Penn Entertainment, a major player in the gaming and media industry, has recently announced that it will be laying off approximately 100 employees as part of its efforts to focus on the growth of ESPN Bet. The decision comes following the company’s acquisition of Canadian media and gaming powerhouse theScore in 2021. CEO Jay Snowden
In a surprising turn of events, billionaire investor Ken Griffin made headlines by purchasing a late Jurassic stegosaurus skeleton for a whopping $44.6 million at a Sotheby’s auction. This purchase marked the most valuable fossil ever sold at an auction, surpassing all expectations. The stegosaurus, named “Apex,” is estimated to be around 150 million years
Aspiring homeowners often find themselves in a dilemma when it comes to deciding if they are financially prepared to make the leap from renting to buying. According to the analysis by Zillow, a significant number of renter households in 2022 could have afforded to purchase a home based on their income levels. However, it appears
The $7,500 federal EV tax credit has been a hot topic since the Inflation Reduction Act was signed by President Joe Biden in 2022. While the credit is mainly associated with buyers of new electric vehicles, there is also a lesser-known way for consumers to access the credit through leasing. This alternative route, known as
Ford Motor Company recently announced a significant shift in its production plans, opting to expand the production of its large Super Duty trucks to a Canadian plant instead of converting it into an all-electric vehicle hub. This decision comes as part of a $3 billion investment to enhance Super Duty production, with $2.3 billion allocated
Taiwan Semiconductor Manufacturing Company (TSMC) has once again exceeded revenue and profit expectations in the second quarter. With revenue of 673.51 billion New Taiwan dollars ($20.82 billion) and net income of NT$247.85 billion, TSMC has shown impressive growth compared to LSEG consensus estimates. The company’s net revenue rose by 40.1% from the previous year, showcasing
Volvo Cars experienced a significant increase in its operating profit for the second quarter, leading to a surge in its stock value by 7.11% by 9:04 a.m. London time. The core operating profit for the quarter reached 8.2 billion Swedish kronor, marking a 28% rise from the previous year. This exceptional performance was the highest
Nokia, a once dominant player in the telecom industry, has recently seen a significant decrease in its operating profit. In the second quarter of this year, the company reported a 32% drop in operating profit, mainly due to weak demand for its 5G equipment. This decline has caused Nokia’s Helsinki-listed stock to plummet by 8%
JD Vance, the newest running mate of U.S. presidential hopeful Donald Trump, made a bold statement on China during his first speech at the Republican National Convention. He emphasized the need to protect American workers’ wages and prevent the Chinese Communist Party from exploiting the labor of American citizens to build their middle class. Vance’s
Social Security stands at a crucial juncture, with its combined trust funds projected to last until 2035, after which significant reductions in benefits may occur. The retirement benefits fund, on the other hand, is expected to run out as early as 2033, exacerbating the looming crisis. Both President Joe Biden and former President Donald Trump