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 in well established states with sports betting and online gaming. But it was the declaration that FanDuel will not add a surcharge to offset an […]
Oakland B’s Pioneer League baseball launches crowdfunding campaign
Paul Freedman, co-founder and CEO of the Oakland Ballers Paul Freedman, a 45-year-old serial entrepreneur who has founded and sold five educational technology companies, decided last June he wanted a new type of venture: a baseball team. When MLB’s A’s announced last year they planned to leave Oakland, California, for Las Vegas, Freedman was despondent. […]
‘There’s a lot of uncertainty in life’: These Gen Z workers are crushing retirement already. What the rest of us can learn.
Generation Z is “focused” and “intentional” when it comes to planning for the future.
Ro launches GLP-1 insurance coverage checker
Zoom In IconArrows pointing outwards The direct-to-consumer health-care startup Ro launched a new free tool Tuesday to help patients determine whether their insurance covers a buzzy class of weight loss and diabetes drugs called GLP-1s. Most insurance plans cover GLP-1s when they are used to treat diabetes, so those patients can usually avoid the roughly […]
Victoria’s Secret stock rallies as it names new chief executive from Rihanna’s Savage X Fenty
Apparel maker also hikes Q2 adjusted earnings target
Crypto magnate Chun Wang buys SpaceX polar spaceflight Fram2
SpaceX’s Crew Dragon capsule “Endurance” is seen during the Crew-3 mission for NASA on May 5, 2022. NASA Private polar expeditions are reaching a new level: Space. Cryptocurrency speculator Chun Wang bought a SpaceX multi-day flight for an undisclosed amount, the company announced on Monday, with plans to lead the first crewed space mission in […]
Justice Department considering breaking up Google, among other options: report
The Justice Department is weighing a potential breakup of Google, among other options, Bloomberg News reported on Tuesday.
Home Depot (HD) Q2 2024 earnings
Home Depot on Tuesday topped quarterly expectations, but cautioned that sales will be weaker than expected in the back half of the year as high interest rates and consumer uncertainty dampen demand. The home improvement retailer said it now expects full-year comparable sales to decline by 3% to 4% compared with the prior fiscal year. […]
Starbucks replaces CEO Laxman Narasimhan with Chipotle CEO Brian Niccol
Starbucks announced Tuesday it’s replacing CEO Laxman Narasimhan with Chipotle CEO Brian Niccol, sending its stock soaring 24.5%, its best day ever. Chipotle’s stock fell over 10% on the news that Niccol would leave after a successful tenure at the burrito chain. Narasimhan’s departure is effective immediately. Starbucks CFO Rachel Ruggeri will step in as […]
Activist investor Elliott plans to start proxy fight with Southwest: report
A major activist investor with a big stake in Southwest Airlines Co. is escalating its fight with the air carrier, with plans to wage a proxy battle and nominate a slew of candidates to the company’s board, according to a report on Tuesday.
