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Prediction markets: What they are and how they work
Yahoo Finance· 2025-10-07 13:00
Have an opinion about the S&P 500’s closing price at the end of 2025? Or whether Treasury note yields will hit 5% this year? Prediction markets give you the chance to put money on those event outcomes and earn payouts for being right. Learn how prediction markets work, what the risks are, and which platforms are available in the U.S. Learn more: How to start investing: A 6-step guide Prediction market basics Prediction markets are exchanges where people can bet on event outcomes. The bets are usually ...
Robinhood Soars, Oil Dips And Gold Defies Gravity: Markets Today - Carnival (NYSE:CCL)
Benzinga· 2025-09-29 17:36
Market Overview - Wall Street experienced modest gains in technology and growth sectors, while small caps and blue chips showed stagnation as investors prepared for significant economic data releases, particularly the September labor market report [1] - The S&P 500 rose by 0.3% to 6,660, and the Nasdaq 100 increased by 0.6%, leading the major indexes [2] Notable Company Performances - Robinhood Markets Inc. surged by 9% after CEO Vlad Tenev announced over four billion event contracts traded on the platform since launch [2] - Kellanova gained over 5% following Italy's Ferrero Group's completion of a $3.1 billion acquisition of WK Kellogg Co. [2] - Carnival Corp. slid more than 5% despite exceeding Wall Street's quarterly expectations [3] Commodity and Digital Asset Movements - Precious metals saw significant increases, with gold rising nearly 2% to $3,830, marking an 11% increase for September, the best month since 2012; silver also increased by 2.1% above $47 [3] - Oil prices fell by 3.6% as crude exports resumed from Iraq's Kurdistan region and OPEC+ indicated potential supply increases [4] - Bitcoin advanced by 1.6% to $114,000, recovering some of last week's 2.6% decline [4] Performance of Major Indices and ETFs - The Dow Jones decreased by 0.1% to 46,220.76, while the Russell 2000 also fell by 0.1% to 2,430.84 [8] - The Vanguard S&P 500 ETF rose by 0.1% to $609.59, while the SPDR Dow Jones Industrial Average inched down by 0.1% to $461.75 [8] Top Gainers and Losers in S&P 500 - Top gainers included Robinhood Markets Inc. (+8.89%), Western Digital Corp. (+6.76%), and Coinbase Global Inc. (+5.80%) [6] - Top losers included Carnival Corporation (-4.72%) and Williams-Sonoma Inc. (-4.65%) [9]
CME Group (CME) Conference Transcript
2025-06-05 18:30
CME Group Conference Summary Company Overview - **Company**: CME Group (CME) - **Industry**: Futures Exchange Key Points Industry Performance - CME Group has experienced strong trading volumes, with a record year in 2024 and a record month in May 2025 [3][4] - Open interest has significantly increased, indicating robust market activity [3] Macro Economic Concerns - There are significant macroeconomic risks, including geopolitical tensions in the Middle East and Eastern Europe, which could impact market stability [4][5] - The U.S. faces a substantial debt of $37 trillion and a $2 trillion annual deficit, raising concerns about future economic conditions [6][40] Retail Trading Dynamics - Retail trading is evolving, with a notable shift from cash equities to options and now to futures, driven by technological advancements [8][9] - The sophistication of retail traders has increased, leading to a more stable participation in the markets [10][14] - Event contracts are gaining popularity among retail participants, but CME needs to target the right audience for these products to succeed [16][17] International Growth - CME's average daily volume (ADV) overseas has grown by 19% year-over-year, driven by both macroeconomic factors and internal initiatives [19][20] - The company has expanded its sales force significantly to enhance international outreach and education about its products [20] Crypto Market Position - CME is recognized as a leading player in the crypto derivatives market, with a cautious but optimistic outlook on the future of cryptocurrencies [22][25] - The importance of stablecoins and their potential to enhance the crypto market's efficiency is emphasized [26][33] Competitive Landscape - CME remains vigilant about competition, particularly in the interest rate complex, where new challengers have emerged [34][36] - The company has achieved significant efficiencies in its operations, saving clients $60 billion daily across various asset classes [36][40] Mergers and Acquisitions (M&A) - CME is open to M&A opportunities but emphasizes the need for strategic alignment with user benefits [42][44] - The company has successfully integrated past acquisitions, enhancing its market position [42] Leadership and Succession - The current CEO, Terry Duffy, is focused on ensuring a smooth succession plan for the future leadership of CME [46][49] Additional Insights - The integration of technology and the rise of retail trading are reshaping the financial services landscape, with implications for how CME operates and competes [10][12] - The potential for marrying spot and derivatives markets in crypto is still under consideration, reflecting the evolving nature of these markets [28][30]