Sport Gambling’s Riskiest Bet
Synopsis by Forbes May 25 23
A total of 36 states have legalized sports gambling since 2018 and another three could get in the game this year. Here's where the action is across America.Read full article 
USA TODAY: As betting on the PGA Tour, NFL, NBA and more continues to grow, are states doing enough to curb gambling addiction?
News on this topic
Sport Gambling’s Riskiest Bet: Universities are shaking hands with casinos.
slate.com/technology/2023/05/sports-betting-fantasy-football-draftkings-fanduel.html
Getting a handle on sports betting: Betting scandals in college sports and other woes from a rapid rise in legalized gambling on athletics push New Jersey to ...
csmonitor.com/Commentary/the-monitors-view/2023/0525/Getting-a-handle-on-sports-betting
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Sport Gambling’s Riskiest Bet: Universities are shaking hands with casinos.
slate.com/technology/2023/05/sports-betting-fantasy-football-draftkings-fanduel.html
Getting a handle on sports betting: Betting scandals in college sports and other woes from a rapid rise in legalized gambling on athletics push New Jersey to ...
csmonitor.com/Commentary/the-monitors-view/2023/0525/Getting-a-handle-on-sports-betting
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Poker: Olympic champion & TV star: Gambling at the 3rd BILD POKER NIGHT | Sports: The cards are flying again on the 19th floor of the Axel Springer high-rise in ...
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Edinburgh man scoops £225k in Las Vegas from £12 poker bet during lads' weekend: Peter Ferguson was left pinching himself after returning home from Sin City ...
dailyrecord.co.uk/news/scottish-news/edinburgh-man-scoops-225k-las-32604769
Israel Credit Rating Downgraded by S&P on Heightened Geopolitical Risk: Israel was downgraded by S&P Global Ratings, which joined Moody’s Investors Service ...
bloomberg.com/news/articles/2024-04-18/s-p-downgrades-israel-rating-on-heightened-geopolitical-risk
Stock Market Today: Dow, S&P Live Updates for April 19: A selloff in the world’s largest technology companies hit stocks, with the industry that has powered the ...
bloomberg.com/news/articles/2024-04-18/stock-market-today-dow-s-p-live-updates
EXCLUSIVE: Kind Founders Reveal How They're Building A Better Web3 For Creators, Gamers And Communities -
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TSMC Outlook Beats Estimates as AI Demand Helps Propel Business: Taiwan Semiconductor Manufacturing Co. expects revenue to rise as much as about 30% this quarter ...
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Quick Glance: TSMC Forecasts Q2 Growth Due to 'Insatiable' AI Demand
- TSMC, the world's largest chipmaker, forecasts a potential up to 30% increase in sales in the second quarter, driven by strong demand for semiconductors used in artificial intelligence (AI).
- The CEO of TSMC emphasized the insatiable demand for energy-efficient computing power for AI applications, stating that almost all AI innovators are collaborating with the company.
- Benefiting from the AI wave, TSMC expects revenue from AI servers to surpass 20% by 2028. The company anticipates that strong demand for its 3nm and 5nm technologies will support business in the second quarter of 2024.
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Everything Oil: Future of the Most Versatile Food Oil May Lie in Latin America: The world is facing a growing shortage of its most versatile edible oil ...
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Bitcoin Holds Steady After ‘Halving’ Concludes: Bitcoin price falls slightly after the fourth ‘halving’ event concludes.
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Paid articlePaid Investment Opportunities With Hot Inflation, Higher-for-Longer Interest Rates: Rising prices and high interest rates are frustrating investors ...
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Paid articlePaid It's a Wilder Stock Market Now. Don't Panic.: Investors should prepare for more stock market choppiness ahead amid the Iran-Israel conflict ...
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Quick Glance: S&P 500: Potential Downside Risk with Nasdaq 100 in Peril (Technical Analysis)
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- In the era of 'buying the dip,' there is a chance that a decline could occur gradually or swiftly, or it could even be a false alarm.
- As a risk manager, it is more important to assess the risks of different market segments and position accordingly, rather than speculate on market movements.
- The primary goal is to avoid being affected by market-changing sell-offs, and adjusting the portfolio to address the current market risks is crucial.
Citi (C) Holds Call for 125 Basis Points of Fed Rate-Cuts in 2024: Economists at Citigroup Inc. are going out on a limb by wagering that virtually everyone on ...
bloomberg.com/news/articles/2024-04-17/citigroup-says-wall-street-is-wrong-to-slash-fed-rate-cut-bets
Fed Interest-Rate Cut Is Not Likely Until End of Year, Raphael Bostic Reiterates: Federal Reserve Bank of Atlanta President Raphael Bostic said he’s comfortable ...
