Unprofitable companies face headwinds as they struggle to keep operating expenses under control.
Some may be investing heavily, but the majority fail to convert spending into sustainable growth.
Several professional athletes have announced taking salary or endorsement money in Bitcoin (CRYPTO: BTC) in recent years, including NFL superstar Saquon Barkley.
Investor sentiment shifts towards risk-on assets, as growth-oriented ETFs hit fresh highs. ARK Invest's funds lead the rally, benefiting from optimism around disruptive tech and easing headwinds. Other thematic ETFs, like ALAI and BETZ, also reach new milestones. Analysts attribute this to a soft landing for the economy and confidence in equity markets. However, valuation risks are still present.
Scottie Scheffler has made a ton of money for himself and sports bettors in recent years. Some fans and bettors aren't happy when he loses and want refunds.
FanDuel is adding a new betting fee, responding directly to a new Illinois tax. DraftKings stock rises as bettors may now switch to avoid its rival's fee.
Fantasy sports and betting company DraftKings (NASDAQ:DKNG) fell short of the market’s revenue expectations in Q1 CY2025, but sales rose 19.9% year on year to $1.41 billion. The company’s full-year revenue guidance of $6.3 billion at the midpoint came in 1.1% below analysts’ estimates. Its non-GAAP profit of $0.12 per share was in line with analysts’ consensus estimates.
A number of stocks jumped in the afternoon session after the major indices rebounded, as the Bureau of Labor Statistics report revealed a resilient labor market with non-farm payrolls rising by 139,000 in May 2025, significantly above the consensus forecast of 125,000.
Shares of DraftKings Inc. (NASDAQ: DKNG) are trading lower Monday after Illinois passed a new budget proposal that includes increased taxes on sports betting.
