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☆ BetMGM CEO Adam Greenblatt on betting on WWE
▼ + stars: | 2023-03-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBetMGM CEO Adam Greenblatt on betting on WWEThe BetMGM CEO reacts to reports that WWE is trying to legalize scripted gambling.

☆ Betting on WWE matches? 'NFW!' say gaming operators and regulators
▼ + stars: | 2023-03-10 | by ( Contessa Brewer | ) www.cnbc.com time to read: +3 min

"The Colorado Division of Gaming is not currently and has not considered allowing sports betting wagers on WWE matches," they said. It issued a public statement advising WWE to work with the gaming industry. replied Adam Greenblatt, CEO of BetMGM, whether he would be eager to accept wagers on the WWE's scripted matches. The American Gaming Association, which represents both commercial and tribal operators, told CNBC: "Both regulators and operators must have confidence in the integrity of the competitions." "Ultimately, most industry stakeholders seem to view WWE betting as even more optically-challenging than betting on awards shows," Sharp Alpha Advisors managing director Lloyd Danzig said.

☆ Gaming regulators push back against betting on WWE scripted matches
▼ + stars: | 2023-03-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGaming regulators push back against betting on WWE scripted matchesCNBC's Contessa Brewer joins Brian Sullivan and 'Last Call' to report on whether the WWE's made any progress in its effort to allow gamblers to bet on scripted wrestling matches.

☆ SVB found old concentration risk
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, March 10 (Reuters Breakingviews) - Silicon Valley Bank’s closure on Friday by California authorities is a reminder of an old lesson: Don’t put too many eggs in one basket. The bank, owned by SVB Financial (SIVB.O), counted half of all U.S. venture capital-backed startups as clients. When tech took a disproportionate hit from the recent inflationary downturn, clients burned through savings, pulling out their deposits. SVB focused on tech, but its downfall is an old story of concentration risk. The eggs in the basket cracked, and in 1988 alone, 175 Texan banks, accounting for 25% of the state’s banking assets, failed.

☆ CATL’s battery ram is losing power
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, March 10 (Reuters Breakingviews) - Chinese battery maker Contemporary Amperex Technology (300750.SZ) posted earnings growth of 61% for the quarter ended December on Thursday. The company led by Robin Zeng boasts unrivalled economies of scale, allowing it to drive down costs for clients including Tesla (TSLA.O). Alas, in China, which accounts for four fifths of CATL’s top line, such dominance is drawing unwanted attention. On Monday, during a meeting between Zeng and Chinese President Xi Jinping, the Party leader expressed mixed feelings about CATL’s 37% global market share. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ WWE wants betting to become legalized as the wrestling organization lobbies state regulators
▼ + stars: | 2023-03-10 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +2 min

WWE reportedly wants its fans to be able to bet on its scripted matches just like other sports. WWE has presented betting on other events where results are predetermined like the Oscars as a comparable example. Under WWE's new proposal, it will keep the results of events secret for months by working with an accounting firm. The first states that WWE approached about the possibility of legalizing the bets included Michigan, Indiana, and Colorado, according to CNBC. In the few states where it's legal, some sportsbooks like DraftKings and FanDuel allow betting on events like the Oscars in their mobile app, CNBC reported.

☆ Watch CNBC's full interview with former TD Ameritrade CEO Joe Moglia
▼ + stars: | 2023-03-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with former TD Ameritrade CEO Joe MogliaJoe Moglia, former TD Ameritrade chairman and CEO, joins 'Squawk Box' to discuss the WWE's talks around gambling on scripted matches, if the outlook for rate hikes has changed, and more.

☆ WWE gambling would be 'ripe for cheating': Former TD Ameritrade CEO Joe Moglia
▼ + stars: | 2023-03-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWWE gambling would be 'ripe for cheating': Former TD Ameritrade CEO Joe MogliaJoe Moglia, former TD Ameritrade chairman and CEO, joins 'Squawk Box' to discuss the WWE's talks around gambling on scripted matches, if the outlook for rate hikes has changed, and more.

☆ WWE girds for insider-betting fight
▼ + stars: | 2023-03-09 | by ( ) www.reuters.com time to read: +2 min

NEW YORK, March 9 (Reuters Breakingviews) - Want to bet on a match where the outcome is fixed in advance? The league is in talks with U.S. state gambling regulators to legalize bets on its staged matches, according to CNBC. For WWE the number of insiders may be bigger: Writers, trainers and wrestlers might be among those with an idea of what’s in store. Overseas bettors can already wager on an upcoming six-woman tag WWE team match, the Eurovision Song Contest and Love Island 2023. Meanwhile, the WWE has put itself up for sale, so some theatrical limbering up for future revenue opportunities is a smart way to juice the price.

