DraftKings CEO on legal sports betting: "the handcuffs are off"

SmartAsset
Forget About ‘Timing the Market': Schwab Research Reveals the Optimal Way to Invest
Can investors realistically time the market to maximize returns, especially over the long term? According to a recent study from Charles Schwab, perfect market timing is practically impossible. The firm’s research showed that most investors are better off investing as soon as possible using a buy-and-hold strategy rather than trying to predict short-term peaks and […] The post Forget About ‘Timing the Market’: Schwab Research Reveals the Optimal Way to Invest appeared first on SmartReads by Smar
21h ago
The Wall Street Journal
One Supreme Court Case Could Mess Up Chunks of the Tax Code
WASHINGTON—A case that could punch holes in the federal tax code heads to the Supreme Court on Tuesday. The court will hear arguments in Moore v. U.S., which challenges a piece of the 2017 tax law that imposed a one-time levy on profits that companies had accumulated outside the U.S. But its implications could reach much further, providing the justices an opportunity to define what Congress can tax under the Constitution—and what it can’t. Charles and Kathleen Moore argue that when the law passed, they hadn’t realized income from their investment in an India-based company and thus couldn’t be taxed.
23h ago
Fortune
Charlie Munger warned that a mega-mansion can make you ‘less happy’—and he lived in the same relatively modest house for seven decades
The billionaire investor watched rich friends build “really fancy houses," but "in practically every case, they make the person less happy, not happier."
2d ago
TipRanks
Obesity Drugs Have Multi-Billion-Dollar Market Potential, Says Oppenheimer — Here Are 2 Stocks to Take Advantage
A key to success in the stock market is a touch of foresight. Not quite precognition, but an ability to spot and put together clues and trends, to discern the ‘next big thing’ before it hits. This is true in every stock sector, but today we’ll focus on biotech. The biotech firms have famously high product lead times, paired with equally high overhead expenses; it’s a combination that would make them unlikely investments, except that when a drug is approved, it can turn into a blockbuster. Succes
15h ago
SmartAsset
Ask an Advisor: I'm 67 with $750K in a 401(k). How Can I Preserve This Money for the Rest of My Life?
I am in a quandary about how to invest $750,000 that’s in my 401(k). I'm 67 years old, retired and I have not started taking Social Security yet. What is the best way to preserve this money for the rest of my life that doesn't have high fees? -Terry As you know, the big challenge […] The post Ask an Advisor: I’m 67 with $750K in a 401(k). How Can I Preserve This Money for the Rest of My Life? appeared first on SmartReads by SmartAsset.
21h ago
Fox Business
IRS move could carry hefty cost for some taxpayers
The IRS is raising the interest penalty for underpayment of estimated taxes, with taxpayers who are self-employed or work as independent contractors urged to be vigilant.
13h ago
Investor's Business Daily
Dow Jones Futures Fall; ARM, Palantir Lead 7 Stocks In Buy Areas
Dow Jones futures fell modestly early Monday, along with S&P 500 futures and Nasdaq futures. The stock market rally briefly hinted it might be ready for a pause, as megacaps Meta Platforms, Google parent Alphabet and Nvidia faltered somewhat.
3m ago
The Wall Street Journal
Hawaiian Airlines Stock Price Triples on Alaska Deal
Talk about skyrocketing airline prices. [Alaska Air agreed to pay roughly $1 billion for Hawaiian Airlines](https://www.wsj.com/business/airlines/alaska-air-nears-deal-to-buy-hawaiian-airlines-07ce881b), quadruple the $250 million that the Honolulu-based carrier was worth on the stock market on Friday.
22m ago
Investor's Business Daily
Alaska Air To Buy Hawaiian Airlines For 270% Premium
Alaska Air will buy Hawaiian Airlines parent Hawaiian Holdings for $18 a share, a 270% premium. The deal is $1.9 billion, including assumed debt.
1h ago
Barrons.com
5 Stocks to Play the U.S.-China Chip War, and Why Intel Isn’t One of Them
The U.S.-China rivalry over semiconductor technology is rocking the chips sector. While the tensions pose a headwind for popular chip stocks like Nvidia there are several companies well placed to benefit, according to Citi analysts. Fears over the vulnerability of Taiwan, as well as broader considerations of national security, are driving U.S. and European investment in semiconductor manufacturing.
