Day: September 11, 2020

Michael Jordan is now a partial owner of DraftKings

Chicago Bulls legend and Charlotte Hornets owner Michael Jordan is joining DraftKings as a partial owner and adviser to business operations.



Michael Jordan wearing a suit and tie smiling at the camera


© Provided by Fansided


NBA legend Michael Jordan has reportedly decided on his latest business venture, taking partial ownership of DraftKings in exchange for a role as a special adviser, per ESPN’s David Purdum. The move makes a great deal of sense, considering Jordan’s known penchant for gambling and success with other brands.

Per CNBC, the announcement gave an immediate boost to the company’s stock, with shares jumping 16 percent following Jordan’s decision to join. After such a massive increase, it seems that his decision to invest in the daily fantasy sports sector is already paying off.

According to Purdum, Jordan’s actual equity stake is unknown, but his involvement with the sports betting company, despite his ownership of the Charlotte Hornets, does not qualify as a conflict of interest

Read More

Industrial Solvents Market Price Analysis 2020, Size, Share and Global Business Opportunities to 2026

The MarketWatch News Department was not involved in the creation of this content.

Sep 11, 2020 (The Expresswire) —
The globalIndustrial Solvents Marketis likely to foresee impressive growth in the forthcoming years. The is ascribable to the latest innovations and accelerated globalization.

The global industrial solvents market size is expected to register promising growth owing to rapid growth of industrialization in developing economies. Fortune Business Insights published this information, in its latest report, titled“Industrial Solvents Market Size, Share and Industry Analysis, By Type (Alcohol, Glycol, Ketones, Esters, Hydrocarbons, Others) By Application (Paints and Coatings, Adhesives, Cosmetics, Printing Ink, Pharmaceutical, Others) Others and Regional Forecast, 2019-2026.”

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against

Read More

Singapore Airlines to cut 4,300 jobs due to pandemic, most in its history

TipRanks

Wells Fargo: 3 Stocks That Could Climb Over 50%

A speculative fever from the bulls pushed the market to historic heights, but have the bears now been vindicated? Following a record breaking five-month rally, stocks have dipped from their record highs. The recent decline had been preceded by warnings, which had been making the rounds for weeks, that a reality check was overdue. Weighing in for Wells Fargo, senior global equity strategist Scott Wren stated, “We have not had much give back in this gigantic run that we’ve had. So inevitably the stock market sell-off was bound to happen.” This, however, is not to say that exciting plays can’t be found in the current financial environment. “Certainly, pullbacks are opportunities in our minds,” the strategist explained.Taking Wren’s strategy to heart, the analysts at Wells Fargo are pounding the table on three stocks. According to these pros, each could gain

Read More

“RICO” Defendant John Ritenour & Insurance Office of America Accused of “Stealing Insurance Commissions” from Its Own Agents; Witnesses Sought Regarding Allegation

In New Lawsuits Filed Against the Ritenours, Insurance Office of America, John Ritenour and Heath Ritenour are accused of “Skimming Insurance Commissions” from IOA’s Sales Agents: Witnesses Sought in Connection to Allegations

Orlando, FL, September 03, 2020 –(PR.com)– Witnesses sought relative to allegations against Insurance Office of America and “RICO” Defendants John Ritenour and Heath Ritenour for “Skimming Insurance Commissions” from Insurance Office of America insurance Agents. In an Amended Complaint filed in Broward County Circuit Court, Plaintiff, represented by Farrow Law Firm, alleges: “Defendants Valli Ritenour, John Ritenour and Heath Ritenour (wife, husband and son) are founders/corporate officers of Defendant Insurance Office of America – one of the largest privately-owned insurance companies in the United States. These Defendants tout themselves as having created a ‘family-oriented’ insurance company that ‘partners’ with their sales force to provide the best working environment and largest commissions in the insurance industry.

“Defendants Valli Ritenour,

Read More

COVID-19: Lottery Market (2020-2024)- Roadmap for Recovery | Growing Use of Lottery Money for Good Cause to Boost the Market Growth

Technavio has been monitoring the lottery market and it is poised to grow by USD 220.52 billion during 2020-2024, progressing at a CAGR of almost 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200910005587/en/

Technavio has announced its latest market research report titled Global Lottery Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently

Read More