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Flutter and DraftKings Stocks Down as Illinois Proposes Higher Betting Taxes

Shares of major sports-betting companies like DraftKings (NASDAQ: DKNG) and FanDuel's parent Flutter Entertainment (NYSE:FLUT) tumbled as the Illinois Senate passed a significant new tax structure for sports-betting revenues.

Asktraders News Team
American Airlines (AAL) and Marathon Oil (MRO) Move In Opposite Directions Through Premarket

Big moves in the Premarket can tell a lot about how a day is going to progress in the markets, and today there are a couple of stocks making headlines for contrasting reasons as we build into the US market open. Significant m

Asktraders News Team
Nvidia Stock Hits Record High on xAI Supercomputer Deal

Shares of graphics chipmaker Nvidia (NASDAQ:NVDA) soared to an all-time high following reports that Elon Musk's artificial intelligence

Asktraders News Team
Ocado Shares Surge But Stock Set to Drop Out of FTSE 100

Ocado (LON: OCDO) shares jumped more than 9% Tuesday, adding to its more than 6% gain on Friday, but after six years, the company is set to drop out of the FTSE 100.

Sam Boughedda
BHP Seeks Further Extension of Deadline For Anglo American Offer

On Wednesday, BHP Group (NYSE: BHP) said it was seeking an additional extension to the deadline for its potential Anglo American (LON: AAL) takeover offer. The original deadline was set for May 29, 2024.

Sam Boughedda
Royal Mail Owner IDS Agrees to £3.6bn Takeover Deal

Royal Mail's parent company, International Distributions Services (LON: IDS), announced Wednesday that it has agreed to a £3.57 billion takeover offer by Czech billionaire Daniel Kretinsky's investment company EP Group.

Sam Boughedda
Celsius Holdings Stock Slumps As Stifel and BofA Come In With Price Target Upgrades

After the Memorial Day holiday, Celsius Holdings (NASDAQ:CELH), a prominent energy drink company, experienced a significant downturn, seeing its stock price fall nearly 17% in Tuesday morning trading before finding a little s

Asktraders News Team
Shell Faces Shareholder Split on Climate Plan

With holders of Shell stock (LON: SHEL) having seen growth of more than 21% over the past 12 months, you might expect complete alignment between the board and sh

Asktraders News Team
FTSE 100 Faces Downward Pressure After Extended Weekend

The FTSE 100 index, a benchmark for the UK's largest publicly traded companies, has slipped below the 8300 threshold, a leve

Asktraders News Team
Waystar Prepares Nasdaq IPO with 45M Share Issuance

Waystar Holding could be set to generate a buzz in the financial markets, as the announcement of its initial public offering (IPO) of 45,000

Asktraders News Team
Barclays Share Price (LON: BARC) Hits New 52-Week High

Barclays shares (LON:BARC) achieved a significant milestone during Tuesday's trading session by reaching a new 52-week high. The British multinational bank’s

Asktraders News Team
Robinhood Shares (NASDAQ: HOOD) See Accelerated Additions From Institutions

Dimensional Fund Advisors LP has significantly increased its holdings in Robinhood Markets stock (NASDAQ: HOOD). According to the most recent filing with the Securities and Exchange Commission (SEC), the firm expanded its sta

Asktraders News Team
Amazon’s AWS Boosts Italian Cloud with $2 Billion Euro Investment

Amazon's cloud computing division, Amazon Web Services (AWS), is set to strengthen its footprint in Italy with a substantial investment aimed at expanding its cloud infrastructure and services in the region. AWS, which embark

Asktraders News Team
Auto Industry Leaders Join Elon Musk In Shifting Stance on China Tariffs

In a notable change of heart, several prominent figures in the automotive industry are now voicing their opposition to the protective tariffs on Chinese

Asktraders News Team
Blockchain Devices Market Booms

The Blockchain devices market is on an impressive trajectory and is expected to achieve exponential growth, with forecasts predicting a surge to $15.69 billion by 2031. This marks a significant climb from its valued size of $

Asktraders News Team
Revolution Bars Rejects Nightcap Proposal, Says its ‘Incapable of Being Delivered’

Revolution Bars Group (LON: RBG) rejected a takeover proposal from competitor Nightcap on Tuesday, calling it "incapable of being delivered." 

Sam Boughedda
Pets at Home Earnings: Here’s What to Expect

Pets at Home (LON: PETS) is set to report its preliminary full-year 2024 results on Tuesday, May 29, and with the stock down over 14% this year, investors will be hoping for positive news to boost the share price.

Sam Boughedda
Lawsuit Filed Against Intel

News coming through today indicates that Intel Corporation (NASDAQ INTC) has a potential case to answer, as law firm Bronstein, Gewirtz & Grossman, LLC has initiated a class action lawsuit against the tech giant and certa

Asktraders News Team
South Korean Stocks Rally As KOSPI Approaches 52 Week High

South Korean stocks made a notable rebound today, with the Korea Composite Stock Price Index (KOSPI) climbing 1.32% to close at 2,722.99, reversing the trend of last week. The week ending 24th May had seen the KOSPI fall by 1

Asktraders News Team
What To Expect From Cava Group (NYSE: CAVA) Earnings

The spotlight has been intensifying on Cava Group shares (NYSE: CAVA) in recent months, and with the stock price adding 6.87% on Friday shows no signs of slowing leading in to earnings. This marks another strong week for hold

Asktraders News Team
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