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

Stocks move big afternoon: META, ALGN, COIN

Stocks move big afternoon: META, ALGN, COIN

The Commission objected to Meta’s linking of Facebook Marketplace to his personal social network. Budrul Chukrut | SOPA Images | Rocket | Getty Images Check out the companies making headlines during midday trading. meta — Shares of the tech giant were up 25% midway through the trading day, heading for its strongest day in nearly … Read more

Ford (F) Q4 2022 earnings

Ford (F) Q4 2022 earnings

Ford CEO Jim Farley removes his mask at the Ford Built for America event at Ford’s Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford engine will report its fourth-quarter results Thursday after the bell. Here’s what Wall Street expects, according to consensus estimates from Refinitiv: … 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

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

Ferrari’s 2022 revenues up 13%, supercar maker leads to strong 2023

Ferrari’s 2022 revenues up 13%, supercar maker leads to strong 2023

Benedetto Vigna, CEO of Ferrari, poses for a photo as Ferrari unveils a new long-term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday it reported annual gains of 13% year over year and led to an even stronger year in 2023 thanks to what the CEO called “continued … Read more

European Central Bank raises interest rates by 50 basis points, promises further hike in March

European Central Bank raises interest rates by 50 basis points, promises further hike in March

Christine Lagarde, President of the European Central Bank speaks at an event. Bloomberg | Bloomberg | Getty Images The European Central Bank on Thursday confirmed its expectation of a rate hike of 50 basis points, bringing the policy rate to 2.5%. In a statement, it pledged to “stay on track in significantly raising interest rates … Read more

Shares fall despite profit margin

Shares fall despite profit margin

A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuters German Bank on Thursday it reported its 10th consecutive quarter of gains, but shares retreated as analysts focused on uncertain outlook and weakness at the investment bank. Deutsche Bank reported a net profit … 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 that investors choose companies with a lot 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 that … 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