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    The state of Tennessee brought in $1.6 billion in tax revenue in May, which was 38% more than the budgeted estimate. Through 10 months of accrual in the fiscal year, the state has collected 99% of the tax revenue it budgeted to receive the entire fiscal year, with $14.7 billion collected and $14.9 billion budgeted, according to the nonprofit...
    Bills passed during Colorado’s 2021 legislative session could result in up to a $617 million a year increase in taxes and fees depending on revenue estimates, according to a think tank analysis. The libertarian-leaning Independence Institute noted that the increases come without voter consent under the state’s Taxpayer’s Bill of Rights (TABOR), which requires voter approval for all tax increases....
    A logo of ride-hailing giant Didi Chuxing displayed on a building in Hangzhou in China's eastern Zhejiang province.STR | AFP | Getty Images Chinese ride-hailing giant Didi Chuxing on Thursday filed to go public in what could be one of the largest tech IPOs of this year. The company reported $21.6 billion in revenue last year. It also posted a...
    Ten states that have legalized the use of marijuana for recreational purposes collected almost $2.7 billion in taxes on pot products last year as sales surged and more regulatory structures came online. A new report from the Marijuana Policy Project, a pro-legalization group, estimates that states have collected a total of $7.9 billion in tax revenue since the first states...
    THE NINE NEW COVID-19 VACCINE BILLIONAIRES:  STEPHANE BANCEL   Company: Moderna Role: CEO    Net worth: $4.3 billion  UGUR SAHIN  Company: BioNTech  Role: CEO and co-founder  Net worth: $4 billion  JUAN LOPEZ-BELMONTE  Company: ROVI  Role: Chairman  Net worth: $1.8 billion  NOUBAR AFEYAN  Company: Moderna Role: Chairman  Net worth: $1.9 billion    ...
    The Big 10 generated the most revenue in college sports last year. According to Steve Berkowitz, the B1G generated $768.9 million during the 2020 fiscal year, which was obviously hampered by the coronavirus pandemic. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football) The SEC was second at $728.9 million. After that, there was a gigantic gap...
    (CBS DETROIT) – Detroit’s casinos — MGM Grand Detroit, MotorCity Casino Hotel and Greektown Casino — reported nearly $109 million in monthly aggregate revenue in April while operating at limited capacity due to COVID-19 health concerns. Table games and slots generated $107.44 million in revenue, and retail sports betting produced a revenue of $1.54 million. READ MORE: This Is Not...
    In this article RBLXThe New York Stock Exchange welcomes executives and guests of Roblox (NYSE: RBLX), today, Wednesday, March 10, 2021, in celebration of its Direct Listing.NYSERoblox shares rose as much as 5 percent in after-hours trading, following the release of its first earnings report since going public in a direct listing in March. Here's how the company did: ...
    More On: vice media Vice Media seeks IPO amid SPAC craze Vice exec blasts advertisers for blocking placement near ‘black people’ Refinery29’s top editor resigns amid accusations of toxic work culture Vice Media CEO slams ‘Big Tech’ as ‘great threat to journalism’ amid cuts Vice’s sky-high market valuation of nearly $6 billion reportedly has been cut in half as...
    In this article DKNGDraftKings clock at UFC venue.Source: DraftKingsSports-betting company DraftKings reported better-than-expected loss per share and revenue for its first quarter, and raised its full-year revenue guidance. Shares were down more than 1% in the premarket after an initial pop on the report. Here are the key numbers: Loss per share: 36 cents vs 42 cents expected, according...
    New York (CNN Business)Peloton is estimating its treadmill recall will cost the company about $165 million in lost revenue during the the current quarter, and result in a $16 million hit to its profits.After weeks of fighting a call by federal safety regulators to recall its Tread and Tread+ treadmills tied to one infant death and reports of 70 injuries,...
