Recently, DraftKings, a mobile betting powerhouse, made an announcement that shocked many customers across the United States. The company revealed its plans to implement a tax on consumers in states with the highest sports betting tax rates. This decision is aimed at boosting the company’s profit margins, but it has raised concerns among players and
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After the recent chaos that ensued due to a botched CrowdStrike software update, Delta Air Lines CEO Ed Bastian has taken a step towards showing appreciation to the staff members who bore the brunt of the disruptions. By offering employees two free travel passes, Bastian aims to acknowledge the hardships faced by the team during
The recent update on the availability of Eli Lilly’s weight loss injection Zepbound and diabetes drug Mounjaro in the U.S. market reflects a persistent issue of inconsistent supply. It is concerning to note that doses of Mounjaro have been in short supply since as early as 2022, while Zepbound faced shortages following its approval in
Exxon Mobil recently released its financial results for the second quarter, showcasing its second-highest performance in the past decade. The company reported a net income of $9.2 billion, which translates to $2.14 per share. This marks a 17% increase from the year-ago period, where profits stood at $7.9 billion, or $1.94 per share. The merger
Recently, the average rate on the popular 30-year fixed mortgage experienced a significant drop, falling to 6.4%. This marks the lowest rate seen since April 2023. Additionally, the 15-year fixed rate also decreased to 5.89%, reaching its lowest level since early May 2023. These shifts were in response to a weaker-than-expected monthly employment report, which
In today’s society, the influence of social media on consumer behavior cannot be ignored. The constant bombardment of sponsored posts and influencer recommendations has led many individuals to make impulse purchases that they may not necessarily need or afford. This has created a culture of overconsumption and excess, leaving many feeling drained and overwhelmed. The
Tadge Juechter, often referred to as the “godfather” of the modern Corvette, recently retired from General Motors after a successful career spanning close to five decades. He played a pivotal role in introducing the new 2025 Chevrolet Corvette ZR1, which has been hailed as the most powerful and fastest version of the iconic sports car.
When analyzing the recommendations of top Wall Street analysts during earnings season, one of the top stock picks highlighted is Google parent Alphabet (GOOGL). Even though the company recently reported positive results for the second quarter, it is crucial to pay attention to the insights provided by experts in the field. BMO Capital analyst Brian
The Summer Olympics in Paris has been a major event drawing millions of viewers across the U.S. With the emergence of new faces and personalities during the coverage, one name that stands out is Snoop Dogg. His involvement in the Games has sparked both excitement and controversy, leading to a shift in the dynamic of
Berkshire Hathaway, the conglomerate led by Warren Buffett, has seen its cash pile swell to a record-breaking $276.9 billion in the last quarter. This significant increase from the previous record of $189 billion set in the first quarter of 2024 can be attributed to Buffett selling off large portions of stock holdings, including a substantial