Television streaming company fuboTV Inc. (FUBO) offers subscribers access to live sports, news, and entertainment content. It operates through two segments: streaming and online wagering. Its fuboTV platform enables customers to access content through streaming devices, smart TVs, mobile phones, tablets, and computers.
The August consumer price index (CPI) increased 8.3% year-over-year, higher than expected. With inflation hovering around its highest levels since the early 1980s, the Federal Reserve recently raised benchmark interest rates by another 75 basis points and indicated more aggressive rate hikes this year. As the Fed might deliver more jumbo-size rate hikes, the odds of a recession are increasing.
