**ESPN–Penn Sportsbook Deal Sends PENN Stock Soaring; DraftKings Tumbles** *By * In a major game-changing move, Disney-owned ESPN has announced a partnership with Penn Entertainment to launch a gambling sportsbook. The deal has already had a significant impact on the stock market, with PENN stock soaring overnight while DraftKings experienced a significant drop. **ESPN–Penn Sportsbook […]
Approval for $6 Billion Sale of Commanders, and Snyder’s Exit Background Owners of the National Football League’s (NFL) 31 other teams have unanimously approved the sale of the Washington Commanders to a group led by Josh Harris, the private equity billionaire. The sale price of $6.05 billion to Daniel Snyder, the scandal-plagued owner of the […]
UK‘s CMA Open to New Microsoft–Activision Probe After U-Turn Background The Competition and Markets Authority (CMA) in the UK announced on Wednesday that it is open to reconsidering the $69 billion deal between Microsoft and Activision Blizzard, subject to a new investigation. This decision marks a significant reversal from the CMA, which had previously blocked […]
2023 Free Agency Reports: Cavs Land Max Strus in Sign-and-Trade Deal The Cleveland Cavaliers have made a significant move in the 2023 NBA free agency by acquiring former Miami Heat swingman Max Strus in a sign-and-trade deal involving the San Antonio Spurs. Strus, who played a key role in the Heat’s run to the 2023 […]
Twitch Star Signs $100 Million Deal With Rival Platform Introduction Félix Lengyel, known as xQc, one of the most popular livestreamers on Twitch, has announced that he will be joining a rival streaming platform called Kick. This move is seen as a significant blow to Twitch and highlights the strained relationship between the platform and […]
The Rise of xQc and the Mammoth Kick Deal: A New Era for Streaming The Landscape of Streaming Platforms The world of streaming platforms has seen a seismic shift with the announcement of Félix “xQc” Lengyel’s move to Kick, a rival platform looking to challenge Twitch’s dominance. xQc, known as one of the largest streamers […]
U.S. Debt Ceiling Standoff: What You Need to Know As the deadline to raise the U.S. debt limit approached, the country faced the risk of defaulting on its debt obligations which would have had severe consequences on the financial system, the economy, and the government’s creditworthiness. In a bid to prevent this, Speaker Kevin McCarthy’s […]
Doubts and uncertainty surround Biden-McCarthy’s debt ceiling deal The debt ceiling deal agreed to by House Speaker Kevin McCarthy and President Joe Biden still faces opposition from Republicans and Democrats, and its future remains uncertain. The proposal aims to increase the amount of money that the government can borrow through the end of 2024, averting […]