(Reuters) - Robinhood said on Tuesday it had suspended trading in Super Bowl betting contracts after the brokerage received a request from the U.S. Commodity Futures Trading Commission. We are heeding their directive to cease offering these contracts despite the fact that the CFTC has not deemed Kalshi's football championship contracts illegal, said Lucas Moskowitz, Robinhood's general counsel. The trading...

OAKLAND, Calif. (Reuters) - - Lawyers for Elon Musk and ChatGPT maker OpenAI are set to butt heads in the courtroom on Tuesday as a judge will hear arguments on Musk's lawsuit to halt OpenAI's conversion to a for-profit entity. Musk's request to block OpenAI's conversion is the latest move in a grudge match between the world's richest person and...

12:36 PM EST, 02/04/2025 (MT Newswires) -- Tempur Sealy International ( TPX ) said it anticipates completing the acquisition of Mattress Firm Group on Wednesday after the US District Court for the Southern District of Texas denied the Federal Trade Commission's motion to halt the closing. The FTC signaled it won't take other steps to prevent the closing of the...

12:33 PM EST, 02/04/2025 (MT Newswires) -- (Updates to include stock price movement in the headline and the last paragraph and Grab's response to a request for comment in the third paragraph.) Grab Holdings ( GRAB ) is considering a takeover of rival GoTo Group at a valuation of over $7 billion, Bloomberg News reported, citing people familiar with the...