Month: May 2022
Kentucky Derby owner Churchill Downs moves away from online gambling, doubles down on horse betting
Churchill Downs, which owns the Kentucky Derby, is changing its strategy when it comes to sports wagering. The company is doubling down on horse race betting and moving away from online sports betting and iGaming digital casino games, CEO Bill Carstanjen told CNBC. “We saw an environment for our company where we didn’t see positive […]
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Google’s cloud group forms Web3 team to capitalize on booming popularity of crypto
Thomas Kurian, chief executive officer of cloud services at Google LLC, speaks during the Google Cloud Next event in San Francisco on April 9, 2019. Michael Short | Bloomberg | Getty Images Google’s cloud unit is forming a team to build services for developers running blockchain applications as the company tries to capitalize on the […]
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Nvidia didn’t tell investors enough about effects of crypto mining on its business, SEC says
A sign is posted in front of the Nvidia headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan | Getty Images Nvidia will pay $5.5 million as part of a settlement with the SEC that it did not properly inform investors about how cryptocurrency miners were stoking demand for its graphics cards. Nvidia […]
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Stocks making the biggest moves midday: Peloton, Under Armour, Monster Beverage and more
A Peloton exercise bike is seen after the ringing of the opening bell for the company’s IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. Shannon Stapleton | Reuters Check out the companies making headlines in midday trading Friday. Peloton — Shares of Peloton dropped more than 6% […]
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How college athletes line up tens of thousands of dollars in name, image and likeness deals
The NCAA enacted an interim name, image and likeness policy almost a year ago, which allows athletes — many of whom have big social media followings — to make deals with local car dealerships, and in some instances, with major retail and media brands. Several states have written their own individual laws to regulate compensation […]
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SpaceX splashes down NASA’s Crew-3 mission, completing its sixth astronaut flight
SpaceX’s Crew Dragon capsule Endurance splashes down in the Gulf of Mexico off the coast of Tampa, Florida on May 6, 2022. NASA TV SpaceX returned the astronauts of NASA’s Crew-3 mission to Earth early Friday morning, marking the completion of its sixth human spaceflight. Crew Dragon capsule Endurance splashed down off the coast of Tampa […]
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These low-volatility funds offer stability when the Dow swings by 1,000 points
One fund also focuses on companies that pay steady dividends. Source
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Peloton shares hit all-time low as pressure mounts under new CEO Barry McCarthy
In this photo illustration the Peloton Interactive logo seen displayed on a smartphone screen. Rafael Henrique | LightRocket | Getty Images Peloton Interactive shares tumbled to an all-time low Friday as investors lose hope that the connected fitness equipment maker can turn itself around and post a profit, even under a new chief executive officer. […]
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Ice cream freezers to get ‘warmed up’ in trial by Ben & Jerry’s owner
According to Unilever, the industry standard for freezer temperatures in many markets stands at minus 18 degrees Celsius (around 0 degrees Fahrenheit). The temperature of freezers in the trials will be minus 12 degrees Celsius. Chris Ratcliffe | Bloomberg | Getty Images Unilever — which owns brands including Ben & Jerry’s, Magnum and Wall’s — […]
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DSW is testing a store layout that puts the spotlight on brands like Adidas, Crocs and Birkenstock
DSW debuts a new smaller store. Source: DSW DSW is trying out a new store look and layout at a location opening this weekend in Houston, in an attempt to focus customers’ attention on key brands. It will feature shops-in-shops for national brands like Adidas, Brooks, Birkenstocks and Crocs, as well as Vince Camuto and […]
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