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Goldman Sachs has reversed course, now forecasting the Federal Reserve will raise interest rates by twenty-five basis points in October. The pivot follows the Fed's own hawkish near-term projections, signaling that borrowing costs may stay elevated longer than markets had hoped, with real consequences for tech investment and startup funding.
Turning to a legal setback for prediction markets, the Ninth Circuit ruled against Kalshi in the case brought by Blue Lake Rancheria, dealing a significant blow to the platform's ambitions. Kalshi has been pushing aggressively to expand event contract trading, and this appellate loss raises serious questions about where those markets are legally permitted to operate.
And in science that rewrites what we thought we knew, fossil tooth analysis has now confirmed that Tyrannosaurus rex was warm-blooded. Researchers examining growth patterns and isotopic data say the findings place T. rex firmly alongside birds and mammals metabolically, fundamentally changing our picture of how these animals lived, hunted, and dominated their world.
That's your briefing for today. Keep surfing. Tech Beat out.
