How does a gambling site lose money? DraftKings just lost $250 million in revenue — mostly on NFL games.
The company experienced “the most customer-friendly stretch of NFL sport outcomes we have ever seen,” its CEO said.
Stellantis to indefinitely lay off 1,100 workers at Jeep plant in Ohio
A view of the Jeep Plant where United Auto Workers members are picketing on September 18, 2023 in Toledo, Ohio. Sarah Rice | Getty Images DETROIT — Automaker Stellantis announced plans Wednesday to cut a manufacturing shift and indefinitely lay off roughly 1,100 workers at a Jeep plant in Ohio. The company, which has been […]
AppLovin’s stock easily seals its best week ever. It’s now up 600% this year.
The ad-tech company is now approaching a market capitalization of $100 billion.
Bentley further delays all-EV plan as it embraces plug-in hybrids
A staff member checks a Bentayga SUV on the Bentley production line at its factory in Crewe, England, on Dec. 7, 2022. Phil Noble | Reuters Bentley Motors is once again pushing back a target to exclusively offer all-electric vehicles, with plans to continue leaning into plug-in hybrid electric vehicles until at least 2035. The […]
California-led EV mandates ‘impossible’ to meet
A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images DETROIT — Toyota Motor sounded the alarm Friday that California-led electric vehicle mandates that are set to start next year are “impossible” to meet and, if they’re not changed, […]
‘I’m a mother in turmoil’: My daughter refuses to see me. She says I didn’t do anything wrong — or right. I have 5 kids. Do I cut her out of my will?
“Our family trust is a couple of decades old and needs revision.”
MLB, Braves object to Diamond Sports reorganization plan
A Major League Baseball logo at Angel Stadium in Anaheim, California, May 22, 2022. Ronald Martinez | Getty Images Major League Baseball and the Atlanta Braves have raised issues with the reorganization plan and future viability of Diamond Sports Group, the country’s largest owner of regional sports networks, according to a Friday bankruptcy court filing. […]
Treasury volatility gauge plunges as bond traders navigate election, the Fed
Yields on U.S. government debt finished mixed on Friday amid lower volatility as traders absorbed the election of Donald Trump as U.S. president and the Federal Reserve’s 25-basis-point interest-rate cut.
Philadelphia Phillies raise capital at $3 billion valuation
Philadelphia Phillies managing partner and principal owner John Middleton signs autographs prior to the 2024 London Series game between the New York Mets and the Philadelphia Phillies at London Stadium in London on June 9, 2024. Daniel Shirey | Major League Baseball | Getty Images The Philadelphia Phillies recently raised close to $500 million in […]
‘It strikes me as vengeful’: My friend wants to boycott a coffee shop because of the owner’s political views. Is this what America has become?
“There was a pile-on of hate and jubilance at the thought of putting this man out of business.”
