DraftKings Inc. and FanDuel-owner Flutter Entertainment Plc fell on Tuesday after the Illinois Senate passed legislation that would raise taxes on sports betting. from Bloomberg Markets https://ift.tt/NY8fG9E
This HBO documentary recounts the rise and fall of the movie-ticket subscription service, which signed up millions of users after slashing its monthly price—only to go bankrupt within a few years. https://www.wsj.com/articles/moviepass-moviecrash-review-hbo-documentary-f824d894
PRESS RELEASE. Geneva, Switzerland, May 28, 2024 – The TRON DAO has officially announced LayerZero support for the TRON blockchain, making TRON the second non-EVM chain to be integrated into LayerZero’s cross-chain interoperability protocol. This significant development allows TRON ecosystem developers to seamlessly expand their applications to over 70 other networks supported by LayerZero. LayerZero…
Sifma CEO Kenneth Bentsen discusses the switch to the system known as T+1, which is intended to reduce risk in the financial system. The amount of time permitted to complete stock trades will halve to just one day under the system, which was abandoned in an earlier era as volumes became unwieldy. He speaks on Bloomberg Television. (Source:…
Sandwich chain Subway is selling $3.35 billion of asset-backed securities to help fund its buyout, marking the largest securitization of its kind on record. from Bloomberg Markets https://ift.tt/N5UPDSu
The French leader said Ukrainian forces could only use French Scalp missiles to target military sites within Russia that fire on Ukraine. https://www.wsj.com/articles/macron-permits-ukraine-to-use-french-missiles-to-strike-inside-russia-within-limits-80fe5908
In just over two months, athletes from hundreds of countries will descend on Paris for the highly anticipated 2024 Summer Olympics. Athletes had a shortened window of time to prepare to compete at this year’s Olympic Games due to the COVID-delayed 2020 Summer Olympics. Competition in Tokyo began in July 2021 instead of 2020. As…
An unusual weather phenomenon called a “gustnado,” which looks like a small tornado but is actually a type of whirlwind kicked up by thunderstorm winds, brought some dramatic moments to a western Michigan lake over the weekend. Video posted on social media shows the gustnado churning across Gun Lake south of Grand Rapids on Sunday,…
If a summertime rally in a presidential election year followed form, the S&P 500 might stand at 5650 by Labor Day, according to Bank of America. https://www.cnbc.com/2024/05/28/sp-500-jumped-10percent-in-first-100-trading-days-of-2024-what-happens-next.html
DC Advisory, the investment bank owned by Daiwa Securities Group Inc., hired Michael Moore and Jono Peters from Union Square Advisors as co-heads of US private-capital markets, according to people with knowledge of the matter. from Bloomberg Markets https://ift.tt/UFVhryd