Author: super@dmin
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Front Office Sports: August sports betting revenue increased 116.2% year-over-year
During a month usually known for a lull in the sports calendar, American sportsbooks still managed to rake in the cash.
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Front Office Sports: NBA begins new season with trio of $5 billion franchises
The NBA will tip off a new season Tuesday night with three franchises worth more than $5 billion.
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MarketWatch Options Trader: A seasonal stock market trade that tends to be reliable begins Thursday
Plus, an options play on Kimberly-Clark.
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Cannabis Watch: Canopy Growth stock snaps two-day winning streak after news that Nasdaq objects to plan for U.S. assets
Canopy Growth Corp. shares slid 3% Thursday to end a two-day winning streak, after the company said the Nasdaq exchange is opposed to its plan to consolidate its U.S. assets into a new holding company.
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Earnings Results: Mastercard earnings rise as company calls out strong spending ‘across the board’
Mastercard Inc. became the latest payment-technology company to highlight strong consumer spending
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Market Extra: Market expectations start to shift in direction of slower pace of rate hikes by Fed
Strategists and traders said a narrative is building in markets that the Federal Reserve will likely need to back off aggressive interest rate hikes soon.
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The Wall Street Journal: Federal antitrust probe of professional golf includes Masters host Augusta National Golf Club, U.S. Golf Association and PGA Tour: sources
The PGA Tour is battling the upstart, Saudi-backed LIV Golf’s bid to establish a rival golf tour that has already lured a number of star players.
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Earnings Results: What recession? Caterpillar keeps repeating that demand is ‘healthy,’ ‘strong’ and ‘robust’
In case there was any doubt, Caterpillar Inc. said about a dozen times on its post-earnings conference call that demand remained ‘healthy,’ ‘strong’ and ‘robust.’
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Metals Stocks: Gold ends lower, a day after prices settle at their highest in nearly 2 weeks
Gold futures settle lower on Thursday, after climbing to their highest price in nearly two weeks in the previous session.
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Key Words: ‘We are facing a retirement crisis in our country,’ says head of TIAA, as ‘40% of Americans run the risk of running out of money’
Duckett says inflation, higher borrowing costs, doubts about the vitality of the U.S. economy and a tumble in stocks risks creating major retirement problems