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  • Nov 12, 2024

Flutter nudges up guidance on growth outside booming US market

Flutter, the world's largest online betting company, nudged up its full-year guidance for the second successive quarter on Tuesday after its non-U.S. brands drove better-than-expected third-quarter revenue growth. While Flutter's growth has been transformed by a gambling boom in the nascent U.S. market, where its FanDuel unit is the market leader, core profit at its more established brands in Britain, Europe and Australia jumped by 24% to $392 million in the quarter. That helped push up total adjusted earnings before interest, tax, depreciation and amortisation 74% to $450 million, including a $58 million profit in the U.S., versus an investment-driven $55 million loss in the third quarter last year.

  • Nov 12, 2024

Bitcoin to Become a Trump-Era Symbol? ETFs to Consider

Donald Trump's victory in the recent U.S. Presidential elections saw cryptocurrency prices soaring, making momentum investing an appealing strategy. Look at Bitcoin ETFs to capitalize on the long-term bullish trend in digital assets.

  • Nov 12, 2024

US monetary policy still restrictive, two Fed officials say

(Reuters) -The Federal Reserve's policy rate continues to act as a brake on the resilient labor market and on inflation that is still above the 2% target, two U.S. central bankers said on Tuesday, a view that appears to argue for more interest rate cuts, even as both signaled they were not ready to judge how fast or by how much. "In my judgment we are still in a modestly contractionary stance, but ultimately the economy will guide us, in terms of how far we are needing to go" in cutting the Fed's benchmark for short-term borrowing costs, Minneapolis Fed President Neel Kashkari said at a Yahoo Finance event. Speaking earlier, Richmond Fed President Thomas Barkin called the current level of rates "somewhat less restrictive" than it had been, and said he could see scenarios where demand rises and the central bank needs to focus on containing inflation, and others where businesses start laying off workers and it needs to turn more to protecting the job market.

  • Nov 12, 2024

Brazil Central Bank Steps Into Currency Market Amid Real Selloff

(Bloomberg) -- Brazil’s central bank is stepping into currency markets as the real has been battered by fiscal concerns at home and a broad slide in risk assets globally. Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictPolicymakers called a FX credit-line auction of as much as $4 billion on Wednesday

  • Nov 12, 2024

Wall Street Sees Dollar Soaring More, But Splits on How Much

(Bloomberg) -- The US dollar’s rally is gaining momentum alongside Donald Trump’s threat of sweeping tariffs, leaving currency strategists in agreement it has further to rise while war-gaming just how far it will go.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictThe Bloomberg Dollar Spot Index rose

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