Bank of America analyst upgrades Penn Entertainment, citing strong performance of ESPN Bet in the US market. The newly launched sportsbook is dominating downloads and has topped iOS app charts. ESPN Bet's success, along with Penn Entertainment's casino industry experience and timing, is expected to drive success in the sports betting market.
SoftBank CEO Masayoshi Son predicts the emergence of artificial super intelligence by 2035, emphasizing significant investments in AI and technology.
Leidos Holdings Inc. has raised its annual profit and revenue forecasts, driven by increased global defense demand due to geopolitical tensions.
Pfizer has reported stronger-than-expected third-quarter results, driven by its COVID-19 treatment Paxlovid, leading to a raised profit forecast for 2024.
D.R. Horton shares fell sharply after the company reported disappointing Q4 earnings and provided a conservative outlook for 2025, citing high mortgage rates and affordability challenges.
Adidas and Kanye West, also known as Ye, have reached an out-of-court settlement, ending a series of legal battles that have spanned over two years. The settlement marks a significant development in the ongoing saga between the rapper and the sportswear giant.
Safran announces a significant €1 billion investment to expand its global engine repair network, aiming to meet the growing demand for LEAP engines and enhance its aftermarket share.
Ericsson has signed a significant 5G ORAN deal with Spain's MasOrange, marking its first major European contract in this technology. The partnership aims to enhance 5G services across Spain, leveraging open and programmable network solutions.
Novartis AG reported mixed third-quarter results with disappointing sales in key drugs but raised its profit outlook for the year. The company faces challenges with patent expirations and aims to expand its drug portfolio.
Thyssenkrupp is preparing a Plan B for its steel division as it negotiates a joint venture with Czech billionaire Daniel Kretinsky. The company remains optimistic but is ready to explore other options if the deal falters.
HSBC Holdings reported a 10% increase in third-quarter profit, surpassing analyst expectations, and announced a $3 billion share buyback as part of its ongoing restructuring efforts.