The Dow fell 1.23% on Friday as oil prices jumped, with Brent crude settling at $116.72 a barrel, its highest since April 29. The S&P 500 lost 0.52% and the Nasdaq slipped 0.21% as chip stocks steadied after Thursday's selloff, while the S&P 500 energy sector hit a record high.
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Reuters reported that Kalshi wrapped a $1 billion Series G round at a $40 billion valuation while non-sports markets surpassed $1 billion in annualized revenue. The milestones coincide with new NBA and S&P Dow Jones Indices ties even as Utah and the CFTC pursue separate actions over sports contracts.
European Central Bank President Christine Lagarde will step down on February 7, 2027, about nine months before her eight-year term was due to end, the ECB said Thursday. European Council President António Costa said the process to appoint her successor under Article 283 of the EU treaty begins immediately. No successor has been named.
FuriosaAI said it closed a $620 million (KRW 820 billion) Series D at a $2.9 billion post-money valuation, according to its blog. Bloomberg reports Korea's National Growth Fund put in about $280 million (KRW 370 billion) and international investors $110 million, with Infinitum the largest overseas backer per Korean press. The company says its RNGD accelerator is in mass production and it will produce 20,000 cards this year.
The Federal Reserve kept its benchmark rate in a 3.75% to 4% range on Wednesday, with two officials dissenting in favor of a hike. U.S. stocks closed slightly higher for a third straight day, while the 10-year Treasury yield rose above 5%.
According to reports, Hex has raised $100 million in a Series D at a $1.2 billion valuation while unveiling Hex 4.0. The funding gives the data platform resources to expand teams and push AI-agent workflows to more than 2,500 customers.
