Economic readings continue to point to a “soft landing” through the next few months, characterized by low and falling inflation and a resilient labor market. Consequently, the Fed raised interest rates for what is probably the last time during the current cycle. The concern for markets this week shifted to the sustainability of continued fiscal spending in a world where...

Key Points Digital sportsbook and iGaming platform Draft Kings beat Q2 2023 forecasts and raised estimates. Its Q2 2023 earnings went non-GAAP positive at 14 cents per share, beating consensus estimates for a loss by 35 cents. Revenues continued to spike nearly 88% as paying users rose 44% to 2.1 million average monthly unique payers (MUPs). The average revenue per...

Key Points Uruguay-based MercadoLibre boasts a bullish chart and stellar earnings estimates.  Analysts expect earnings to more than double this year.  MercadoLibre’s Q2 fintech revenue increased by 24%. The company’s three-year revenue growth rate is 63%. Several top analysts recently raised their price targets on the stock. 5 stocks we like better than MercadoLibre There’s an investing phenomenon called “home...

Key Points Exxon Mobil has been struggling below resistance near $119 for the past six months, but the stock rallied in recent weeks. An area of price consolidation often sets up a stock for fresh gains. Exxon Mobil’s CEO said in June that he expects Permian Basin shale production to double in the next five years, helped by technological advances....

California appeals to older adults as the perfect place to reconcile as they near their golden years. However, this thought may unsettle you a bit, given that the state is costly to live in! Knowing how to budget your retirement defines your freedom to cherish the vibrant life in California. After toiling your entire life to earn a peaceful retirement,...