The Chicago Mercantile Exchange sued the U.S. Commodity Futures Trading Commission and its chairman, Michael Selig, on Thursday, challenging a recent decision to let the prediction markets platform Kalshi and cryptocurrency exchange Coinbase list perpetual futures.
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Shares of Elon Musk’s rockets-to-AI firm SpaceX dropped nearly 9% on Thursday, as the post-IPO frenzy that briefly placed it among the top five most valuable companies of the world appeared to fizzle out.
The U.S.-Iran agreement — the first signed by an American and an Iranian president since Iran’s 1979 Islamic Revolution — is being hailed by its backers as the deal of the century.
Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin.
The White House provided a copy of the interim U.S.-Iran agreement to the U.S. Congress on Thursday, according to a copy of the document seen by Reuters, a day after U.S. President Donald Trump signed an interim deal with Tehran to end the war.
U.S. Vice President JD Vance criticized Israel for a “weird panic” and “freakout” over the agreement struck between the U.S. and Iran, in an interview released on Thursday as the Trump administration sought to tamp down criticism of the deal.
U.S. stocks rebounded on Thursday with semiconductor shares leading gains as optimism about a Middle East peace deal offset worries about a hawkish Federal Reserve under new Chair Kevin Warsh.
The U.S. State Department announced visa restrictions targeting people it said were undermining peace in Ethiopia on Thursday, focused on hardliners in the Tigray People’s Liberation Front and their immediate family members.
The U.S. Supreme Court ruled in favor of a marijuana user on Thursday by limiting the application of a federal law that bars drug users from owning guns, finding that certain prosecutions under the measure intrude on the U.S. Constitution’s Second Amendment right to “keep and bear arms.”
A federal judge in Manhattan on Wednesday denied a request for nearly $1.4 million in legal fees sought by advocacy groups that had successfully challenged immigration rules erected during President Donald Trump’s first term that made it harder for some immigrants to obtain permanent residency.