In recent news, Flutter reported outstanding second-quarter earnings, impressing investors and causing shares to surge by approximately 8% on Wednesday. The success was attributed to the growth in revenue of FanDuel, particularly in states where sports betting and online gaming are already well established. However, the key announcement that caught everyone’s attention was FanDuel’s decision
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Tencent, one of the leading tech giants in China, exceeded both top and bottom line expectations in the second quarter. With a revenue of 161.12 billion Chinese yuan ($22.5 billion), beating the LSEG consensus estimate of 160.77 billion yuan, and a profit of 47.63 billion Chinese yuan surpassing the expected 39.95 billion yuan, the company
The collaboration between Ryan Reynolds, Hugh Jackman, and Shawn Levy in “Deadpool & Wolverine” has set a new milestone in the world of cinema. Surpassing Warner Bros.’ “Joker,” the Disney and Marvel film has become the highest-grossing R-rated title of all time. With over $1.085 billion in global ticket sales, it has proven the audience’s
Palo Alto Networks has recently made a significant shift towards “platformization,” which involves bundling its products and services together. This strategy has caused the company to offer certain products for free or at a discount initially to attract customers to try out their consolidated offerings. While this move led to a nosedive in Palo Alto’s
United Auto Workers President Shawn Fain recently released a video where he openly criticized Stellantis CEO Carlos Tavares, accusing him of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker. Fain’s comments shed light on the deteriorating relationship between the CEO and the union leader following contentious collective
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 proposal aims to build on the higher child tax credit established through the American Rescue Plan in 2021. The plan has garnered both support and
The demand for power from data centers is expected to triple by the year 2030. As artificial intelligence continues to scale up at a rapid pace, there will be a significant increase in energy consumption from these facilities. According to a report from Mizuho Securities, data centers will require 400 terawatt hours, or 50 gigawatts
Private jet flights have experienced a noticeable decline of 15% in the first half of the year from their peak in 2022. This decline comes as the industry grapples with reduced demand and a shifting landscape for high-end travel. Despite a temporary increase in private jet flights during the Summer Olympics, with a record 713
China’s financial risks have decreased, according to Pan Gongsheng, the Governor of the People’s Bank of China. In an interview with state media, Pan mentioned that the overall risk level has significantly declined and highlighted the reduction in the number and debt levels of local government financing platforms. These platforms were initially created to enable