S&P Global (SPGI) and Kalshi plan indexes built from event contracts. One idea tracks AI and jobs.
S&P Dow Jones Indices licensed its benchmarks to Kalshi and plans to build indexes from Kalshi's event contracts. Kalshi's examples include an index tracking AI's effect on jobs. Neither company named a first index or a launch date.
Robinhood (HOOD) plans weekend stock trading and AI agents that can place trades inside the app
Robinhood plans weekend trading for a selected list of stocks and ETFs, pending regulatory review. Its new AI agents come with their own account and limits.
Traders bet Meta's Muse will hurt Schwab (SCHW). Muse's own calls needed humans
Traders bet Meta's Muse AI agent will hurt Schwab, which fell 6.1% on Tuesday. The same day, Reuters reported that Meta had tested human call-center workers to handle some Muse requests.
The SEC will let US platforms trade tokenized stocks for five years. Companies can block it.
The Securities and Exchange Commission will let US trading platforms offer tokenized versions of public stocks for five years, and the company whose stock is being tokenized can still say no.
Robinhood (HOOD) adds Crypto.com prediction markets and buys a stake in the exchange behind them
Robinhood is adding Crypto.com's OG.com contracts and buying stakes in both companies. Terms weren't disclosed. What it means: the broker that built its prediction business on Kalshi keeps buying into the competition, and the customer never sees which exchange gets the bet.
The Trade Desk (TTD) cuts 15% of staff as Zscaler (ZS) discloses layoffs hours earlier
The Trade Desk (TTD) told the SEC it will cut about 15% of staff, with $39 million to $51 million in charges. Zscaler (ZS) disclosed a 3% workforce cut ten hours earlier. They are the only two Item 2.05 filings on our watchlist inside the same 24 hours in a year.
NBA star Kevin Durant put $250,000 into Hugging Face. Nvidia's (NVDA) reported deal makes it worth about $60 million.
Nvidia (NVDA) is buying Hugging Face for $12.9 billion, with $11.9 billion of it payable to stockholders, and NBA star Kevin Durant's $250,000 early stake may be worth tens of millions. His firm also got into Coinbase at a $1.6 billion valuation and Whoop at $125 million.
Robinhood's second venture fund (RVII) is a bet on 80 Y Combinator startups. It opened below its $25 IPO price.
Robinhood Ventures Fund II (RVII) began trading Aug. 13 and sits below its $25 IPO price. The fund is a diversified bet on about 80 early-stage Y Combinator startups, most held through $250,000 SAFEs, and it charges a 2% management fee plus 20% of gains.
You can trade single-stock options premarket starting August 17 at 7:30 a.m. ET. The first session includes Nvidia (NVDA), Tesla (TSLA), Apple (AAPL) and 18 more.
Cboe Options Exchange begins trading single-stock options at 7:30 a.m. ET on Monday, Aug. 17, two hours before the regular open. Limit orders only, no market or stop orders, and trades in the new sessions do not count toward the day's high and low.
About $25 billion of Microsoft's (MSFT) AI budget is memory getting more expensive. Wednesday says whether that grew.
Microsoft told investors in April it would spend about $190 billion on capital projects this year. Around $25 billion of that increase bought nothing new, it was the same buildout at a higher price after memory costs rose. Microsoft reports Wednesday after the close, two hours after the Fed decision.