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Paid articlePaid Macklem Sees Little Impact of Canada Budget on Fiscal Track: Bank of Canada Governor Tiff Macklem said Prime Minister Justin Trudeau’s recent budget did not ...
bloomberg.com/news/articles/2024-04-19/macklem-sees-little-impact-of-canada-budget-on-fiscal-track
Paid articlePaidQuick Glance: Macklem Sees Limited Impact of Canada Budget on Fiscal Direction
- Bank of Canada Governor Tiff Macklem suggested Prime Minister Justin Trudeau’s recent budget, which balanced increased spending with a capital gains tax hike and improved revenue forecasts, did not significantly contribute to inflationary pressures.
- Macklem informed reporters on Friday that the budget did not alter the government's fiscal trajectory significantly compared to the November fiscal update. It was highlighted that Finance Minister Chrystia Freeland upheld her commitment regarding deficit maintenance and shortfall reduction goals for the future.
- The Governor emphasized the continued adherence of the budget to these guidelines, which was deemed beneficial. He refrained from delving into specific details of budget measures, emphasizing the responsibility of lawmakers to deliberate on the government's fiscal plan.
- Macklem expressed that the latest three inflation indicators showed a sustained downward trend, with the bank awaiting confirmation that this trend will persist to ensure the progress towards price stability is maintained.
Latin America Sees Low-Rate Dreams Crumble, Political Woes Rise: The region that led the world into a promising cycle of interest rate cuts is warning that ...
bloomberg.com/news/articles/2024-04-19/latin-america-sees-low-rate-dreams-crumble-political-woes-rise
Paid articlePaid Biden Trade Chief Sees Conclusion of China Tariff Review ‘Soon’: President Joe Biden’s trade chief said that she expects a conclusion on a review of tariffs on ...
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Paid articlePaid Wall Street Fires Up Deals for Preferred Shares With Fed on Hold: Fading hopes that the Federal Reserve will soon cut rates are prompting US banks to re-evaluate ...
bloomberg.com/news/articles/2024-04-19/wall-street-fires-up-deals-for-preferred-shares-with-fed-on-hold
US Imposes Fresh Sanctions on Iran Over Israel Drone Barrage: The Biden administration imposed fresh sanctions on Iran over its April 13 strike on Israel ...
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Paid articlePaid US Consumer Prices Rose More Than Expected in March
bloomberg.com/news/live-blog/2024-04-10/us-cpi-report-for-march
Yuan (CNY USD) Usage Making Larger Share of International Payments, Swift Says: The Chinese yuan is accounting for a growing share of international payments ...
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Why Is Gold Suddenly Rising Right Now?: Gold’s scorching run to an all-time high may seem easy to explain from a distance, given the fractious geopolitical ...
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Fire Engulfs Copenhagen Landmark Old Stock Exchange Building: A fire ripping through Denmark’s old stock exchange building has torn down the structure’s ...
bloomberg.com/news/articles/2024-04-16/copenhagen-landmark-old-stock-exchange-building-is-on-fire
Paid articlePaidQuick Glance: Devastating Fire Strikes Copenhagen's Old Stock Exchange
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- The tower, standing at 184 feet, featured a distinctive design resembling four intertwined dragons’ tails, symbolizing protection against enemies and fire, as indicated by tourism websites.
- Deputy Prime Minister Troels Lund Poulsen referred to the incident as Denmark’s unique moment akin to Notre Dame, alluding to the 2019 fire in the roof of the Parisian landmark.
OJ Simpson has been cremated, estate attorney in Las Vegas says: O.J. Simpson's lawyer in Las Vegas says the former football star and celebrity criminal ...
apnews.com/article/oj-simpson-attorney-cremation-estate-vegas-ff03515baead538400ca6075c25bdb28
Quick Glance: OJ Simpson Cremated, Estate Attorney in Las Vegas Reveals Details
- Former football star and infamous criminal defendant O.J. Simpson was cremated at the age of 76 in Las Vegas, as confirmed by his attorney Malcolm LaVergne.
- The cremation took place on Wednesday morning at Palm Mortuary in downtown Las Vegas, with few attendees present.
- Simpson's ashes will be given to his children to handle as per their father's wishes, with no public memorial planned.
- Simpson's children are the sole beneficiaries of his estate, as the attorney works to assess the value of his assets which may not cover the outstanding legal judgments.
