Davis Giangiulio

Articles by Davis Giangiulio

Ken Griffin says Citadel unwound more than 80% of risk tied to Situational Awareness portfolio - CNBC

Business August 22, 2026

Ken Griffin of Citadel in a letter to clients on Friday addressed for the first time the firm's purchase of assets from Leopold Aschenbrenner's Situational Awareness hedge fund.Β  According to a lett...

New York sues Kalshi, says prediction market is running 'illegal gambling operation' - CNBC

Business August 1, 2026

New York state sued prediction market platform Kalshi on Friday, alleging that the company is running an "illegal gambling operation." In a case filed in a Manhattan state court, the lawsuit claims οΏ½...

A July rate hike from the Fed? The odds are rising - CNBC

Business July 14, 2026

Renovation work continues on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on December 9, 2025 in Washington, DC. ThοΏ½...

Kalshi launches 'Pro' product for users trading multiple markets at same time, perpetual futures - CNBC

Business July 14, 2026

Prediction market platform Kalshi is launching a product for its highly active traders on Monday, the company told CNBC. Kalshi Pro, now available to the public, is designed for speculators who tradοΏ½...

Kalshi traders think gas prices will stay higher for longer as U.S.-Iran tensions heat back up - CNBC

Business July 11, 2026

On Thursday, the national average of gas prices was at $3.84, according to AAA, up 5 cents from the day prior. The rise comes as U.S. oil prices rose as high as $75 per barrel on Wednesday, up from aοΏ½...

The World Cup sends prediction market volumes soaring to record highs - CNBC

Business July 5, 2026

The 2026 FIFA World Cup was forecast to be the biggest gambling event in history. For prediction market platforms, that's led to soaring trading volumes in June.Β  Kalshi saw more than $31 billion in...

Stocks making the biggest moves premarket: AMD, Disney, Uber, Corning, Super Micro Computer & more - CNBC

Business May 7, 2026

After Coinbase, prediction market traders forecast more tech layoffs ahead - CNBC

Business May 6, 2026

Coinbase became the latest tech company to announce a round of layoffs Tuesday morning, blaming artificial intelligence for altering the company's operations. Prediction markets traders think the finοΏ½...

U.S. oil prices will exceed Iran wartime high to above $125 as conflict drags on, Kalshi traders say - CNBC

Business May 2, 2026

Western Texas Intermediate crude futures haven't hit their highs in 2026 yet, according to traders on Kalshi.Β  Users on the prediction markets platform think that there's a more than 50% chance that...

Apple execs to talk China and tariffs, but will avoid discussing foldable iPhone, per traders on Kalshi - CNBC

Technology May 1, 2026

On Apple's first earnings call since the company announced its planned C-suite changes, traders on Kalshi think the company may discuss its creator studio, streaming platform and a fellow megacap tecοΏ½...