Category: DraftKings

FedEx, Rivian, DraftKings Join US Companies Cutting Jobs

FedEx, Rivian Automotive, and DraftKings have joined a growing list of U.S. corporations announcing job cuts. FedEx sent an announcement to employees Wednesday informing them that the package delivery company is reducing the size of its officer and director team by more than 10 percent and consolidating some teams and functions. “Unfortunately, this was a…


PreMarket Prep Plus: Why Sean Udall Is Buying DraftKings, Apple

Even with the indexes at all-time highs, The Udall Report’s publisher Sean Udall still has a few issues on his “buy” radar. The tech stock strategist shared the fundamental reasons for the two issues and detailed his game plan moving forward on Friday’s PreMarket Plus show. Sports Betting Stocks: The first issue discussed was DraftKings…


DraftKings Courts UK’s Entain With $22.4 Billion Offer as US Sports Betting Spurs Deals

British gambling firm Entain said on Tuesday that U.S. fantasy sports betting company DraftKings had made a takeover proposal that valued it at $22.4 billion. Under its current proposal, DraftKings plans to offer 28 pounds per Entain share, representing a premium of 46.2 percent to the UK firm’s Monday close. Entain said it had earlier…