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...Penn will pump an additional $150mn a year into marketing ESPN Bet, which is launching in 17 states....
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...A version of this article was first published by Nikkei Asia on August 4. ©2023 Nikkei Inc. All rights reserved....
...After more than a decade of venture capitalists insisting they provide more than just cash to their portfolio companies, the moment to prove that finally arrived. Then it went....
...They are bulky and heavy and covered in cables and pumps. One day, perhaps, gamers will swap handheld controllers for gloves and companies will use them to carry out remote tasks....
...The details will be thrashed out in the coming weeks, but the PIF could pump about $3bn into the new entity, people familiar with the matter told the Financial Times....
The bullish bets, equivalent to more than 5% of all ETF purchases, mean losses were magnified
...Citi say the comments by the chair of Saudi National Bank explaining why it can’t pump more lucre into CS “appears insufficient to explain the magnitude of the market move”. So what happens next?...
...Saudi Arabia is set to pump billions of dollars into the world’s biggest professional golf organisation to seal a stunning merger between its breakaway LIV Golf and the US-based PGA Tour....
...Ever since, the promise of eye-watering returns has enticed pension plans, endowments, insurance companies, private banks and business tycoons to pump $5tn into the industry....
...Markets have for months bet that the Fed will be forced to pump the brakes far sooner than the central bank expects....
...People close to TPG reject the suggestion that its financing terms were too onerous, noting that it never took interest or dividend distributions in cash and continued to pump money into Vice after its original...
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