business news

Competitive video games are taking the globe by storm — and there are 5 companies that could reap the benefits (ATVI, EA, MSFT, NVDA, SNE)

Esports represents a massive growth opportunity for companies, a Bernstein analyst said. The sports category has a large fan base, which can number half a billion in a few years. Companies stand to make lots of money for appealing to this large and growing market. There is a massive growth …

business news

We did the math to see if it’s worth buying a Powerball or Mega Millions lottery ticket

The Powerball jackpot is above $400 million and Mega Millions’ jackpot is above $300 million as of Tuesday morning. Though those are pretty big prizes, working through the math of how lotteries work suggests that buying a ticket is not a great investment. The low probability of winning and the …

business news

Nike is showing 3 signs it can turn around its sneaker slump (NKE)

Nike is showing some signs of progress toward accelerating sales growth and margins, Wedbush Analyst Christopher Svezia says. Svezia believes the company’s financials will improve on the back of less FX pressure, a higher average selling price, and new product releases. Watch Nike’s stock price move in real time here. …

business news

Disney is set to dominate Netflix in the battle to be ‘the world’s leading content company’ (DIS)

Disney has all the means to become the “world’s leading content company,” writes Steven Cahall, an analyst at RBC Capital Markets. The company could spend $30 billion annually on video-streaming content, far outspending Netflix, which plans to spend $8 billion on content this year. You can view Disney’s current stock …

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How a harshly worded email from Stitch Fix CEO Katrina Lake persuaded Uber investor Bill Gurley to push Travis Kalanick out

Uber’s spectacular meltdown in 2017 pitted two legendary tech personalities against each other. Business Insider has the inside story of how Benchmark partner Bill Gurley, one of Uber’s first backers, turned on Uber’s cofounder Travis Kalanick. The clash between the two men broke one of Silicon Valley’s most sacred rules, …