FanDuel parent Flutter Entertainment announced fourth-quarter earnings Thursday that missed Wall Street expectations on nearly every metric. FanDuel’s performance in the final quarter of 2025 was affected by bettors losing more often than usual. When that happens, gamblers get discouraged, bet less and stop using the app as frequently, Flutter CEO Peter Jackson told CNBC…
State Farm on Thursday announced a historic $5 billion dividend for its car insurance members, the largest in the mutual insurance company’s 103-year history. “This dividend is possible due to State Farm Mutual’s financial strength and a stronger than expected underwriting performance, which has been reported industry wide,” the company said in a statement. Customers…
Ridvan_celik | Istock | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. With donor-advised funds gaining popularity as a vehicle for the wealthy to give back, risks and potential…
On completion of deal, Fauji Cement, Kot Addu Power will acquire controlling interest ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the proposed acquisition of Attock Cement by Fauji Cement Company and Kot Addu Power Company, following a phase-I competition assessment conducted under the Competition Act, 2010. On February 3, 2026, Fauji Cement and…
Clears six PSDP projects, flags alleged tax withholding by sugar, cement and tobacco sectors Additional concerns were raised over capacity payments to K-Electric’s power plants, projected to cost over Rs 82b. PHOTO: FILE ISLAMABAD: A meeting of the National Assembly Standing Committee on Industries and Production was held on Thursday under the chairmanship of Syed…
Leon Cooperman. Scott Mlyn | CNBC A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. Private investment firms of the ultra-wealthy capped off 2025 with equity bets ranging from airline stocks to…
Salesforce CEO Marc Benioff during the World Economic Forum in Davos, Switzerland, Jan. 20, 2026. Krisztian Bocsi | Bloomberg | Getty Images Salesforce shares tumbled 5% in extended trading on Wednesday after the customer service software maker reported healthy results, although its fiscal 2027 revenue view trailed Wall Street projections. Here’s how the company did…
Minister says hundreds of CCORR reforms are under way to cut bottlenecks, support SMEs Federal Minister for Investment and Board of Investment (BOI) Chairman Qaiser Ahmed Sheikh. PHOTO: FILE ISLAMABAD: Pakistan is shifting from a subsidy-driven approach to a strategy-led model centred on competitiveness, export-led growth and value-added production, Federal Minister for the Board of…
At current prices, the looted gold is worth around $70 million. PHOTO: PIXABAY KARACHI: Gold prices in Pakistan extended their upward trajectory on Wednesday, tracking gains in the international bullion market as investors flocked to safe-haven assets amid renewed tariff concerns and persistent geopolitical tensions between the United States and Iran. According to the All-Pakistan…
Now available on your favorite food delivery app: restaurant reservations. The still-simmering reservation wars of the last decade could fully reignite this year, as a shifting tech landscape pits some of the biggest players against each other to capture businesses and users alike. Reservation incumbents, delivery app newcomers and premium credit card partnerships are all…