Core Insights - Fanatics is entering the prediction markets sector with the launch of Fanatics Markets, a user-friendly platform for trading on various events in sports, finance, and culture [1][2] Company Overview - Fanatics is a major player in the sports betting industry and is expanding into prediction markets, which differ significantly from traditional sports betting by allowing trades on a wider range of topics, including politics and cultural events [2][5] - The brand's reputation is seen as a key advantage in attracting users who may be hesitant to engage in prediction markets due to concerns about privacy and financial security [6] Strategic Expansion - The acquisition of Paragon Global Markets, a federally registered introducing broker, positions Fanatics Markets to navigate the regulatory landscape of prediction markets effectively [9] - Fanatics Markets will collaborate with Crypto.com | Derivatives North America to offer customers access to various market pricing and trading options [11] Market Challenges - The prediction markets space is expected to be highly competitive, with established players like Robinhood and WeBull entering the market, presenting new challenges for Fanatics [12][13] - Fanatics aims to leverage its brand strength to differentiate itself in this crowded market [13] Product Launch Phases - The initial launch (Phase One) will focus on event contracts related to sports, finance, economics, and politics, with a second phase planned for early next year to include contracts for crypto, stocks, climate, and pop culture [15] User Experience and Consumer Protection - The Fanatics Markets app will feature a familiar layout similar to Fanatics Sportsbook, with a shared wallet and account system [16] - Consumer protection measures will be implemented, including risk management tools and uniform limits that carry over from Fanatics Sportsbook [17][18] Market Availability - The app will initially launch in several states, including Alaska, Delaware, and Hawaii, with plans to expand to additional states shortly thereafter [20] Industry Positioning - Fanatics aims to be among the early movers in the dynamic prediction markets sector, positioning itself for growth and innovation [21]

The chairman of the U.S. Securities and Exchange Commission, Paul Atkins, said the agency is tightening scrutiny of Chinese firms in U.S. markets, stressing the need to ensure "our rules… are complied with and that our laws are complied with," particularly as companies "operating in China" list shares in America. "That's very important for us to focus on and not lose sight of," Atkins told FOX Business' Maria Bartiromo from the New York Stock Exchange in an interview that aired Wednesday. "We're looking at ...

Companies in the private sector lost 32,000 jobs in November, payroll processing firm ADP said Wednesday. The figure is below economists’ estimates of a gain of 10,000 jobs. The prior month's payrolls number was revised upward to a gain of 47,000 from an initially reported increase of 42,000."Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment," said ADP chief economist Nela Richardson. "And while November's slowdown was broad-based, it was led b ...

Core Insights - The FDA issued a warning regarding malfunctioning blood glucose monitoring devices from Abbott, which may have contributed to seven deaths and hundreds of serious injuries [1][2] - Abbott has urged users to stop using the FreeStyle Libre 3 Sensor and FreeStyle Libre 3 Plus Sensor devices immediately [1][5] Summary by Category FDA Warning - The FDA described the issue with Abbott's devices as a "potentially high-risk" problem, reporting 736 serious injuries and seven deaths associated with the malfunctioning devices as of November 14, 2025 [2][5] - The FDA and Abbott warned that the monitors may provide incorrect low glucose readings, which could lead to improper treatment decisions for diabetes patients [5][6] Abbott's Response - Abbott has identified and resolved the manufacturing issue affecting the sensors, noting that only one production line out of several is impacted, with approximately 3 million sensors affected [8] - The company will produce new devices to fulfill replacement and new orders, and does not expect significant supply disruptions [9] Consumer Guidance - Consumers can visit www.FreeStyleCheck.com to determine if their sensors are affected and obtain a replacement at no charge [9] - Abbott emphasized that no other Libre family sensors, readers, or apps are affected by this issue [11]

Core Insights - Oil and gasoline prices are projected to decline in the upcoming year, with Brent crude oil expected to drop from $69 per barrel in 2025 to $55 per barrel in 2026, significantly lower than the $81 per barrel in 2024 [1] - Retail gas prices are anticipated to decrease from an average of $3.10 per gallon this year to $3 per gallon in 2026, following an average of $3.30 per gallon in 2024 [2] Oil Production - U.S. crude oil production is expected to remain stable, with a production level of 13.6 million barrels per day in 2025 and 2026, and 13.2 million barrels per day recorded in 2024 [3] Natural Gas Market - Natural gas prices are forecasted to rise from $3.50 per million BTUs this year to $4 in 2026, following a price of $2.20 per million BTUs in 2024 [6] - The U.S. has become the largest exporter of liquefied natural gas (LNG), with exports increasing from 12 billion cubic feet per day last year to a projected 16 billion cubic feet per day next year [7] Electricity Generation - Natural gas is projected to remain the largest source of electricity generation in the U.S., holding a 40% share in 2025 and 2026, down from 42% in the previous year [9] - The share of electricity generated by renewables is on the rise, expected to increase from 23% in 2024 to 26% in 2026 [9] - Nuclear power's share of the electricity mix is expected to stabilize at 18% next year, down slightly from 19% in 2024 [12] - Coal's share of total electricity generation is projected to remain relatively flat, at 16% next year, after being 17% in 2025 [12] Emissions - Carbon dioxide emissions rose from 4.8 billion metric tons in 2024 to 4.9 billion metric tons this year, with a forecast to return to 4.8 billion metric tons next year [14]

