Day: August 8, 2023
Penn Enjoyment sells Barstool Athletics back to founder Dave Portnoy
David Portnoy, founder of Barstool Athletics, is interviewed at the Trackside Live Phase in the LVMS Neon Garage just before the South Issue 400 Monster Power NASCAR Cup Sequence playoff race on September 15, 2019, at Las Vegas Motor Speedway in Las Vegas, NV. Chris WIlliams | Icon Sportswire | Getty Images David Portnoy, the […]
Read More
PayPal is trying to drag its 435 million users into the $120 billion stablecoin market — here’s why
PayPal on Monday became the first major U.S. fintech company to offer its own crypto token with a dollar-pegged stablecoin known as PayPal USD, making big promises of how it can move money between millions of crypto investors. The company is entering an extremely crowded market already dominated by stablecoins like tether and USDC, at […]
Read More
Outperforming analysts reveal 2 new oil and gas inventory picks — with just one predicted to rise by 35%
Analysts at RBC Funds Marketplaces have revealed two new top rated inventory picks in the oil and fuel sector. The bank’s strength and utilities equity workforce is behind a basket of stock picks called the World wide Energy Greatest Tips Record. RBC reported the basket rose 7.8% in July, when compared to a 6.2% increase […]
Read More
Alibaba, TSMC and additional: Goldman Sachs names shares to play 3 A.I.-connected sectors
Popular artificial intelligence adoption could gas productiveness, gain economies and even improve big currencies, in accordance to Goldman Sachs. But the clearest effects will be on shares, reported the financial investment bank in a July be aware. Stock rates ought to increase when earnings get a improve from the productivity increase. “The impact is clearest […]
Read More
WeWork warns of remaining ‘going concern’ and claims bankruptcy is doable
29 July 2023, Australia, Sydney: The brand of “Wework,” a corporation that offers business office place and coworking areas for the self-employed and companies, lights up downtown in front of skyscrapers. Sebastian Christoph Gollnow | Photo Alliance | Getty Photographs Four a long time ago WeWork was getting ready for a blockbuster IPO. Now the […]
Read More
ESPN launches sportsbook in partnership with Penn Leisure
SportsCenter at ESPN Headquarters. The Washington Put up | The Washington Put up | Getty Pictures Disney‘s ESPN is launching a betting sportsbook, placing the athletics entertainment unit further into the wagering environment. U.S. gambling firm Penn Enjoyment claimed it is partnering with ESPN to rebrand and relaunch its sportsbook as ESPN Wager. It really […]
Read More
UAW leader defends union’s lofty demands, (literally) trashes Stellantis contract proposals
During a Facebook Live on Aug. 8, 2023, UAW President Shawn Fain Screenshot The leader of the United Auto Workers on Tuesday adamantly defended lofty demands for the union’s members who work for the Detroit automakers, while calling recent contract proposals from Stellantis “trash.” UAW President Shawn Fain during a Facebook Live webcast heavily criticized […]
Read More
Rocket Lab results match Wall Street estimates, company adds contracts for 10 launches
Rocket Lab on Tuesday reported second-quarter results that largely met Wall Street’s expectations, and the company said it added contracts for 10 more launches in 2023 and 2024. “The second quarter saw strong performance across Rocket Lab’s launch and space systems businesses with three successful Electron [rocket] launches, more than 17 spacecraft featuring Rocket Lab […]
Read More
Rivian raises 2023 EV production guidance, posts narrower-than-expected quarterly loss
Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill. Michael Wayland / CNBC Electric vehicle maker Rivian Automotive on Tuesday reported a loss for the second quarter that was narrower than expected and raised its production guidance for the full year. It now expects to build about 52,000 vehicles […]
Read More