The rise of online sports betting has had a significant impact on personal finances, especially among financially distressed individuals. A recent study, titled “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households,” emphasizes the negative consequences of this trend. The paper highlights that since the legalization of sports betting in 38 states following the Supreme
Investing
Elliott Management has been making waves in the financial world with its recent activist campaigns. Known for being one of the most active activist investors, Elliott Management has been strategically buying into various companies such as Texas Instruments, Southwest Airlines, and Starbucks. This move by the firm has not only caught the attention of investors
The demand for power from data centers is expected to triple by 2030, driven by the rapid scaling up of artificial intelligence technology. This growth is projected to lead to an explosion in the use of renewable energy and natural gas, according to a recent report by Mizuho Securities. By the end of the decade,
In the midst of a volatile market, dividend-paying stocks can be a safe haven for investors looking for stability and consistent returns. Health-care giant Pfizer (PFE) stands out as a top dividend stock, offering investors a dividend yield of 5.9%. Pfizer recently announced better-than-expected second-quarter results, driven by its cost-cutting initiatives and strong sales of
In today’s digital era, data centers have become a crucial component of the infrastructure that supports the Internet and various technological advancements. However, as data centers continue to expand and require increasing amounts of power, the search for clean and sustainable energy sources has become more imperative. Tech companies are now looking to connect data
Stocks @ Night is a daily newsletter that provides a snapshot of the market after hours, shedding light on what to expect the next trading session. The newsletter covers a range of stocks and companies, highlighting their performance and any significant news or developments that may impact their value. In the latest issue of Stocks
The newsletter, Stocks @ Night, provides a detailed analysis of the stock market after hours, offering insights into what to expect for the following day. CNBC TV’s Diana Olick will be reporting on the state of office demand in the U.S, with a special focus on New York City. This information is crucial for investors
SunPower, once a prominent rooftop solar installer, has hit rock bottom with a recent bankruptcy filing. The company’s stock plummeted by 32% to a mere 55 cents per share, marking a staggering 90% decrease in value throughout the year. With assets and liabilities ranging between $1 billion and $10 billion, SunPower sought Chapter 11 protection
On Monday evening, brokerage firm Robinhood made the announcement that it would be halting overnight trading due to complications with its execution venue. The third-party firm, Blue Ocean ATS, that Robinhood partners with for round-the-clock trading, has decided to suspend overnight trading. This move has left many Robinhood users without the ability to engage in
Warren Buffett, the revered investor, shook up the financial markets with a surprising move over the weekend. He drastically reduced his stake in tech giant Apple by a staggering 49%, causing panic among investors. This unexpected decision sent Apple’s stock plunging by more than 7% in premarket trading on Monday. Buffett’s company, Berkshire Hathaway, revealed