Jeff Bezos, the founder of Amazon, has been making waves with his recent investments in artificial intelligence (AI). While his big-ticket purchases, such as a $165 million estate in Los Angeles and a $177 million property in Miami, have been grabbing headlines, it is his foray into AI through his family office, Bezos Expeditions, that
In a bold move, mobile betting giant DraftKings has announced plans to implement a gaming surcharge on winning bets in states with high sports betting tax rates. This decision comes as the company aims to increase profits and navigate the challenges posed by hefty tax rates in certain states. DraftKings CEO Jason Robins defended the
Five9 is a leading provider of intelligent cloud software for contact centers, catering to customers in various industries such as banking, retail, healthcare, and technology. The company’s cloud platform offers a suite of applications that support customer service, sales, and marketing functions. Five9’s stock market value stands at $3.01B, with shares priced at $40.77 each.
The League of California cities recently announced a webinar aimed at assisting potential applicants in accessing $3.3 billion in funding made available through a bond measure approved by voters earlier this year. This funding, which is part of a larger $6.4 billion Proposition 1 bond measure, is set to be released in August. The program
Delta Air Lines CEO Ed Bastian recently extended a token of appreciation to employees by offering them two free travel passes following the major disruptions caused by a botched CrowdStrike software update. The airline faced significant challenges in recovering from the disruptions, which led to the cancellation of more than 5,000 flights between July 19
Goldman Sachs recently released a list of buy-rated stocks that are yet to report their earnings but have significant upside potential. The firm believes that these companies are well-positioned heading into their earnings reports. While their research highlights several promising stocks, it is important to critically evaluate their recommendations before making any investment decisions. One
After facing shortages in recent months, all doses of Eli Lilly’s popular weight loss injection Zepbound and diabetes drug Mounjaro are now fully available in the United States. The U.S. Food and Drug Administration recently updated its drug shortage database to reflect the increased availability of these medications, providing relief to patients who have been
When we look back at Bitcoin’s early days, it’s hard to believe that just 14 years ago, one Bitcoin could be purchased for a mere $0.05. This fun fact shared by Bitcoin historian Pete Rizzo serves as a stark reminder of the cryptocurrency’s humble beginnings. In 2010, Bitcoin was still in its infancy, with only
In an economic climate where consumer spending is at a low, it is interesting to note the remarkable growth of Chinese toy company Pop Mart. Despite challenges faced by many businesses, Pop Mart has been able to project a significant increase in revenue and profits for the first half of the year, with expectations of
Investors are currently navigating through the whirlwind of earnings season, where the market is heavily influenced by the results of tech giants and sector leaders. While these updates are crucial for understanding a company’s performance in the short term, it is essential for investors to look beyond the quarterly earnings reports. The recommendations of top