federal housing finance regulator Bill Pulte for potentially misusing his authority to make criminal referrals against people they say are President Trump's "perceived political enemies."
The big picture: They're demanding a probe into Pulte's recent referrals of New York Attorney General Letitia James (D), Sen. Adam Schiff (D-Calif.), Federal Reserve Gov. Lisa Cook and Rep. Eric Swalwell (D-Calif.) to the Justice Department for alleged mortgage fraud, per the letter from Democrats including Banking Committee ranking member Elizabeth Warren (D-Mass.).
