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Category: Business

Sports betting Penn reports fourth quarter profits
Business

Sports betting Penn reports fourth quarter profits

Armahby ArmahFebruary 2, 20230

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone’s mobile screen. Rafael Henrique | SOPA Images | Rocket | Getty Images …

Rival EV makers will ‘struggle to keep up’
Business

Rival EV makers will ‘struggle to keep up’

Armahby ArmahFebruary 2, 20230

Tesla (TSLA) bull Cathie Wood doesn’t see the EV maker’s recent price cuts as damaging to the brand. Instead, they could be a bigger problem …

US weekly jobless claims fall to nine-month low;  productivity is gaining speed
Business

US weekly jobless claims fall to nine-month low; productivity is gaining speed

Armahby ArmahFebruary 2, 20230

Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates by 3.0% in the fourth quarter Unit …

ECB raises interest rate by 0.5 percentage point
Business

ECB raises interest rate by 0.5 percentage point

Armahby ArmahFebruary 2, 20230

The European Central Bank raised interest rates by half a percentage point on Thursday and promised to make the same increase in March, signaling its …

ChatGPT can help with work tasks, but supervision is still needed
Business

ChatGPT can help with work tasks, but supervision is still needed

Armahby ArmahFebruary 2, 20230

Comment on this story Remark If ChatGPT, Open AI’s buzzy new chatbot, wrote this story, it would say: “As companies look to streamline operations and …

Tech Futures Jump to Meta Peak After ‘Satisfying’ Fed Rally;  Apple, Amazon, Google Revenue Next
Business

Tech Futures Jump to Meta Peak After ‘Satisfying’ Fed Rally; Apple, Amazon, Google Revenue Next

Armahby ArmahFebruary 2, 20230

Dow Jones futures fell modestly early Thursday, while S&P 500 futures and especially Nasdaq futures rose with Facebook parent Meta platforms (META) rises in its …

Shares fall despite profit margin
Business

Shares fall despite profit margin

Armahby ArmahFebruary 2, 20230

A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany, September 30, 2016. Kai Pfaffenbach | Reuters German Bank on …

Bitcoin bulls need to regain these 2 levels as ‘death cross’ continues to loom
Business

Bitcoin bulls need to regain these 2 levels as ‘death cross’ continues to loom

Armahby ArmahFebruary 2, 20230

Bitcoin (BTC) faces a sink-or-swim resistance test to confirm its “macro breakout,” a new analysis says. In a tweet on Feb. 2, on-chain monitoring resource …

Adani market losses snowball to 0 billion in delayed share sale
Business

Adani market losses snowball to $100 billion in delayed share sale

Armahby ArmahFebruary 2, 20230

NEW DELHI, Feb. 2 (Reuters) – Indian shares of the Adani group fell on Thursday after market turmoil forced the conglomerate to scrap a crucial …

Asia-Pacific markets are rising especially as investors process the Fed’s smaller quarter-point increase
Business

Asia-Pacific markets are rising especially as investors process the Fed’s smaller quarter-point increase

Armahby ArmahFebruary 2, 20230

Signs of ‘sequential acceleration’ in Hong Kong despite economic contraction in 2022: UBP Hong Kong’s economy is “in a position to return to expansion” this …

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