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How Penn’s Penn Interactive Layoffs and Restructuring Will Impact PENN Entertainment (PENN) Investors
Simply Wall St.97d agobearish
How Penn’s Penn Interactive Layoffs and Restructuring Will Impact PENN Entertainment (PENN) Investors

Penn Entertainment recently cut more than 75 jobs in its Penn Interactive division, affecting theScore Bet, online casino, and social gaming operations as part of a broader restructuring following pressures in the sports betting market and the fallout from its ESPN Bet branding deal. The layoffs, including several senior roles, highlight management’s push to streamline a loss-making digital segment even as online sports betting and iGaming revenues have been improving. Next, we’ll examine...

Gemini Space Station (GEMI) Is Up 11.6% After Winklevoss Funding Amid IPO Lawsuits and Pivot
Simply Wall St.97d agobearish
Gemini Space Station (GEMI) Is Up 11.6% After Winklevoss Funding Amid IPO Lawsuits and Pivot

Earlier this week, Gemini Space Station, Inc. reported first-quarter 2026 revenue of US$50.27 million, a net loss of US$108.98 million, and secured a US$100 million investment from Winklevoss Capital Fund amid multiple securities class action lawsuits over its IPO disclosures and business pivot. The combination of stronger sales, fresh founder-backed funding, and litigation over Gemini’s shift from its core crypto exchange toward prediction markets highlights a company undergoing significant...

Boeing is still in hot water over Max crash
TheStreet97d agobearish
Boeing is still in hot water over Max crash

Seven years after Ethiopian Airlines Flight 302 went down outside Addis Ababa, a federal jury in Chicago is still assigning a dollar value to what Boeing's failures cost one family. On May 13, that number came in at $49.5 million. The verdict is not large enough to threaten Boeing's balance sheet. ...

This Arkansas Town Is Humming With the Sound of Missile Making
The Wall Street Journal97d agobearish
This Arkansas Town Is Humming With the Sound of Missile Making

Camden, Ark.—When the Pentagon put out an urgent call for rocket launchers and ammunition to send to Ukraine and replenish supplies at home in 2022, an answer came from an unlikely place: this remote southern pine-belt town, population around 10,000. Lockheed Martin one of the defense contractors clustered in the east part of Camden and already one of the town’s biggest employers, was reeling in government orders to produce more mobile rocket launchers. Other big defense contractors in the area also soon landed contracts to produce ammunition and expand their rocket facilities in Camden.

Forget the Senior Deduction. The Other OBBBA Tax Breaks Most Workers Are Missing.
24/7 Wall St.97d agobearish
Forget the Senior Deduction. The Other OBBBA Tax Breaks Most Workers Are Missing.

When the One Big Beautiful Bill Act (OBBBA) was signed into law in 2025, there was one provision that got a ton of attention — the new senior tax deduction. That deduction is available to seniors ages 65 and over who are moderate or low earners, and it’s worth up to $6,000 per person. Thanks ... Forget the Senior Deduction. The Other OBBBA Tax Breaks Most Workers Are Missing.

Why Commvault (CVLT) Stock Is Falling Today
StockStory97d agobearish
Why Commvault (CVLT) Stock Is Falling Today

Shares of data protection software company Commvault (NASDAQ:CVLT) fell 4.3% in the afternoon session after the April PPI report sent Treasury yields to 10-month highs, with the 10-year yield rising to 4.49%.

Why Salesforce (CRM) Shares Are Falling Today
StockStory97d agobearish
Why Salesforce (CRM) Shares Are Falling Today

Shares of CRM software giant Salesforce (NYSE:CRM) fell 3.3% in the afternoon session after the April PPI report sent Treasury yields to 10-month highs, with the 10-year yield rising to 4.49%.

Snap Lawsuit Deal Highlights Ongoing Youth Safety And Investor Risk Concerns
Simply Wall St.97d agobearish
Snap Lawsuit Deal Highlights Ongoing Youth Safety And Investor Risk Concerns

Snap reached a settlement in a lawsuit brought by a Kentucky school district alleging its platform contributed to social media addiction and harmed students. The case, filed alongside claims against YouTube and TikTok, focused on classroom disruption and youth mental health concerns. Settlement terms were not disclosed, and the agreement comes as more than 1,200 similar cases are pending nationwide. For shareholders watching NYSE:SNAP, this legal update comes during a period of weak recent...

C3.ai (AI) Valuation Check As Founder Returns As CEO And Restructuring Targets Cost Savings
Simply Wall St.97d agobearish
C3.ai (AI) Valuation Check As Founder Returns As CEO And Restructuring Targets Cost Savings

Leadership change and preliminary results set the tone for C3.ai C3.ai (AI) stock is back in focus after founder Thomas M. Siebel returned as CEO, alongside fresh preliminary Q4 and full year numbers and a restructuring plan centered on sizable cost savings. The company estimated Q4 revenue of US$51.6 million, within its US$48.0 million to US$52.0 million guidance range, and reported a GAAP operating loss of US$121.2 million. For fiscal 2026, estimated revenue was US$250.3 million, also...

Amazon Lawsuit On Tariff Refunds And What It May Mean For Valuation
Simply Wall St.97d agobearish
Amazon Lawsuit On Tariff Refunds And What It May Mean For Valuation

Amazon.com (NasdaqGS:AMZN) is facing a proposed class-action lawsuit alleging it retained and failed to refund tariff-related charges after certain U.S. tariffs were invalidated by the Supreme Court. Plaintiffs claim Amazon collected unlawful tariff costs from consumers and did not pursue or return potential refunds once the tariffs were ruled unlawful. The case raises questions around consumer protection, pricing practices, and how large platforms handle regulatory changes affecting...

Cathie Wood sells $40.6 million of popular semiconductor stock
TheStreet98d agobearish
Cathie Wood sells $40.6 million of popular semiconductor stock

Cathie Wood, chief of Ark Investment Management, is known for actively trading her holdings, sometimes selling stocks during sharp market pullbacks. Semiconductor stocks experienced a major market pullback on May 15, with the iShares Semiconductor ETF (SOXX) dropping roughly 4%. Amid that sell-off, ...

How The Story Is Shifting For KKR Real Estate Finance Trust (KREF) After Target Cuts
Simply Wall St.98d agobearish
How The Story Is Shifting For KKR Real Estate Finance Trust (KREF) After Target Cuts

Kkr Real Estate Finance Trust is back in focus after analysts reset their reference fair value from about US$8.25 to roughly US$6.33 per share, a cut of around 23% that reframes expectations around the stock. Several firms, including JPMorgan, link these lower targets to growing caution on execution, earnings quality and loan book risk, even as bullish voices see the reset bringing valuations closer to current fundamentals. As you read on, you will see how these shifting targets and opinions...