DraftKings Shares Get Boost with JPMorgan Upgrade
JPMorgan, a prominent financial institution, announced on Tuesday its decision to upgrade shares of the online gambling giant, DraftKings (DKNG), from Hold to Buy, concurrently
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BofA Downgrades Nordstrom, Kohl’s in Face of Rate Pressure
In response to mounting financial strain on households due to escalating interest rates, Bank of America (BofA) announced a significant reduction in profit estimates and
Federal Trade Commission Files Antitrust Lawsuit Against Amazon
In a significant move targeting the dominance of tech giants, U.S. regulators have escalated their crackdown on industry leaders. The Federal Trade Commission (FTC) took
JPMorgan Settles with US Virgin Islands for $75 Million
JPMorgan & Chase (JPM) announced Tuesday that it has reached a $75 million settlement with the US Virgin Islands, culminating a legal battle over alleged
Market Jolt: Dow Jones Slips 330 Points in Recent Slide
Wall Street witnessed a second consecutive day of losses on Tuesday, as investors remained wary of the Federal Reserve’s reluctance to implement interest rate cuts
New Home Sales Experience Sharp Decline in August
The latest data from the Census Bureau reveals a significant downturn in the sales of newly constructed homes, marking a notable setback for the housing
July Sees 6th Consecutive Rise in Home Prices
In a relentless upward trend, home prices in the United States have marked their sixth consecutive month of growth, reaching unprecedented levels in July, propelled
Uber Expands Fleet with LA Yellow Cab Partnership
In a strategic move aimed at bolstering its taxi services, Uber Technologies Inc. has joined forces with Los Angeles (LA) Yellow Cab and its affiliated
Cybersecurity Milestone: Cisco Acquires Splunk in $28B Deal
Cisco (CSCO) has sealed a deal to acquire the AI-driven cybersecurity powerhouse, Splunk (SPLK), for a staggering $28 billion, potentially heralding a resurgence in tech
Fed President Neel Kashkari Urges Gradual Rate Hikes
Minneapolis Federal Reserve Bank President Neel Kashkari commended the surprising resilience of the U.S. economy in the face of recent Federal Reserve (Fed) borrowing rate