    US to begin talks on worldwide vaccine distribution; India infections and deaths mounting: Live COVID-19 updates Facebook Oversight Board rules to permanently ban Trumps account Blizzard is on a downward spiral—but not all is lost. © Provided by Dot Esports The company has reported that it saw 27 million monthly active users in its latest financial results, down from...
    After a meteoric rise to popularity in 2018, Fortnite generated more than $5 billion in its first year for Epic Games, new financial documents reveal. The document, made public as part of Epic’s court battle with Apple over the latter’s App Store practices, shows that the game brought in more than $9 billion total for Epic in 2018 and 2019....
    Hidden Common Ground poll: Americans want compromise but think political gridlock will worsen US Real ID deadline is now May 2023 because of COVID-19 The timing of the 2021 NCAA men's basketball tournament was perfect was Nevada. Restrictions were being lifted with vaccinations being rolled out. Many bettors were ready to get back to normalcy, which included a trip...
    New York state collected $3 billion more in tax revenue than anticipated during the 2020-21 fiscal year, according to Comptroller Thomas DiNapoli. In all, the state received $82.4 billion, according to the comptroller’s statement. While it was still more than $513 million less than what the state collected for the 2019-20 fiscal year, it not only beat the state’s amended...
    By: KDKA-TV News Staff HARRISBURG (KDKA) — Pennsylvania casinos took more money from gamblers last month than ever before. Players lost more than $400 million in Pennsylvania for the first time ever. About half of that revenue came from slot machines. The largest casinos in this area all saw revenue increases last month. The Rivers Casino Pittsburgh was up...
    BOSTON (AP) — Revenue from Massachusetts’ three casinos reached its highest level last month since the start of the pandemic, according to state gambling regulators, a sign that the industry may be recovering. Encore Boston Harbor, MGM Springfield, and Plainridge Park Casino brought in a total of $84 million in gross gambling revenue last month, more than any month since February...
    It has been a difficult year for the Pac-12 Networks, which lost its football inventory, tens of millions in revenue and dozens of staff members. But the other side of the pandemic could bring unexpected success in one aspect of the core mission. Assuming college sports return to normal in the fall, the conference’s wholly-owned media company is projected to...
    MLB’s decision to move the All-Star game out of Atlanta, Georgia is set to cost Cobb County more than $100 million in lost tourism revenue. On Monday, Jobs Creators Network CEO Alfredo Ortiz joined "Fox & Friends" to discuss how the "economic damages" of MLB’s move acts as another blow to the city’s economy, following the coronavirus pandemic and the...
    TALLAHASSEE (CBSMiami/NSF) – As state lawmakers await updated projections that will help build next year’s state budget, they received a little more good news Tuesday, as monthly revenue collections continue to outpace expectations. The Legislature’s Office of Economic & Demographic Research reported February general-revenue collections came in $298.5 million above a forecast for the month. That was the seventh consecutive...
    The Los Angeles Times and the San Diego Union-Tribune lost “north of $50 million” of revenue in 2020 amid the COVID-19 pandemic, company executives told staff on Thursday, The Wrap reported on Thursday. Executives at the newspapers’ California Times parent company told staff that most of the revenue losses were from print advertising, but noted that digital advertising and print circulation also took...
    Genshin Impact has become miHoYo’s most successful title. It has thus far broken every record that the gaming studio held dear. In a short time, the title also gained recognition from the industry, which saw it getting nominated in several categories at award shows. More news from the industry points at another major feat that the game has achieved in...
    In this article GOOGL GME AMC PLTR JD Lasica | FlickrIn a year of historically wild stock moves, often driven by chatter on Reddit boards, financial software vendor Upstart Holdings is the latest company to see its stock soar to inexplicable heights. Founded in 2012 by former Google executive David Girouard, Upstart went public in December and was valued...
    GENEVA (AP) — FIFA expects to hit its four-year revenue target of $6.44 billion up to the 2022 World Cup in Qatar despite the coronavirus pandemic. Total spending of $1.04 billion in 2020 included $270 million in grants to soccer bodies worldwide as part of a COVID-19 relief plan, FIFA’s annual financial report said on Friday. It also included...
