DraftKings Inc. stock experienced a 10% pullback post-earnings, drawing analyst interest for an ideal entry point. Barclays raised their rating to "overweight" with a higher price target, causing a 3% premarket rise. Truist analysts anticipate more growth post-positive earnings despite a tough betting period.
Super Micro Computer is set to hire a new CFO following an independent review that found no evidence of fraud, boosting investor confidence and stock prices.
Brazil's efforts to combat illegal gold mining in the Amazon are complicated by Indigenous involvement, economic hardships, and organized crime. Sustainable alternatives like carbon credits are being explored, but skepticism and legal hurdles persist.
Intel's stock rose sharply following the announcement of CEO Pat Gelsinger's retirement, marking the end of a challenging tenure. The company is now led by interim co-CEOs David Zinsner and Michelle Johnston Holthaus as it searches for a permanent successor.
Uber has launched its first water transport service in India, offering shikara rides on Dal Lake in Srinagar, Kashmir. This initiative aims to blend technology with tradition, enhancing tourism and providing economic opportunities for local shikara operators.
Amazon and Orbital Materials have announced a strategic partnership to pilot AI-designed carbon removal materials in data centers, aiming to reduce emissions and enhance sustainability.
QatarEnergy has signed a significant long-term LNG supply agreement with Shell to deliver three million metric tons per annum to China starting in January 2025.
Saudi Arabia is considering reducing its crude oil prices for Asian markets in January, reflecting weak demand and market dynamics.
Naspers reports a significant increase in half-year profits, driven by strong performance in e-commerce and contributions from Tencent.
Prosus NV reported an 89.5% increase in core headline earnings for the first half of the year, driven by strong e-commerce growth and contributions from Tencent.
US shoppers spent a record $10.8 billion online during Black Friday, marking a significant shift from traditional in-store shopping. E-commerce giants like Amazon and Walmart benefited from the surge, while brick-and-mortar stores saw muted growth.