The Draft Kings, Inc. ticker symbol: DKNG is a digital sports entertainment and gaming company engaged in providing online sports betting. Online casinos, daily fantasy sports product offerings, Draft Kings Marketplace. Retail sports betting, media and other gaming product offerings. consumption. It operates through the following segments: Business-to-Consumer (B2C) and Business-to-Business (B2B). The business-to-consumer segment … Read more
Bank of England (BoE) Monetary Policy Committee Member Swati Dhingra noted on Wednesday that there is only so much central bank policy can do in the face of trade-based supply shocks in order to keep prices stable. Key highlights Monetary policy action alone is not well-suited to address system price shocks in key sectors such as … Read more
The SEK is the best performing G10 currency in the month to date, Rabobank’s FX analyst Jane Foley notes. EUR/SEK hits a fresh 1 year low and bounces back “At the end of last week EUR/SEK hit a fresh 1 year low and has since been bumping along close to the 11.12/11.14 support area. A … Read more
EUR/USD faces pressure above 1.0500 as the US Dollar gains amid a strong recovery in US bond yields. Republicans-controlled House of Representatives passed a $4.5 trillion tax cut plan on Tuesday. Investors await the preliminary German HICP for February and the US PCE inflation data for January, scheduled for Friday. EUR/USD continues to face selling pressure above … Read more
Yesterday was yet another ugly session for US stocks. The increasingly heavier weight of Trump talk, deteriorating relationships across the globe combined with higher inflation expectations on tariffs, the uptick in inflation and weakening expectations from US consumers are certainly to blame for the selloff in equities – that boost appetite in bonds, considered to … Read more
COMEX Copper futures surged after President Trump ordered an investigation into Copper imports on national security concerns, paving the way for tariffs down the road, ING’s commodity analysts Warren Patterson and Ewa Manthey notes. COMEX Copper futures up more than 3% “The US imports roughly 45% of its Copper needs. As such, it’s not a … Read more