Latest in DraftKings cuts full year outlook, citing unfavorable sports betting outcomes
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DraftKings cuts full-year outlook, citing unfavorable sports-betting outcomes
DraftKings stock falls as “customer-friendly” sports outcomes early in the current quarter led to a lowered full-year revenue outlook.Business - MarketWatch - 5 hours ago -
Expedia shares rise after company raises full-year outlook, citing progress abroad amid travel-demand concerns
Shares of Expedia Group Inc. rallied after hours on Thursday after the travel-booking platform boosted its full-year outlook, helped by consumer demand and growth in advertising and its segment ...Business - MarketWatch - 5 hours ago -
DraftKings CEO says sports betting industry is at 'important inflection point'
It's been six years since the Supreme Court lifted the federal ban on sports betting, and the practice is now legal in 38 states and Washington, D.C.Business - CNBC - 3 hours ago -
Abbott Labs beats Q3 sales and earnings expectations, raises full-year outlook
Abbott Laboratories on Wednesday reported better-than-expected third-quarter earnings and sales, boosted by strength in the company’s medical-devices business.Business - MarketWatch - October 16 -
Volvo Cars slashes outlook citing ‘increasingly volatile environment’
Volvo Cars CEO Jim Rowan said the company is facing slower demand in Europe, the U.S. and China.Business - MarketWatch - October 23 -
Don’t bet on a taxing outcome for UK gambling companies
Fears that money would flow from the regulated sector has long deterred action against the industryBusiness - Financial Times - October 14 -
STMicroelectronics Cuts Outlook Again on Continued Weak Demand
STMicroelectronics slashed its annual guidance for the third time this year after posting a slump in net profit and sales, as demand for chips in cars and industrial equipment remained weak.Business - The Wall Street Journal - October 31 -
Smith & Nephew cuts outlook on China weakness
FTSE 100 medical manufacturer reports price pressures and worse-than-expected demandWorld - Financial Times - October 31 -
Salzgitter Cuts Outlook After Swing to Nine-Month Pretax Loss
The German steel company slashed its outlook for the third time this year, adding that it expects to report a pretax loss for 2024 amid sustained economic weakness.Business - The Wall Street Journal - October 22 -
IMF warns on China's property market worsening as it cuts country's growth outlook
In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection.Business - CNBC - October 23 -
Eni Cuts Profit Outlook on Weak Prices, Lifts Buybacks
Eni lowered its guidance for the year due to a decline in oil prices which also hit the Italian energy major’s third-quarter profits, but said it planned to increase its share buy backs.Business - The Wall Street Journal - October 25 -
Huntington Ingalls' Shares Tumble on Outlook Cut, Navy Contract Delay
The biggest U.S. military shipbuilder pulled its five-year free cash-flow forecast amid uncertainty about a submarine contract, supply-chain disruption and the loss of experienced workers.Business - The Wall Street Journal - October 31 -
Federal Reserve to Cut Rates Again Despite Unclear Post-Election Outlook
Two days after the election, the Federal Reserve will cut rates again.Business - Inc. - 4 days ago -
ADM Discloses More Accounting Issues, Cuts Profit Outlook
The agriculture company disclosed more accounting problems and will amend some past financial results while slashing its profit forecast for the year.Business - The Wall Street Journal - 3 days ago -
WNBA outlook is promising after record-setting year — but challenges lie ahead
The WNBA outlook seems promising heading into the offseason following a banner season with record ratings, attendance and a first-time champion in New YorkSports - ABC News - October 24 -
South Carolina women clear-cut betting favorites
South Carolina was viewed as a second-tier contender, not one of the clear favorites, entering last season. Oddsmakers aren't doubting the Gamecocks this season, though.Sports - ESPN - 3 days ago -
New Jersey Benefits From Sports Betting, but at What Cost?
