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The casino name is juicing its rebound from the pandemic-prompted slowdown by expanding its sports-oriented offering.
Shares of entertainment conglomerate The Walt Disney Company (NYSE: DIS) closed down 4.1% in Tuesday trading after the House of Mouse disclosed a disappointing forecast for growth in its Disney+ division. Speaking at the Goldman Sachs "Communacopia" conference today, Disney CEO Bob Chapek estimated that fiscal fourth quarter paid subscribers to Disney's streaming service will rise by only "low single-digit millions". Chapek went on to explain that Disney exceeded expectations, netting 12.4 million new customers in Q3, but "hit some headwinds" in Q4 (that's this current quarter for Disney), reports Variety magazine.
These stocks are all about the big payoff.
(Bloomberg) -- John and Jenny Paulson are divorcing after more than 20 years of marriage, the latest split involving a billionaire family that’s set to reshape one of the world’s largest self-made fortunes.Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?For Christo and Jeanne-Cl
Yahoo Finance's Emily McCormick provides the key points to know about FedEx's Q1 earnings.
What happened Shares of online gambling stock DraftKings (NASDAQ: DKNG) fell as much as 8.2% in trading on Tuesday after reportedly making an offer to acquire global competitor Entain (LSE: ENT). Entain's shares jumped over 20% on the report, but investors didn't like the move from DraftKings quite as much.
It’s time to start buying this September pullback in the stock market. Lehman Brothers blew up in 2008 because the U.S. government failed to realize it was too big to fail. Lehman had sold a lot of flawed financial products around the world, so when it blew up, it created systemic problems.
Stop losing money on mediocre businesses.
Yahoo Finance’s Ines Ferre reports on the day's trending tickers.
Will we see home prices come down anytime soon? Here’s what the forecast models are predicting for the next year.
Upstart and Affirm Holdings (NASDAQ:AFRM), appear to now be the preferred stocks in the fintech space, as larger fintech companies PayPal (Nasdaq: PYPL) and Square (NYSE: SQ) have traded lower over the same period. The question now is whether Upstart has run too far too quickly.
Brian Sozzi, Julie Hyman, and Emily McCormick break down Tuesday's stocks on the move, which include: Uber shares seeing a jump in the market as a result of a more optimistic outlook for the company, Lennar stock dipping as supply chain constraints continue to plague the company, and Nvidia getting caught up in the Evergrande crisis.
What happened The stock market was having a mildly strong day. As of 1 p.m. EDT, all three major averages were higher by 0.3% or less. However, high-momentum fintech Upstart (NASDAQ: UPST) was another story altogether.
The unnamed OEM was impressed with QuantumScape's early solid-state battery cells, a next-gen technology. QuantumScape stock soared.
Bausch Health Companies (NYSE: BHC) was a very healthy stock Wednesday. Analyst Chris Schott from JPMorgan Chase's J.P. Morgan pointed out in his note that a sum-of-the-parts calculation indicates to him that Bausch stock could be worth around $40 (although he's maintaining his $38 price target). The prognosticator is also maintaining his overweight (buy) recommendation on the stock.
Adobe reported fiscal third-quarter earnings and sales that beat Wall Street expectations, but the shares still slipped.
Indeed, on July 14 we looked at the Point and Figure chart and wrote, "In this daily Point and Figure chart of WYNN, below, we can see a potential downside price target in the $83 area." In this updated daily bar chart of WYNN, below, we can see that WYNN fell fast and hard this month and filled an old gap from November. The On-Balance-Volume (OBV) is in a steep decline as traders are aggressive sellers.
(Bloomberg) -- A cryptocurrency data network run by some of Wall Street’s biggest players showed a roughly 90% plunge in Bitcoin on Monday, a glitch that didn’t show up on other platforms.Most Read from BloombergThe Global Housing Market Is Broken, and It’s Dividing Entire CountriesIstanbul Turns Taps on Old Fountains, Joining Global Push for Free DrinksMerkel’s Legacy Comes to Life on Berlin’s ‘Arab Street’Is There Room for E-Scooters in New York City?For Christo and Jeanne-Claude, Wrapping the
Yahoo Finance's Jennifer Schonberger breaks down what the sanctions from the U.S. Treasury could mean for cryptocurrencies.
What happened Shares of Uber Technologies (NYSE: UBER) jumped 11.5% on Tuesday after the ridesharing giant boosted its financial forecast. So what Uber now expects to generate earnings before interest, taxes, depreciation, and amortization (EBITDA) of negative $25 million in the third quarter.
Democrats are in the middle of a major effort to raise taxes on the wealthiest Americans to help offset the cost of their proposed expansion of the social safety net. “How is it possible for millionaires and billionaires that can pay a lower rate of tax than teachers, firefighters, or law enforcement officers?” President Joe Biden asked during remarks on the economy delivered at the White House last week. “Big corporations and the super wealthy have to start paying their fair share of taxes. It’