Articles

DraftKings’ stock slides 5% after revenue miss, but analysts are still upbeat

A plan to implement a gaming-tax surcharge in high-tax states next year is “a gamble in itself,” according to an analyst.

Google has pulled controversial Gemini AI Olympics ad from TV rotation

A Google AI-focused Olympics advertisement that sparked backlash has been removed from TV rotation, according to the technology giant.

Intel borders on ‘existential’ crisis as stock could see worst fall in 50 years

An analyst says the company looks to be in a “spiral” following steep cost cuts and a reset of expectations.

Cathie Wood’s Ark ETFs buy a bunch of Moderna stock after record selloff

High-profile investor Cathie Wood saw the record selloff in Moderna’s stock as an opportunity to bulk up her bets on the biotechnology company.

The Bank of England cut rates but raised growth forecasts. What this means for U.K. assets.

When the Bank of England on Thursday trimmed interest rates for the first time in more than four years, it was doing something unusual: easing monetary policy while also raising its growth forecasts for the U.K. economy.

Auto sales in the U.S. rebound after crippling cyberattack

ales of new cars and trucks in the U.S. rebounded in July after auto dealers fixed their computer systems following a major cyberattack and were able to completed thousands of delayed purchases.

Nvidia being probed by Justice Department, two separate reports say

Nvidia is reportedly being investigated by the Department of Justice over an acquisition as well as its practices on the sale of its microchips used to power artificial-intelligence applications.

Oil prices on track for 4th straight weekly decline on worries over demand

Oil futures rose Friday, but remained on track for a fourth straight weekly decline as worries about the demand outlook in both China and the U.S. overshadowed fears of a wider Middle Eastern conflict.

You understand money and markets, so being a DIY investor is no problem, right? Not so fast.

Why pay a financial planner to do something you can do yourself? Because you may be in over your head.

Chevron’s stock drops after a profit miss amid lower margins on refined products

Chevron’s stock fell Friday after the oil and gas giant reported second-quarter revenue that beat expectations profit that missed. The company cited softer margins and recent operational downtime.

Cinemark’s earnings top estimates with boost from success of ‘Inside Out 2’

Cinemark Holdings Inc.’s stock rose 3.9% early Friday, after the cinema operator posted second-quarter earnings that beat expectations as cinemagoers flocked to movies including the record-setting “Inside Out 2.”

Exxon Mobil boasts of oil production as Q2 results beat analyst estimates

Exxon Mobil Corp.’s stock rose 1.3% in premarket trading on Friday after the oil giant said its second-quarter profit rose 17% and topped analyst estimates.
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