This story has been updated to reflect the late scratches of four horses originally set to run in the Kentucky Derby. The Derby is the toughest challenge horse-racing handicappers face. It involves picking among 19 3-year-old horses running 1 ¼ miles for the first time in their lives – the…
A cannabis business operating in Michigan said it would hire laid-off Burger King employees to roll marijuana joints for $16 an hour, although the job picture remains mixed in the cannabis sector depending on the state. As Shryne Group Inc.’s Stiiizy cannabis business expands in Michigan, the company has offered…
U.S. stocks closed sharply higher Friday, with all three major benchmarks snapping four straight days of losses, after strong jobs data for April, Apple Inc.’s better-than-forecast earnings report and a rebound in shares of regional banks.How stocks traded For the week, the Dow fell 1.2%, the S&P 500 declined 0.8%…
The numbers: Deposits at commercial U.S. banks declined in the week ending April 26, according to a report from the Federal Reserve on Friday. Deposits fell to $17.17 trillion from $17.18 trillion in the prior week, the Fed said. At the same time, lending at commercial banks rose to $12.14…
Thirteen months ago, the DraftKings Inc. DKNG stock was in a rut. It was down 43% over the previous three months, and down 72% over the previous year. This prompted CEO Jason Robins to fire off an infamous tweet suggesting that people would regret selling the company’s stock. “That was…
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Advanced Micro Devices Inc. shares rallied Friday to eliminate steep losses from Wall Street’s skepticism following the chip maker’s earnings report. AMD shares dropped more than 9% Wednesday after the chip maker’s optimism for the second half of the year did not rub off on analysts, but a rebound began…
That’s from a letter Massachusetts Sen. Elizabeth Warren sent to First Republic Bank’s former CEO Michael J. Roffler on Thursday. First Republic Bank collapsed this week. It was the second largest bank failure in U.S. history and the fourth U.S. bank to fail this year — federal regulators later sold…
Shares of Carvana Co. rallied 25% in the aftermarket Thursday after the online used-car company narrowed a quarterly loss and said it expects to reach positive adjusted EBITDA in the current quarter. Carvana CVNA lost $286 million, or $1.51 a share, in the first quarter, compared with a loss of…
Travel websites roared back Thursday on soaring gross bookings. Expedia Group Inc.’s EXPE stock initially sagged, then rebounded sharply and is now up 6.5% in extended trading Thursday after the online travel service reported a big jump in quarterly revenue and a 20% increase in gross bookings to $29.4 billion.…