Penn sports betting business posts fourth quarter profit

Penn sports betting business posts fourth quarter profit

In this photo illustration the Penn Entertainment logo seen displayed on a smartphone mobile screen. Raphael Henrique | SOPA Images | Light flare | Getty Images Penn Entertainment Thursday became the first US gambling company to post a profit in its sports betting business in the last three months of a year. Usually, it is … Read more

Stocks moving high noon: META, ALGN, COIN

Stocks moving high noon: META, ALGN, COIN

The Commission challenged Meta’s pairing of Facebook Marketplace with its personal social network. Budrul Chukrut | SOPA Images | Light flare | Getty Images Find out which companies are making headlines in the midday business. Meta – Shares of the tech giant jumped 25% midway through the trading day, on track for its strongest day … Read more

Robert Kraft wants Tom Brady to retire with the Patriots

Robert Kraft wants Tom Brady to retire with the Patriots

New England Patriots’ Tom Brady #12 celebrates with team owner Robert Kraft after defeating the Seattle Seahawks 28-24 in Super Bowl XLIX at University of Phoenix Stadium on February 1, 2015 in Glendale , Arizona. Tom Pennington | Getty Images New England Patriots owner Robert Kraft wants Tom Brady to re-sign with the team for … Read more

Coinbase Stock Jumps 20% After Federal Securities Lawsuit Dismissed

Coinbase Stock Jumps 20% After Federal Securities Lawsuit Dismissed

The logo of Coinbase Global Inc, the largest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others in Times Square in New York, U.S., April 14, 2021. Shannon Stapleton | Reuters Coinbase Shares jumped after a federal judge in Manhattan dismissed a class action lawsuit against the cryptocurrency exchange on Wednesday in … Read more

Wall Street analysts bullish on META, NVDA and FSLR

Wall Street analysts bullish on META, NVDA and FSLR

Here are Thursday’s most important calls on Wall Street: JMP downgrades Peloton to market performance from outperformance JMP downgraded the stock primarily on valuation. “We are downgrading our rating on Peloton shares from Market Outperform to Market Perform as Peloton hit our previous price target of $16 while we leave our estimates for fiscal 2024 … Read more

There are still too many risks in the stock and bond markets. Earn that easy 4.5% return while waiting for stability, says the trader who got 2 big calls in 2022.

There are still too many risks in the stock and bond markets.  Earn that easy 4.5% return while waiting for stability, says the trader who got 2 big calls in 2022.

Ahead of major tech earnings, Meta results set to illuminate Nasdaq Composite COMP for Thursday. The S&P 500 SPX also points to gains as investors take a half-full view of the Fed meeting. LaDucTrading.com founder Samantha LaDuc worries investors are in the clutches of another Fed misreading. “The market is not expecting a higher terminal … Read more

Adani’s losses top $100 billion following Hindenburg Research report

Adani’s losses top 0 billion following Hindenburg Research report

Adani Group signage at the company’s gas station in Ahmedabad, India on Wednesday, February 1, 2023. Bloomberg | Bloomberg | Getty Images Indian conglomerate Adani deepened market losses to top $100 billion on Thursday, which have snowballed since a scathing report from a short seller sparked market turmoil and led the company to backtrack. its … Read more

Oil giant reports record annual profits

Oil giant reports record annual profits

Shell said last month that windfall taxes imposed by the European Union and the United Kingdom following the profit hike would cost the group around $2 billion. Paul Ellis | AFP | Getty Images British oil giant Shell posted its highest-ever annual profit on Thursday, buoyed by soaring fossil fuel prices and robust demand since … Read more

Watch out for tech stocks – these cash-rich names are a better bet: analysts

Watch out for tech stocks – these cash-rich names are a better bet: analysts

Forget about growth stocks like technology. Analysts recommend investors go for companies with plenty of cash. The market rallied in January, including the tech-heavy Nasdaq Composite, which rose nearly 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 inflation is … Read more

Biden’s IRA left Europe blind. And playing catch-up could lead to 2 big mistakes

Biden’s IRA left Europe blind.  And playing catch-up could lead to 2 big mistakes

US President Joe Biden and European Commission President Ursula von der Leyen. Bloomberg | Bloomberg | Getty Images The European Union is working against time to create a program that can compete with President Joe Biden’s unprecedented climate subsidies. But he will face two key problems in the process. The EU had long asked the … Read more