Shares of Penn Entertainment experienced a significant boost on Thursday after a major shareholder expressed its desire to secure seats on the company's board. This shareholder is none other than hedge fund HG Vora Capital Management, which currently holds an impressive 18.5% stake in Penn Entertainment, comprising both common stock and swaps. In a securities filing known as a … [Read more...] about Penn Entertainment Share Surge
Forex News
Loose Bolts Found on Boeing 737 Max Jets
Shares of Boeing Co. experienced a 1% drop on Thursday following the aerospace and defense company's call for airlines and operators to inspect their 737 Max jets for possible loose bolts. The Federal Aviation Administration (FAA) revealed that this new issue with the single-aisle jets could impact the rudder-control system. The FAA, in close collaboration with Boeing, stated … [Read more...] about Loose Bolts Found on Boeing 737 Max Jets
U.S. Imposes Sanctions on Money Exchange Services Allegedly Supporting Iranian-Backed Rebels
The U.S. government has taken decisive action against a group of money exchange services from Yemen and Turkey, accusing them of providing financial support to Iranian-backed Houthi rebels who have been carrying out attacks on commercial shipping vessels in the southern Red Sea. Notably, the U.S. military recently intercepted and destroyed a drone and a missile deployed by the … [Read more...] about U.S. Imposes Sanctions on Money Exchange Services Allegedly Supporting Iranian-Backed Rebels
Fisker Stock Ends Year on a High Note
Fisker, the electric vehicle start-up, has exceeded expectations by producing 10,142 all-electric Ocean SUVs in 2023. This figure surpasses the revised forecast of 10,000 units that was given in December. However, it should be noted that throughout the year, the production estimates have continually decreased. Initially, in May, management anticipated an output of 32,000 to … [Read more...] about Fisker Stock Ends Year on a High Note
U.S. Oil Rigs Report Slight Increase, Crude Oil Production Reaches Record High
Date: 1513 EST According to a report from oil services company Baker Hughes, the number of oil drilling rigs in the U.S. has increased by two units compared to the previous week, reaching a total of 500 rigs. However, this number is still 121 rigs lower than the count from a year ago. Despite the decline in rig count, U.S. crude oil production has been consistently reaching new … [Read more...] about U.S. Oil Rigs Report Slight Increase, Crude Oil Production Reaches Record High
