Penn sports betting business posts fourth quarter profit

Penn sports betting business posts fourth quarter profit

In this photo illustration the Penn Entertainment logo seen displayed on a smartphone mobile screen. Raphael Henrique | SOPA Pictures | Light flare | Getty Images Penn Entertainment Thursday became the first US gambling company to post a profit in its sports betting business in the last three months of a year. Usually, it is … Read more

Robert Kraft wants Tom Brady to retire with the Patriots

Robert Kraft wants Tom Brady to retire with the Patriots

New England Patriots’ Tom Brady #12 celebrates with team owner Robert Kraft after defeating the Seattle Seahawks 28-24 in 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 for … Read more

Wall Street analysts bullish on META, NVDA and FSLR

Wall Street analysts bullish on META, NVDA and FSLR

Here are Thursday’s most important calls on Wall Street: JMP downgrades Peloton to market performance from outperformance JMP downgraded the stock primarily on valuation. “We are downgrading our rating on Peloton shares from Market Outperform to Market Perform as Peloton hit our previous price target of $16 while we leave our estimates for fiscal 2024 … Read more

European Central Bank raises rates by 50 basis points, promises another hike in March

European Central Bank raises rates by 50 basis points, promises another hike in March

Christine Lagarde, President of the European Central Bank speaks at an event. Bloomberg | Bloomberg | Getty Images The European Central Bank on Thursday confirmed expectations of an interest rate hike of 50 basis points, taking its key rate to 2.5%. In a statement, he pledged to “stay the course by raising interest rates significantly … Read more

What are the best cruise hacks? This one avoids the crowds

What are the best cruise hacks?  This one avoids the crowds

Canadian Tammy Cecco was not a fan of cruising. “The idea of ​​being on a boat with thousands of other people and not being able to get off,” she said, “was something I wanted to avoid.” That didn’t change when Cecco, a travel magazine publisher, boarded a surprise cruise booked by her husband to renew … Read more

Deutsche Bank smashes fourth-quarter profit forecast as rising interest rates bolster revenue

Deutsche Bank smashes fourth-quarter profit forecast as rising interest rates bolster revenue

A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany September 30, 2016. Kai Pfaffenbach | Reuters German Bank Thursday reported its 10th consecutive quarter of earnings, supported by higher interest rates and favorable market conditions. Deutsche Bank announced net profit attributable to shareholders of 1.8 billion euros ($1.98 billion) … Read more

Oil giant announces record annual profits

Oil giant announces record annual profits

Shell said last month that windfall taxes imposed by the European Union and the United Kingdom following the profit hike would cost the group around $2 billion. Paul Ellis | AFP | Getty Images British oil giant Shell posted its highest-ever annual profit on Thursday, buoyed by soaring fossil fuel prices and robust demand since … Read more

Biden’s IRA left Europe blind. And playing catch-up could lead to 2 big mistakes

Biden’s IRA left Europe blind.  And playing catch-up could lead to 2 big mistakes

US President Joe Biden and European Commission President Ursula von der Leyen. Bloomberg | Bloomberg | Getty Images The European Union is working against time to create a program that can compete with President Joe Biden’s unprecedented climate subsidies. But he will face two key problems in the process. The EU had long asked the … Read more

Asia-Pacific markets rise mostly as investors digest Fed’s smallest quarter-point hike

Asia-Pacific markets rise mostly as investors digest Fed’s smallest quarter-point hike

Signs of ‘sequential acceleration’ in Hong Kong despite economic contraction in 2022: UBP Hong Kong’s economy is “positioned to return to expansion” this year, UBP told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing signs that there was a sequential acceleration in January. So that’s the good news,” said Carlos Casanova, UBP’s senior economist … Read more

Adani cancels $2.5 billion stock sale as regulatory concerns mount

Adani cancels .5 billion stock sale as regulatory concerns mount

Signage of Adani Group is pictured outside Mumbai Chatrapati Shivaji International Airport in Mumbai on July 28, 2021. (Photo by Indranil MUKHERJEE / AFP) (Photo by INDRANIL MUKHERJEE/AFP via Getty Images) Indranil Mukherjee AFP | Getty Images On Wednesday, Gautam Adani announced that he was abandoning the sale of $2.5 billion in shares of his … Read more