The cash-and-stock offer, valued at almost $22.4 billion, comes after the British gambling company rebuffed a takeover proposal from MGM Resorts International earlier this year.
A mixed performance on Wall Street Monday as optimism ahead of tech earnings battled worries about slower economic growth in China. The Dow fell for the first time in four sessions. The S&P 500 rose just 15 points. The Nasdaq jumped 124 points.One main, ongoing concern for investors: inflation. Investors are waiting for more corporate results to hear how inflation is impacting earnings, says Patrick Fruzzetti. He's a managing director for the Rose Advisors at Hightower."In the first half of the year, we heard a lot of management teams talking about the back half of the year and what was going to pressure margins. So not only in certain businesses like industrials, do you have commodity margin pressures, you also have labor margin pressures and I think we're seeing that across the board. We'll see that spillover to earnings, but ultimately guidance for 2022. And I think that's what we'll hear a lot about in this coming week and couple of weeks ahead of us."Apple was one of the bright spots in company news. The world's most popular tech gadget maker unveiled new Mac laptops with more powerful computing power and a new model of its popular Airpod at an event on Monday. Shares of Apple rose more than one percent.But shares of Walt Disney held back the Dow. The entertainment conglomerate's stock rating was downgraded at Barclay's, who is worried about slowing growth at the Disney+ streaming service. Shares of Disney fell 3 percent. Netflix, the leading streaming service, rose ahead of its quarterly results due on Tuesday.On the economic front, industrial output fell by the most in seven months in September, following a drop the month before, as the global supply shortage continued to hurt auto manufacturing and crimp the overall economy. Good news, though from the housing sector. Homebuilder sentiment rose by the most in nearly a year as buyers continue to show up despite a lack of construction supplies and rising interest rates that are driving prices higher. Zillow, however, is having trouble buying and flipping properties, so it's going to pause that business. Shares of the online real estate agent tumbled to a one-year low.
Company officials blamed labor and supply constraints for the halt in 'iBuyer" operations, and said Zillow would focus on buyers under contract before making new offers for homes.
Some of the stocks that may grab investor focus today are: Wall Street expects Johnson & Johnson (NYSE: JNJ) to report quarterly earnings at $2.36 per share on revenue of $23.74 billion before the opening bell. Johnson & Johnson shares gained 0.4% to $160.75 in after-hours trading. Steel Dynamics, Inc. (NASDAQ: STLD) reported better-than-expected results for its third quarter on Monday. Steel Dynamics shares gained 1.4% to $63.26 in the after-hours trading session. Analysts are expecting Netflix
Forget your inflation fears. Wood sees decades of big gains ahead.
Today we will run through one way of estimating the intrinsic value of Genius Sports Limited ( NYSE:GENI ) by...
These companies produce the only thing that matters.
On CNBC’s “Mad Money,” Jim Cramer advised against falling into the trap of “thinking that the whole market will get wrecked by persistent inflation.” He said there were “vast swathes of the market” that could benefit from inflation, including some banking, tech and large pharma stocks. “That’s a huge chunk of this market, unlike any combination I’ve ever seen. Plenty of winners out there if you just stop freaking out and start looking at the opportunities,” Cramer commented. See Also: Are Stock
2021 has been an interesting year for crypto and blockchain. After an impressive 2020 that saw the industry not only survive the pandemic but come out of it with more institutional support than ever before, 2021 was the year to build on this foundation. And build it did. 2021 has seen some of the most ambitious projects in the industry that constantly stretch our imaginations of what blockchain can do. As we enter the last quarter of the year, a number of projects in the industry are on track to
San Juan, Puerto Rico, Oct. 20, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- BOTS, Inc. (OTC: BTZI), ("BOTS" or "The Company"), a global technology company specialized in Blockchain-based solutions including decentralized finance applications, cybersecurity, crypto mining, mining equipment repair, and warranties, announced today that it filed a blockchain-based provisional patent application in the United States Patent Office (USPTO). The patent application is directed to a novel method for dist
- Proceeds to support advancing single injection Adeno-Associated Viral (AAV) vector therapeutics targeting chronic companion animal diseases including diabetes, pain, and anemia associated with chronic kidney disease (CKD) - New investors to the syndicate include leading healthcare investment firm OrbiMed PHILADELPHIA, Oct. 19, 2021 (GLOBE NEWSWIRE) -- Scout Bio, a biotechnology company focused on revolutionizing pet medicine by delivering a pipeline of one-time AAV gene therapies for major chr
Steel Dynamics topped views with Nucor and Cleveland-Cliffs due this week. Can they overcome peak steel-price fears?
Microsoft (NASDAQ: MSFT) went public in 1986, and investors who bought some shares of its IPO are sitting on some massive multibagger gains today. In fact, investors who invested $1,000 in Microsoft on Feb. 4, 2014 -- the day Satya Nadella succeeded Steve Ballmer as the tech giant's third CEO -- have watched that investment blossom to more than $8,400. Let's look back at how Microsoft became a growth stock again under Nadella's leadership.
Icahn reacted to an Insider report that he missed out on $40 billion by selling Apple and Netflix stock, saying he always cashes out early.
Relentless innovation in the long-haul transport space, the rise of investing with ESG principles in mind, and the allure of new companies going public have spurred big moves in NKLA stock and scores of others last year. Back in May, Nikola traversed above a 50-day moving average that later began to bend higher. The fuel cell and battery electric truck start-up also finished the second quarter up almost 30%.
For retirement savers who want to help make sure their money lasts as long as they do, this very basic planning method is an oldie but a goodie.
The company, a critical supplier of manufacturing equipment to the semiconductor industry, said it faces a materials shortage in its supply chain.
U.S. stocks ended trading mixed as investors weighed a strong start to earnings season against concerns that mounting inflation, supply-chain problems and an energy crunch could be a risk for global growth.
Cryptocurrencies have surged so much that their total value has reached nearly $2.5 trillion, rivaling the world's most valuable company, Apple, and have amassed more than 200 million users. Hedge funds are trading Bitcoin, which has big-name banks starting to offer them services around it.
While stocks don't outperform bonds, gold, or bank certificates of deposit every year, their average annual return has come in significantly higher than other asset classes over very long periods of time. The buzz surrounding digital currencies has taken on a life of its own. To begin with, the regulations surrounding cryptocurrencies, and the many exchanges that allow digital currency trading, are relatively minimal.
Democrats under pressure from the GOP and the banking industry announced that they are raising the cap to $10,000 on a proposal that all bank transactions of more than $600 be reported to the IRS.