business news

Penn sports betting business posts fourth quarter profit

In this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | light rocket | Getty Images Penn Entertainment on Thursday became the first US gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it’s …

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Mortgage rates drop to the 5% range for first time since September

Prospective buyers at an open house in Florida. mike stocker | South Florida Sun Sentinel | Tribune News Service | Getty Images The average rate on the 30-year fixed rate mortgage has fallen to 5.99%, according to Mortgage News Daily. The housing market hasn’t seen the rate with a five handle since a brief blip …

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Ford January 2023 sales boosted by F-Series and Bronco

Ford workers produce the electric F-150 Lightning pickup on Dec. 13, 2022 at the automaker’s Ford Rouge Electric Vehicle Center (REVC). Michael Wayland | CNBC DETROIT— Ford-Motor‘s new US vehicle sales started 2023 on a footing stronger than a year earlier but were down 18.4% from December, the company reported Thursday. January is historically one …

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Robert Kraft wants Tom Brady to retire with the Patriots

Tom Brady #12 of the New England Patriots celebrates with team owner Robert Kraft after defeating the Seattle Seahawks 28-24 during Super Bowl XLIX at University of Phoenix Stadium on February 1, 2015 in Glendale, Arizona. Tom Pennington | Getty Images New England Patriots owner Robert Kraft wants Tom Brady to re-sign with the team …

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Coinbase stock jumps 20% after federal securities suit dismissed

The logo for Coinbase Global Inc, the biggest US cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron and others at Times Square in New York, US, April 14, 2021. Shannon Stapleton | Reuters Coinbase shares surged after a Manhattan federal judge dismissed a class-action suit against the cryptocurrency exchange Wednesday in a rare crypto …

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