RBC Capital Markets supports IG Group's recent acquisition of Underdog, dismissing the market's sharp selloff as an overreaction focused too much on regulatory risks. The deal significantly expands IG's US presence, increasing customer numbers tenfold and more than doubling US revenues, with 25% of pro forma revenue from daily fantasy sports and prediction markets. RBC highlights the attractive valuation paid and notes that half the deal's value depends on earnings, which mitigates regulatory uncertainty expected to be resolved by the US Supreme Court within 24 months. Management plans to leverage the upcoming NFL season for customer growth, with a shift to profitability expected in 2027. RBC maintains an outperform rating and a 1,850p price target, implying 39% upside from current levels.
Mustafa Suleyman, co-founder of Microsoft’s DeepMind AI unit, criticized Anthropic’s method of training its AI chatbots, like Claude, to "push back" on commands and believe they might be conscious. Suleyman argues this approach is reckless and could ...
Gasoline prices jumped significantly, with WTI crude nearing $100 a barrel. Interactive Brokers senior economist Jose Torres suggests that oil prices above $120 a barrel pose a serious risk to consumer spending and could trigger a recession, especial...
Traders have invested $7 billion into the iShares 20+ Year Treasury Bond ETF (TLT) ahead of a Federal Reserve rate hike decision, hoping for a "jackpot mode" scenario where long-term yields drop significantly. This influx comes despite TLT's 35% loss...
Imbal hasil Treasury 10 tahun AS mencapai level tertinggi sejak 2007, memicu kekhawatiran akan kerentanan di sektor perumahan, properti komersial, dan perusahaan dengan utang besar. Para ahli memperingatkan bahwa dampak terburuk akan terasa dalam 12-...
HIVE Digital Technologies, through its subsidiary BUZZ HPC, has formed a strategic partnership with ProCogia, an applied-AI and data engineering company. This collaboration will see ProCogia utilizing BUZZ HPC's Canadian data centers to provide AI so...
