In this article DKNG DraftKings clock at UFC venue. Source: DraftKings Sports-betting company DraftKings reported better-than-expected loss per share and revenue for its first quarter, and raised its full-year revenue guidance. Shares were down more than 1% in the premarket after an initial pop on the report. Here are the key numbers: Loss per share: 36
Month: May 2021
In this article ARKK Cathie Wood, CEO and founder of ARK Invest. CNBC Cathie Wood, founder of Ark Invest, said Friday that the pullback in technology stocks is not a cause for concern, and that her long-term bets will continue to move higher. “I love this set up,” she said Friday on CNBC’s “Closing Bell.”
The Centers for Disease Control and Prevention is allowing cruise ships to resume operations this summer, but Norwegian Cruise Line CEO Frank Del Rio says that will be unlikely given the agency’s tough requirements. “I seriously doubt we will be able to stand up a vessel out of a U.S. port in July. August is
Server Nioka Mantilla arranges items in the buffet at the DoubleTree by Hilton Hotel on Penn Street in Reading, Pennsylvania, Friday morning May 7, 2021. Ben Hasty | MediaNews Group | Reading Eagle via Getty Images The stunningly disappointing April jobs report shouldn’t be taken as an indictment against the fast-moving economic recovery but shouldn’t
Samuel Corum/Bloomberg via Getty Images At least 7 million people likely qualify for tax refunds on unemployment benefits received last year, a new report suggests. The American Rescue Plan, which President Joe Biden signed in March, waived federal tax on up to $10,200 of jobless benefits, per person, collected in 2020. Taxpayers qualify if their
brightstars | E+ | Getty Images Amidst lives lost and prolonged hardship, the pandemic response ushered in a wave of unprecedented political polarization that has pained the country. But states across the country are finding new cause for broad bipartisanship in building the foundation for economic recovery. Indeed, last month, North Dakota became the 43rd
Note: A landmark comparison of corporate tax costs in all 50 states, Location Matters calculates and analyzes the tax burdens of eight model firms: a corporate headquarters, a research and development facility, a technology center, a data center, a shared services center, a distribution center, a capital-intensive manufacturer, and a labor-intensive manufacturer. Each firm is
A traveler exits a testing center at Heathrow Airport on January 17, 2021 in London. Hollie Adams | Getty Images News | Getty Images LONDON — British Transport Secretary Grant Shapps revealed on Friday the “green list” of countries that residents of England will soon be allowed to visit without having to quarantine on their
A video sign displays the logo for Roku, after the company’s IPO at the Nasdaq Market in New York, September 28, 2017. Brendan McDermid | Reuters Roku shares popped more than 11% in pre-market trading Friday after reporting earnings that showed advertisers are increasingly moving money into streaming TV. The company reported its highest quarterly
The Roku 3 television streaming player menu is shown on a television in Los Angeles, California, U.S., on Thursday, Sept. 12, 2013. Patrick T. Fallon | Bloomberg via Getty Images Check out the companies making headlines in midday trading. Square – The payment company’s stock rose more than 6% after the company’s first-quarter earnings topped
Elon Musk, the CEO of Tesla and SpaceX, has been a key proponent in the latest surge of interest in dogecoin, according to analysts, as he consistently tweets about the cryptocurrency. But ahead of his appearance on “Saturday Night Live” on NBC on May 8, Musk had a new message for his 53 million Twitter
SEC Chairman Gary Gensler told CNBC on Friday the agency is looking into how commission-free retail brokerage apps encourage more stock trading and then make money off m the execution of those trades. “There is a little bit of a conflict of interest,” Gensler said on “Squawk Box,” one day after testifying about this issue
Hiring was a huge letdown in April, but teenagers looking for summer gigs may be in luck. The Covid pandemic, of course, hit this group especially hard. Last summer, the unemployment rate for 16-to-24 year olds was 18.5%, about twice as high as the year before. (July is typically when youth employment peaks.) Now, heading into the
DreamPictures | Getty Images Small businesses and entrepreneurship are the backbone of the U.S. economy, but it can sometimes feel like the system is working against those who dare to venture out on their own. Access to opportunities, funding, knowledge, and support are critical for entrepreneurs to thrive. Take this quiz, created by the Ewing Marion
A potential home buyer reviews paperwork during an open house in Columbus, Ohio. Ty Wright | Bloomberg | Getty Images It is tough to be a homebuyer today. The supply of homes for sale is at a record low, homebuilders are slow to step up, and prices are rising at the fastest pace in nearly
The underbody of an ID.3. electric vehicle being worked on at a Volkswagen facility in Dresden, Germany, on January 29, 2021. Matthias Rietschel | picture alliance | Getty Images The shift to electric vehicles could affect thousands of workers in Germany over the coming years, the Munich-based Ifo Institute said Thursday. The Ifo’s study, which
In this article PTON A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael Nagle | Bloomberg | Getty Images Peloton on Thursday reported fiscal third-quarter sales growth of 141%, saying recent investments in its supply
Shannon Stapleton | Reuters Stock futures opened slightly higher Thursday as investors awaited Friday’s highly anticipated jobs report to assess the pace of the labor-market recovery. Dow futures were little changed, while contracts tied to the S&P 500 ticked just above the flatline. Nasdaq 100 futures rose 0.1%. The Labor Department is set to publish
Former Theranos CEO Elizabeth Holmes walks outside the courtroom where she’s standing trial for fraud, on May 6, 2021. CNBC Elizabeth Holmes’ jet-setting, lavish lifestyle as CEO of Theranos took center stage on Thursday as her attorneys argued it was irrelevant to her criminal fraud case. “What she wore, where she stayed, how she flew
Students wearing protective masks raise their hands in a classroom as a teacher gives a lesson remotely at a public charter school in Provo, Utah, U.S., on Thursday, Aug. 20, 2020. George Frey | Bloomberg via Getty Images It’s a question many a personal finance educator has asked: What’s the best way to engage my
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