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Markets

Why U.S. stocks stayed calm despite Iran tensions and a surge in oil prices

Tensions in the Middle East involving Iran flared again, but U.S. stocks showed a limited reaction even as oil prices jumped. CNBC\'s \"Mad Money\" host Jim Cramer said markets are now more sensitive to the bond market, corporate earnings and artificial intelligence investment flows than to geopolitical shocks. He cited steady interest rates, a smaller real-economy hit from higher oil prices, resilient manufacturing demand and AI-led investment as key factors supporting equities.

Crypto

HBO\'s John Oliver targets prediction markets, says manipulation is too easy and regulation is a void

HBO satire show \"Last Week Tonight with John Oliver\" criticised prediction market platforms, highlighting regulatory gaps and the ease of manipulation. Oliver cited Kalyshi and Polymarket and described betting on political statements or whether events occur. He also criticised the U.S. Commodity Futures Trading Commission for not adequately controlling contracts tied to risky events such as terrorism, assassination and war. The sector is growing fast, with forecasts it could reach $1 trillion by 2030.

Crypto

Binance sues Wall Street Journal for defamation, focusing on protecting user trust

Binance has filed a defamation lawsuit in New York against Dow Jones, the publisher of the Wall Street Journal. It claims a February WSJ report contained at least 11 false statements. The WSJ reported Binance fired staff who raised concerns over more than $1 billion in crypto transactions linked to Iran-related sanctioned entities. The case draws attention because New York has strong media protections and anti-SLAPP rules, raising the burden for a defamation claim.