Business
FanDuel adds 50-cent surcharge on Illinois bets to offset state taxes, DraftKings may follow
FanDuel is upping the ante in Illinois with a new 50-cent surcharge on all wagers, and DraftKings may be next. Flutter-owned FanDuel is introducing the charge to mitigate the impact of new taxes that the state instituted with its new budget, which disproportionately affect the two leading sportsbooks. The new tax is applied to each […]
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Boeing airplane orders rise to highest level since late 2023 ahead of Paris Air Show
Boeing 737 aircraft fuselages are pictured at the company’s Renton factory in Renton, Washington, on April 15, 2025. Jason Redmond | AFP | Getty Images Boeing‘s gross orders for new airplanes hit 303 last month, the most since December 2023, as the company makes strides against its rival Airbus and works to stabilize production of […]
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Paramount to cut 3% of U.S. workforce as it deepens cost-cutting
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is cutting its U.S.-based staff by 3.5%, or several hundred employees, in the latest round of layoffs at the media company as it contends with the decline of the traditional pay-TV bundle and macroeconomic headwinds. The […]
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Warner Bros. Discovery split throws the future of TNT Sports into question
David Zaslav attends the world premiere of “The Flash”, in Hollywood, Los Angeles, California, U.S., June 12, 2023. REUTERS/Mike Blake Mike Blake | Reuters Earlier this year, Warner Bros. Discovery Chief Executive Officer David Zaslav ended his company’s long relationship with the National Basketball Association. Now, he may be setting the stage to end his […]
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Chipotle to launch Adobo Ranch dip after sluggish start to the year
Chipotle Mexican Grill’s new Adobo Ranch dip Source: Chipotle Mexican Grill Chipotle Mexican Grill is hoping that Americans’ love for ranch will boost its sales. On June 17, the burrito chain is launching Adobo Ranch, a spicier take on the iconic condiment that has transcended salads to adorn pizza, chicken wings and chips. The menu […]
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Sports agency Elevate launches $500 million college investment as payment landscape evolves
STATE COLLEGE, PA – DECEMBER 21: Drew Shelton #66 of the Penn State Nittany Lions before a game between SMU and Penn State at Beaver Stadium on December 21, 2024 in State College, Pennsylvania. (Photo by Roger Wimmer/ISI Photos/Getty Images) Roger Wimmer/isi Photos | Getty Images Sport | Getty Images As the college athletics landscape […]
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Warner Bros. Discovery to split into two public companies by next year
Warner Bros. Discovery plans to split into two public companies by next year, the media giant announced Monday, the latest upheaval in the industry as consumers transition from cable to streaming. Warner Bros. Discovery will separate into Streaming and Studios, which will include its movie properties and streaming service HBO Max, and Global Networks, which […]
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Trump wants to bring manufacturing jobs back. The aviation industry can’t hire fast enough
LAFAYETTE, Ind. — President Donald Trump has said he wants to bolster manufacturing jobs and other technical employment in the United States. But in the aviation industry, finding skilled workers to make airplanes and engines — and maintaining those jobs for years to come — has been a struggle. The average age of a certified […]
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Why it’s getting even harder to get into airport lounges now
Bloomberg | Bloomberg | Getty Images Airplane tickets are getting cheaper, but it’s getting more expensive to bring your family to an airport lounge. Capital One is the latest company to limit access to booming airport lounges to combat overcrowding. Starting Feb. 1, Venture X and Venture X Business cardholders will no longer be able […]
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Slate Auto: Inside the EV startup, stealth production facility backed by Jeff Bezos
Slate Auto electric vehicles inside the startup’s beta production facility in Lake Orion Township, Michigan. Slate Auto LAKE ORION TOWNSHIP, Mich. — In a nondescript supplier park in suburban Detroit, an electric vehicle startup backed by Amazon founder Jeff Bezos is building what it hopes will be America’s newest automaker. The facility is filled with […]
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