Sports gambling powerhouse DraftKings has made a $195 million, all-cash offer for PointsBet’s U.S. assets, it said on Friday, topping an earlier bid by Fanatics. Last month Fanatics agreed to buy the Australian company’s U.S. operations for $150 million in an effort to boost its presence in sports gambling.”While we…

Members of the Teamsters union are almost certain to approve a massive strike at UPS in a vote concluding Friday. A prolonged work stoppage could severely damage the economy – but a strike is still more than seven weeks away, if it happens at all. Strike votes are a common…

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The XRP price has gained by 1% in the past 24 hours, climbing to $0.478546 as the cryptocurrency market recovers a little from its losses earlier in the week.While XRP remains down by 8% in the last seven days, it’s up by 6.5% in the last 30 and has risen…

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First, let’s me point that, based on my analysis, the recent breach of the 20% level from the October lows for S&P 500 is still a bear market rally, and not the beginning of a new bull market. The most popular ETF that tracks the S&P 500 (NYSEARCA:SPY) is up…

Five months after China’s president Xi Jinping declared victory over the pandemic and relaxed stringent social controls, new data this week revealed that the country’s economy was far from returning to full health.While consumers are venturing out to spend, buyers are shunning property, one of the Chinese economy’s central growth…

A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. As Donald Trump plots his criminal defense in the classified documents case, the GOP candidates looking to block his political redemption are slowly making political calculations. In the…

Investors are bracing for an estimated $1 trillion deluge of Treasury issuance to start flowing later this week and continue in the coming months as part of the latest debt-ceiling resolution. Heavy supply of fresh Treasury debt will refill government coffers run low by another protracted fight in Washington over…

Oil futures settled with a modest gain on Monday, after Saudi Arabia over the weekend agreed to deliver an additional 1 million–barrel daily production cut next month as the Organization of the Petroleum Exporting Countries and its allies moved to extend existing production targets.Price actionMarket drivers Saudi Arabia on Sunday…