Tag: news

Bally’s Corporation To Acquire Premier U.S. Regulated Sportsbook Technology Platform Bet.Works | News

PROVIDENCE, R.I., Nov. 18, 2020 /PRNewswire/ — Bally’s Corporation (NYSE: BALY) today announced that it has entered into a definitive agreement to acquire Bet.Works, a U.S. based, sports betting platform provider to operators in New Jersey, Iowa, Indiana and Colorado, for $125 million, subject to adjustment. Upon acquiring Bet.Works’ proprietary technology stack and turnkey solutions, which include marketing, operations, customer service, risk management and compliance, Bally’s will become the premier, full-service, vertically integrated sports betting and iGaming company in the U.S. with physical casinos and online gaming solutions united under a single, preeminent brand, thus

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The Huge Technology News That Went Totally Under the Radar on Monday

Many “out-of-home” stocks surged on Monday, Nov. 16, as leading vaccine company Moderna (OTC: MRNA) disclosed its coronavirus vaccine proved 94.5% effective in clinical trials, and that it lasts longer than expected in a refrigerated environment.

This is fantastic news, and it reignited the continued rotation from “stay-at-home” stocks to “reopening stocks” that began earlier this month following the release of positive data from Pfizer (NYSE:PFE).

One sector that combines both the long-term growth prospects of stay-at-home tech stocks with the cyclical qualities of many “out-of-home” stocks are semiconductors, which also got a boost Monday. But it wasn’t only

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Nasdaq Retreats as Technology Stocks Lose Favor | Investing News

NEW YORK (Reuters) – The Nasdaq closed 1.4% lower and the S&P dipped slightly on Tuesday as investors sold off technology stocks that benefited from virus lockdowns, favoring sectors that have suffered most during the pandemic instead on hopes a COVID-19 vaccine will turn the economy around.

The heavyweight technology <.SPLRCT> and consumer discretionary sectors <.SPLRCD> fell sharply and communication services <.SPLRCL> languished while investors favored small caps and economically sensitive energy <.SPNY> and industrials <.SPLRCI> sectors as well as value stocks in consumer staples <.SPLRCS>.

The main U.S. indexes had hit intraday peaks on Monday after Pfizer Inc said

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Nasdaq Closes Higher With Technology Stocks Back in Favor | Investing News

(Reuters) – The Nasdaq closed up 2% on Wednesday as investors switched back to technology stocks and away from economically sensitive sectors as they weighed COVID-19 vaccine progress against a virus surge and likely timing for a economic rebound.

After falling sharply for two days, the tech-heavy Nasdaq was boosted by “stay-at-home” stocks such as Microsoft and Netflix Inc, which closed up more than 2% and Amazon.com Inc and Apple Inc, which advanced more than 3%.

Monday’s encouraging late-stage coronavirus vaccine trial data had prompted a two-day rotation away from technology stocks into sectors that outperform coming out of a

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Technology Matters, but How Real Are Our Virtual Lives at Work and Play? | Technology News

NEW YORK – As our lives become more virtual with technology, how do gadgets define our identity at work, home and social circles at this unique moment in history?

Mary L. Gray, an anthropologist and recent recipient of a 2020 MacArthur “genius grant,” looks at the way technology affects labor, identity and human rights. Gray, 51, who is based in Somerville, Massachusetts, discusses how digital culture can improve our professional as well as personal lives.

Below are edited excerpts.

Q: Nearly six in 10 workers say that working from home means their day is less defined, according to a recent

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