The Iowa Electronic Markets paved the way for prediction market companies, like Kalshi and Polymarket, that have ballooned into a multibillion-dollar industry
Category Archives: business
Underpaid and under pressure: The elder-care workforce leading U.S. job growth
The U.S. added 130,000 jobs last month, nearly all from eldercare. Now immigration policy and Medicaid cuts are limiting who is willing or able to do this job.
Inflation cooled in January, offering some relief for consumers
A decline in the rate of price increases is good news for Americans who have grappled for years with rising costs of living.
Amazon drops plans to partner Ring doorbell cameras with police surveillance tech company
Amazon has dropped plans to partner its Ring doorbell cameras with the police surveillance tech company Flock Safety, the companies said Thursday, days after Amazon aired a controversial ad for Ring that some viewed as depicting the technology as a threat to privacy
Top Goldman Sachs lawyer to leave firm amid Epstein files fallout
The top lawyer at Goldman Sachs, Kathy Ruemmler, said she would leave the Wall Street firm amid controversy over her email correspondence with Jeffrey Epstein.
Justice Department’s antitrust chief says she’s leaving, effective immediately
The head of the DOJ’s antitrust unit, Gail Slater, is leaving the role at a key moment for mergers, as Netflix and Paramount Skydance battle for Warner Bros.
2 Israelis charged with using classified information to bet on Polymarket
TEL AVIV — Two Israelis have been charged in connection with the suspected use of classified information to place bets on the prediction platform Polymarket, authorities said Thursday
The multibillion-dollar industry propped up by struggling Americans
Last year, people in the U.S. made an estimated $4.7 billion selling their plasma. Donation centers are popping up in middle-class neighborhoods, including suburban strip malls and college towns.
Desperate job seekers look to ‘reverse recruiters’ to stand out in hiring process
Job seekers desperate to stand out in the hiring process are looking to “reverse recruiters,” or companies and individuals who can do the work of applying and tailoring resumes for them. These can range in price from a few hundred dollars to over one thousand dollars a month, with some companies even taking a cut of your paycheck if they manage to help you secure a job. NBC News’ Allie Canal reports on the lengths applicants will go to in the sluggish job market.
House votes to nix Trump’s tariffs on Canada in rebuke of trade agenda
Six Republicans crossed the aisle to oppose the president’s tariffs on a major U.S. trading partner. The measure now heads to the Senate.