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DraftKings reported revenues of $1.10 billion, up 26.2% year on year. This number was in line with analysts’ expectations. Overall, it was a very strong quarter as it also recorded an impressive beat of analysts’ operating margin estimates and full-year revenue guidance exceeding analysts’ expectations.

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Inflation progressed towards the Fed’s 2% goal recently, leading the Fed to reduce its policy rate by 50bps (half a percent or 0.5%) in September 2024. This is the first cut in four years. While CPI (inflation) readings have been supportive lately, employment measures have bordered on worrisome. The markets will be debating whether this rate cut’s timing (and more potential ones in 2024 and 2025) is ideal for supporting the economy or a bit too late for a macro that has already cooled too much.

Rush Street Interactive pulled off the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 15.1% since reporting. It currently trades at $11.50.

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Hello Sean, First of all, just started running SKT and picked up your guide which is a god send in spicing things up and planning things out as a new DM. However I was thinking about that Giant Hunter gear you talked about under Chapter 2 that Beladora has (the stuff that’s similar to attack on Titan) and wondered how would the mechanics of that work as it seems like an awesome idea I just can’t envision the mechanics of it or how to play it out. Thanks, Jack