Penn sports betting business posts fourth quarter profit

Penn sports betting business posts fourth quarter profit

In this photo illustration the Penn Entertainment logo seen displayed on a smartphone mobile screen. Raphael Henrique | SOPA Images | Light flare | Getty Images Penn Entertainment Thursday became the first US gambling company to post a profit in its sports betting business in the last three months of a year. Usually, it is … Read more

80% of workers who quit in ‘big quit’ regret it: new survey

80% of workers who quit in ‘big quit’ regret it: new survey

‘Big regret’ is the latest workplace trend to sweep the country, with the majority of professionals who left their jobs in the last year wishing they could change their lives, according to a new survey. 2022 was another record year for quits – 4.1 million workers left their jobs in December, bringing the overall total … Read more

US weekly jobless claims fall to nine-month low; productivity speeds up

US weekly jobless claims fall to nine-month low;  productivity speeds up

Weekly jobless claims fall by 3,000 to 183,000 Continuing claims decrease by 11,000 to 1.655 million Productivity accelerates at a rate of 3.0% in the fourth quarter Unit labor costs increase at a rate of 1.1% WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell to a nine-month … Read more

Tech stocks extend post-Fed rally, Dow futures lag

Tech stocks extend post-Fed rally, Dow futures lag

U.S. stocks were mixed on Thursday, highlighted by a rise in tech stocks following the Federal Reserve’s latest interest rate hike and ahead of another round of earnings from the biggest players in the tech industry. The tech-heavy Nasdaq Composite (^IXIC) climbed nearly 3% in midday trading. The S&P 500 (^GSPC) gained 1.3%, while the … Read more

Ad sales slowdown, antitrust lawsuit and ChatGPT on deck

Ad sales slowdown, antitrust lawsuit and ChatGPT on deck

Google’s parent company Alphabet (GOOG, GOOGL) will release its fourth-quarter results after the bell on Wednesday, as investors and analysts look for signs that the broader digital advertising market has bottomed out. Here’s what Wall Street expects of the company, as compiled by Bloomberg, compared to the company’s performance during the same period last year. … Read more

Shell profits double to nearly $40 billion

Shell profits double to nearly  billion

Hong Kong/London CNN — Shell made a record a profit of nearly $40 billion in 2022, more than double what it made the year before after oil and gas prices spiked following Ukraine’s invasion of Ukraine. Russia. Europe’s biggest oil company by revenue reported adjusted annual profit of $39.9 billion on Thursday – more than … Read more

Bank of England hikes rates by 50bps and now sees a ‘much shallower’ recession than expected

Bank of England hikes rates by 50bps and now sees a ‘much shallower’ recession than expected

A walkway near the Bank of England (BOE) in the City of London, UK, on ​​Thursday March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The Bank of England raised interest rates by 50 basis points on Thursday and recalled some of its previous bleak economic forecasts. The Monetary Policy Committee voted … Read more