Bloomberg Weekend Reading: The Risky Economics of Global Uncertainty: Get caught up.
bloomberg.com/news/newsletters/2024-04-20/bloomberg-weekend-reading-the-risky-economics-of-global-uncertainty
Economists Boost US GDP Forecasts, See Fed Rates Higher for Longer: Economists once again upgraded their forecasts for US growth, spending and employment ...
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US Retail Sales Exceed Forecast and Prior Month Revised Higher: US retail sales rose by more than forecast in March and the prior month was revised higher ...
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Phish's Trey Anastasio on playing the Sphere, and keeping the creativity going: Phish has been performing to thousands of dedicated fans for decades and prides ...
apnews.com/article/phish-trey-anastasio-interview-sphere-20068418879badab459f1d5e84047f9b
Quick Glance: Phish's Innovative Use of Sphere's Technology
- Phish kicked off their four-night stay at the Sphere with an extraordinary utilization of technology, surprising even their most dedicated fans.
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- Audiences experienced unique visual displays, felt the music through haptic technology, and enjoyed diverse lighting effects.
- Phish intentionally opted for only four shows to create distinctive experiences and stay true to their tradition of never repeating the same show twice.
Japan’s Finance Minister Warns on Yen Ahead of IMF-G7 Meetings: Japan’s finance minister warned that he’s ready to take all available measures in the foreign ...
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US elections: Conservative revolution expected if Trump wins: In a "PRO Global" series, the NZZ wants to show what consequences a second US presidency of Donald ...
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Summers: Another Trump term would bring ‘inflationary spiral,’ big deficits: Former Treasury Secretary Larry Summers warned Wednesday that a second Trump ...
thehill.com/homenews/campaign/4601150-summers-trump-term-inflationary-spiral/
McKinsey Begins to Cut Roughly 360 Jobs Amid Slowdown in Client Demand: McKinsey & Co. is beginning to eliminate roughly 360 jobs as the consulting giant ...
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Paid articlePaid Electric cars, solar panels and wind turbines: dispute over China's overcapacity: Is China flooding the world with cheap solar panels, wind turbines or electric ...
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US Bank Earnings: Traders Beat Estimates as Net Interest Income Slumps: Wall Street’s traders are picking up the slack as income from lending slumps across the ...
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Paid articlePaid TDR Capital Nears Deal to Buy Billionaire’s Stake in UK’s Asda: TDR Capital is closing in on a deal to buy gas-station billionaire Zuber Issa’s stake in Asda as ...
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Paid articlePaid My God, Trump! How dangerous are the nationalist Christians in the USA?: Christian nationalist representatives were present when Trump supporters stormed the ...
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Oil Poses More Risks for Yen (JPY USD) as Japan Depends on Energy Imports: As if the yen doesn’t have enough reasons to weaken, risks are emerging that higher ...
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Banxico’s Espinosa Says It’s Too Soon for a Long Easing Cycle: Mexico central bank Deputy Governor Irene Espinosa on Wednesday said it’s too soon to talk about a ...
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IMF Financial Stability Report: Basis-Trade Section Calls Out Funds’ Bond Wagers: A small group of funds has accumulated such large short wagers in the Treasury ...
bloomberg.com/news/articles/2024-04-18/huge-bond-wagers-make-some-hedge-funds-too-big-to-fail-imf-says
Paid articlePaid Don’t Make This Inheritance Mistake. It Could Cost Your Loved Ones Big Time.: The issue is something called stepped-up basis. Certain assets, including stocks ...
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Paid articlePaid Israel-Iran: Another Mideast Shock for Markets: The revenge cycle shows no sign of letting up. Now, Tehran will weigh the level of escalation.
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Paid articlePaid Wall Street Bonus Rules Return to Regulatory Agenda in Third Try: US financial watchdogs plan to take another crack at regulating Wall Street executives’ pay — ...
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Paid articlePaid BOE Governor Expects Sharp Drop in UK Inflation Next Month: Bank of England Governor Andrew Bailey expects a sharp drop in Britain’s inflation rate next month ...
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Paid articlePaid Bond Funds Dangling 5% Yields Lure Cash Back to Active Managers: Bond powerhouses including Pacific Investment Management Co., BlackRock Inc ...
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Paid articlePaid Micron to Get $6.1 Billion in CHIPS Act Funding for Plants in New York and Idaho: The new fab to be built near Syracuse, N.Y., could create 50,000 jobs ...
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Paid articlePaid Chinese Economy’s Strong Start to 2024 Is Already Fading: China announced faster-than-expected economic growth in the first quarter – along with some numbers ...
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Paid articlePaid Why so Many People Seem to Be Taking Adderall These Days: The forces behind this booming drug use.
