DraftKings (DKNG) shares slid on Monday as Wall Street analysts downgraded the stock to Underweight amid a bleaker-than-expected outlook for the online gambling company in 2023. “We suggest investors rotate out of DraftKings and Penn Entertainment (PENN) which we are downgrading today,” JPMorgan analyst Joseph Greff wrote in a research note published Monday. “For DKNG, we see a longer runway and more risk to achieving [online sports betting] profitability than its peers and with the… Source link
Read More »Google executive cautions Canada against adopting ‘extreme’ new internet rules
Google senior vice-president and general counsel Kent Walker appears before the House Intelligence Committee on Capitol Hill in Washington on Nov. 1, 2017.Aaron Bernstein/Reuters A senior Google executive is urging Canadian lawmakers not to go too far as they prepare to debate a wave of government bills aimed at imposing new rules on web giants. In a recent interview with The Globe and Mail’s editorial board, Google’s president of global affairs and chief legal officer, Kent Walker, said… Source link
Read More »Doctor cautions Americans about traveling to Florida
As the highly transmissible Delta variant spreads nationwide, the Centers for Disease Control and Prevention (CDC) and the State Department urged Americans to avoid traveling to the UK. But that’s not going far enough, U.S., Dr. Ebony Jade Hilton, GoodStock Consulting co-founder and medical director, told Yahoo Finance Live. In fact, Americans should be careful traveling to certain areas within the U.S. “If we’re going to talk about traveling to the U.K., then we should also caution… Source link
Read More »IBM’s CEO cautions against making ‘plans’ for a return to work
Bloomberg CDC Eases Mask Rules; NYC Offers Burgers for Shots: Virus Update (Bloomberg) — President Joe Biden’s administration took its biggest step yet toward declaring victory over the coronavirus pandemic — announcing that fully vaccinated Americans can ditch their masks in most settings, even indoors or in large groups. Masks are still required on buses, trains and other forms of public transportation, as well as airports.To drive vaccinations, New York Mayor Bill de Blasio is offering… Source link
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