PENN Entertainment Inc
Stocks making the biggest moves midday: Penn Entertainment, Robinhood, Levi Strauss & more
Check out the companies making the biggest moves midday: Penn Entertainment – The gaming stock dropped more than 5% following the release of weak regional gaming revenue data. On Friday, Iowa and Indiana both reported year-over-year declines in statewide gaming revenues. For Penn Entertainment revenues specifically, Iowa saw a 14% slide compared to last year, […]
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Stocks making the biggest moves midday: Micron, Penn Entertainment, Equinix, Core Scientific & more
Check out the companies making the biggest moves midday: Micron Technology — The chipmaker slipped nearly 2% even after its fiscal third-quarter financial results topped expectations . Micron’s adjusted earnings were $1.91 per share, versus the $1.60 expected from analysts polled by LSEG. Revenue was $9.3 billion, above the $8.87 billion consensus estimate. Core Scientific […]
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Horse racing is set for a resurgence, even as America’s oldest track closes
Horse race At the harness racing week on the Freehold Raceway in New Jersey: a reverse race with the sulky fixed in front of the horse – 1930. Robert Sennecke | Ullstein Bild | Getty Images America’s oldest horse racetrack is closing after running its last race on the final weekend of 2024. Freehold Raceway […]
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Stocks making the biggest moves midday: Tesla, Broadcom, Upstart, Penn Entertainment, RH and more
Check out the companies making headlines in midday trading. Broadcom — Shares of the semiconductor maker jumped 20% after the company beat fiscal fourth-quarter earnings expectations and posted artificial intelligence revenue that more than tripled for the year, pushing Broadcom’s market cap above $1 trillion for the first time . CEO Hock Tan said Broadcom is […]
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Stocks making the biggest moves before the bell: Broadcom, RH, Tesla, Penn Entertainment & more
Check out the companies making headlines in premarket trading. Broadcom — Shares of the semiconductor maker jumped nearly 17% after the company’s fiscal fourth-quarter earnings exceeded expectations. CEO Hock Tan said that Broadcom is developing custom artificial intelligence chips with three large cloud customers. The company also said its artificial intelligence revenue for the year […]
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Robinhood considering move into sports betting, CEO Vlad Tenev says
Vlad Tenev, chief executive officer of Robinhood Markets Inc., during a Bloomberg Television interview in London, UK, on Tuesday, Nov. 29, 2023. Jose Sarmento Matos | Bloomberg | Getty Images Robinhood CEO Vlad Tenev said Wednesday that the brokerage firm is considering expanding into sports betting in some way. “We’re keenly looking into that space. […]
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Here are value investor David Einhorn’s latest moves: Gold, Peloton and agriculture
David Einhorn’s Greenlight Capital this week revealed a fresh stake in agriculture equipment maker CNH Industrial , and increased its bets on Peloton Interactive and gold in the third quarter. The hedge fund, which Einhorn founded in 1996, disclosed in its latest regulatory filing that it took a roughly $79 million stake in CNH during […]
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Hard Rock chairman opens the door to a FanDuel or DraftKings partnership in Florida
Florida’s sports betting market may be about to get a lot more interesting, with Hard Rock’s chairman opening the door to partnerships with commercial sportsbooks. Hard Rock has the monopoly on sports betting in the state, winning the exclusive tribal gaming compact following a hard-fought battle against Flutter-owned FanDuel, DraftKings and Penn Entertainment. The sportsbooks […]
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NFL season expected to spur record $35 billion in legal sports wagers
Joe Milton III #19 of the New England Patriots scrambles from the pressure of Kyu Blu Kelly #36 of the Washington Commanders during the third quarter of a preseason game at Commanders Field on August 25, 2024 in Landover, Maryland. Scott Taetsch | Getty Images Sport | Getty Images Football is back, and it’s expected […]
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DraftKings reverses plans for a tax on customers as FanDuel parent Flutter wows Wall Street
Flutter reported phenomenal second-quarter earnings this week, wowing investors and sending shares up about 8% Wednesday as the company’s FanDuel betting platform captures market share and grows revenue dramatically, even in well established states with sports betting and online gaming. But it was the declaration that FanDuel will not add a surcharge to offset an […]
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