When are prediction markets most helpful? Evercore ISI has a formula
Evercore ISI strategists provide insight for when prediction markets are useful for forecasting.
ECB’s Stournaras says more restrictive monetary policy needed if inflation overshoots target
Yiannis Stournaras noted that the war has led to higher energy prices, with a possible secondary effect on wages and prices.
Gold rises as dollar, oil ease on U.S.-Iran deal prospects
Spot gold was up 1.1% at $4,559.07 per ounce, as of 0736 GMT. U.S. gold futures for June delivery gained 0.8% to $4,559.80.
Iran and U.S. play down hopes for imminent breakthrough in war
Secretary of State Marco Rubio told reporters in New Delhi that the U.S. would give diplomacy every chance to succeed before exploring “alternatives”.
Goldman Sachs says hedge funds are ‘doubling down’ on AI but dumping software stocks
Hedge funds and mutual funds moving toward semiconductors with some shared favorites
Why the AI boom is reshuffling the global stock market hierarchy
Taiwan and South Korea are climbing the global stock market rankings as investors pile into the companies powering the AI infrastructure boom. Taiwan’s rise has been driven largely by TSMC, the world’s leading advanced chip foundry, while South Korea’s…
Delivery Hero shares rise 10% as rival Uber mulls another takeover bid
Delivery Hero confirmed in a statement on Saturday that it had received a takeover offer from Uber of €33 per share.
Iran is in the ‘process of blinking’ over the Strait of Hormuz, Petraeus says
Ex-CIA director David Petraeus said that an initial successful peace deal with Tehran would see the Strait opened without any conditions.
European stocks highest since March 2 as U.S.-Iran talks continue; euro zone bond yields drop on peace hopes
Stocks in Europe are tracking their Asian counterparts higher after Japan’s Nikkei 225 breached 65,000 for the first time.
Singapore reports lower-than-expected inflation for April at 1.8%, revises economic growth higher
Core inflation — which strips out prices of private transport and accommodation — came in at 1.4%, against estimates of 1.7%.
