Organizers claimed that nearly 2 million Hong Kong protesters took to the streets Sunday in a rally to demand the city's top official resign a day after she suspended — but...China Politicsread more
Heavy rains caused unprecedented delays in planting this year and contributed to record floods across the central United States.Agricultureread more
Although Cook did not mention companies by name, his commencement speech in Silicon Valley's backyard mentioned data breaches, privacy violations, and even made reference to...Technologyread more
U.S. ambassador to Israel David Friedman called the gesture a "birthday present" to Trump, who turned 73 on Friday.Politicsread more
The agreement, which is on the framework for the plan of adjustment, provide for more than a 60% average haircut for all $35 billion, a 36% haircut on pre-2012 general...Bondsread more
In the survey, 66% of Democratic primary voters say they'd be enthusiastic or comfortable about Biden as their nominee to take on President Trump in the 2020 election. Just...Politicsread more
Target's registers were down on Saturday for several hours preventing customers from checking out.Retailread more
The newspaper wrote that Goldman's executive are hoping CEO David Solomon's changes to a firm that historically thrived in investment banking and trading will boost its...US Marketsread more
The Fed is not likely to make a move on interest rates when it meets next week, but it should clear the way for a rate cut later in the summer.Market Insiderread more
Representatives from the Chinese side say they think it likely that Chinese President Xi Jinping will attend the G-20 meeting later this month. But in order to reach a trade...China Economyread more
With uncertainty keeping a lid on U.S. stocks, Ed Clissold of Ned Davis Research says the rest of 2019 is likely to be a "choppy," but somewhat opportunistic, ride for...Futures Nowread more
MGM Resorts and the National Basketball Association have entered into a multiyear partnership, establishing the casino company as the official gaming partner of the NBA and WNBA, they announced Tuesday.
"This historic partnership will bring millions of NBA fans and MGM Resorts guests together through an innovative collaboration that will open new and exciting opportunities to engage with each other's world-class brands and products," MGM Resorts and the NBA said in a press release Tuesday. "The partnership is the NBA's first with a sports betting operator in the U.S. and is the first of its kind between MGM Resorts and a major professional sports league."
MGM Resorts shares closed up 2 percent Tuesday.
In May, the U.S. Supreme Court ruled that states can legalize sports betting, breaking up Nevada's monopoly on the practice.
"As the landscape for sports betting in the U.S. continues to evolve at a rapid pace, MGM Resorts is a proven gaming leader for us to work with on this groundbreaking partnership," NBA Commissioner Adam Silver said.
Silver said the agreement will enable innovative in-game gambling.
"Most of the action outside the United States is moved to what's called in play," Silver said Tuesday on CNBC's "Power Lunch. " "In Europe it's 80 percent and higher, and that can be anything to the amount of points a player scores in a particular quarter. It can be based on something like rebounds ... That's really where you get the engagement."
MGM said it will use NBA and WNBA branding across its U.S. properties on a non-exclusive basis and share real-time data with the NBA to protect the integrity of its games.