The surge in online sports betting has had a detrimental effect on personal finances, especially for those who are already facing financial difficulties. According to the paper “Gambling Away Stability: Sports Betting’s Impact on Vulnerable Households”, the legalization of sports betting in 38 states since the overturning of a federal law in 2018 has turned
Investing
Elliott Management, a prominent activist hedge fund, has been making waves with its recent investment strategies. The firm has become known for its proactive approach in pushing for change within companies it invests in. One such example is Elliott’s involvement in Texas Instruments, where the stock saw a 1.7% gain following Elliott’s investment. Additionally, Elliott
One of the top stock picks favored by Wall Street analysts in July was project management software provider Monday.com (MNDY). The company impressed investors with its strong second-quarter results and raised full-year outlook, thanks to the high demand from large customers. This led TD Cowen analyst Derrick Wood to boost his firm’s price target for
The demand for power from data centers is expected to triple by 2030, driven by the increasing use of artificial intelligence. According to Mizuho Securities, data centers will require 400 terawatt hours, or 50 gigawatts annually, which will represent about 9% of total U.S. electricity demand. The report also predicts that renewables will play a
The first dividend stock recommended by Wall Street analysts is Pfizer. The company has recently announced better-than-expected second-quarter results, highlighting its cost-cutting initiatives and strong sales of non-Covid products. Pfizer raised its full-year guidance, displaying strong demand for its non-Covid business, which has benefited from acquired drugs and recently launched products. In the first six
Tech giants are now looking to establish a direct connection between data centers and nuclear power plants in a bid to secure clean energy sources for powering artificial intelligence. The escalating demand for data centers has led to the necessity of gigawatts of power, comparable to that of a nuclear reactor. With data centers being
The stock market has been witnessing a mix of positive and negative trends in recent sessions. Companies like E.l.f. Beauty and Paramount Global have shown significant gains in sales and stock performance. However, other companies like Sweetgreen and Archer Aviation have experienced ups and downs in after-hours trading. This erratic behavior reflects the unpredictable nature
The demand for office space in the U.S. is a topic of interest, especially in major cities like New York City. This has led CNBC TV’s Diana Olick to report on the state of office demand on Thursday. SL Green has seen an impressive increase of roughly 12% in just a month, with a 20%