Data from six states suggests DraftKings' second-quarter revenue is on pace to beat Wall Street's estimates, one analyst says.
The goal of an investment — whether you place your money in stocks, a business or real estate — is generally to end up with more money than you started with. When you earn enough money from investments, you’ll have … Continue reading → The post Florida Capital Gains Tax appeared first on SmartAsset Blog.
What happened Shares of Moderna (NASDAQ: MRNA) are up 9% as of 2:45 p.m. EDT today, after the Food and Drug Administration (FDA) granted Fast Track designation for mRNA-1345, the company's vaccine candidate for respiratory syncytial virus (RSV).
Year-to-date, the market trends are highly positive. The S&P 500 is up ~18%, while the tech-heavy NASDAQ, has put up a 14.5% year-to-date gain. There are potential headwinds – inflation is a worry, as is the possibility of further COVID-related restriction policies. But for now, the economy is mostly open, consumers are starting to spend, and investors seem optimistic. As J.P. Morgan’s chief US strategist Dubravko Lakos-Bujas recently put it, the economic gains are “not an event but rather a pro
Biden calls Delta-driven surge of coronavirus cases ‘largely preventable tragedy,’ Lyft turns profitable as demand increases, SEC’s Gensler calls unregulated crypto markets ‘the Wild West,’ and other news to start your day.
The auto maker needed to deliver a big beat and raise quarter to get its shares moving higher. It did, but it still wasn't enough.
Less than four months after going public and being valued at more than $3 billion by Wall Street, Zymergen Inc. unleashed some bad news Tuesday afternoon and was on pace to lose more than two-thirds of its market cap.
It's been a rough year for Fastly (NYSE: FSLY) stock. Slowing organic growth, the loss of the company's chief financial officer, and outsize growth at competitor Cloudflare (NYSE: NET) are among some of the concerns likely weighing on the stock. Ahead of Fastly's quarterly update, here's a preview of some key items to watch.
Treasuries may afford safety, but at yields far below inflation, you’re losing money every month, says one strategist.
According to New Frontier Data, legal weed sales in the U.S. are expected to grow by an annual average of 21%, ultimately hitting north of $41 billion by mid-decade. While this sales growth will undoubtedly make some cannabis investors rich, we also know that not every marijuana stock can be a winner. The following trio of pot stocks stand out for all the wrong reasons and should be avoided like the plague in August.
Exxon Mobil Corporation(NYSE:XOM) posted a positive earnings result for the second quarter in the row. However, the stock price is not following the suit, remaining lodged around US$58, following a dip in July. We think that the softer headline numbers might be getting counterbalanced by some positive underlying factors.
U.S.-listed shares of Chinese electric vehicle maker Nio (NYSE: NIO) are sinking a day after the company reported its monthly vehicle delivery figure for July. As of 12:15 p.m. EDT, Nio's U.S.-listed shares were down by about 3% after having been down by almost 5% earlier in the session. Nio's Chinese competitors Li Auto (NASDAQ: LI) and XPeng (NYSE: XPEV) also reported their July data Monday, and their growth outpaced that of Nio.
Memory-chip maker Micron Technology (NASDAQ: MU) just announced a quarterly dividend policy. The payouts are starting out small, but I expect the company to build up its dividend yield over time. Let's see what Micron's payouts will mean to us shareholders.
Headlines about PayPal founder Peter Thiel’s $5 billion tax-free retirement account have some clients salivating. But regulatory changes may be coming.
The business development company said it is planning to buy a small bank and convert itself to a bank holding company.
Nikhil Kamath - India’s youngest billionaire and True Beacon Global Co-Founder & CIO; Zeroda Co-founder, joined Yahoo Finance to discuss the latest on Robinhood.
While refiners had ramped up crude processing in the second quarter as U.S. gasoline and diesel fuel demand has nearly recovered to pre-pandemic levels, refined products are facing headwinds from rising fears the Delta variant could impact travel-related demand. Marathon Petroleum forecast current-quarter throughput, the amount of crude processed, of 2.8 million barrels per day, compared with 2.9 million bpd in the second quarter ended June 30. Marathon's rival Phillips 66, which also posted its first adjusted quarterly profit in more than a year, said on Tuesday market conditions in the third quarter would determine refinery utilization levels.
The food purveyor reported an adjusted profit of 78 cents a share, beating forecasts for 72 cents a share, on sales of $6.6 billion, topping expectations for $6.55 billion.
Shares of MGM Growth Properties LLC shot up 7.4% in premarket trading Wednesday, after the real estate investment trust announced an agreement to be acquired by VICI Properties Inc. in a deal valued at $17.2 billion, including the assumption of $5.7 billion of debt. VICI shares edged up 0.3% and MGM Resorts International's stock gained 3.8% ahead of the open. Under terms of the deal, MGM Growth shareholders will receive 1.366 shares of newly issued VICI stock for each MGM Growth share they own,
Yahoo Finance's Dan Howley breaks down Activision Blizzard's latest earnings report.
Biden would set the rate way too high, but there is an ideal way to collect some revenue without killing innovation or growth