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U.S. sports-betting service BetMGM, a joint venture between MGM Resorts and Entain, posted core profit for the first quarter on Monday, supported by strong growth in its iGaming and online sports divisions.Shares of Entain, which owns the Ladbrokes and Coral brands, rose as much as 10.1 per cent to 647.6 pence. MGM shares were up 1.8 per cent at 32.2 cents.BetMGM has been pushing to grow its online presence and capitalise on the booming e-betting market amid stiff competition. Its online sports division reported a 68 per cent revenue growth despite unfavourable sports outcomes during key moments in the quarter.…
The protected land includes a one-acre fish hatchery at Unicorn Lake in eastern Maryland and the sprawling Green Ridge State Forest in the west. It includes shorelines, farms and woods around Naval Air Station Patuxent River, and the Chesapeake Forest Lands, some 75,000 wooded acres that are home to species like bald eagles and the once-endangered Delmarva fox squirrel.None of it can be developed, and all of it has helped Maryland reach a landmark conservation goal six years ahead of schedule, before any other state that’s joined an effort known as “30 by 30.”The program is part of a global…
Spotify has paid more than $100 million to podcast publishers and creators since January, the company told The New York Times’s DealBook.The payout is the result of a program introduced in 2025 that opened up new revenue streams to eligible hosts. But it is also an attempt to draw more creators (and their audiences) to Spotify, as the rise of video podcasting has driven many of them to YouTube.Video has come to dominate podcasting. More than half of Americans over the age of 12 have watched a video podcast — but primarily on YouTube, according to an Edison Research report…
SEOUL :South Korea’s state-run Korea Development Bank plans to sell its shares in Hanwha Ocean, Maeil Business Newspaper reported on Monday. KDB plans to split its 19.5 per cent shares in the shipbuilder into multiple block sales, after a bookbuilding from Monday, the newspaper reported, without citing clear sources.KDB was unavailable for comment after business hours. KDB is the second-largest shareholder in Hanwha Ocean, after Hanwha Aerospace, which owns a 30.4 per cent stake, according to LSEG data. The shipbuilder, previously Daewoo Shipbuilding & Engineering whose largest shareholder was KDB, was acquired by Hanwha Group in a takeover deal in 2022. Hanwha Ocean…
The Trump administration said it will accelerate permit approvals for mining, drilling and fossil fuel production and transportation on public land, fast-tracking a review process that would normally take years. In announcing the emergency procedures Wednesday, the Department of the Interior, which oversees the management of federal lands and natural resources, said the permitting process will now take up to “28 days at most” — a drastic departure from the current one- to two-year timeline. The government agency said the move is in response to President Trump’s January 20 declaration of a national energy emergency. In an executive order on the first…
Meta whistleblower Sarah Wynn-Williams told senators in testimony Wednesday on Capitol Hill that the social media company worked “hand in glove” with the Chinese government to censor its platforms, among other allegations.”I saw Meta executives repeatedly undermine U.S. national security and betray American values,” Wynn-Williams said in her opening remarks, which were obtained by CBS News before the hearing.Republican Sen. Josh Hawley of Missouri, who chairs the Senate Judiciary Subcommittee on Crime and Counterterrorism and led the bipartisan hearing, said Meta CEO Mark Zuckerberg “made censorship his business model.””The evidence that we have in black and white is a company…
TAIPEI :Taiwanese contract electronics manufacturer Inventec has agreed to invest up to $85 million to build manufacturing facilities in Texas to help mitigate the impact of U.S. tariffs, it said on Monday.In a statement to the Taiwan stock exchange, the company said that its U.S. subsidiary would look for “suitable production” plants in the southwestern U.S. state.The plan has been agreed upon by the board to “meet customer shipment location requirements, actively pursue new customers and markets, and mitigate the impact of fluctuations in U.S. tariff policies,” the company said in its short statement.It did not elaborate. The company is…
Trump exempts smartphones, computers from most tariffs, a relief for corporate giants – CBS News Watch CBS News President Trump retreated a bit in his trade war with China on Friday, exempting smartphones, computers and other electronics from the hefty tariffs. The move is a relief for companies like Apple and consumers who are concerned about how tariffs could affect prices. Willie James Inman has the details. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link
LONDON : British retailer Marks & Spencer told agency staff at its central England distribution centre to stay at home on Monday, after it stopped taking online orders following a cyber incident last week. Shares in the company, one of the best known names on Britain’s shopping streets, were trading down 2 per cent on Monday, having lost as much as 8 per cent since April 22 when it said it had been grappling with a cyber incident for a few days.M&S told agency staff who usually work at its Castle Donington distribution centre near Derby not to come in,…
Last weekend, Treasury Secretary Scott Bessent went on television and said people who wanted to retire right now were not paying attention to the stock market.On the NBC program “Meet the Press,” referring to those who have “put away for years in their savings account,” he said the following: “I think they don’t look at the day-to-day fluctuations of what’s happening.”Is that true? I asked readers of our Your Money newsletter who were on the cusp of retirement whether they were watching the markets and, if so, why?About 400 people replied. More than 90 percent of them said they were…