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Latest Financial News

investingLive Americas FX news wrap 24 Sept: USD and Treasury yields climb as Iran headlines lift stocks off their lows

US stocks finish mixed as Meta’s Muse rally helps mask the losers.Iran’s Pezeshkian wants a deal with the US before the midterm elections, NBC reportsMeta shares approach all-time highs as the Muse rally begins yet another leg higherUS treasury sells $44 billion of 7 year notes at a high yield of 5.085%US/Iran discussed phasing in…

Sticky core inflation pushes RBA towards its highest cash rate since 2011

With 33 of 34 economists expecting a hike, Tuesday's move is close to fully priced. The Australian dollar is therefore more likely to react to the RBA's statement and Governor Bullock's press conference than to the decision itself. If the bank signals it is open to hiking again, AUD could get a boost and front-end…

After Coinbase, Gemini and Kalshi, New York Takes Its Prediction Market Fight to Polymarket

When it comes to prediction markets, New York Attorney General Letitia James has taken a consistent position and stuck to it. Coinbase and Gemini came first, followed by Kalshi. Now, New York has added Polymarket to its legal campaign against prediction-market platforms.London's trading industry is coming home!The state is seeking to stop QCX LLC, the…
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Our Latest Axe Updates

Little Boney, Winnie the Pooh and the Most Dangerous Pencil in Politics 

Max’s Daily Chop  Donald Trump and Xi Jinping are meeting in Washington this week, which means two of the most powerful men on Earth will be sitting opposite one another discussing trade, artificial intelligence, rare earths, Taiwan and the future relationship between the world's two largest economies. Xi's state visit runs from 23 to 25 […]
Editorial cartoon showing political caricatures of Napoleon, Trump and Xi Jinping illustrating the enduring power of political satire

Polymarket: What Price Are You Willing to Put on Being Right? 

Polymarket has turned human disagreement into a financial market. Max explores prediction markets, from Guinness World Records and Lloyd’s to fraud, regulation and the price of being right.
Image Alt Text: Polymarket and prediction markets turning opinions into trading prices

The 300–1 Problem: Why Golf Refuses to Behave 

Ben Curtis was ranked 396th in the world and arrived at The Open as a 300–1 outsider. So what does golf's unpredictability teach us about probability, trading and making decisions when outcomes refuse to cooperate?
Golf Probability: Why 300–1 Shots Still Happen

Greenland: The World’s Most Important Piece of Misleading Advertising 

Donald Trump wants Greenland because of its strategic Arctic position, military importance and critical minerals. But the island’s greatest piece of marketing may be much older: Erik the Red calling it Greenland and convincing Norse settlers to follow him there.
Greenland and Donald Trump alongside Erik the Red in a satirical Arctic map
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