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 …
Penn sports betting business posts fourth quarter profit Read More »
Ford CEO Jim Farley removes his mask during the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford engine is set to release its fourth quarter results after the bell on Thursday. Here’s what Wall Street expects, according to …
Here are Thursday’s biggest calls on Wall Street: JMP downgrades Peloton for market performance to outperform 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 FY2024 estimates largely unchanged following …
Wall Street analysts bullish on META, NVDA and FSLR Read More »
Futures linked to the Nasdaq-100 were higher on Thursday, boosted by net gains from Facebook’s parent meta-platforms. Nasdaq-100 futures gained 1.3%. S&P 500 futures jumped 0.5%. Futures contracts linked to the Dow Jones Industrial Average fell 43 points, or 0.1%. Meta jumped more than 19% in premarket trading after reporting a pace of growth in …
Nasdaq-100 futures rise as Meta rises in pace with quarterly earnings Read More »
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 …
US President Joe Biden, front, and Ursula von der Leyen, President of the European Commission. 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 …
Biden’s IRA left Europe blind. And playing catch-up could lead to 2 big mistakes Read More »
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michel Loccisano | Getty Images Section said Wednesday its net loss was down year-over-year and for the third straight quarter, subscription revenue exceeded sales of the company’s connected fitness products. CEO Barry McCarthy called the results a possible …
Bars of 99.99% pure gold are placed in a work room at the Krastsvetmet precious metals factory in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. Alexander Manzyuk | Reuters Gold demand hit an 11-year high in 2022 thanks to “colossal central bank buying, aided by vigorous buying by retail investors,” according to the …
Gold demand hits 11-year high on ‘colossal’ central bank buying Read More »
Britain’s Prime Minister Rishi Sunak speaks during a question and answer session at Teesside University, January 29, 2019. 30, 2023. Oli Scarf | Wpa division | Getty ImagesNews The UK has officially laid out plans to regulate the cryptocurrency industry, with the government seeking to curb some of the reckless business practices that have emerged …
Britain Outlines Plans To Regulate Crypto Industry Following FTX Collapse Read More »
A screen displays the Fed’s rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and Bank of England are all expected to raise interest rates again this week as they make their first policy …
Central banks set to signal path of sliding interest rates in crucial week Read More »