Robinhood Markets Inc.’s CAP -6.45% the stock fell 14% in premarket trading after the brokerage reported a $423 million loss for the fourth quarter. The company had an increase in technology and administrative costs that came at the expense of bottom line. The brokerage used by individual investors posted revenue of $363 million for the … Read more
Apple Inc. AAPL -0.29% posted record quarterly results on Thursday even as inventory shortages hampered sales, and Chief Executive Tim Cook said those restrictions are improving. The iPhone maker had previously warned that sales growth in the key holiday quarter would be impacted as the tech and auto industries face shortages of parts, especially a … Read more
Font size Ribbon cutting signage at the DraftKings Sportsbook at The Brook in October 2020, in Seabrook, New Hampshire. Scott Eisen/Getty Images for DraftKings Online sports betting could make a strong comeback this year, making DraftKings a solid bet, according to Morgan Stanley analysts. Penn National Gaming also received an upgrade from analysts at Macquarie … Read more