Prediction markets face Trump scrutiny amid CFTC cuts
The CFTC sued to claw back gains from a U.S. special forces soldier accused of making more than $400,000 on a timely bet tied to the Maduro raid case.
1 min read
Ben Carter
Ben Carter is a staff writer at P&L, covering markets, dealmaking, and public companies. He previously worked in equity research, focusing on valuation, earnings, and IPOs.
Strait of Hormuz traffic stays far below pre-conflict levels after ceasefire
AIS data show Strait of Hormuz traffic still far below preconflict levels, with crossings at 8.6 a day from March 1 to April 21 versus a 115.7 baseline.
1 min read
Strong shekel squeezes Israeli exporters after dollar falls below NIS 3
One exporter said the stronger shekel and a new 15% U.S. tariff have added 35% to product prices.
1 min read
Nvidia tops $5 trillion amid megacap earnings, Fed, and Middle East risks
Nvidia’s rally lifted its market value past $5 trillion as the Nasdaq climbed 15% in April and chip stocks rebounded after Intel’s earnings beat.
1 min read
Job market anxiety spreads beyond layoffs
ADP’s Nela Richardson said the U.S. is becoming "not just a service economy, but a healthcare-driven economy," as aging shifts hiring.
1 min read
Israel's strong shekel squeezes exporters
The dollar touched 2.98 shekels, a 30-year low, and one exporter said tariffs and the stronger shekel added 35% to its product price.
1 min read
Big Tech earnings test AI spending plans
The Bank of England warned that “AI stock valuations” look stretched as Nvidia, AMD and Qualcomm extended the AI-driven rally.
1 min read
Strait of Hormuz traffic stays far below prewar levels
AXSMarine data shows Strait of Hormuz traffic still far below normal after the ceasefire, with only 446 crossings from 1 March to 21 April.
1 min read
Strong shekel squeezes exporters as dollar falls below 3 shekels
Abraham Novogrotsky called a dollar starting with a "2" a "death blow" to export profitability as the shekel strengthened.
1 min read
Strong shekel pinches Israel exporters and nonprofits
A. Grebelsky & Son says a 75% U.S. sales mix and a new 15% tariff are driving a 35% price jump as the shekel strengthens.
1 min read
Chip rally: Nvidia tops $5 trillion market cap
Nvidia lifted the chip trade on Friday as its stock rose 4.3% to a record close and pushed its market cap past $5 trillion.
1 min read
Resource Bottlenecks Are Now State Power
China controls most refining of lithium, cobalt, graphite and rare earths, giving Beijing leverage over battery metals and hardware supply chains.
36 min read