Flutter, the parent company of FanDuel, made waves in the gambling industry with their recent second-quarter earnings report. The highlight of the report was FanDuel’s decision not to add a surcharge to offset an Illinois tax hike. This move set them apart from rival DraftKings, who had initially announced a surcharge for consumers in states
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Byron Allen, the media mogul with aspirations of acquiring major media assets, is facing backlash due to his broadcast stations consistently being late in making payments to network owners. The stations owned by Allen Media Group have been reported to be as much as 90 days past due on payments to networks such as ABC,
Zeekr, a Chinese electric car brand, has recently announced the introduction of new batteries that claim to have the fastest charge in the world. The main goal of this offering is to address long-standing consumer concerns regarding battery driving range and the convenience of charging. According to the company, these new batteries can go from
A recent decision by a U.S. judge has temporarily blocked media giants Disney, Warner Bros. Discovery, and Fox from launching their sports streaming service, Venu. The injunction, granted in response to a lawsuit brought by Fubo TV, comes just weeks before the start of the National Football League season, putting a halt to the companies’
Tencent, the Chinese tech giant, exceeded both revenue and profit expectations in the second quarter of the year. The company reported revenue of 161.12 billion Chinese yuan, surpassing the 160.77 billion yuan that was anticipated by analysts. Additionally, Tencent’s profit attributable to equity holders came in at 47.63 billion Chinese yuan, compared to the estimated
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy has proven to be a massive success with “Deadpool & Wolverine.” Surpassing Warner Bros.’ “Joker,” the Disney and Marvel film has broken records as the highest-grossing R-rated title of all time. With over $1.085 billion in global ticket sales, it is clear that this unconventional
The tension between United Auto Workers (UAW) President Shawn Fain and Stellantis CEO Carlos Tavares has escalated, with Fain accusing Tavares of price gouging consumers and failing to adhere to parts of the labor contract with the automaker. Fain’s criticism of Tavares goes beyond the typical disputes that arise during collective bargaining talks, highlighting the
Vice President Kamala Harris recently introduced an economic plan that includes an expanded child tax credit offering up to $6,000 in total tax relief for families with newborn children. This plan seeks to reinstate the higher child tax credit that was implemented through the American Rescue Plan in 2021, providing a maximum credit of up
The stock market is a volatile and unpredictable space, especially when it comes to high-flying tech stocks like Palo Alto Networks. With the stock soaring nearly 17% in the lead-up to its fourth-quarter earnings report, it’s clear that investor expectations are high. However, as experienced investors know, high expectations can often lead to disappointment. It’s
The demand for power from data centers is projected to triple by 2030, largely due to the scaling up of artificial intelligence technology. This growth will lead to an explosion in renewable energy and natural gas consumption. According to a report by Mizuho Securities, data centers will require 400 terawatt hours, or 50 gigawatts annually,
