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DraftKings Inc

DraftKings reverses plans for a user tax as FanDuel wows Wall Street

by Adrian Jhonsan
DraftKings reverses plans for a user tax as FanDuel wows Wall Street

Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company’s FanDuel betting platform captures market share and grows revenue dramatically, even …

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Categories World

Trustly posts 51% profit jump; CEO says IPO at least 2 years out

by Ev Richard
Trustly posts 51% profit jump; CEO says IPO at least 2 years out

Trustly CEO Johan Tjarnberg. Trustly The boss of Swedish financial technology startup Trustly says an initial public offering for the company is still a year or two away from happening, …

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Categories Technology

Jim Cramer’s top 10 things to watch in the stock market Friday

by Adrian Jhonsan
Jim Cramer’s top 10 things to watch in the stock market Friday

My top 10 things to watch Friday, May 3 The Dow , the S & P 500 and the Nasdaq set to surge at Friday’s open, moving a leg higher …

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Categories World

Stocks making the biggest moves premarket: SQ, LYV, CVNA, BKNG

by Albert Wagner
Stocks making the biggest moves premarket: SQ, LYV, CVNA, BKNG

Check out the companies making headlines before the bell. Intuit — The stock slipped 1% after the financial software company issued weaker-than-expected earnings guidance for the fiscal third quarter. Live …

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Categories Trending Now

The Fed’s rate hikes did little to slow our robust economy

by Adrian Jhonsan
The Fed’s rate hikes did little to slow our robust economy

Can’t stop won’t stop? OK, you will never confuse me for a rapper, but those are the four words that describe this economy right now. And as we walk into …

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Categories World

5 things to know before the stock market opens Monday

by James Odonell
5 things to know before the stock market opens Monday

1. Record run Here are the most important news items that investors need to start their trading day: The S&P 500 closed above 5,000 on Friday for the first time …

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Categories Politics

ESPN Bet plans launch in New York, the largest U.S. betting market

by Adrian Jhonsan
ESPN Bet plans launch in New York, the largest U.S. betting market

ESPN Bet is coming to the Big Apple. Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It’s the …

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Categories World

Earnings from Shopify, Marriott and Wendy’s

by Adrian Jhonsan
Earnings from Shopify, Marriott and Wendy’s

CNBC’s Jim Cramer on Friday prepared investors for next week on Wall Street, saying investors should pay attention as earnings season continues, with reports from companies including Shopify, Marriott and …

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Categories World

FanDuel, DraftKings launch online sports betting in Vermont

by Adrian Jhonsan
FanDuel, DraftKings launch online sports betting in Vermont

FanDuel, DraftKings and other online gambling apps are displayed on a phone in San Francisco, on Sept. 26, 2022. Jeff Chiu | AP Vermont launched mobile sports betting Thursday, becoming …

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Categories World

Draft Kings hacker pleads guilty in fantasy sports betting case

by James Odonell
Draft Kings hacker pleads guilty in fantasy sports betting case

Sports betting company DraftKings’ logo is displayed on a smartphone screen. Budrul Chukrut | Lightrocket | Getty Images A Wisconsin teenager pleaded guilty Wednesday in New York federal court to …

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Categories Politics
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