PENN Entertainment Inc

DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates
Business

DraftKings posts 44% revenue growth and narrowing losses, but falls short of estimates

In this photo illustration the DraftKings logo seen displayed on a smartphone. Rafael Henrique | Sopa Images | Lightrocket | Getty Images DraftKings on Thursday posted quarterly results that missed Wall Street estimates on the top and bottom line, but it increased its revenue by 44%. Here’s what DraftKings reported compared with what Wall Street […]

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Shares creating the largest moves midday: Cisco Programs, Twilio, Tremendous Micro Personal computer and a lot more
World

Shares creating the largest moves midday: Cisco Programs, Twilio, Tremendous Micro Personal computer and a lot more

Check out out the corporations making headlines in midday investing. Cisco Techniques — The tech firm’s shares dropped 4.4% just after it posted declining fiscal second-quarter profits. Cisco also issued a lighter-than-expected forecast for the third quarter and declared a downsizing prepare that would guide to a 5% reduction in careers . Twilio — The […]

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ESPN Bet plans launch in New York, the largest U.S. betting market
Business

ESPN Bet plans launch in New York, the largest U.S. betting market

ESPN Bet is coming to the Big Apple. Penn Entertainment, which operates the sports betting platform, will pay Wynn Resorts $25 million for market access, it said Tuesday. It’s the same amount Wynn paid New York state to operate there. Wynn Interactive, a subsidiary of Wynn Resorts, was awarded a New York mobile sports betting […]

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Taylor Swift will direct to much more betting on the Tremendous Bowl, with just one sportsbook benefiting in certain, analyst says
World

Taylor Swift will direct to much more betting on the Tremendous Bowl, with just one sportsbook benefiting in certain, analyst says

Penn Entertainment’s ESPN Guess sports activities betting services could verify to be a winner at the Tremendous Bowl on Sunday — helped by the Taylor Swift effect, in accordance to Bank of America. “While the Significant Activity is generally significant for sportsbooks, we imagine the blend of 1) currently being performed in Las Vegas and 2) […]

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FanDuel-parent Flutter to list on the NYSE, challenging DraftKings as sports-betting pure play
Business

FanDuel-parent Flutter to list on the NYSE, challenging DraftKings as sports-betting pure play

FanDuel-parent Flutter lists on the New York Stock Exchange Monday, offering U.S. investors an alternative to the biggest pure play in sports betting, DraftKings. It’s a secondary listing for the international sportsbook, which will retain its primary listing on the London Stock Exchange and included in the FTSE 100 index. But Flutter’s most important market […]

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Stocks making the most important moves midday: Microsoft, Chegg, Zoom Video clip, Paramount and extra
World

Stocks making the most important moves midday: Microsoft, Chegg, Zoom Video clip, Paramount and extra

Check out out the firms building headlines in midday trading. Zoom Video clip Communications — The software stock included virtually 2% forward of its third-quarter earnings thanks right after industry shut. Analysts polled by FactSet expect $1.08 for every share in earnings and profits of $1.12 billion for the quarterly period, as opposed to the […]

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Stocks building the biggest moves midday: Starbucks, Roku, Eli Lilly, Affirm and more
World

Stocks building the biggest moves midday: Starbucks, Roku, Eli Lilly, Affirm and more

Check out out the firms creating headlines in midday buying and selling. Starbucks — Shares jumped much more than 10% immediately after the business posted an earnings and income conquer in the fiscal fourth quarter. Administration also described far better-than-anticipated general performance in China, its second-biggest sector. Roku — The streaming online video platform rallied […]

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Thousands of casino workers go on strike in Detroit
Business

Thousands of casino workers go on strike in Detroit

MGM Resorts International’s MGM Grand Detroit hotel stands in Detroit, Michigan, Oct. 30, 2013. Bryan Mitchell | Bloomberg | Getty Images Auto workers aren’t the only ones on strike in Detroit. Thousands of casino workers, seeking higher wages and better working conditions, walked off the job in the city Tuesday. The work stoppage targets operations […]

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We’re optimistic about this struggling entertainment stock despite an expected weak quarter
Health

We’re optimistic about this struggling entertainment stock despite an expected weak quarter

Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. Back-to-back losses Still believe in Disney Eli Lilly keeps going 1. Back-to-back losses U.S. stocks on Wednesday were sinking for the second straight session ahead of this week’s key inflation […]

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Stock futures rise as Wall Street tries to recover from Tuesday’s losses: Live updates
World

Stock futures rise as Wall Street tries to recover from Tuesday’s losses: Live updates

China consumer prices in July fall for first time in over 2 years China’s consumer price index fell for the first time in over two years, posting a 0.3% year-on-year drop in July, but rose 0.2% month-on-month. Economists polled by Reuters expected July CPI to drop 0.4% compared to a year ago. Producer price index […]

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