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Nov 17 2024BUSINESS

Why Texas Should Embrace Sports Betting

Texas is known for its strong economy, low taxes, and commitment to its residents. But when it comes to sports betting, the Lone Star State is falling behind. States like Florida and Louisiana are already making billions from legal sports betting. Texans are already betting on sports, but it's happe

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Nov 16 2024BUSINESS

Alibaba's Revenue Rises as Profits Boosted by Investments

Alibaba, China's big name in e-commerce, entertainment, and tech, saw its revenues go up by 5% to about $33. 7 billion in the recent quarter. This was the result of a 63% jump in net profits to $6. 25 billion. But it's not all straightforward - some of this boost came from changes in the value of th

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Nov 13 2024BUSINESS

Friendship Turns into Rivalry in NBA Arena Battle

James Dolan, famous for owning the Knicks, has suddenly stopped working with Oak View Group, the company managing his venues. The issue? Oak View wants to build a new arena in Las Vegas, which could compete with Dolan's high-tech Sphere. This has created tension between Dolan and his longtime friend

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Nov 05 2024BUSINESS

Yum Brands' Earnings Miss the Mark

Yum Brands announced its third-quarter earnings this Tuesday, falling short of what Wall Street expected. Both KFC and Pizza Hut saw their same-store sales drop more than anticipated. Here's a breakdown of the numbers: - Earnings per share hit $1. 37, missing the expected $1. 41. - Revenue came in

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Nov 05 2024BUSINESS

Palantir's Shares Soar After Boosted Guidance

Palantir Technologies, a data analytics software company, saw its shares surge by a whopping 23% on Tuesday, setting a new record high. This jump came after the company released impressive third-quarter results and optimistic future predictions. The stock price hit $51. 19, surpassing its previous p

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Nov 03 2024BUSINESS

Amazon's Third-Quarter Earnings: Analysts Weigh In

Wall Street analysts are buzzing about Amazon's third-quarter earnings. The tech giant scored big, causing its stock to jump more than 6%. Amazon Web Services (AWS), the company's cloud segment, missed some revenue predictions but still grew nearly 20% compared to last year. Amazon is spending heavi

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Nov 02 2024BUSINESS

Google's AI Bet Pays Off Despite Legal Troubles

Google, part of Alphabet Inc. , is making big money, mostly thanks to its search engine. In the last three months of the year, Alphabet made $26. 3 billion, which is 34% more than last year. And their sales went up by 15% to $88. 27 billion. This growth is partly because Google is investing heavily

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Oct 31 2024FINANCE

Coinbase's Stock Drops: Crypto Market Slump Takes a Toll

Coinbase, a big player in the cryptocurrency world, had a rough third quarter. Their stock took a hit, dropping by 4% after the market closed. Why? Well, crypto trading was pretty quiet, and that's not good news for a company that makes money from people buying and selling digital currencies. The c

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Oct 31 2024BUSINESS

Microsoft's Mixed Q1: Strong Earnings, Lower Stock

Microsoft recently shared its fiscal first quarter earnings, and while they beat expectations, the future looks a bit cloudy. The tech giant made $3. 30 per share and raked in $65. 59 billion in revenue, both higher than predicted. That's a 16% yearly increase in revenue. But the stock dipped 4% aft

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Oct 31 2024BUSINESS

Stock Shifts: A Closer Look at Key Players and Their Surprises

Let's take a peek at some big names in the stock market that made waves after regular trading hours. Microsoft took a dip of nearly 4%, disappointing investors with revenue expectations for the next quarter. Analysts had hoped for a bit more, around $69. 83 billion, but Microsoft was thinking more a

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