Author: JavaExchange

NEW YORK — DraftKings Inc on Thursday completed its $3.3 billion reverse merger with blank-check company Diamond Eagle Acquisition Corp, teeing up the U.S. sports betting company to make its Nasdaq debut at a time when there is almost no live sports. Read More

DraftKings set to go public despite coronavirus-induced sports freeze — Financial Post

NEW YORK — Ruth’s Hospitality Group Inc, owner of the Ruth’s Chris Steak House chain of restaurants, on Thursday said it would quickly repay $20 million of federal rescue loans it received to help maintain payroll through the coronavirus crisis, a program aimed at small businesses. Read More

Ruth’s Chris owner to speed repayment of $20 mln federal rescue loan — Financial Post

(Bloomberg) — Treasury Secretary Steven Mnuchin said he’s considering the creation of a government lending program for U.S. oil companies, who are looking for federal aid as they cope with a devastating plunge in prices. Read More

Mnuchin Weighs Lending Facility for Struggling Oil Companies — Financial Post

MEXICO CITY — The Mexican government is pushing ahead on a priority rail project, awarding on Thursday a 15.5 billion peso ($626 million) contract for a first phase of construction on its “Mayan Train” project, the government said in a statement. Read More

China’s CCCC among firms awarded $626 mln Mexican train contract — Financial Post

WASHINGTON — The Trump administration on Tuesday gave Chevron Corp, the last major U.S. oil company still operating in Venezuela, until Dec. 1 to “…

U.S. orders Chevron to ‘wind down’ Venezuela operations by Dec 1

Netflix’s Tiger King | Courtesy of Netflix The streaming company thought it would add 7 million subscribers. A global lockdown gave it 16 million. …

Netflix had the best quarter in its history because of the pandemic

April 20 – The U.S. Supreme Court on Monday threw out a lower court ruling that had allowed litigation by Montana landowners to proceed against BP Plc unit Atlantic Richfield Co seeking a more extensive cleanup of a hazardous waste site than the federal government had ordered. Read More

U.S. Supreme Court sides with BP unit to curtail Superfund site cleanup lawsuits — Financial Post

NEW YORK — U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a coronavirus-induced supply glut, ending the day at a stunning minus $37.63 a barrel as desperate traders paid to get rid of oil. Read More

Oil price crashes into negative territory for the first time in history amid pandemic — Financial Post

Phil Edwards/Vox If there were ever a good time to learn … Is there a right way to play Monopoly? Brian Valentine takes a stab at the answer. He was the United States representative to the 2015 World Monopoly championships, where he earned a third-place finish. As the above video shows, playing Monopoly right involves…

The right way to play Monopoly — Vox – All

(Bloomberg) — Shopify Inc. rallied for an eighth day, jumping as much as 7.8% Monday to a record, as investors piled into the tech stock after its Chief Technology Officer Jean-Michel Lemieux said last week that the e-commerce company was seeing U.S. Black Friday-type of traffic as it brings “thousands” of businesses online. Read More

Shopify Becomes Canada’s Second-Biggest Stock — Financial Post