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…
Source
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.…
Source
It’s time to raise a glass to Cinco de Mayo once more. So what are we celebrating, exactly? The May 5th holiday commemorates the Mexican army’s victory over the French at the Battle of Puebla on May 5, 1862 during the Franco-Mexican War. The Mexicans had been greatly outnumbered. So…
The banking crisis that began with the collapse of Silicon Valley Bank and now the failure of First Republic Bank is far more serious than it initially appeared. Two finance professors were warning of this six weeks ago: Andrew Metrick of Yale’s School of Management, and Paul Schmelzing of Boston…
Loneliness is more than a bad feeling. It’s as deadly as smoking up to 15 cigarettes a day and is associated with a greater risk of cardiovascular disease, dementia, stroke, depression, anxiety, and premature death, according to an advisory by the U.S. Surgeon General. The mortality impact of being socially…