In this photo illustration, the Penn Entertainment logo is displayed on a smartphone’s mobile screen. Rafael Henrique | SOPA Images | Rocket | Getty Images Penn entertainment on Thursday became the first US gambling company to make a profit in its sports betting during the last three months of a year. It’s usually harder to … Read more
Sundar Pichai, CEO of Alphabet Inc., speaks at the CEO Summit of the Americas hosted by the American Chamber of Commerce in Los Angeles, California, USA, on Thursday, June 9, 2022. Kyle Grillo | Bloomberg | Getty Images Google older Alphabet will report fourth-quarter results on Thursday after the close of regular trading. Here’s what … Read more
Ford CEO Jim Farley removes his mask at the Ford Built for America event at Ford’s Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan. Nic Antaya | Getty Images DETROIT – Ford engine will report its fourth-quarter results Thursday after the bell. Here’s what Wall Street expects, according to consensus estimates from Refinitiv: … Read more
Tom Brady #12 of the New England Patriots celebrates with team owner Robert Kraft after defeating the Seattle Seahawks 28-24 during Super Bowl XLIX at University of Phoenix Stadium on February 1, 2015 in Glendale, Arizona. Tom Pennington | Getty Images New England Patriots owner Robert Kraft wants Tom Brady to re-sign with the team … Read more
My top 10 things to watch Thursday, February 2, 2023 1. The Federal Reserve says exactly what it should say, allowing all people to dream what they want to dream. It vowed to continue fighting inflation on Wednesday and raised interest rates by 25 basis points. But the market appeared to be recovering from Chairman … Read more
Benedetto Vigna, CEO of Ferrari, poses for a photo as Ferrari unveils a new long-term strategy, in Maranello, Italy, June 15, 2022. Flavio Lo Scalzo | Reuters Ferrari on Thursday it reported annual gains of 13% year over year and led to an even stronger year in 2023 thanks to what the CEO called “continued … Read more
Christine Lagarde, President of the European Central Bank speaks at an event. Bloomberg | Bloomberg | Getty Images The European Central Bank on Thursday confirmed its expectation of a rate hike of 50 basis points, bringing the policy rate to 2.5%. In a statement, it pledged to “stay on track in significantly raising interest rates … Read more
Canadian Tammy Cecco was not a fan of cruising. “The thought of being on a ship with thousands of other people and not being able to get out,” she said, “I wanted to avoid.” That didn’t change when Cecco, a travel magazine publisher, boarded a surprise cruise her husband had booked to renew their vows … Read more
Shell said last month that windfall taxes imposed by the European Union and the UK following the surge in profits would cost the group about $2 billion. Paul Ellis | Afp | Getty Images British oil giant Shell posted its highest annual profit on Thursday, buoyed by rising fossil fuel prices and strong demand since … Read more
Forget about growth stocks like technology. Analysts recommend that investors choose companies with a lot of cash. The market rallied in January, including the tech-heavy Nasdaq Composite, which rose nearly 10.7% last month for its best monthly performance since July. But analysts say companies with pricing power are a safer bet than technology, given that … Read more
