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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

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 article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Monday, June 7, 2021 Good, but with plenty to worry about. As usual. “The basic story is of an economy that is recovering well, and which can generally find the workers that it needs,” UBS’s Paul Donovan said on Friday. With that single sentence, Donovan does a nice job capturing the state of the economy. And while some economists and policymakers… Source link

(Bloomberg) — Google agreed to pay 220 million euros ($268 million) and change the way its business works across the world after settling a France probe that struck at the heart of its power over online advertising. France’s antitrust agency said Monday the U.S. tech giant used its dominance over ad sales and purchasing on its platforms to distort the market to its own advantage, hurting publishers such as News Corp. “Google took advantage of its vertical integration to skew the… Source link

Bitcoin Bitcoin, BTC to USD, rose by 0.48% in the week ending 6th June. Following a 2.50% gain from the previous week, Bitcoin ended the week at $35,780.0. A mixed start to the week saw Bitcoin fall to a Sunday intraweek low $34,160.0 before making a move. Steering clear of the first major support level at $32,362, Bitcoin rallied to a Thursday intraweek high $39,482.0. Falling short of the first major resistance level at $39,875 and $40,000 levels, Bitcoin fell back to sub-$35,000… Source link