Sports betting Penn reports fourth quarter profits

Sports betting Penn reports fourth quarter profits

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone’s mobile screen. Rafael Henrique | SOPA Images | Rocket | Getty Images Penn entertainment on Thursday became the first US gambling company to make a profit in its sports betting during the last three months of a year. It’s usually harder to … Read more

Alphabet (GOOGL) earnings Q4 2022

Alphabet (GOOGL) earnings Q4 2022

Sundar Pichai, CEO of Alphabet Inc., speaks at the CEO Summit of the Americas hosted by the American Chamber of Commerce in Los Angeles, California, USA, on Thursday, June 9, 2022. Kyle Grillo | Bloomberg | Getty Images Google older Alphabet will report fourth-quarter results on Thursday after the close of regular trading. Here’s what … Read more

Robert Kraft wants Tom Brady to retire from the Patriots

Robert Kraft wants Tom Brady to retire from the Patriots

Tom Brady #12 of the New England Patriots celebrates with team owner Robert Kraft after defeating the Seattle Seahawks 28-24 during 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 … Read more

Coinbase Shares Soar 20% After Federal Securities Case Dismissed

Coinbase Shares Soar 20% After Federal Securities Case Dismissed

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

Jim Cramer’s top 10 things to watch in the stock market Thursday: META

Jim Cramer’s top 10 things to watch in the stock market Thursday: META

My top 10 things to watch Thursday, February 2, 2023 1. The Federal Reserve says exactly what it should say, allowing all people to dream what they want to dream. It vowed to continue fighting inflation on Wednesday and raised interest rates by 25 basis points. But the market appeared to be recovering from Chairman … Read more

Wall Street analysts are bullish on META, NVDA and FSLR

Wall Street analysts are bullish on META, NVDA and FSLR

Here are Thursday’s biggest calls on Wall Street: JMP Downgrades Peloton on Outperform Market Performance JMP downgraded the stock primarily on valuation. “We are downgrading our rating for shares of Peloton from Market Outperform to Market Perform as Peloton met our previous price target of $16, while leaving our estimates for FY2024 largely unchanged following … Read more

Deutsche Bank beats fourth quarter earnings expectations as higher interest rates support earnings

Deutsche Bank beats fourth quarter earnings expectations as higher interest rates support earnings

A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuters German Bank announced its 10th consecutive quarter of profit on Thursday, driven by higher interest rates and favorable market conditions. Deutsche Bank reported a net profit of 1.8 billion euros ($1.98 billion) attributable … Read more

Biden’s IRA has left Europe blind. And overtaking can lead to 2 big mistakes

Biden’s IRA has left Europe blind.  And overtaking can 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 the clock to build a program to rival President Joe Biden’s unprecedented climate subsidies. But it will run into two major problems in the process. The EU has long been asking … 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 UK following the surge in profits would cost the group about $2 billion. Paul Ellis | Afp | Getty Images British oil giant Shell posted its highest annual profit on Thursday, buoyed by rising fossil fuel prices and strong demand since … Read more

Asia-Pacific markets are rising especially as investors process the Fed’s smaller quarter-point increase

Asia-Pacific markets are rising especially as investors process the Fed’s smaller quarter-point increase

Signs of ‘sequential acceleration’ in Hong Kong despite economic contraction in 2022: UBP Hong Kong’s economy is “in a position to return to expansion” this year, UBP told CNBC’s “Squawk Box Asia” on Thursday. “We’re seeing signs of a sequential acceleration in January. So that’s the good news,” said Carlos Casanova, UBP’s senior economist for … Read more