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Bloomberg

Polymarket, Kalshi Gamify Truth With Bets on Politics, News

Mention markets are the high-octane, fast-twitch speed competitions of the prediction market world. But they're just one corner of it. Users of Kalshi and its primary rival, Polymarket, can bet on events major and minor, from politics to sports to culture to the weather. Recent markets on Kalshi have included whether certain words would be used during a Palantir Technologies Inc. earnings call, whether Elon Musk would win his court case against OpenAI and whether the highest temperature in Seattle on Feb. 4 would be within a certain range. Polymarket users have bet on whether the US would strike Iran on a particular date, whether a given Trump cabinet member would be the first to leave office and whether Jesus Christ would return before 2027. Bloomberg Businessweek Contributor Chris Beam joins Bloomberg Businessweek Daily to discuss. He speaks with Carol Massar and Tim Stenovec.

Leia mais: Polymarket, Kalshi Gamify Truth With Bets on Politics, News
Bloomberg

New York Life's Goodwin: Affordability, Not Inflation, Is Short-Term Market Catalyst

Lauren Goodwin, Economist and Chief Market Strategist at New York Life Investments, joins Bloomberg Businessweek Daily to discuss the state of the US economy and inflation, Federal Reserve monetary policy, and more. Goodwin also discusses the lack of clarity around tariff inflation passthrough and the continuous fluctuation of supply chains and policy, which can then impact consumers directly and indirectly. Goodwin speaks with Carol Massar and Tim Stenovec.

Leia mais: New York Life's Goodwin: Affordability, Not Inflation, Is Short-Term Market Catalyst
Bloomberg

Wayve CEO on Robotaxis, Automaker Partnerships, Software

Wayve Ltd. CEO Alex Kendall discusses the UK self-driving company's global autonomy platform, its partnerships with Nissan, Mercedes and Stellantis, and plans for mass production of robotaxis. He also talks about high-margin software business with some of the world's largest OEMs, saying, "we're excited to see our technology go head-to-head." Kendall speaks with Bloomberg's Tom Mackenzie in London.

Leia mais: Wayve CEO on Robotaxis, Automaker Partnerships, Software
Bloomberg

Dimon Sees Pre-Crisis Parallels as Rivals Do 'Dumb Things'

JPMorgan Chase CEO Jamie Dimon, asked about fierce competition across the financial industry, said he's starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously. "Unfortunately, we did see this in '05, '06 and '07, almost the same thing the rising tide was lifting all boats, everyone was making a lot of money," Dimon told investors on Monday. While JPMorgan isn't willing to make riskier loans to boost net interest income, he said, "I see a couple people doing some dumb things. They're just doing dumb things to create NII." Dimon, who led the largest US bank through the 2008 financial crisis and scooped up two major competitors that collapsed, said he expects the credit cycle will eventually sour again though he is not sure when. Bloomberg News Finance Reporter Katherine Doherty joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.

Leia mais: Dimon Sees Pre-Crisis Parallels as Rivals Do 'Dumb Things'