[ad_1] DraftKings Inc: “I feel safer in my DraftKings than I do in a crypto. That said, gambling, not yet, but that stock is very inexpensive.” Oxford Lane Capital Corporation: “They own these collateralized loan obligations, which is always the stuff people really worry about going into a recession, so …
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[ad_1] Drew Brees #9 of the New Orleans Saints Gregory Shamus | Getty Images Sport | Getty Images Legendary New Orleans Saints quarterback Drew Brees faked being struck by lightning as part of a promotional stunt for betting company PointsBet. A video clip posted to Twitter on Friday showed Brees …
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[ad_1] A Biogen facility in Cambridge, Massachusetts. Brian Snyder | Reuters Check out the companies making the biggest moves midday: Apple — Apple shares fell 2% following a report that iPhone production could take a big hit due to unrest at a Foxconn factory in China, amid protests in China …
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[ad_1] It’s time for investors to ditch shares of DraftKings , according to JPMorgan. Analyst Joseph Greff downgraded shares of the gaming stock to underweight from neutral, saying in a note to clients that the company’s peers offer a clearer path to online-sports-betting (OSM) profitability. “For DKNG, we see a …
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[ad_1] Omar Marques | LightRocket | Getty Images DraftKings said Monday there is no evidence the online betting platform’s systems were breached following a report that some users were hacked. An unknown number of users discovered unusual activity associated with their DraftKings account that led to withdrawals from their bank …
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[ad_1] Pedestrians pass in front of a GAP store in New York. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ross Stores — Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named by Credit Suisse as its …
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[ad_1] Jim “Mattress Mack” McIngvale, of Houston, holds some of the tickets in Atlantic City N.J., Tuesday, Nov. 1, 2022, showing bets he has made on the Houston Astros to win the baseball World Series. Wayne Parry | AP Mattress Mack’s record-breaking $75 million payout on a wager that the …
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[ad_1] The FanDuel Inc. app. Andrew Harrer | Bloomberg | Getty Images Fox lost a legal battle to buy an 18.6% stake in sports betting company FanDuel Group from its parent company Flutter at a reduced valuation, according to a ruling Friday from a New York arbitrator. Should Fox exercise …
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[ad_1] Omar Marques | LightRocket | Getty Images Shares of DraftKings closed down 28% on Friday after the sports betting company reported slower monthly customer growth in the third quarter that fell short of estimates. The company raised its revenue guidance for the year, however, after revenue for the quarter …
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[ad_1] Omar Marques | LightRocket | Getty Images Shares of DraftKings were down 26% Friday after the sport betting company reported slower monthly customer growth in the third quarter that fell short of estimates. The company raised its revenue guidance for the year, however, after revenue for the quarter came in …
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