Skip to content
A look at the shareholders of Spirit Airlines, Inc. (NYSE:SAVE) can tell us which group is most powerful. Large......
Top news and what to watch in the markets on Wednesday, July 15, 2020....
Online betting giant DraftKings (DKNG) has announced the launch of a standalone Casino app in Pennsylvania. This marks the second state where the app will be made available, following last month’s launch in New Jersey.According to DraftKings, iGaming fans in Pennsylvania will now be able to experience a more holistic product suite and dynamic gaming experience.Like in New Jersey, the app features exclusive new games, plus revamped classics, including Blackjack and Roulette. It will also offer games from third-party providers like International Gaming Technology.DraftKings Casino was previously made available to Pennsylvanians through the DraftKings Sportsbook app earlier this spring. Looking forward, DraftKings says Pennsylvania customers will also soon have access to the DraftKings Live Dealer Studio which will operate 24/7.DraftKings added that it is prepared to unveil its Casino product in additional states where regulations allow.Shares in DraftKings have exploded by an incredible 180% since its Nasdaq debut in April- although the stock is trading down 27% on a one-month...
(Bloomberg Opinion) -- The coronavirus stock market, like Covid-19 itself, is something never experienced before. Get used to it.Since March, when the global pandemic became an American catastrophe, the U.S. economy has been a shadow of its 2019 self. Yet some of the most-followed measures of equity set records while an explosion in infections showed no sign of peaking and the 14.7% unemployment rate in April was the worst since the Great Depression. The seeming contradiction of simultaneous exuberance and disaster reflects a durable change in the way investors look at U.S. companies even as wishful politicians yearn to return to an old normal.The market’s best performers are champions of remotely engaged commerce quite different from most of the companies comprising the favorite benchmarks, which lag by comparison. There’s nothing surprising about the five biggest contributors to the stock market’s resilience this year because they happen to have the greatest weighting in the Bloomberg U.S. Large-Cap Price Return...
OPEC and allies such as Russia meet on Wednesday to decide oil output policy from August amid broad market expectations the group will ease supply curbs as the global economy slowly recovers from the coronavirus pandemic. A panel involving key ministers and known as the Joint Ministerial Monitoring Committee (JMMC) meets on Wednesday after 12 GMT to recommend the next level of cuts. Five OPEC+ sources have said no recommendations have been made to prolong record cuts into August....