    VIDEO0:3900:39Stocks point to higher open after Thursday sell-offMorning Report Take a look at some of the biggest movers in the premarket: Nike (NKE) – Nike came in 14 cents a share above estimates, with quarterly profit of 90 cents per share. The athletic footwear and apparel company's revenue came in below analysts' projections, however, and its full-year revenue outlook was...
    Opinion: The real reason some Californians want to recall Gov. Gavin Newsom How to fall asleep fast ATLANTIC CITY, N.J. (AP) — Despite a highly anticipated Super Bowl, New Jersey's casinos and racetracks took in over $200 million less in sports bets in February than they did a month earlier, state gambling regulators said Tuesday. Load Error Figures...
    DigitalOcean CEO Yancey Spruill, left, speaks at the Web Summit in Lisbon, Portugal, on Nov. 6, 2019.Sam Barnes | Sportsfile for Web Summit | Getty Images The market for cloud-computing infrastructure to power applications has grown immensely since Amazon introduced its first cloud services in 2006, but U.S. investors haven't had a great way of investing exclusively in cloud. ...
    Rafael Henrique | LightRocket | Getty Images Poshmark's revenue topped analysts' estimates, in its first financial report since going public in January. But the online seller of secondhand clothing issued a weaker-than-expected sales outlook for the current quarter. Founder and Chief Executive Manish Chandra said in an interview that demand for apparel is still suppressed in parts of the U.S.,...
    AMC Theaters reported another jarring but predictable loss in its fourth quarter earnings, but the company’s CEO is optimistic that the theater chain will make it out of the pandemic alright. Revenue was down 88 percent year over year, to $162.5 million. While beating expectations, that still led to a quarterly loss of $946 million (slightly better than the...
    Whitney Wolfe Herd speaks onstage in Dana Point, California.Joe Scarnici | Getty Images Entertainment Bumble on Wednesday logged $165.6 million in revenue, topping Wall Street forecasts for its first quarterly report since going public in February. The stock rose 6% after the bell. Here's what the company reported for its fourth quarter, compared with what Wall Street analysts polled by...
    *** The Pac-12 Hotline newsletter is published twice a week. (Sign up here for a free subscription.) This edition, from March 9, has been made available in archived form. Pac-12 Revenue: Multi-Year Projections Consequential news out of Boulder this week that does not involve the Pac-12 tournament, spring practice, the commissioner search or recruiting. Anyone interested in budget data and...
    Pro sports lost an incredible amount of money last year, with each league losing revenue in every area from fan support to sponsorship. According to Forbes, to date, the pro sports leagues have lost a combined $14.1 billion since the world ground to a halt just over a year ago. Not only did the leagues lose billions of dollars in...
    Roer Zoofari, Virginia: Zoo staff devastated by loss of 2 giraffes who died in a fire Hong Kong patriotism includes party loyalty: Chinese official U.K. TV giant ITV reported an 11 percent drop in advertising revenue for 2020 due to the coronavirus pandemic on Tuesday, but said it made good on its forecast of returning to a slight advertising...
    2020 was a year from hell for every sporting institution, and F1 was no different. F1 owners Liberty Media’s balance sheet shows that the sport incurred major losses, thanks to the pandemic-inflicted campaign. It must be said, however, that a lot worse could have happened had the races not continued. Although the season got off to a pretty late start...
    Sony Playstation 5 : The version for devices mobile Genshin Impact’s Android and iOS has generated revenue of $ 874 million (more than 732 million euros at the current exchange rate) in the five months that have passed since its launch at the end of September, thus exceeding the revenues in that period of Pokémon GO and Roblox, according...
