Core Insights - Ark Invest executed significant trades involving major companies, reflecting strategic positioning in tech and AI sectors [1] Alibaba Trade - Ark Invest's ARK Innovation ETF acquired 30,137 shares of Alibaba, valued at approximately $5.5 million, indicating confidence in Alibaba's growth [2] - The stock closed at $182.78, near its 52-week high of $183.08 [2] - Ark also acquired 23,538 shares of Alibaba on the previous day, valued at $4.1 million [3] Shopify Trade - Ark Invest's Ark Fintech Innovation ETF sold 18,440 shares of Shopify, valued at approximately $2.76 million, amid a surge in stock price due to collaboration with OpenAI [4] - Shopify's shares closed at $149.57 [4] Baidu Trade - Ark Invest's ARKK fund purchased 21,648 shares of Baidu, valued at around $2.97 million, driven by Baidu's expansion of its Apollo Go robotaxi business [5] - Baidu's shares increased by 4.3%, closing at $137.44 [5] - On the previous day, Ark purchased 53,388 shares of Baidu worth $6.9 million [5] Brera Holdings Trade - Ark Invest's ARKK fund sold 100,983 shares of Brera Holdings, amounting to approximately $2.5 million, following a rise in stock price due to a new treasury strategy [6] - The stock closed at $24.72, down by 17.6% [6] - Earlier, Ark sold 231,903 shares of Brera and had acquired 6,500,001 shares worth nearly $162 million [7] Other Key Trades - Ark Invest's funds collectively bought 511,049 shares of Draftkings Inc, valued at nearly $18 million, with the stock closing at $35.16 [8] - The ARKW fund sold 37,148 shares of Roblox Corp and 36,697 shares of Roku Inc [8]

Upgrades - Baird upgraded United Rentals (URI) to Outperform from Neutral with a price target of $1,050, up from $888, indicating stabilization in the rental industry after two years of deceleration [2] - Jefferies upgraded Sunrun (RUN) to Buy from Hold with a price target of $21, up from $11, expecting cash generation to materialize in the second half and strong growth through 2026 as U.S. Third-Party Owners gain market share [3] - HSBC upgraded Autodesk (ADSK) to Buy from Hold with a price target of $343, down from $388, noting Autodesk's potential to monetize artificial intelligence and likely margin expansion [4] - Jefferies upgraded Delta Air Lines (DAL) to Buy from Hold with a price target of $70, up from $62, citing a raised Q3 revenue outlook to 2%-4% from 0%-4% as a sign of confidence in topline growth for Q4 and 2026 [5] - Jefferies upgraded Carvana (CVNA) to Buy from Hold with a price target of $475, up from $385, based on consumer survey results and capacity analysis suggesting continued elevated growth [6] Downgrades - Northland double downgraded DraftKings (DKNG) to Underperform from Outperform with a price target of $33, down from $53, due to increasing headwinds from prediction markets [7] - RBC Capital downgraded GE Vernova (GEV) to Sector Perform from Outperform with a price target of $605, down from $631, as current valuations reflect strong demand and productivity improvements [7] - Evercore ISI downgraded Allstate (ALL) to In Line from Outperform with a price target of $233, up from $230, citing over-earning in auto insurance and limited scope for positive estimate revisions [7] - Goldman Sachs downgraded Doximity (DOCS) to Sell from Neutral with a price target of $64, up from $57, indicating the growth profile does not support the current valuation [7] - Goldman Sachs downgraded LivaNova (LIVN) to Neutral from Buy with a price target of $55, down from $56, due to decelerating sales growth and slowing margin expansion [7]

Core Insights - Kalshi has made significant waves in the sports betting sector, setting a new trading record of over $260 million last Saturday and surpassing $275 million on Sunday, breaking its previous record of $245 million set on the 2024 election day [1] - The majority of Kalshi's trading volume, approximately 98%, is derived from college and professional football events, despite other sporting and political events occurring simultaneously [1] - The trading volume for the game between the Green Bay Packers and the Dallas Cowboys reached $57.2 million, marking it as the highest trading volume for a single game in history [1] Industry Impact - The surge in Kalshi's trading activity led to a significant drop in the U.S. stock market for gambling companies, with DraftKings falling 12%, Flutter Entertainment over 10%, and other companies experiencing declines ranging from 5% to nearly 9% [2] - Analyst David Bain from Texas Capital Securities believes that investor concerns regarding the sports betting industry are exaggerated, suggesting that the reported trading volume may not be as substantial as indicated, as the $540 million figure could include both buy and sell transactions [2] - Bain anticipates that many gambling companies will provide reassuring statements to investors at the upcoming G2E gaming exhibition in Las Vegas, viewing the current stock price declines as buying opportunities for online gambling stocks [3]

美国政府关门进入倒计时阶段，美股扛住政府关门引发经济不确定性的风险，三大股指盘中惊险转涨，9月全月和三季度继续累涨。黄金在美联储降息预期 和政府关门风险助推下继续创盘中历史新高，9月两位数大涨。 直到周二美股收盘，美国国会两院还没有彻底通过任何至少短期内维持政府支出的法案，美股大盘全天承压。数据显示美国劳动力市场疲软，美债、美元和 黄金均有明显反应。 美股盘前，周一美国总统特朗普和两党国会领袖在白宫会晤后，美国副总统万斯称他认为正走向政府关门。如果政府关门，劳工部统计局将停止发布经济数 据，美联储将缺少制定利率路径的关键数据。三大美股指集体低开。 美股盘前，媒体称OPEC+考虑未来三个月加大增产力度，每月增产约50万桶/日，原油盘中跌超2%。临近美股午盘，OPEC+否认此消息，原油盘中收窄过半 跌幅。 美股早盘公布的8月美国JOLTS职位空缺数从7月上修后的721万微增至723万，同时招聘减少，与劳动力市场疲软的趋势一致，让美联储可能有理由下月继续 降息。数据公布后，美国国债价格上行、收益率刷新日低，美元指数跌幅扩大，黄金盘中转涨。 美股盘中，特朗普警告，确实可能政府关门，那将有"不可逆转的"裁员和民主党青睐 ...

