In this photo illustration, the Penn Entertainment logo is displayed on the screen of a mobile phone smartphone. Rafael Henrique | SOPA Pictures | Light Rocket | Getty Images Penn Entertainment On Thursday, it became the first US gambling company to be profitable in the sports betting business during the last three months of the …
Penn Sports bookmaker reports profit in the last quarter of the year Read More »
Sundar Pichai, CEO, Alphabet Inc. , speaking during the CEOs Summit of the Americas hosted by the American Chamber of Commerce in Los Angeles, California, United States, on Thursday, June 9, 2022. Kyle Grillot | bloomberg | Getty Images Google’s parent the alphabet Fourth-quarter earnings will be reported Thursday after the close of normal trading. …
Here are Thursday’s biggest calls on Wall Street: JMP downgrades Peloton to market outperformer JMP and downgrades the stock primarily on valuation. “We are downgrading Peloton stock from outperform to market perform as Peloton reached our previous price target of $16 while leaving our estimate for fiscal year 2024 largely unchanged following fiscal year 2 …
Wall Street analysts are looking optimistic on META, NVDA and FSLR Read More »
Forget growth stocks like technology. Analysts recommend that investors go to companies with a lot of liquidity. The market rebounded in January — including the heavy Nasdaq Composite, which rose about 10.7% last month for its best monthly performance since July. But analysts say companies with pricing power are a safer bet than technology, given …
Tech stocks beware—these cash-rich names are your best bet: the analysts Read More »
A statue is pictured next to the German Deutsche Bank logo in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuters Deutsche Bank On Thursday, it reported its 10th consecutive quarter of earnings, getting a boost from higher interest rates and favorable market conditions. Deutsche Bank reported a net profit of 1.8 billion euros ($1.98 …
Shell said last month that unexpected taxes imposed by the European Union and the United Kingdom in the wake of the profit increase would cost the group about $2 billion. Paul Ellis | Afp | Getty Images British oil giant shell On Thursday, it posted its highest annual profit on record, buoyed by skyrocketing fossil …
US President Joe Biden and European Commission President Ursula von der Leyen. bloomberg | bloomberg | Getty Images The European Union is working around the clock to create a program to challenge the president Joe BidenUnprecedented climate support. But it will face two major problems in the process. The European Union has, for a long …
Signs of ‘serial acceleration’ in Hong Kong despite economic downturn in 2022: UBP UBB told CNBC’s “Squawk Box Asia” on Thursday that Hong Kong’s economy is “in a position to return to expansion” this year. “We’re seeing signs of a cascading acceleration in January. So that’s good news,” said Carlos Casanova, chief economist for Asia …
Adani group pictured outside Mumbai’s Chhatrapati Shivaji International Airport in Mumbai on July 28, 2021 (Photo by Indranil Mukherjee/AFP) (Photo by Indranil Mukherjee/AFP via Getty Images) Indranil Mukherjee Afp | Getty Images On Wednesday, Gautam Adani announced that he had canceled his company’s $2.5 billion share sale. And he withdrew the offering of shares in …
Adani canceled a $2.5 billion sale of shares as regulatory concerns grew Read More »
Private sector job openings slumped in January as weather-related issues pushed workers to the sidelines, payroll processor ADP reported Wednesday. Companies added just 106,000 new workers for the month, down from 253,000 new workers in the previous month. Economists polled by Dow Jones were looking for a gain of -190,000. Most of the growth has …
The OPEC logo is pictured at OPEC headquarters on October 4, 2022. Joe Clamart | Afp | Getty Images A technical committee of the influential OPEC+ alliance of oil producers made no recommendation to change the group’s current production policy at its latest meeting, according to three delegates. The OPEC+ Joint Ministerial Monitoring Committee, which …
The OPEC+ committee recommends not to change oil production policy at a virtual meeting Read More »
Brody Longo trains on his Peloton sport bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images peloton Wed told her Net loss narrowed On a year-over-year basis, and for the third consecutive quarter, subscription revenue was higher than sales of the company’s connected fitness products. CEO Barry McCarthy described the …
Peloton (PTON) Earnings for the Second Quarter of 2023 Read More »
