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 »
James Cameronpicture: Chung Seung Joon (Getty Images) OK Titanic fans, Youtube video essay book, and a detailed “let’s discuss this topic” exhorting users everywhere: It’s time to put this to rest once and for all. From the mouth of James Cameron himself, Jack may have escaped from his watery grave at the end Titanic. But …
James Cameron admits that Jack could have survived the Titanic 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 »
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 …
Contrasting indicators in the futures market keep Wolfe Research bullish There are mixed signals coming out of the futures market which has made Wolfe Research more positive in stocks. Futures contracts for the Nasdaq 100 index Analyst Rob Ginsberg wrote in a note on Monday that the big bulls have fallen 29% from the peak …
The International Monetary Fund (IMF) raised its global growth forecast for 2023 slightly due to “surprisingly resilient” demand in the United States and Europe and the reopening of the Chinese economy after Beijing abandoned its strict regime. A COVID-free strategy. The International Monetary Fund said that global growth will still decline to 2.9 percent in …
CNBC Pro: What one tech fund manager expects from Apple and Alphabet earnings this week Microsoft It issued a disappointing revenue forecast last week, but its inventory has increased since then. What does that mean for other big tech companies that are set to report their earnings? Technology fund manager Jeremy Gleeson, who manages the …
Asia-Pacific Stocks, Fed, Earnings, Economic Data Read More »
Bottles of Johnson & Johnson baby powder sit on a drugstore shelf in New York. Lucas Jackson | Reuters Johnson & JohnsonA federal appeals court on Monday rejected the strategy of using bankruptcy to resolve multibillion-dollar lawsuits over claims its talc products cause cancer, but the healthcare group said it would challenge the ruling. The …
A US court dismissed J&J’s bankruptcy strategy for tens of thousands of talc lawsuits Read More »
US President Joe Biden previously singled out ExxonMobil for making “more money than God” last year. Brandon Bell | Getty Images Some of the world’s largest oil and gas companies are preparing to report record annual profits, posting extraordinary revenue after a year of volatile fossil fuel prices amid Russia’s attack on Ukraine. Major oil …
A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell on Friday morning as investors looked forward to earnings and economic reports due later in the day. Futures related to the Dow Jones Industrial Average fell 42 …
Stock futures are trading lower after the Dow posted a five-day winning streak Read More »
A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell Thursday night as investors looked forward to Friday’s earnings and economic reports. And futures contracts related to the Dow Jones Industrial Average fell 49 points, or 0.14%. …
Stock futures drop after the Dow Jones index posts a five-day winning streak Read More »
The CEO of Toyota is stepping down from his position, effective April 1 The Japanese automaker said that Toyota Motor Corporation President and CEO Akio Toyoda will step down from his post on April 1, to be replaced by current brand chief Koji Sato. Toyoda will become the new chairman of the board, while current …