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Paid articlePaid Hudson Bay Closes $800 Million Fund to Bet on Special Situations: Hudson Bay Capital Management has raised over $800 million to invest in so-called special ...
bloomberg.com/news/articles/2024-04-19/hudson-bay-closes-800-million-fund-to-bet-on-special-situations
Paid articlePaid T. Rowe Price Says Yen Is at Risk of Falling 10% Against Dollar: The Japanese yen will continue its drop and could slide another 10% to levels not seen since the ...
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Paid articlePaid ECB Will Need to Make More Cuts This Year and Next After June, Villeroy Says: The European Central Bank will need to make further reductions to interest rates ...
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Paid articlePaid WTO Chief Warns of ‘Free for All’ Under Trump’s Plan to Raise Tariffs: Former President Donald Trump’s plan to raise tariffs on US imports would spark a “free ...
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Paid articlePaid China Outweighs G-7 as Leading Driver of Global Economic Growth: China will be the top contributor to global growth over the next five years ...
bloomberg.com/news/articles/2024-04-18/china-outweighs-g-7-as-leading-driver-of-global-economic-growth
IMF Steps Up Its Warning to US Over Ballooning Debt
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Paid articlePaid Gold (XAUUSD) Jumps After Iran Strike Against Israel Stokes Haven Demand: Gold rose as much as 1.2% shortly after the open as Iran’s attack on Israel over the ...
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Paid articlePaid African Critical Minerals Output Could Reach $2 Trillion by 2050: Sub-Saharan Africa could produce almost $2 trillion of metals required for the energy ...
bloomberg.com/news/articles/2024-04-19/african-critical-minerals-output-could-reach-2-trillion-by-2050
Paid articlePaid A $9.5 Trillion ESG Investor Group Wants Private Market Reforms: Global ESG investors with $9.5 trillion under management say it’s time to demand more ...
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Marijuana Stocks Gain Momentum on Cannabis Reform Hopes: Investors have been diving into cheap pot stocks in hopes that a change in US policy will unlock major ...
bloomberg.com/news/articles/2024-04-19/marijuana-stocks-gain-momentum-as-cannabis-reform-hopes-linger
Paid articlePaid IMF Says Growth’s Secret Sauce Is American Catch-Up: Data from its latest World Economic Outlook suggest that the more a country’s product and labor markets ...
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Paid articlePaid EU to Discuss Paradigm Shift at Competitiveness Summit: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the ...
bloomberg.com/news/newsletters/2024-04-18/eu-to-discuss-paradigm-shift-at-competitiveness-summit
JPY USD: Yen Traders Brace for 160 Level Even as Intervention Risks Rise: A tumbling yen is spurring traders to game plan how much further Japan’s beleaguered ...
bloomberg.com/news/articles/2024-04-16/yen-traders-brace-for-160-level-even-as-intervention-risks-rise
Paid articlePaid OJ Simpson, fallen athlete accused of murder, dies at 76: O.J. Simpson has died. The decorated football star who was acquitted of charges he killed his former ...
apnews.com/article/oj-simpson-death-5f2e659775684544b3034c380157cac9
Quick Glance: O.J. Simpson's Failed Attempt at Rebranding
- O.J. Simpson tried unsuccessfully to improve his image through social media.
- Despite attempts at normalization through videos, he could not alter his negative image.
- Expert Bernt Ullmann explains Simpson's lack of remorse, crucial for a successful comeback.
- Simpson's controversial videos further polarized and isolated him from the public.
Electric Cars in Norway May Push Diesel Rivals Off Top by 2026: Norway, the pioneer in abandoning combustion-engine automobiles, may see electric cars become the ...
bloomberg.com/news/articles/2024-04-19/electric-cars-in-norway-may-push-diesel-rivals-off-top-by-2026
WTO Chief Warns of ‘Free for All’ Under Trump’s Plan to Raise Tariffs: Former President Donald Trump’s plan to raise tariffs on US imports would spark a “free ...
bloomberg.com/news/articles/2024-04-16/wto-chief-warns-of-free-for-all-under-trump-s-tariff-hike-plan
Paid articlePaid Solar Groups Lobby Biden to Head Off Trade Case Over Import Tariffs: Solar developers are lobbying the Biden administration to bolster support for domestic ...
bloomberg.com/news/articles/2024-04-18/solar-groups-lobby-biden-to-head-off-sector-roiling-trade-case
Paid articlePaid Summers Warns About Avoiding a ‘Large and Egregious Error’ in Monetary Policy: Inflation data show the Fed should leave rates where they are, he says
bloomberg.com/news/newsletters/2024-04-13/summers-warns-about-avoiding-a-large-and-egregious-error-in-monetary-policy
Moody’s Reduces Outlooks on Direct Lending Funds Managed by BlackRock, Oaktree: Moody’s Ratings this week gave private credit investors greater reason for ...
