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BON News30 articles
theScore Bet's $50 Bonus Is Invite-Only, PENN's Digital Loss Narrows
PENN's theScore Bet's $50 bonus is invite-only, not a public promo. Interactive loss narrowed to $9.5M in Q2, but profitability remains elusive.
SoftBank's $11B Bond Sale to Test Debt Markets on Thursday
SoftBank Group launches $10B USD and €1B EUR bond sale to finance its OpenAI commitment, with pricing set for September 24. The deal tests credit appetite for AI exposure.
BetMGM's $1,500 Bonus Bets: Sports Revenue Stalls
BetMGM's new-customer promotion offers up to $1,500 in bonus bets, but Q2 sports revenue was flat. Parent stocks dipped, and the offer may not boost profitability.
Quebec Election: PQ's $6.6B Savings Plan Faces Bond Market Scrutiny
The Parti Québécois aims to balance Quebec's budget a year early via C$6.6B in savings, but bond investors demand details.
Qorvo Merger Arbitrage Tightens to 0.5% as Bond Exchange Hits 90%+
Qorvo's merger-arbitrage spread narrowed to 0.5% as bond tenders exceeded 90%, but regulatory clearances remain pending.
FedEx Raises $3.4B in Dual-Currency Bond Sale Amid InPost Deal
FedEx priced $1.1B and €2B in senior notes, adding ~$3.4B in gross funding as its InPost stake decision looms.
Amazon Raises £4.25B in Sterling Bonds, Boosting Long-Term Funding
Amazon priced £4.25 billion in sterling bonds across four maturities, yielding £249.5 million annual interest, as it bolsters long-term funding for capital-intensive projects.
Nasdaq Rallies 1.3% on CPI Relief, But Bond Yields Still Cast a Shadow
The Nasdaq climbed 1.3% Friday as inflation data came in line with forecasts and oil prices fell, but the 10-year Treasury yield near 4.93% reminds investors that rate pressures persist.
Royal Caribbean's Bourbon Push Targets Onboard Revenue Growth
Royal Caribbean's new bourbon tasting program on 17 ships is a strategic move to boost onboard revenue, which is growing faster than ticket sales, though its financial impact is likely minimal.
Vale's Panda Bond Talk: Strategic Funding Option, Not Imminent Sale
Vale's CFO discussed a possible panda bond, but no deal is approved. The move would diversify funding and deepen China ties, yet terms remain undisclosed.
Paramount Shares Slide 5.4% as Bond Demand in WBD Deal Intensifies
Paramount shares fell 5.4% to $10.22 as it renewed a $1.88B bond request in the WBD acquisition fight. The legal battle over deal timing is escalating.
Amazon's £4.25B Bond Debut Signals AI Funding Shift
Amazon raised £4.25B in its first sterling bond sale to fund AI buildout, while shares fell 1.8%. The debt carries yields up to 6.7%, reflecting costly capital.
DraftKings Stock Slips 2.2% as Staggered $200 Bonus Bets Target Retention
DraftKings shares dropped 2.2% as its $200 welcome offer, paid in staggered installments, aims to boost retention. Q2 results showed revenue decline and rising marketing costs.
Norway's Oil Fund Proposes Major Bond Shift, Not a Treasury Dump
Norway's sovereign wealth fund has proposed reallocating its bond benchmark away from U.S. Treasuries, but the plan is not approved and would be gradual.
Paramount's 11th Bond Extension Highlights Growing Merger Costs
Paramount extends its WBD bond offers for the 11th time, with ticking fees potentially adding $1.2 billion to the deal cost.
Australian Bond Yields Surge Past 5.2% as Market Signals Conflict
Australia's 10-year government bond yield jumped above 5.2% on September 7, driven by global inflation concerns and term premium, while market pricing for an RBA hike remains partial.
DraftKings' $200 Bonus Staggered Over 21 Days Amid Margin Slide
DraftKings' new $200 sign-up bonus is paid in four weekly drops, a design that may reduce promotional costs. Meanwhile, Q2 sports margin fell to 6.8%.
Nasdaq-100 Dividend Yields: Only Kraft Heinz Tops Long Bond
A 3% dividend screen narrows the Nasdaq-100 to eight stocks, but only Kraft Heinz beats the 30-year Treasury yield. Comcast and utilities trail as risks mount.
SoftBank Surges 21% in Two Sessions as ¥1 Trillion Bond Sale Draws Investors
SoftBank Group shares climbed 21% over two sessions, adding ¥5.99 trillion in market value, as a ¥1 trillion bond sale opened with a 4.75% coupon.
DraftKings' $200 Bonus Offer: A High-Stakes Bet on Prediction Markets
DraftKings launches aggressive $200 bonus campaign for its Predictions product in states without sports betting, but investors await proof of profitability. Stock remains flat.
Tech-Led Rally Lifts Nasdaq 1.5% as Bond Yields Ease
The Nasdaq Composite rose 1.5% on Thursday as declining Treasury yields boosted technology shares. The S&P 500 and Dow also advanced, with consumer discretionary leading sector gains.
Premium Bonds Prize Rate Rises to 4.35% Amid Payout Variability
NS&I boosts Premium Bonds prize rate to 4.35%, yet payouts remain variable. September saw £497.1M in prizes, with odds of 1-in-21,000 per bond.
Axon Shares Tumble 8.5% as Rising Bond Yields Pressure Growth Stocks
Axon (AXON) dropped 8.5% to $518.30, wiping out $3.9B as 10-year Treasury yields hit 4.79%. Despite strong Q2 revenue growth of 35%, valuation concerns weigh on the stock.
DraftKings Stock Slides as FanDuel Boosts NFL Sign-Up Bonus
DraftKings shares dropped 3.8% as FanDuel upped its NFL sign-up bonus to $350, intensifying the battle for new bettors ahead of football season.
Flutter Stock Rises 7% as FanDuel Launches $350 Bonus Amid Marketing Push
Flutter shares climbed 7.1% as FanDuel unveiled a $350 sign-up bonus, highlighting intense competition and rising promotional costs in U.S. sports betting.
DraftKings Debuts $200 Bonus Bets as Stock Dips 3.9%
DraftKings rolls out a $200 bonus bet offer for new users as Q2 revenue fell 5% and marketing spend rose 38%. Shares dropped 3.9% on Wednesday.
Colombia's $9.6B Quake Bill Strains Bonds as Peso Holds Firm
Colombia's earthquake recovery is estimated at $9.58 billion, pressuring bonds as yields rise 30 bps. The peso remains firm, supported by steady coffee exports and high interest rates.
Bond Yields Pressure Stocks Ahead of Nvidia, PCE Data
U.S. stocks closed the week lower as rising bond yields weighed on tech. Focus shifts to Nvidia earnings and PCE inflation data.
DraftKings NFL Bonus Promo Highlights Costly User Acquisition Push
DraftKings' new $150 NFL bonus highlights escalating user acquisition costs as Q2 marketing spend jumps 38%, while revenue per payer slips 13%.
ASML Outshines Rivals as Bond Yields Climb
ASML shares gained 0.4% amid a bond market selloff, as the company targets a 38-49% second-half sales surge. Analysts remain bullish, but buyback prices loom overhead.