IRS silence leaves prediction-market traders facing tax uncertainty
Tax experts say prediction-market gains could be treated as gambling income, capital gains or Section 1256 contracts absent federa...
By Marcus V. Thorne 2 months agoMarkets Editor
Marcus V. Thorne
Marcus writes the market wraps and the flows analysis: equities, volatility, and the positioning behind the tape.
Latest from Marcus V. Thorne
K-beauty gains ground in U.S. as retailers expand shelf space
NielsenIQ data show U.S. Korean beauty sales reached $2.8 billion in early 2026, as chains including Olive Young, Sephora and Targ...
By Marcus V. Thorne 2 months ago
FAA restores Boeing authority to certify 737 Max and 787 jets
The regulator said eight months of comparable quality findings supported returning airworthiness certificate sign-off to Boeing.
By Marcus V. Thorne 2 months ago
Tanker traffic through Hormuz drops after renewed Iranian attacks
Maritime security executives say crews are resisting Hormuz crossings after at least nine attacks on ships since July 6.
By Marcus V. Thorne 2 months ago
Zoox recalls robotaxi software after Las Vegas smoke incident
Amazon-owned Zoox recalled software in 105 robotaxis after one entered a smoky emergency fire scene in Las Vegas, according to a f...
By Marcus V. Thorne 2 months agoCalifornia voters to weigh 5% tax on billionaire wealth
A November ballot measure would levy a one-time tax on billionaire residents, setting up a fight over revenue, mobility and compet...
By Marcus V. Thorne 2 months ago
House passes bill blocking firearm retailer card codes
The measure would bar banks and card networks from using a merchant category code dedicated to gun sellers, according to Congress....
By Marcus V. Thorne 2 months ago
CNBC poll finds socialist label less costly than MAGA among voters
CNBC’s latest All-America Economic Survey shows Democrats leading the generic ballot as views of socialism improve, especially amo...
By Marcus V. Thorne 2 months ago
US homebuyer affordability weakens for fifth month as rates weigh
NAR’s affordability index showed the income needed for a median single-family home loan rose to $109,152 in June, despite modest y...
By Marcus V. Thorne 2 months ago
Police link tap-to-pay fraud rings to $1bn in annual retail crime
Law enforcement says stolen cards, digital wallets and retail apps are changing organized retail theft, with gift cards central to...
By Marcus V. Thorne 2 months ago
Oil gains as US-Iran threats put regional infrastructure in focus
WTI and Brent rose more than 1% as Tehran warned it would retaliate against regional infrastructure if Washington attacked Iranian...
By Marcus V. Thorne 2 months ago
Moonshot AI says new Kimi model narrows China’s gap with US rivals
Moonshot AI released Kimi K3, a 2.8 trillion-parameter model it says beats several OpenAI and Anthropic systems on selected benchm...
By Marcus V. Thorne 2 months ago