Flutter, the parent company of FanDuel, recently reported outstanding second-quarter earnings, impressing investors and leading to an 8% increase in share prices. FanDuel’s betting platform has been gaining market share and significantly increasing its revenue, even in states with established sports betting and online gaming markets. One of the key highlights was FanDuel’s decision not
Byron Allen’s media empire, consisting of broadcast stations owned by Allen Media Group, has found itself in hot water due to consistently late payments to network owners, including major players like ABC, CBS, and NBC. The delayed payments, totaling tens of millions of dollars, have left network owners frustrated and feeling neglected. This lack of
SpaceX is gearing up for its upcoming private mission called Polaris Dawn, scheduled to launch at the end of the month. This mission marks the first attempt to conduct a spacewalk by astronauts in a private venture. The Polaris Dawn mission is part of billionaire Jared Isaacman’s Polaris Program, which involves three separate flights that
The ongoing competition in the realm of sports streaming services has taken an interesting turn with the recent legal developments involving media giants such as Disney, Warner Bros. Discovery, and Fox. The lawsuit brought forth by Fubo TV against these companies has shed light on some crucial issues that impact both consumers and competitors in
Tencent has exceeded second-quarter expectations with both its revenue and profit numbers. The company reported a revenue of 161.12 billion Chinese yuan, surpassing the estimated 160.77 billion yuan. Additionally, profit attributable to equity holders of the company stood at 47.63 billion Chinese yuan, compared to the expected 39.95 billion yuan. This showcases a significant 8%
The trio of Ryan Reynolds, Hugh Jackman, and Shawn Levy has achieved remarkable success with their latest film, “Deadpool & Wolverine.” Breaking records as the highest-grossing R-rated film of all time, the Disney and Marvel collaboration has proven to be a massive hit both domestically and internationally. The success of “Deadpool & Wolverine” signifies a
Vice President Kamala Harris recently announced a new economic plan that includes an expanded child tax credit of up to $6,000 for families with newborn children. This move is aimed at building on the higher child tax credit that was established through the American Rescue Plan in 2021. Under the previous plan, families could receive
In a recent video, United Auto Workers President Shawn Fain unleashed a scathing attack on Stellantis CEO Carlos Tavares. Fain accused Tavares of price gouging consumers and failing to honor parts of the union’s labor contract with the automaker. These accusations come amidst a backdrop of strained relations between the UAW and Detroit automakers, including
The demand for power from data centers is expected to triple by the year 2030, largely driven by the rapid scaling up of artificial intelligence technology. According to a report by Mizuho Securities, the demand will reach a staggering 400 terawatt hours, representing about 9% of total electricity demand in the U.S. by the end
The stock of Palo Alto Networks has shown a significant increase leading up to the fourth-quarter earnings report. As of Friday’s session, the stock was up nearly 17% since August 5th, outperforming the S&P 500’s gain of roughly 7%. This surge in stock price indicates that investor expectations for the cybersecurity leader are high, which