US Sends Thousands More Troops to Middle East, Considers Ground Ops in Iran

It's A Gambling Platform "Plain And Simple"; New York Sues Kalshi Authored by Olivier Acuna via CoinDesk.com, New York sued prediction-market Kalshi, alleging it offers sports and event wagers in the state without a gaming license. The petition, filed in the New York Supreme Court on Friday, asks a judge to bar the company from operating an unlicensed gambling business and seeks an accounting of customer bets, losses and company gains, plus restitution, damages and civil penalties. The state is seeking a penalty equal to three times Kalshi’s gains from the activity, plus $100,000 for each...

GoPro Warns It May Not Survive As AI Memory Crunch Bites GoPro shares have been under pressure since last fall, when memory prices began to soar as AI data center buildouts tightened global supply and diverted capacity away from consumer electronics. On Monday, GoPro filed an 8-K with the SEC, warning of "substantial doubt" about its ability to continue as a going concern and stating that it expects to file an update to its financial statements. The action-camera maker, once a $12 billion-plus Wall Street MoMo darling after its 2014 IPO,...

'Mission Impossible' Begins: Watch Live As Kevin Warsh Is Sworn In As 17th Fed Chair Kevin Warsh, who’s promised the biggest shakeup in decades at the US central bank, is set to be sworn into office this morning at 1100ET in a White House ceremony as the 17th chair of the Federal Reserve. Warsh takes over at a tense moment for the economy and the central bank. Inflation has reaccelerated, driven by the impact of war in the Middle East on energy supplies. The Fed, meanwhile, has been battered by President...