GAMBLING

Panel predicts most

sports bets online

Gambling operators and tech providers say 90% of all sports betting in the U.S. will be done over mobile phones or the internet in the next five to 10 years.

Speaking Thursday at the East Coast Gaming Congress in Atlantic City, executives said the rapid advance of technology is pushing sports betting further online.

Moti Malul, CEO of NeoGames, and Parikshat Khanna, CEO of CG Technology, both predict 90% of sports wagers will be taken by smart phone or internet within the next 10 years.

Itai Pazner, CEO of 888 Holdings, has lesser expectations of mobile sports betting, but still predicts at least half of it will be done online within the next five years.

So far, at least eight states have begun accepting sports wagers, while several others have authorized sports betting.

 

SOCIAL MEDIA

Twitter battles

misinformation

Twitter says it has deleted nearly 4,800 suspect accounts linked to Iran that the company says secretly pushed that government's agenda.

Twitter is adding those accounts and their tweets to a public database it launched last year to track its battle against government-linked misinformation.

It is also adding a smaller number of deleted accounts linked to Russia, Venezuela and the Catalonia region of Spain.

 

MORTGAGE RATES

Long-term rates

little changed

U.S. long-term mortgage rates were little changed this week, after six straight weeks of declines putting them at historically low levels.

Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage held steady from last week at 3.82 percent, its lowest point since September 2017.

The average rate for 15-year, fixed-rate home loans slipped this week to 3.26% from 3.28%.

 

TRAVEL

Airlines pushing

prices higher

U.S. airlines are pushing base fares higher again despite a recent dip in fuel prices, according to J.P. Morgan.

American confirms it is raising fares on many U.S. flights by $5 each way. J.P. Morgan says Southwest is also boosting prices.

In midday trading, shares of the leading U.S. airlines were all higher.

 

WALL STREET

US stocks snap

short losing streak

Gains in energy and internet companies helped drive stocks broadly higher on Wall Street Thursday, snapping a two-day losing streak in an otherwise choppy week of trading.

The gains were initially fueled by rising oil prices.