DraftKings Inc ( DKNG ) shares are trading lower Wednesday. The decline follows a broader trend of investor concern. Markets are weighing competitive threats from prediction platforms and long-term profitability hurdles. Competition From Prediction Markets Platforms like Kalshi and Polymarket are diverting significant volume from traditional sportsbooks. Combined volume on these exchanges topped $17 billion in January. Intercontinental Exchange Inc...

MEXICO CITY, March 25 (Reuters) - The union representing workers at a General Motors ( GM ) plant in Silao, Mexico has proposed a 10% salary increase for the 2026-2028 contract, union leader told Reuters on Wednesday. Alejandra Morales, head of SINTTIA, said workers will vote on the proposal April 9 and 10. The union has set a strike deadline...

NEW YORK, March 25 (Reuters) - A federal judge dismissed a lawsuit on Wednesday accusing mutual fund giant Fidelity of cheating many investors in its $439.1 billion Fidelity Government Money Market Fund by keeping them in higher-cost share classes than they were eligible for. U.S. District Judge Margaret Garnett in Manhattan rejected claims that Fidelity unjustly enriched itself, and the...

Clorox Co ( CLX ) shares are rising higher on Wednesday. CNBC's “Halftime Report” highlighted the stock as a buying opportunity despite weakness across the consumer‑staples sector this month. Here’s what you additionally may want to know. Clorox stock is gaining positive traction. Why are CLX shares climbing? Analyst Commentary Sparks Interest Jenny Harrington, CEO of Gilman Hill Asset Management,...