☆ WWE in talks to legalize betting on scripted matches
▼ + stars: | 2023-03-08 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWWE in talks to legalize betting on scripted matchesCNBC's Alex Sherman joins Brian Sullivan and 'Last Call' to discuss World Wrestling Entertainment's efforts to enable legal betting on scripted wrestling matches.

☆ WWE in talks with state gambling regulators to legalize betting on scripted match results
▼ + stars: | 2023-03-08 | by ( Alex Sherman | ) www.cnbc.com time to read: +1 min

WWE is in talks with state gambling regulators in Colorado and Michigan to legalize betting on high-profile matches, according to people familiar with the matter. WWE executives have cited Oscars betting as a template to convince regulators gambling on scripted matches is safe, the people said. Still, while Academy Awards voting results are known by a select few before they're announced publicly, they aren't scripted by writers. Even if regulators allow gambling, betting companies would have to decide if they're willing to place odds on WWE matches even if it's legalized. Gambling regulators in Michigan and Colorado didn't immediately respond to a request for comment.

☆ Vince McMahon reportedly wants at least $9 billion for potential sale of WWE
▼ + stars: | 2023-02-18 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +3 min

Ex-WWE CEO Vince McMahon reportedly wants at least $9 billion for the company, according to Bloomberg. He has been considering a sale since his return, and several bids reportedly have been submitted. Days after McMahon's return, WWE also announced that Stephanie McMahon was resigning as co-CEO, and Khan would serve as the lone CEO going forward. Last month, Khan said reports that a sale to the Saudi Arabian fund was complete in principle "totally false." McMahon's desired $9 billion is a high ask considering the company reported $1.29 billion in sales last year, and the $9 billion price tag is about 23 times the company's operating income, according to Bloomberg.

☆ Vince McMahon open to leaving WWE for good if he sells the company, CEO Nick Khan says
▼ + stars: | 2023-02-03 | by ( Alex Sherman | ) www.cnbc.com time to read: +2 min

World Wrestling Entertainment Executive Chairman Vince McMahon is open to stepping away from the company "if it's the right deal," according to WWE CEO Nick Khan. Khan took over as sole CEO in January when Levesque's wife and McMahon's daughter, Stephanie, stepped down as co-CEO. McMahon stepped away from his CEO role in June amid accusations of sexual misconduct from former female WWE employees. A month later, he announced he announced he would retire from the wrestling company he bought from his father over four decades ago. Khan acknowledged "it's tough to take control" from McMahon, who has owned and run WWE (previously WWF) for more than 40 years.

☆ WWE CEO Nick Khan discusses 'broad range of options' for potential sale
▼ + stars: | 2023-02-03 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWWE CEO Nick Khan discusses 'broad range of options' for potential saleNick Khan, WWE CEO joins 'Squawk on the Street' to discuss shares being up 30% this year and a potential sale of the company.

☆ Wolfe Research says WWE shares could rally 30% following Vince McMahon's return
▼ + stars: | 2023-01-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Wolfe Research reiterated WWE as outperform, noting that the return of Vince McMahon could jolt the company's TV rights renewal process. Earlier, Wolfe Research published a note downgrading WWE shares in error. Stephanie McMahon resigned earlier this month from her role as co-CEO and chairwoman following the unanimous election of her father, Vince, as company's executive chairman. "We think there's more game theory to Vince's return than what meets the eye," Supino said in the correct note to clients. Supino said Vince's return could give a "shot in the arm" to the 2025 TV rights renewal process and his willingness to sell could drive up prices for the rights.

☆ Wolfe Research downgrades WWE, says resistance to Vince Mahon's return could mean trouble ahead
▼ + stars: | 2023-01-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Investors hoping the recent leadership shakeup at WWE would be a knock-out may instead find themselves getting body slammed, Wolfe Research warned. "Stephanie McMahon's resignation and the Board's formal resistance to Vince's return indicate serious stress," Supino said in a Monday note to clients. Before coming into the co-CEO role, Stephanie left her position as chief brand officer to focus on family. There's also risk associated with Vince's return, he said, pointing to the potential for a ratings collapse due to fans disapproving of him. Supino said Vince's return could also aid competitors AEW and UFC as the companies try to poach talent.

☆ Jobs report to give clues about where economy is headed
▼ + stars: | 2023-01-29 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +8 min

Investors will get another clue when the January jobs report is released on Friday. Economists predict that 185,000 jobs were added last month, a slowdown from the gain of 223,000 jobs in December and 263,000 in November. A further deceleration in the labor market would likely please the Fed, as it would show that last year’s rate hikes are successfully taking some air out of the economy. Along those lines, average hourly earnings, a measure of wages that is also part of the monthly jobs report, are expected to increase 4.3% year-over year. So far, tech earnings season is not off to an inspiring start, with Microsoft (MSFT), Intel (INTC) and IBM (IBM) all reporting weak results.

