# Caesars Just Went Big on Sports Betting—Here's What You Need to Know
Caesars Entertainment (CZR) just dropped its retail sportsbook at Red Mile in Lexington, Kentucky, and honestly? It's a pretty solid move. We're talking a 4,600 sq ft Vegas-style operation with five betting windows, a massive bar setup, and 14 self-service kiosks spread across the gaming floor. Second floor's got comfortable seating overlooking the racetrack—basically built for big sporting events.
But here's the thing: the real play is online. Caesars Sportsbook goes live on September 28, and early birds (who sign up betw

# Stock Split Alert: What Happens When Companies Reverse 10-to-1?
Banzai International (BNZI) just announced a 1-for-10 reverse split effective July 8, 2025—here's what that actually means for your portfolio.
**The Math**: 10 shares at $0.50 = 1 share at ~$5.00. Your total value doesn't change, just the share count and price shrink/expand.
**Why Now?** Companies pull this move when stock price tanks below listing minimums (Nasdaq/NYSE have rules). It's both a compliance fix and a PR move—"higher share prices = more credible" is psychology, but it works on institutional investors who have pric

# Coinbase vs SEC: Is encryption a collectible or an investment? A classic showdown in court.
In Wednesday's court, Coinbase's lawyer William Savitt threw out a metaphor - buying coins is like stamp collecting; you are only buying the item itself, with no associated rights.
Specifically, Savitt's logic is as follows: buying coins issued by the Beanie Babies toy company and buying the Beanie Babies toys themselves are two different things. When you buy stocks, you have voting rights and dividend rights; when you buy coins? You have no rights at all, they are just collectibles.
But

How big is the income gap among the middle class in Asia? The data will surprise you.
Vietnam starts at $6,000-18,000 per year, India at 6 million rupees (about $7,000) is considered comfortable, while China's first and second-tier cities jump directly to $28,000-85,000.
The most surprising thing is that the middle class in Japan, a developed country, is shrinking, with more and more people falling into "working poverty." In contrast, the middle class in India, Indonesia, and the Philippines is rapidly expanding, with India expected to reach 800 million middle-class individuals by 2030.
In

The wealthy in 2023 have really made a fortune! The top 10 richest people in the world increased their wealth by $465.4 billion in just one year, directly surpassing the market capitalization of the entire Walmart company.
Musk firmly holds the top spot with a net worth of $229 billion, a staggering increase of $92 billion in a year. Bezos closely follows with an increase of $69.9 billion, while Zuckerberg outpaces them all with an increase of $82.5 billion in a year. This wave of growth is mainly driven by the S&P 500 rising 24% throughout the year, with technology stocks experiencing a wild

Sugar prices caught in a tug-of-war today. NY March contracts (+0.14%) and London white sugar (+0.35%) bounced to 3.5-week highs on hopes that India might raise ethanol prices—which could pull more sugarcane toward fuel instead of sweetener.
But here's the catch: crude oil tanked over -2%, making ethanol less attractive and likely pushing mills back to sugar production. Plus, supply forecasts are getting uglier. The International Sugar Organization just flipped its 2025-26 outlook from a 231k MT deficit to a whopping 1.625M MT surplus, mainly because India, Thailand, and Pakistan are ramping u