DraftKings Teams Up With Crypto.com for Expanded Prediction Markets
DraftKings (DKNG) partners with Crypto.com to expand prediction markets, adding player-specific sports contracts and new categories including politics and entertainment.
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Under Armour Beats Expectations, Raises 2026 Outlook Despite Tariff Headwinds
Under Armour (UA) stock jumps 11% as Q3 results exceed forecasts. Company raises annual profit outlook while navigating tariffs and business transformation with premium product focus.
Stellantis Takes $26 Billion Hit After Pulling Back on Electric Vehicles
Stellantis announces massive $26 billion charge as it reverses its aggressive EV strategy, citing overestimation of electric vehicle demand and market shifts.
Cantor Fitzgerald Gives Jumia an “Overweight” Rating with $18 Price Target
Cantor Fitzgerald starts coverage of Jumia with optimism, calling Africa the “final frontier” for e-commerce and seeing Jumia as the “Amazon of Africa.”
Coty Withdraws Guidance as New CEO Launches "Curated" Turnaround Strategy
CoverGirl owner Coty scraps 2026 outlook and unveils strategic reset under new CEO Markus Strobel. Shares fall 10% as company refocuses on core prestige brands.
Amazon Plans $200B AI Spending Spree as Investors Push Back
Amazon announces massive $200 billion capital expenditure plan for 2026, focusing on AI infrastructure. Stock drops 8% as investors question timing of returns on AI investments.