The U.S. Commodity Futures Trading Commission (CFTC) filed a motion on September 2 to dismiss CME Group's lawsuit challenging the CFTC's approval of Kalshi's Bitcoin perpetual futures contract. CME argues these contracts should be regulated as swaps, not futures, claiming the approval gives newer exchanges an unfair advantage. The CFTC counters that CME lacks legal standing since it can list similar contracts itself and that futures contracts do not require fixed expiration dates. The court will decide on the motion after CME responds by October 2, with Kalshi's contract still available for trading during the case.
Citigroup has raised its price target for Travelers to $395 following the company's strong third-quarter 2026 results, where core earnings per share reached $9.18, significantly surpassing analyst expectations. Travelers also improved its combined ra...
F.N.B. Corporation will report its Q3 2026 earnings on October 19, with analysts forecasting earnings of $0.43 per share, a 4.9% increase from last year. Revenue is expected to rise about 4% to around $476 million. Investors will focus on management'...
Nvidia's market value dropped by $200 billion following OpenAI's revenue run rate announcement, which came in $18 billion below expectations. This significant shortfall has sparked concerns among investors about the growth prospects of AI-related com...
Kuaishou Technology has officially launched Kling 4.0, its next-generation AI video generation model, focusing on improved stability in dynamic scenes, longer continuous video generation up to 30 seconds, and enhanced creative control with support fo...
Kuaishou Technology has officially launched Kling 4.0, the latest generation of its AI video creation model, focusing on realism, control, and professional quality. Kling 4.0 supports smoother large-scale motion, native single-pass generation of up t...