bloomberg.com/news/articles/2024-04-18/three-private-credit-funds-get-moody-s-warning-on-problem-loans
Hedge Fund Founder Sanjay Shah on Trial in UK Over £1.4 Billion Tax Scam: Hedge fund founder Sanjay Shah was accused of being the mastermind behind a ...
bloomberg.com/news/articles/2024-04-15/hedge-fund-founder-sanjay-shah-on-trial-in-uk-over-1-4-billion-tax-scam
Paid articlePaid Emerging Market FX Index Drops to 2024 Low After Iran’s Attack on Israel: The resurgent dollar cut a swath through global emerging-market currencies Tuesday ...
bloomberg.com/news/articles/2024-04-16/emerging-market-fx-index-drops-to-2024-low-after-iran-s-attack-on-israel
Paid articlePaid Netflix (NFLX) Stock Falls as Weak Revenue Forecast Overshadow Subscriber Adds: Netflix Inc. shares tumbled the most in two years on Friday as a weak forecast ...
bloomberg.com/news/articles/2024-04-18/netflix-adds-9-33-million-customers-crushing-street-forecasts
Paid articlePaid
Home Sales in March Had Biggest Decline in 16 Months: Sales of previously owned homes decreased 4.3% from the prior month to a seasonally adjusted annual rate of ...
on.wsj.com/3Q8Iqdf
Ayala’s ACEN to Spend $15 Billion to Quadruple Power Capacity: ACEN Corp., the energy unit of Philippine conglomerate Ayala Corp., expects to spend $15 billion ...
bloomberg.com/news/articles/2024-04-18/ayala-s-acen-to-spend-15-billion-to-quadruple-power-capacity
Paid articlePaid Lindner Says Germany Should Avoid Copying US IRA as It Doesn’t Reduce Inflation: German Finance Minister Christian Lindner warned his coalition partners against ...
bloomberg.com/news/articles/2024-04-17/german-finance-chief-lectures-us-on-spending-at-washington-event
Paid articlePaid Dubai Mansion Sales Soar as Wealthy Flock to Palm-Shaped Island: Sales of homes with a price tag of $10 million or more climbed 19% in Dubai during the first ...
bloomberg.com/news/articles/2024-04-16/dubai-mansion-sales-soar-as-wealthy-flock-to-palm-shaped-island
Paid articlePaid Senators Propose New Bill Banning Algorithmic Stablecoins: Two senators — one Republican, one Democrat — are proposing a measure to regulate stablecoins amid a ...
bloomberg.com/news/articles/2024-04-17/senators-tout-new-stablecoin-bill-as-broader-banking-deal-eyed
Paid articlePaid Emerging-Market Assets Sink to 2024 Low Amid Growth, Rate Risks: The benchmark index for emerging-market equities erased its 2024 advance and the gauge for ...
bloomberg.com/news/articles/2024-04-16/emerging-market-assets-sink-to-2024-low-amid-growth-rate-risks
Paid articlePaid Oil Traders Wager on $250 Price by June as War Risk Escalates: Oil traders piled into more than 3 million barrels worth of options contracts in a bet that prices ...
trib.al/ckNH2nm
Shopper sparks outrage after 'paying $7 for a single apple:' 'What economy are we all f--king living in?'
nypost.com/2024/04/18/lifestyle/shopper-sparks-outrage-after-paying-7-for-a-single-apple/
Quick Glance: Outrage Stirred by Expensive Apple Purchase
- A Boston influencer sparked outrage by sharing that she paid $7 for a single apple at Whole Foods.
- The video clip, shared by the woman under the username @via..li, has since been deleted from her own account.
- Despite Whole Foods listing the Organic Sugarbee Apple at $3.99 per pound in most Boston zip codes, prices may vary at different outlets.
- The TikTokker claimed the apple cost $7, causing outrage among viewers, although some expressed doubts about her story.
Treasury Yields Reach New 2024 Highs After March Retail Sales: Most US Treasury yields climbed to new year-to-date highs — and the 2-year note’s approached 5% — ...
bloomberg.com/news/articles/2024-04-15/treasury-yields-reach-new-2024-highs-after-march-retail-sales
Paid articlePaid Scottish Power to Pay £1.5 Million for Overcharging Customers: One of Britain’s largest energy suppliers was slapped with a £1.5 million ($1 ...
bloomberg.com/news/articles/2024-04-16/scottish-power-to-pay-1-5-million-for-overcharging-customers
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