And right now we are 2 minutes away from the end of the trading day. Romaine Bostick here with Katie Greifeld taking you through to that closing bell. It's a global simulcast.There's Carol Massar, Tim Stenovec in the radio booth. Welcome to our audiences across all of our Bloomberg platforms, including YouTube here on the final trading day of the month and the quarter. Right now, looking at an S&P 500 and a Dow and the Russell 2000 locking in a fifth straight month of gains.Yeah, pretty significant, right. ...

Group 1 - DraftKings shares fell 10.2% due to competitive pressures from privately held Kalshi and negative consumer sentiment data [1][5][8] - Kalshi, a private betting platform, has recently expanded into real-time sports betting and achieved record trading volumes over the weekend, posing a competitive threat to DraftKings [2][3][4] - Despite reporting a 45% increase in sports book handle revenue, DraftKings showed signs of potential deceleration with only an 11% increase in overall sports book betting volumes and flat unique visitor numbers [4][5] Group 2 - The recent consumer sentiment reading from The Conference Board was worse than expected, negatively impacting consumer discretionary stocks, including DraftKings [5][8] - DraftKings is currently trading at 28 times this year's earnings expectations and 18.6 times 2026 earnings estimates, which is not considered expensive for a growth company, but risks increase if growth decelerates or margins compress [9]

Group 1: CoreWeave Inc - CoreWeave Inc (NASDAQ:CRWV) has seen a significant increase of 12.3%, trading at $137.57, following a $14 billion infrastructure deal with Meta Platforms (META) [2] - The company recently secured a $6.5 billion contract with OpenAI, marking a strong position in the AI cloud computing sector [2] - CRWV is currently 243% above its debut close of $40 on March 28, indicating substantial growth [2] Group 2: Options Trading Activity - Over 400,000 call options have been traded today, which is double the average intraday volume, indicating strong interest from options traders [3] - The most popular options are the weekly 10/3 140-strike call and the October 150 call, suggesting bullish sentiment [3] - With 11% of the stock's total float sold short, a potential short squeeze could drive the stock price back to $150 [3] Group 3: DraftKings Inc - DraftKings Inc (NASDAQ:DKNG) has experienced a decline of 10.2%, trading at $38.02, following a report on Kalshi's record trading volume of $275 million [4] - The stock is down 20.8% in September, struggling to maintain its year-to-date breakeven level [4] - Despite the decline, over 100,000 call options have been exchanged today, which is four times the average intraday volume, indicating continued interest from traders [5] Group 4: Analyst Ratings - 28 out of 31 brokerages covering DraftKings maintain "buy" or better ratings, with no "sell" ratings, suggesting a generally positive outlook despite recent struggles [5]

Company Leadership Changes - Spotify CEO Daniel Ek transitions to executive chairman after nearly two decades, with Gustav Söderström and Alex Norström appointed as new co-CEOs [4][5] - Ek's new role will focus on capital allocation and long-term strategy, reflecting a European chairman model [5] Market Activity - Kalshi sets a new trading record of over $275 million, impacting DraftKings and FanDuel negatively [6][8] - 98% of Kalshi's trading volume is attributed to college and pro football games, with a record $57.2 million in trading for a specific NFL game [7] Economic Indicators - The Conference Board's Consumer Confidence Index fell to 94.2 in September from 97.8 in August, indicating a decline in consumer sentiment [12] - Job openings in the U.S. increased to 7.227 million in August, surpassing the consensus of 7.11 million [14] - High-frequency indicators show robust air travel and solid attendance at entertainment venues, suggesting ongoing economic momentum [16]

Prediction markets will win.Draft kingsFan duelBet onlineStakeRainBetAll have sports && moreAnd all compete for better odds.The difference is those have a house.Those have withdrawal limitsThose have betting limits.Prediction markets are player vs player.Peer to peer marketsIt’s you vs another person.There isn’t a house that will fuck you over.There aren’t limits.Like trading, it’s how your limit orders get filled.But at its core, it’s you… vs someone else. Another person. Whose better. That’s it. ...

Core Insights - ZeroHash has raised $104 million in a Series D-2 funding round, achieving a valuation of $1 billion, with participation from major financial institutions like Morgan Stanley and Interactive Brokers [1][2] - The total funding for ZeroHash now stands at $275 million, which will be used for product expansion and talent growth, aiming to become a leading provider of on-chain infrastructure [2][4] - The fundraising reflects a growing demand for enterprise-grade crypto infrastructure as financial institutions increasingly seek to offer tokenized assets and stablecoins [4] Company Overview - Founded in 2017, ZeroHash provides APIs and developer tools that enable financial institutions and fintechs to offer crypto, stablecoin, and tokenization products [3] - The platform supports solutions for notable clients such as Interactive Brokers, Stripe, and BlackRock, serving over 5 million users across 190 countries [3] Industry Trends - The investment round indicates a trend of increasing interest from financial institutions in building scalable on-chain solutions, highlighting the evolving landscape of crypto and stablecoin infrastructure [2][4]