Penn Entertainment Analyst Predicts Gaming Turnaround Through ESPN Partnership
PENN Entertainment acquired Barstool Sports through transactions in 2020 and 2023 to get a foothold in the sports betting business.
Best Buy’s Top-Line Trends Remain Pressured, Says Analyst
BofA Securities' analyst, Robert F. Ohmes, maintains an Underperform rating on Best Buy, with a $70.00 price target. Despite expectations for first-quarter FY25 earnings on May 30, the analyst predicts a (5)% enterprise comparable sales decline, citing ongoing challenges in consumer electronics spending and modest improvements in CE & hobby retailer expenditures.
Uber Launches Shuttle Service, Deepens Costco Ties
Uber unveils cost-effective travel options with Uber Shuttle, catering to budget-conscious travelers. Partnering with local fleet operators, the service offers advance booking for up to five seats in high-traffic areas like airports and events. Simultaneously, its expanded partnership with Costco provides exclusive discounts to members, reinforcing Uber's commitment to affordability and customer loyalty in the competitive market.
Why Edible Garden Shares Are Jumping Today
Edible Garden reports 27.6% Y/Y revenue growth in Q1 FY24, led by demand for herbs and expansion into new products. EPS loss of $(13.65).
What’s Going On With NVIDIA Stock Today?
NVIDIA collaborates on ORBIT-Surgical, a simulation framework for training surgical robots, ahead of its debut at ICRA.
TC Energy’s NGTL Pipeline Faces Pressure Reduction Order Despite Repaired Rupture: Report
Canada Energy Regulator orders TC Energy Corp's NGTL to reduce pipeline pressure. No service interruption expected. Investigation ongoing.
Big Oil, Big Bet: Indonesia’s Pertamina & Exxon Aim For Gigatonne CO2 Grab
Exxon Mobil and Pertamina to drill for CCS hub in Indonesia, estimated to store 3 gigatonnes of CO2 with a $2 billion investment.
What’s Going On With Oracle Corporation Shares Wednesday?
Oracle Corporation (NYSE: ORCL) shares fluctuate as the company reportedly nears a $10 billion cloud contract with xAI, while uncertainties surround its headquarters relocation from Texas to Nashville.
Why Is Brazilian Oil Company Petrobras Stock Sinking Today?
PBR shares down as CEO Jean Paul Prattes resigns and is replaced by former regulator with similar views to President Lula. Concerns about political interference and impact on minority shareholders.
Economists React To Inflation, Retail Sales: ‘The Soft Landing Narrative Is Still A Possibility But Not A Guarantee’
Inflation and retail sales slowed, signaling weaker consumer spending. Traders reacted by betting on Fed rate cuts, boosting S&P 500 and Nasdaq 100 to record highs, while bonds also surged. Economists remain optimistic but cautious.