    TALLAHASSEE (CBSMiami/NSF) — Florida tax revenues slowed somewhat in January from the final months of 2020 but continued a trend of beating a forecast issued as the state phased out COVID-19 lockdown efforts in the summer. And while tax collections from the battered tourism industry continue to hamper monthly revenue totals, the numbers for January should further help lawmakers as...
    (Reuters) - Roblox Corp expects its revenue to double year-over-year in the first quarter of 2021, the company said on Tuesday, ahead of a highly-anticipated stock market debut later this month. The company sees first-quarter revenue to be between $320 million and $335 million, up 98% to 107% from a year earlier. (Reporting by Niket Nishant in Bengaluru; editing by...
    By Simon Evans MANCHESTER, England (Reuters) - Blockchain sports venture Chiliz, which is heavily involved in European soccer, will invest $50 million in an expansion to the United States, chief executive Alexandre Dreyus has told Reuters. The company based in Malta offers tokens to fans which allow them to vote in a series of polls and receive special promotions and...
    Zoom has put the icing on the cake in the fourth quarter of 2020. The great discovery of the pandemic has closed the year with revenues amounting to 2,651 million dollars, 326% more than in 2019. With regard to the months of October, November and December the accounts are 882.5 million, 369% more than the same period of the...
    Last year, the 11 issuers from the hotel sector, airlines and airport groups that are listed on the Mexican Stock Exchange (BMV) lost 78.32 billion pesos in revenue, a 44 percent annual drop in their sales, compared to the entries reported during 2019. This means that Aeroméxico, Volaris, Viva Aerobús, the airport groups GAP, OMA, ASUR and Grupo Posadas, Grupo...
    By: KDKA-TV News Staff PITTSBURGH (KDKA) — UPMC, one of the largest employers in Pennsylvania, released financial data from 2020 on Friday. According to data from the healthcare provider, operating revenues increased by 12% to $23 billion, and UPMC had an operating income of $836 million in 2020. UPMC Health Plan membership increased 11%, but the healthcare provider did...
    The coronavirus pandemic may have made it nearly impossible to check out live shows last year, but the music industry still found a way to grow despite all the hardships. According to the Recording Industry Association of America’s , overall recorded music revenue increased by 9.2 percent to $12.2 billion in 2020. That growth was primarily sustained by more money...
    New England Patriots cornerback Stephon Gilmore (24) stretches during the New England Patriots practice session in Foxborough, MA on Oct. 22, 2020.Barry Chin | Boston Globe | Getty Images Shares of sports betting company DraftKings jumped as much as 5% in premarket trading Friday after the company reported fiscal fourth quarter 2020 earnings that beat revenue expectations and growth in...
    On these dates, all companies usually publish the financial results for the previous year, in this case, 2020. Orange did it a few days ago, this week it was Telefónica’s turn and now it is the turn of the Euskaltel Group, which integrates the Euskaltel, R, Telecable and Virgin telco brands. The figures published by the teleco confirm the...
    Tony Xu, co-founder and chief executive officer of DoorDash Inc., smiles during the Wall Street Journal Tech Live conference in Laguna Beach, California, U.S., on Tuesday, Oct. 22, 2019.Martina Albertazzi | Bloomberg | Getty Images DoorDash reported its Q4 2020 earnings after the bell on Thursday that beat analyst revenue estimates but included a large net loss in its first...
    Brian Chesky, chief executive officer and co-founder of Airbnb Inc., speaks during an Economic Club of New York luncheon at the New York Stock Exchange (NYSE) in New York, U.S., on Monday, March 13, 2017.Michael Nagle | Bloomberg | Getty Images Short-term rental booking company Airbnb's stock rose more than 4% in after-hours trading on Thursday despite growing losses and...
    Cal’s latest financial report includes two jaw-dropping but interconnected numbers: The Bears finished the 2020 fiscal year with a $3.2 million surplus (in a pandemic) but received $25.1 million in university support — support that was booked as revenue. Both numbers run counter to established norms in Berkeley, where huge year-end shortfalls and steep faculty resistance to athletics are as...