While sports betting has created jobs and revenue for the state, there’s a dark side too.Business - Inc. - October 24 -
Betting the Sports Equinox: NFL, NBA, MLB, NHL picks for Monday
The World Series highlights a 2024 sports equinox filled with plenty of betting opportunities. Here are our picks for the day.Sports - ESPN - October 28 -
As sports betting addiction takes hold in Brazil, the government moves to crack down
The story of “King,” who doesn't disclose his real name, is similar to that of many vulnerable Brazilians in recent yearsWorld - ABC News - 14 hours ago -
As sports betting addiction takes hold in Brazil, the government moves to crack down
The story of “King,” who doesn't disclose his real name, is similar to that of many vulnerable Brazilians in recent yearsHealth - ABC News - 14 hours ago -
CVS cuts outlook yet again — while swapping out CEO for a company veteran
“The shift in management is not surprising as the company looks to level set its operations and strategically position itself for future growth,” analyst said.Business - MarketWatch - October 18 -
Harris courts male voters on fantasy sports, sports betting and video game platforms
Kamala Harris' presidential campaign is ramping up efforts to court male voters two weeks before Election Day with ads on platforms frequented by men like fantasy sports, sports betting, sports ...Politics - NBC News - October 18 -
Entain Raises Full-Year Guidance After Results Exceed Expectations
Ladbrokes owner Entain raised its full-year guidance and reported third-quarter results that exceeded its own expectations, helped by growth in the U.S.Business - The Wall Street Journal - October 17 -
Tariff surge would damage global growth, IMF warns
In a forecast two weeks before US election the fund says greater protectionism would drag down world economyBusiness - Financial Times - October 22 -
Akzo Nobel Sees Full-Year Earnings at Lower End of Guidance
The Dutch paints company reported a fall in third-quarter net profit, missing consensus views, and said it expected full-year earnings at the lower end of its guidance.Business - The Wall Street Journal - October 23 -
Betting buzz: The worst bad beat of the year?
One Tua Tagovailoa cost prop bettors, a losing streak came to an end and big underdogs continue to win outright in this week's NFL betting storylines.Sports - ESPN - 3 days ago -
New Jersey loves the money from online sports betting, but fears addictive consequences
Online sports betting is bringing in new revenue for New Jersey, but it is also creating concerns over gambling addiction and whether it harms the finances of Atlantic City’s casinos, which depend ...Entertainment - ABC News - October 24 -
New Jersey loves the money from online sports betting, but fears addictive consequences
Online sports betting is bringing in new revenue for New Jersey, but it is also creating concerns over gambling addiction and whether it harms the finances of Atlantic City’s casinos, which depend ...Sports - ABC News - October 24 -
Missouri sports betting ballot measure highlights national debate about tax rates
Missouri voters are considering whether to make the state the 40th jurisdiction to legalize sports bettingSports - ABC News - October 27 -
China cuts interest rates in battle to hit year-end growth target
Beijing steps up efforts to reboot economy amid mounting pressure to achieve goal of about 5% growthWorld - Financial Times - October 21 -
Walmart and Other Retailers Cut Christmas Goods Imports This Year
A tepid holiday season forecast prompted many companies to slash their orders for trees, tinsel and other holiday gear.Business - Inc. - 2 days ago -
Powell: Fed won't 'speculate' about Trump's impact on economy
The Federal Reserve cut interest rates by 0.25 percentage points on Thursday, the second consecutive cut since a two-year rate hike run to curb post-pandemic inflation, as the economy and labor ...Politics - The Hill - 12 hours ago -
Trump trade war ‘could push eurozone into full-blown recession’; UK and US expected to cut interest rates today – business live
Rolling coverage of the latest economic and financial news. City analysts overwhelmingly predict Bank of England interest rate cut Wall Street and bitcoin soar to record highs as Trump wins ...World - The Guardian - 19 hours ago -
Pfizer tops earnings estimates, hikes full-year guidance as Covid products help sales
It is a critical quarterly report for Pfizer, which is grappling with activist pressure from Starboard Value.Business - CNBC - October 29 -
Peloton raises its full-year profit guidance, but expects the holiday quarter to be softer than expected
Peloton's cash flows are improving, but it's expecting to sell fewer bikes and treadmills during its holiday quarter than Wall Street expected.Business - CNBC - October 31 -
Novo Nordisk shares jump 8% after Wegovy sales beat expectations
Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance.Business - CNBC - Yesterday -
Amazon makes fresh nuclear bet. Is it good news for this year’s hottest stocks?
Tech companies are embracing the construction of new small modular reactors, which could have nuanced implications for nuclear stocks that have been some of the biggest gainers of 2024.Business - MarketWatch - October 16 -
BetMGM cuts under prop bets on NBA players on 2-way or 10-day contracts
BetMGM Sportsbook will no longer accept NBA proposition under bets on players on two-way or 10-day contractsSports - ABC News - October 18 -
2024-25 CBS Sports Preseason Player of the Year: Alabama's Mark Sears beats out the bigs as hoops' top player
With a litany of weapons and proven stat track record, we're going with the guy who guided Alabama to its first Final Four to win NPOYSports - CBS Sports - October 15 -
2024-25 CBS Sports Preseason Freshman of the Year: Duke's Cooper Flagg leads frosh All-America team
Flagg isn't the only freshman who is expected to do great things this seasonSports - CBS Sports - October 16