There is a silent market rotation inside the S&P 500 that’s warning of more weakness ahead

Key insight: Tokenization projects are no longer viewed as modernization initiatives, but rather as a potential source of new revenue, lower operating costs, improved capital efficiency and differentiated products. Supporting data: A report from Nasdaq and The ValueExchange estimates that tokenized collateral could reduce operating costs by approximately 12% for global institutions. Forward look: Tokenization…

The media continues to sleep on quantum. No surprise, really, between the AI boom and the fact that the science behind the technology can feel inscrutable. But while most everyone slumbers, quantum computers have been making considerable progress. Researchers are getting more qubits, the tech’s fundamental building block, to work together, correcting errors more effectively,…

Last week, OpenAI safety leader David Robinson resigned from the company, becoming the latest to join what is, in his words, a “parade of former colleagues” who have left roles at AI companies amid concerns about the tech or its use. In a subsequent essay for The Atlantic, he said the “trial and error” approach…

Kalshi users as young as 18 are now responsible for billions of dollars worth of trading activity on sports that critics say amounts to a loophole in gambling laws. A recent analysis by CNN showed so far this year users between the ages of 18 and 21 traded an estimated $5.4 billion on Kalshi, the…

Key Points It might seem like a risky time to buy new stocks. The Fed raised its benchmark rates for the first time in three years in September, and the 10-Year Treasury’s 5.3% yield — its highest level since 2007 — is pulling investors toward safer fixed-income investments. But over the long run, many blue…