NASDAQ

For the stock market, it's all about the Fed

In this image, Jerome speaks while adjusting his glasses.
Jerome Powell speaks at a news conference on May 1, 2019. Photo: Mark Wilson/Getty Images

U.S. stocks have had a major reaction after Fed Chair Jerome Powell's policy meetings, a pattern that continued Tuesday when the S&P 500, the Dow and the Nasdaq all had their largest one-day gains in five months after Powell said the central bank would act "as appropriate" to address risks to the economy.

Why it matters: The U.S. trade war that could include China, Mexico, the EU, India and others has dominated the conversation in business circles over the past month, but Tuesday's price action showed nothing moves stocks like Powell and the Fed.

Nasdaq cashes in on digitized sports betting

In this image, people rush by a digital NASDAQ sign in New York City.
Photo: Spencer Platt/Getty Images

When you think of Nasdaq, chances are you think of the U.S.-based stock exchange. However, the company has numerous other lines of business, none more interesting than their foray into sports betting.

Why it matters: In addition to operating its own stock exchange in New York, Nasdaq is a technology provider for other global marketplaces. One of its core customers: sports betting operators.