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CRYPTO
A16z Backs CFTC in Fight Against State Prediction Market Bans
A16z has thrown its weight behind the Commodity Futures Trading Commission (CFTC) in a growing federal-state standoff over prediction markets, opposing state regulators that try to shut down platforms like Kalshi and Polymarket. The venture capital heavyweight submitted the letter on Thursday in response to the CFTC’s advance notice of proposed rulemaking on prediction markets. It argues that state-level crackdowns,…
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FINANCE
Xenia Hotels & Resorts Q1 Earnings Call Highlights
Xenia Hotels & Resorts logo Xenia Hotels & Resorts (NYSE:XHR) reported first-quarter 2026 results that management said exceeded expectations across key metrics, driven by strength in both group and transient demand—particularly in March—along with continued momentum at the Grand Hyatt Scottsdale Resort following a major renovation. First-quarter results beat expectations Chair and CEO Marcel Verbaas said the company delivered “strong…
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ECONOMY
Explaining the K-Shaped Economy: What’s Behind the Divide?
Rajashri Chakrabarti, Thu Pham, Beck Pierce, and Maxim L. Pinkovskiy In our companion post, we used a new module of our Economic Heterogeneity Indicators (EHIs) to shed light on how recent retail spending growth has been driven by high-income households. This fact is consistent with the popular press’s idea of a “K-shaped economy” in which higher-income households experience faster growth…
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MARKET
These financial adviser fees pinch your portfolio — and 2 questions can stop them
From revenue-sharing ‘kickbacks’ to interest on idle cash, hidden costs may be eroding your returns. Source link
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SOCIAL MEDIA
TikTok adds Campus Hub feature for US college students
Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. TikTok announced an expansion of its student connection options in-stream, which will provide more ways for verified students of U.S. college campuses to stay in touch with the latest trends among alumni, as well as engage with local events and opportunities. Utilizing…
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GADGET
Tesla Starts Selling Chinese-Made Model 3s In Canada At The EV’s Lowest Price Ever
Tesla has lowered the bar for electric vehicle affordability in Canada with the latest Model 3 Premium Rear-Wheel Drive option. Reintroducing its entry-level sedan in Canada, Tesla’s RWD variant for the Model 3 will start at $39,490 CAD, or approximately $29,000. That’s nearly half the price of the previous entry-level price point for a…
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MOBILE
Xiaomi Civi 6, Civi 6 Pro’s specs tipped
Xiaomi unveiled the Civi 5 Pro last May, so we are expecting the Chinese brand to launch its successor soon. We haven’t heard anything about the Civi 6 Pro from Xiaomi yet, but when it arrives, it will have the Dimensity 9500 SoC under the hood. The word comes from reliable tipster Digital Chat Station, who also said that the…
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SCIENCE
Why the FDA rejected a ‘breakthrough’ melanoma drug
For patients whose skin cancer doesn’t respond to traditional treatments, a new drug called RP1 has been a lifeline—at least for those who can get into a clinical trial. The drug has shown so much promise in such trials that, at the end of 2024, its development was placed on a fast track, with all signs pointing to a speedy…
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CELEBRITY
Jon Cryer Details “Complicated” Charlie Sheen Relationship
Charlie Sheen—the son of Martin Sheen and brother to Emilio Estevez—was one of the original “men” in Two and a Half Men, playing Charlie Harper in the first eight seasons of the CBS sitcom opposite on-screen brother Jon Cryer. The eighth season was cut short in 2011 amid Sheen’s battle with addiction. He famously clashed with executive producer Chuck Lorre in…
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GAMING
New Arc Raiders Map, New Threat: Your Guide to the Arc Turbine in Riven Tides
Summary The new Arc Turbine joins the roster in Arc Raiders’ new update and map, Riven Tides. Learn about this new large Arc enemy and its unique characteristics. Plus, get some insider tips from the devs on how to beat it! The latest free update for Arc Raiders, Riven Tides, launched this week, and alongside the new Riven Tides map…
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