(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
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.
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.
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.
Disney Plus global paid subscribers will increase by “low single-digit millions of subscribers” for the quarter ending September 2021, Disney CEO Bob Chapek said — marking a slowdown from recent periods for the Mouse House’s flagship streamer. Sub growth in Disney Plus core markets (excluding Hotstar) will continue both domestically and internationally in the current […]
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.
Yahoo Finance’s Ines Ferre reports on the day's trending tickers.
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.
Adobe reported fiscal third-quarter earnings and sales that beat Wall Street expectations, but the shares still slipped.
(Bloomberg) -- Nouriel Roubini -- renowned for foreseeing the mortgage collapse that helped produce the 2008 financial crisis -- said the post-pandemic world seems to be heading toward a repeat. 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, Wrapp
ARK Invest keeps adding to some of CEO Cathie Wood's bigger holdings even as the market took a hit on Monday.
Aurora Cannabis Inc. (the "Company" or "Aurora") (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced today that it has rescheduled its conference call to discuss the results for its fourth quarter and full fiscal year 2021 to Monday, September 27, 2021 at 5:00 p.m. Eastern Time | 3:00 p.m. Mountain Time. The Company will report its financial results for the fourth quarter and full fiscal year 2021, and file its related annual disclosure documen
Shares in the company, which has been hit hard by the coronavirus pandemic as theme parks and movie theaters were forced to shut down, fell about 3% after Chapek's statement. "Our TV group has hundreds of new programs in production ... but the resurgence of COVID and Delta did impact some of our productions so that we've got a lighter product quarter in Q4 than we might have expected," Chapek said at the Goldman Sachs Communacopia Conference. COVID-induced production delays were seen globally, which in turn were affecting supply of new content, but the issues were short term, he added.
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.
For decades, fuel cells have captivated the attention of innovators and investors alike. Fuel cells can generate electricity with low to no emissions and have many applications, from utilities to fuel cell vehicles. With the costs of renewable power and fuel cells falling, has the time finally come for fuel cell makers?
Digital media and marketing software firm Adobe late Tuesday easily beat Wall Street's targets for its fiscal third quarter and guided higher.
Cassava Sciences could hold the holy grail in Alzheimer's treatment. But once-highflying SAVA stock has plummeted this year.
The unnamed OEM was impressed with QuantumScape's early solid-state battery cells, a next-gen technology. QuantumScape stock soared.
If you buy high-quality companies and hang onto them for long periods of time, your chances of growing your initial investment by leaps and bounds goes up significantly. What's more, Novavax's vaccine development platform should allow it to quickly tackle new variants and develop potential combination treatments in the future.