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The logo of Robinhood Markets is seen at a pop-up event on Wall Street after the company’s initial public offering in New York City on July 29, 2021.Andrew Kelly | ReutersRobinhood announced Tuesday that the online broker is launching new prediction markets for professional and college-level football.Customers will now be able to trade on the outcomes of “the most popular” NFL and college football games on the Robinhood app. Robinhood said those games would include regular season pro matchups and all college Power Four schools games.The prediction markets are currently rolling out, according to Robinhood, and will be available to…
S&P Global Ratings said revenues from Donald Trump’s tariffs will help soften the blow to the U.S.’s fiscal health from the president’s tax cuts, enabling it to maintain its current credit grade.While Trump’s trade war has roiled markets, unnerved foreign governments and provoked criticism from leading economists, S&P affirmed its AA+ rating for the U.S. — a score it’s given since 2011, when it first downgraded the world’s largest economy from AAA.This is in part because it reckons money flowing from the levies will offset the impact on the U.S.’s budget position from the recent tax and spending bill. It…
How Trump budget law will impact green energy How Trump’s budget law will impact green energy in the U.S. 08:06 The window to take advantage of clean energy credits is running out. After three years, the sun is setting on a series of tax credits aimed at lowering the cost of buying electric vehicles, as well as installing solar panels, heat pumps and other clean energy technologies in your home. That’s because, in July, Congress passed President Trump’s sweeping budget package, known as the One Big Beautiful Bill Act, which phases out the Biden-era clean energy subsidies earlier than originally outlined in the Inflation Reduction…
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Shares of Viking Therapeutics fell more than 30% in premarket trading Tuesday after the company released mid-stage trial data on its obesity pill that disappointed investors. The results could be a blow to Viking, which was once seen as a hot M&A target as pharmaceutical companies scramble to join the booming market for obesity and diabetes drugs. It could reinforce Eli Lilly and Novo Nordisk’s dominance in the space, especially as they develop pills for weight loss that could enter the market years ahead of the tablet formulation of Viking’s drug, VK2735. Jared Holz, Mizuho health care equity strategist, said in an…
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The exterior of a Best Buy store is seen on May 29, 2025 in Chicago, Illinois. Scott Olson | Getty ImagesBest Buy is launching a third-party marketplace, as it tries to bulk up the variety of merchandise it offers and reverse slower sales.Starting on Tuesday, shoppers who go to Best Buy’s website and app will see products and brands that weren’t available there before, including more tech-related accessories like custom video game controllers and some non-tech items including seasonal decor and sports collectibles.The company’s online marketplace riffs off those of other retailers, such as Amazon and Walmart, by relying on…