The New England Patriots went 7-9 in 2020, their first season without Tom Brady on the roster since 2000. The 2000 season was the last time the Patriots had a losing record, but one bettor at BetMGM thinks things will go a whole lot better for Bill Belichick’s group in 2021. According to BetMGM, one customer placed a $10,000 bet on the Patriots to win the Super Bowl next season at +3000 odds. If that comes to fruition, the bettor would win $300,000. Following that bet, BetMGM moved its odds… Source link

Stocks struggled for direction Monday morning as investors weighed the prospects of higher inflation and rates in the U.S. against Friday’s solid print on the U.S. labor market recovery.  The Dow turned slightly lower, while the Nasdaq pushed into positive territory. The S&P 500 was little changed, and the index hovered just below its record high.  On Sunday, U.S. Treasury Secretary Janet Yellen suggested higher interest rates “would actually be a plus for society’s point of view and the… Source link

Spin rate and the attempted crackdown against foreign substances is the biggest story in baseball right now. After Gerrit Cole’s spin rate was noticeably down during his (poor) last start, Trevor Bauer’s was way down during Sunday’s loss. He still managed to strike out Ronald Acuna with just one eye open, but this could have a real effect moving forward. There’s not much fantasy managers can actionably do at this point other than possibly include Dodgers pitchers in trade offers… Source link

Former Denver Broncos offensive lineman Ja’Wuan James secured $9 million Monday, but is still seeking $15 million from a different team.  James signed a two-year, $9 million deal with the Baltimore Ravens on Monday, according to ESPN’s Adam Schefter. The deal will pay James $500,000 to rehab his Achilles injury in 2021. James will make a little over $8 million in 2022.  The contract comes on the same day it was reported James filed a grievance against the Denver Broncos seeking to recoup his… Source link

(Bloomberg) — The sale of Medline Industries Inc. to a consortium of private equity firms has brought one of the world’s wealthiest families into the limelight. The deal, valued at more than $30 billion, stands to rank among the biggest transactions ever involving a family-owned business. The proceeds from the majority investment by Blackstone Group Inc., Carlyle Group Inc. and Hellman & Friedman will largely flow to the Mills, a Chicago-based clan who’ve been in the medical supply… Source link

The penalty comes as the tech giant faces multiple US suits over anti-competitive behavior and could lead to similar agreements with officials elsewhere. Facebook (FB), the other dominant player in digital advertising, is being investigated separately by EU regulators over claims that its use of data gives it an unfair advantage in the business. In a statement on Monday, France’s competition authority said it had fined Google (GOOGL) “for abusing its dominant position” in the market for… Source link

Meme stock mania has been mighty kind to the small-cap Russell 2000 Index after its reconstitution last June.  The total market capitalization of the Russell 2000 Index surged 84% from last year’s reconstitution (or the addition and subtraction of new companies to the index) to $3.5 trillion, FTSE Russell said in weekend tweet. This year alone, the Russell 2000 is up more than 16% compared to a 12% gain for the S&P 500. “In 2020, overall capitalization for the U.S. equity market stayed… Source link

The second round of the NBA playoffs continues on Monday night with two games and Yahoo Sports’ Jared Quay has the picks you need for all of the action. All odds via BetMGM.  Even with James Harden going out with a hamstring injury, the Brooklyn Nets won and covered the spread in Game 1 of their Eastern Conference semifinal series against the Milwaukee Bucks. Harden is out for Game 2 and the Nets are slight favorites of 2.5 points at BetMGM with the total listed at 233.5. With Harden… Source link

This photograph taken on September 28, 2017, shows a smartphone being operated in front of the logos of Google, Apple, Facebook and Amazon web giants. Damien Meyer | AFP | Getty Images The world’s biggest tech companies are facing a corporate tax avoidance crackdown after the Group of Seven most developed economies agreed a historic deal Saturday. The G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits. The reforms, if finalized, would… Source link

Google has agreed to pay roughly $270 million in fines and change some business practices as part of a settlement announced on Monday with French antitrust regulators who had accused the company of abusing its dominance of the online advertising market. The French competition authority said the agreement was the first time an antitrust regulator had taken direct aim at Google’s online advertising infrastructure, a platform that scores of websites worldwide rely on to sell ads. The… Source link