5h ago
SmartAsset
Morningstar evaluation: These are the 3 top guaranteed retirement incomes
Generating enough income in retirement to meet your spending needs is crucial. While Social Security provides inflation-protected retirement income, it's simply not enough for many retirees. If you need help planning for retirement, consider working with a financial advisor. John Rekenthaler, … Continue reading → The post Treasury Bonds vs. TIPS Ladders vs. Annuities: Which Strategy Is Best For Retirement Income? appeared first on SmartAsset Blog.
21h ago
Yahoo Finance
What analysts are saying about Wall Street's 2024 outlook
It’s that time of year when Wall Street’s top strategists tell clients where they see the stock market heading in the year ahead. Typically, the average forecast for the group predicts the S&P 500 climbing by about 10%, which is in line with historical averages.
22h ago
Bloomberg
Chip Materials Maker Goes Into Debt Rather Than Raise Prices
(Bloomberg) -- One of the chipmaking industry’s small but indispensable suppliers is sinking deeper in debt because it’s refusing to raise prices to cover mounting capex costs.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsBonds, Stocks in Retreat as Rate Realism Seeps In: Markets WrapBitcoin Surges Past $42,000 as Crypto Rally Gathers SteamHere’s How to Invest in Gold as It Hits an All-Time HighAlaska Air Agrees to Buy Hawaiian in $1.9 Billion DealOsaka-based Fuso
11h ago
Barrons.com
These 11 Stocks Have Been Left Out of the Tech Rally. Maybe Not for Long.
The tech rally looks likely to continue but eventually the gains will have to spread beyond the “Magnificent Seven.” Here are some likely beneficiaries.
5h ago
Barrons.com
Gold Price Drops Back. What’s Next for the Precious Metal.
Gold prices dropped back from record highs early on Monday. Some analysts are skeptical of further gains.
2h ago
Reuters
Bull market in view after S&P 500 hits fresh year-high
The S&P 500's feverish late-year rally has brought the index to its highest level of 2023, leaving it just 4.2% away from the all-time peak reached in January 2022. A close above 4,796.56 on the S&P 500 would confirm that the index has been in a bull market since bottoming out on Oct. 12, 2022, by one commonly used definition. A look at bull markets of the past suggests that investors should expect stocks to take a breather before marching higher.
1h ago
The Wall Street Journal
Beyoncé’s ‘Renaissance’ Tops U.S. Box Office With $21 Million in Sales
The concert film outperformed competitors on its opening weekend but couldn’t match the box office of Taylor Swift’s film debut.
16h ago
Barrons.com
These Stocks Are Moving the Most Today: Uber, Coinbase, Spotify, Hawaiian Holdings, and More
Stocks were on track to slip lower on Monday, pausing after a rally driven by optimism that the Federal Reserve could cut interest rates multiple times next year. Economic indicators are in focus, with U.S. factory orders for October due Monday—but the spotlight falls on Friday, when the closely watched U.S. jobs report for November will be released. Investors want to see signs that inflation and growth are waning sufficiently to encourage the Fed to cut rates—but not waning so much as to prompt broader concerns over the health of the economy.
1h ago
WSJ
Inside Anduril, the Defense Startup That’s Run Like a Tech Company
Startup Anduril Industries is shaking up the U.S. defense industry. Founded by Oculus creator Palmer Luckey, Anduril is building AI-powered, autonomous weapons systems that it says will create a more nimble and cost-effective military. Photo Illustration: Alexander Hotz/WSJ
8h ago
Bloomberg
Alaska Air Agrees to Buy Hawaiian in $1.9 Billion Deal
(Bloomberg) -- Alaska Air Group Inc. agreed to buy rival Hawaiian Holdings Inc. for $1.9 billion in cash and debt, challenging the Biden administration’s aggressive stance on mergers that has already derailed one partnership between carriers.Most Read from BloombergHow Suspects Laundered Billions in Singapore for YearsBonds, Stocks in Retreat as Rate Realism Seeps In: Markets WrapBitcoin Surges Past $42,000 as Crypto Rally Gathers SteamHere’s How to Invest in Gold as It Hits an All-Time HighAlas
2h ago

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DraftKings CEO on legal sports betting: "the handcuffs are off"

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