Core Insights - Cyber Monday 2023 saw record online spending of $14.25 billion, marking a 7.1% increase from the previous year and surpassing Adobe's projection of $14.2 billion [1] - The surge in spending was driven by competitive discounts across various categories, including electronics, toys, and apparel [2] - The overall online spending from November 1 to December 1 reached $137.4 billion, a 7.2% increase year-over-year, with significant contributions from Black Friday and Cyber Monday [8] Discounts and Consumer Behavior - Discounts on electronics reached up to 31%, toys up to 28%, and apparel up to 25%, with specific items like computers, televisions, and furniture seeing discounts of 23%, 22%, and 19% respectively [2][3] - Retailers utilized aggressive discounting strategies to stimulate online demand, leading to earlier shopping patterns and increased competition between Black Friday and Cyber Monday [5] - Adobe forecasts that discounts will continue, albeit at reduced levels, into the first week of December, with toys seeing up to 23% off and electronics and apparel at 20% and 19% respectively [6] Payment Trends - The rise in "buy now, pay later" platforms indicates consumers are seeking flexible payment options to manage their budgets, with this method driving $1.03 billion in online spending on Cyber Monday, a 4.2% increase year-over-year [10]

Group 1: Economic Conditions and Inflation - Inflation surged to 9.1% in June 2022, the highest level in 40 years, due to COVID-19-related supply chain disruptions and federal stimulus spending, but has gradually declined since then [2] - The consumer price index (CPI) showed inflation at 3% in January when Trump returned to office, declining to 2.3% in April, the lowest since March 2021, but rebounded to 3% in September [5] - The rebound in inflation coincided with the Trump administration's implementation of higher tariffs, leading to increased costs for U.S. importers, which were passed on to consumers [6] Group 2: Voter Sentiment and Economic Perception - A Fox News poll indicated that 76% of voters rated national economic conditions as "not so good" or "poor," with 60% rating their personal financial situations similarly [7] - A majority of 61% of voters disapprove of Trump's handling of the economy, with only 38% expressing approval; approval is significantly higher among Republicans at 77% compared to 25% of independents and 6% of Democrats [8] - Over half of respondents (52%) believe prices are "not at all" under control, with 85% reporting increased grocery costs over the past year [11] Group 3: Specific Cost Increases - Utility bills, healthcare costs, and housing costs have also seen significant increases, with at least two-thirds of respondents reporting higher costs in these categories [12] - Gas prices showed some relief, with only 54% of voters reporting price increases and 30% indicating their gas costs have decreased in the last year [13]

Costco Wholesale Corporation is suing the federal government to block President Donald Trump’s emergency tariffs and recover the funds the retailer says it was improperly required to pay on imported goods. The case, filed in the Court of International Trade, argues that Trump used an emergency-powers law to impose tariffs on goods from China, Mexico, Canada and dozens of other countries, even though the statute does not allow the president to create or raise tariffs.Costco says it has paid these duties thro ...

Elon Musk’s Tesla took a hit from "Big Short" investor Michael Burry, who claimed the electric vehicle maker is "ridiculously overvalued" just days after voicing concern about the market’s AI boom. "Tesla's market capitalization is ridiculously overvalued today and has been for a good long time," Burry wrote in his Substack newsletter "Cassandra Unchained" on Sunday, Reuters reported.Burry further calculated that Tesla reduces existing shareholders’ stakes by roughly 3.6% annually through continued share is ...

Core Insights - Newell Brands is closing 20 Yankee Candle stores in North America starting January, representing about 1% of brand sales, as part of a strategy to optimize its retail presence and align with modern consumer shopping behaviors [1][4] - The company is also reducing its global workforce by over 900 employees, approximately 10% of its professional and clerical staff, with most cuts occurring in December in the U.S. and continuing internationally through 2026 [4][5] - Newell Brands aims to enhance efficiency and performance through a turnaround plan initiated in 2023, focusing on higher performance expectations and value-driven spending [7][10] Company Strategy - Newell Brands is implementing a global strategy to create a more agile and high-performing organization to better compete in the market [3] - The CEO emphasized the importance of the productivity plan in enhancing efficiency and delivering consistent performance, ultimately aiming to provide greater value for consumers and long-term value for shareholders [9][11]