markets

Oil prices resume their climb and Asian markets decline as US prepares for blockade of strait

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TOKYO — Oil prices resumed their climb and Asian markets mostly declined Monday as the U.S. military prepared to blockade ships entering or leaving the Strait of Hormuz, where most shipping has been stalled by Iran since the start of the war. U.S. President Donald Trump announced the planned blockade after U.S.-Iran ceasefire talks in … Read more

Prediction markets are back in the spotlight, this time because of the war in Iran

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Prediction markets let people wager on just about anything — from basketball games to elections. And among more jarring bets recently, the fate of the U.S. and Israel’s war against Iran. Shortly ahead of a fragile ceasefire agreement earlier this week, a new group of accounts on prediction market platform Polymarket made highly specific, well-timed … Read more

White House staff received email warning them not to place bets on prediction markets, officials say

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White House aides got an email last month telling them not to place bets on prediction markets with nonpublic information, multiple administration officials told CBS News.  It was sent March 24, according to two White House officials. The email from the White House Management Office, which was obtained by CBS News, states: “Recent press reports … Read more

Wall Street, global markets surge after US-Iran ceasefire sends oil prices below $100 a barrel

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Wall Street surged in Wednesday premarket trading as oil prices plunged below $100 after the U.S. and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Futures for the S&P 500 jumped 2.7% before the opening bell and futures for the Dow Jones Industrial Average climbed 2.6%. Nasdaq futures … Read more

Live Updates: Markets embrace Trump’s announcement of Iran ceasefire despite new attacks on Gulf states

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  1m ago Oil prices drop below the $100 a barrel mark as stocks soar on ceasefire news Oil prices plunged Wednesday, staying well above pre-war levels but dropping below the $100 a barrel mark, and stocks soared after the United States and Iran said they had agreed to a two-week conditional ceasefire that should … Read more

Lawmakers call for CFTC crackdown on prediction markets after bet on downed U.S. airmen

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Lawmakers are pressing securities regulators to crack down on prediction markets amid several recent incidents of people using the increasingly popular platforms to bet on events tied to the Iran war and other government actions.  In an April 6 letter to Commodity Futures Trading Commission Chair Michael Selig, seven House Democrats demanded that the agency … Read more