VIX owner Cboe jumps into prediction markets to build on zero-day options growth

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Global markets operator Cboe has launched its first predictions markets product, the latest financial-markets company working to capitalize on consumer demand in the fast-growing sector. The offering includes binary option contracts based on the Mini-S&P 500 Index, the company said in a press release on Tuesday. Prediction markets, which allows users to speculate on various real-world events such as sports and even political outcomes, have been rising in popularity among investors. The combined monthly global trading volume on Kalshi and Polymarket has risen to about $24 billion in April from less than $5 billion in September last year, according to data compiled by the Pew Research Center. Cboe's contracts are available on Interactive Brokers and will roll out at Charles Schwab over the coming months, the company said. Additional retail brokerage platforms will offer access over time, it added. "We have seen continued customer demand for shorter-dated, outcome-based trad...

Stocks making the biggest moves after hours: FedEx, Cerebras, KB Home & more

Stocks making the biggest moves after hours: FDX, CBRS, KBH Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Check out the companies making headlines after the bell : FedEx Shares shed about 6% after revenue in the fourth quarter narrowly beat Wall Street's expectations. The company posted revenue of $25.01 billion, slightly higher than the $24.04 billion analysts polled by LSEG had sought. KB Home The homebuilder added 2% after posting a fiscal second-quarter revenue of $1.11 billion, beating the $1.10 billion analysts had penciled in, per LSEG. On the other hand, KB Home's earnings of 43 cents per share came under the estimated 45 cents. Cerebras The semiconductor company dropped 8% after posting its first earnings report since going public in May. Cerebras reported a first-quarter loss of 22 cents on revenues of $193.4 million. The company also said core gross margin is expected to shrink to between 36% and 38% in the second quarter, compared to 46.5% in the first. Nike Shares gained 1% after the athleisure retailer announced that current chief financial officer Matthew Friend will step down . He will be replaced by David Denton, effective Aug. 17. Denton will join the company from Pfizer, where he serves as current CFO. The company also said that its fourth-quarter and fiscal year 2026 results, which will be released next Tuesday, will include a benefit from tariff refunds not contemplated in Nike's previously provided guidance. Worthington Enterprises The industrial manufacturer tumbled almost 10% after reporting a fiscal fourth-quarter results that missed expectations. In its last quarter, Worthington posted adjusted earnings of 97 cents per share on revenue of $371.5 million. Analysts surveyed by FactSet were expecting earnings of $1.06 per share and $386.5 million in revenue.

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