Author: Anthony M. Orbison

A former financial manager for the NFL’s Jacksonville Jaguars who stole $22 million from the team is suing FanDuel for $250 million, saying the betting company preyed on his gambling addiction. Amit Patel, who is serving a 6 1/2-year prison sentence in South Carolina, filed a lawsuit Tuesday in federal court in New York claiming that FanDuel ignored its own responsible gambling and anti-money laundering protocols, knew Patel was an employee of the NFL team and therefore not eligible to gamble legally, and knew that the $20 million he wagered on years of daily fantasy sports contests was either stolen…

After several shaky months in the restaurant industry, things are starting to look up for struggling businesses. In the last two years, high inflation has prompted an increase in prices across almost every sector, leading people to become more conscious of their spending habits. Don’t miss the move: Subscribe to TheStreet’s free daily newsletterNow, consumers prioritize value when choosing their next meal, opting for options that will give them the most bang for their buck.This change in customer spending encouraged restaurants, especially those in the fast-food business, to devise creative ways to offer great deals to their customers while still generating positive…

What We’re Reading: HODL15Capital Follow Nikolaus On X Here For the past few weeks I have been keeping up with HODL15Capital on X, who has done a tremendous job at posting some of the quickest incoming market data regarding the U.S. spot Bitcoin ETFs. Recently, there have been two charts in particular he has posted that have caught my eye.Nine months ago, the SEC approved spot Bitcoin ETFs for trading, and since then, the ETFs have seen huge inflows during eight out of those nine months. Since their inception, these ETFs have seen inflows of 312,488 BTC while miners have only created…

(Bloomberg) — The dramatic stimulus-fueled rally in Chinese stocks has cost traders betting against US-listed shares roughly $6.9 billion in mark-to-market losses, according to a report from S3 Partners.Most Read from BloombergThe country’s benchmark CSI 300 index has risen more than 27% from its Sept. 13 trough, supported by a spate of policy-easing measures, while the Nasdaq Golden Dragon index of US-listed Chinese stocks has surged more than 36%. That’s erased about $3.7 billion in year-to-date gains, and left shorts now nursing around $3.2 billion in paper losses, according to the market analytics firm.“Prior to the recent rally short sellers…

By Doyinsola Oladipo and David Shepardson NEW YORK (Reuters) -U.S. East Coast and Gulf Coast dockworkers began their first large-scale strike in nearly 50 years on Tuesday, halting the flow of about half the country’s ocean shipping, after negotiations for a new labor contract broke down over wages. The strike blocks everything from food to automobile shipments across dozens of ports from Maine to Texas, a disruption analysts warned will cost the economy billions of dollars a day, threaten jobs and potentially stoke inflation. President Joe Biden and his administration have repeatedly said they will not use federal powers to…

A concerning statistic for the digital asset sector is crypto hacks leading to $750 million in funds stolen in Q3 of this year. Moreover, that is up 9.5% from a year prior, despite the number of total cryptocurrency hacks declining from a year ago, with only 155 thefts taking place in the third quarter.An October 1st report from CertiK, shows that security remains a prime concern for the digital asset market. The total number of incidents is on the downturn, with the value in money stolen skyrocketing, signaling a potential trajectory in what direction crypto security has to next.Also Read:…

Unlock the US Election Countdown newsletter for freeThe stories that matter on money and politics in the race for the White HouseVice-presidential candidates JD Vance and Tim Walz are facing off in a debate in New York, laying out sharply contrasting visions of the US at a pivotal moment in the final stretch of the 2024 White House race.With just over a month until polling day, it is the first, and probably only, debate between Donald Trump’s and Kamala Harris’s running mates, and a chance for Vance, in particular, to improve his tepid approval ratings.An Associated Press poll last week…

Last month, the Fed cut interest rates, which is a relief for prospective homeowners who have endured several years of rate hikes. However, since the Fed has indicated it will likely continue cutting rates this year and through the end of 2025, many buyers are left wondering when the best time to close on a house is.According to Realtor.com’s latest findings, September 29th through October 5th is the best time to buy a house this year. Related: Dave Ramsey explains how your mortgage is key to early retirementDanielle Hale, chief economist at Realtor.com, explains that a considerable dip in market demand drives prices down…

. Justin Sun, the founder of the TRON ecosystem, is taking bold steps to address market fears and uncertainties (FUD) despite facing personal financial losses. On August 5, Sun announced a $1 billion fund aimed at combating FUD and bolstering the cryptocurrency industry amidst recent market turbulence. In a recent post on social media platform X, Sun reassured his followers and the broader crypto community that the industry has made substantial progress over the past year. He emphasized that the current market fluctuations are not due to negative news but rather part of the natural ebb and flow of the…

Snapchat failed to act on “rampant” reports of child grooming, sextortion and other dangers to minors on its platform, according to a newly unredacted complaint against the company filed by New Mexico’s attorney general. Attorney General Raúl Torrez filed the original complaint on Sept. 4, but internal messages and other details were heavily redacted. Tuesday’s filing unveils internal messages among Snap Inc. employees and executives that provide “further confirmation that Snapchat’s harmful design features create an environment that fosters sextortion, sexual abuse and unwanted contact from adults to minors,” Torrez said in a news release. For instance, former trust and safety…