☆ Here comes the biggest week of earnings. Plus an AI ode to the Dow
▼ + stars: | 2023-01-28 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ 6 daily practices this 82-year-old triathlete and neurosurgeon uses to lengthen his healthspan
▼ + stars: | 2023-01-26 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

Living to 90 is a feat in itself, but imagine being able to compete in triathlons even as you near that distinguished age. This is the reality for Dr. Joseph Maroon, an 82-year-old triathlete who also works as a consultant neurosurgeon for the Pittsburgh Steelers and medical director of the World Wrestling Entertainment (WWE). "I tell people my goal in life is to die young as late as possible," Maroon says. "The physical activity literally saved my life." From that point forward, Maroon made some serious changes to his daily habits, which he believes added extra years to both his "healthspan" and his lifespan.

☆ Trump wants to ditch his deal to post first on Truth Social and return to Twitter, report says
▼ + stars: | 2023-01-23 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +3 min

Trump wants to end an exclusivity deal with Truth Social and get back on Twitter, Rolling Stone reported. Truth Social CEO Devin Nunes denied an earlier report that Trump wants to make the switch. While Trump has just shy of 5 million followers on Truth Social, he has almost 88 million followers on Twitter. Nonetheless, according to Rolling Stone, a person close to the president said there is "no way" Nunes' statement is true. Among the ideas being floated is for a WWE-style campaign video post, or one comparing himself to Superman, according to Rolling Stone.

☆ Dwayne ‘The Rock’ Johnson changed his daily routine to do less: 'I was forcing a lot of the things'
▼ + stars: | 2023-01-20 | by ( Natasha Piñon | ) www.cnbc.com time to read: +2 min

Taking on more led to intense productivity for Johnson — but that "plate is always full" mentality eventually had a breaking point. In many ways, though, the opposite is true: Research shows that multitasking diminishes your performance and output. While it's hard to pull back like Johnson did, research shows it could be the key to more long-lasting success. That's especially true when rest time occurs during the workday: Research shows scheduling in breaks can stimulate creativity and improve efficiency and concentration. But there is no success alone," Johnson told CNBC Make It in 2021.

☆ WWE’s Vince McMahon Settles With Ex-Wrestling Referee Who Accused Him of Rape
▼ + stars: | 2023-01-19 | by ( Joe Palazzolo | Ted Mann | ) www.wsj.com time to read: 1 min

Vince McMahon , the executive chairman of World Wrestling Entertainment Inc., has agreed to a multimillion-dollar legal settlement with a former wrestling referee who accused him of raping her in 1986, according to people familiar with the agreement. Mr. McMahon’s settlement with Rita Chatterton, completed last month, averts a public legal fight over her allegations as Mr. McMahon pursues a possible sale of the company.

The pro wrestler known as Jay Briscoe — best known as one half of the foul-mouthed "Briscoe Brothers" tag team — was killed in head-on highway crash in Delaware, officials said Wednesday. Wrestlers Jay Briscoe and Mark Briscoe of "The Briscoe Brothers" in 2019. Pugh and brother Mark Pugh were the "Briscoe Brothers" who performed for the Florida-based Ring of Honor wrestling circuit. "It is with a heavy heart that we mourn the tragic passing of Jamin Pugh, known to wrestling fans around the world as Jay Briscoe," Ring of Honor said in a statement on Wednesday. "My condolences to the family and friends of Jay Briscoe."

☆ Wall Street Journal: WWE's Vince McMahon settles with another ex-employee
▼ + stars: | 2023-01-19 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +3 min

The Journal reported Thursday that McMahon completed a settlement last month with Rita Chatterton, its first female referee, who accused him of raping her in 1986. And he settled the case solely to avoid the cost of litigation,” said Jerry McDevitt, a lawyer for McMahon, told the Journal. In addition, Chatteron’s lawyer didn’t respond to CNN’s request for comment and the lawyer declined to comment to the Journal. McMahon has previously paid more than $12 million to four women to cover up “allegations of sexual misconduct and infidelity,” according to a July 2022 Wall Street Journal report. WWE (WWE) shares were up slightly Thursday.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Amazon, Alphabet, Chipotle, Microsoft & more
▼ + stars: | 2023-01-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley downgrades Chipotle to equal weight from overweight Morgan Stanley said it's concerned about "traffic headwinds." Morgan Stanley upgrades Domino's to overweight from equal weight Morgan Stanley said Domino's is best positioned to handle a downturn. Morgan Stanley upgrades Church & Dwight to overweight from equal weight Morgan Stanley said it sees "fundamental inflection ahead." Morgan Stanley downgrades AutoNation to underweight from equal weight Morgan Stanley said it sees too many headwinds for shares of AutoNation right now. Morgan Stanley upgrades Kroger to equal weight from underweight Morgan Stanley said it sees more people eating at home.

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