Tag: market
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BetMGM cuts outlook as prediction market competition grows
July 27 : U.S. online gambling operator BetMGM on Tuesday downgraded its annual outlook for the second time this year and pushed back its target of reaching $500 million in profit, as competition from prediction market platforms mounts intensifies.Licensed sportsbook operators in the U.S. are facing growing p
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Fanatics to buy BGC Group assets to launch prediction market exchange
July 27 : Fanatics, a global sports platform, will acquire a designated contract market and a derivatives clearing organization from brokerage BGC Group to launch its own prediction market exchange, the companies said on Monday.Here are more details from the announcement: • Fanatics will buy Commodit
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Chipmaker CXMT becomes mainland China’s most valuable listed firm
The company’s shares soared by 470% in its market debut, as the AI boom drives chip demand.
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US stocks face tests from Fed decision, tech-led earnings deluge
NEW YORK, July 24 : A wobbly U.S. stock market will take its cues in the coming week from a Federal Reserve meeting set to shed light on the path for interest rates, and from a packed slate of corporate earnings led by technology companies and heavyweights in artificial intelligence.Major equity indexes were
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Will surge in German business bankruptcies hit growth?
Company insolvencies in Germany are rising sharply. Is this a sign of deeper economic weakness, or just a market correction that could ultimately benefit future growth?
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Liverpool have ‘obvious’ gaps to address in transfer market, says Iraola
July 21 : Liverpool have a few areas that need to be strengthened in the transfer market after losing key players and suffering injury setbacks, the Premier League club’s manager Andoni Iraola said.Liverpool have signed Jeremy Jacquet and Victor Munoz, but lost Mohamed Salah, Andy Robertson and Ibrahima Konat
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Investing experts: Why ‘just buy the market’ doesn’t necessarily apply to bonds
The flagship index for bond investors has some idiosyncracies bond investors should be aware of, experts say.
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How ‘blue dot fever’ is affecting concerts
Live music remains popular, but many concerts are struggling with unsold tickets and cancellations. While superstars fill stadiums, smaller venues and acts are facing a crisis.
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HKEX reviews trading hours to boost market access
July 20 : Hong Kong Exchanges and Clearing (HKEX) is reviewing opportunities to enhance market accessibility, including the trading hours of its markets, a spokesperson said on Monday.”HKEX is committed to continuously enhancing Hong Kong’s competitiveness as an international financial centre,” the spokespers
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What’s at stake for Europe’s carbon market blueprint?
The emissions trading system became a global blueprint for pricing carbon and cutting CO2. Now industry groups are pushing back against tougher climate rules. How effective is the scheme and where does it fall short?
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