DraftKings will implement a gaming tax on winning bets in some states where the tax rate is highest, including Illinois, New York, Pennsylvania and Vermont.
Kategorie-Archiv: CNBC Financial News
Exxon earnings beat as production in Guyana and Permian sets a record
ExxonMobil on Friday posted its second highest results for the second quarter in the past decade, helped by record production in Guyana and the Permian Basin.
Chevron earnings miss on lower refining margins, relocates headquarters to Houston
The results come as the Chevron-Hess deal is delayed until well into 2025 due to an arbitration case with ExxonMobil.
Nintendo profit falls 55% as sales of its ageing Switch console plunge
Nintendo sold 2.1 million units of its flagship Switch consoles, down 46% from the 3.91 million units it sold in the year ago period.
Why all semiconductor firms are not benefiting from the AI boom like Nvidia has
Not all chip firms are benefiting from the boom in artificial intelligence, earnings show, underscoring the complexities of the semiconductor supply chain.
Bill Ackman’s Pershing Square withdraws IPO as demand for offering waned
Bill Ackman’s Pershing Square USA withdrew its plans for an initial public offering after demand fell below original expectations.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June.
Fed holds rates steady and notes progress on inflation
Federal Reserve officials held short-term interest rates steady, but indicated that inflation is getting closer to its 2% target.
This AI-powered financial advisor has quickly gained $20 billion in assets
The wealth management industry has long feared a future where human advisors are no longer necessary, and that possibility seems closer with generative AI.
Wayfair CEO likens home goods slowdown to 2008 financial crisis
Online home goods company Wayfair has seen sluggish demand against high interest rates, but repreive could come if the federal reserve cuts rates in September