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☆ Take a look at the superyacht the Jefferies CEO just bought from the Houston Rockets' billionaire owner
▼ + stars: | 2024-04-27 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Jefferies CEO Rich Handler sold $65 million of stock — some of which he used to buy a superyacht. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . According to the yacht's shipyard, Westport Yachts, the off-market deal was pending as of last month. I just love it," Fertitta told a local ABC affiliate in 2017, referring to Boardwalk's $40 million price tag.

Persons: Rich Handler, Tilman Fertitta, —, Handler, van, Fertitta, I've, Forbes, Michael Organizations: Jefferies, Boardwalk, Service, Houston Rockets, Westport Yachts, ABC, Yachts International, Feadship —, Boat Locations: Westport, Fort Lauderdale , Florida, St

☆ Jefferies CEO sold $65 million in stock to buy a yacht from a client
▼ + stars: | 2024-04-25 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +2 min

Jefferies CEO Rich Handler sold $65 million in company stock to buy a luxury yacht. AdvertisementJefferies CEO Rich Handler sold $65 million of his stock in the company to buy himself a gift — a luxury yacht. Handler sold 1.5 million shares, or 7% of his holdings, to purchase a "personal boat and to pay tax obligations," the investment bank said in a Wednesday statement. He has previously sold shares only for tax purposes and charity, the bank said. Investors often view executives' stock sales as a signal about lack of company confidence, so any sales are carefully messaged.

Persons: Rich Handler, Jefferies, Tilman Fertitta, Handler, — Organizations: Jefferies, Service, Financial Times, Houston Rockets, NBA, Lancadia Holdings Locations: Westport

☆ Landry's CEO Tilman Fertitta: Inflation is definitely coming under control, just not fast enough
▼ + stars: | 2024-04-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLandry's CEO Tilman Fertitta: Inflation is definitely coming under control, just not fast enoughLandry's CEO Tilman Fertitta joins 'Power Lunch' to discuss how he feels about inflation, what foot traffic is like at the CEO's stores, and more.

Persons: Tilman Fertitta

☆ Watch CNBC's full interview with billionaire investor Tilman Fertitta
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with billionaire investor Tilman FertittaHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Tilman Fertitta, Brian Sullivan, “ Organizations: CNBC

Adelson, 78, is a medical doctor and widow of Sheldon Adelson, the billionaire founder and owner of Las Vegas Sands who died in 2021. Adelson and her family own the Las Vegas Sands and Las Vegas Review-Journal, Nevada’s largest newspaper. It's doubtful Adelson would try to move the Mavericks to Las Vegas, especially since Cuban will retain responsibility over basketball operations. “There’s no doubt that there’s enormous interest in this (Las Vegas) market,” Silver said at the time. Silver will also likely address the potential sale at the In-Season Tournament in Las Vegas when he speaks there during the Dec. 7-9 weekend.

Persons: — Mark Cuban, MIRIAM ADELSON, Adelson, Sheldon Adelson, Patrick Dumont, Israel Hayom, Benjamin Netanyahu, Donald Trump, Adam Silver, ” Silver, Greg Abbott, Tilman Fertitta, ”, Trump, “, Silver, Tim Reynolds, Ken Ritter, Paul Weber, ___ Organizations: LAS VEGAS, Dallas Mavericks, WHO, Las Vegas Sands, Sands, Las Vegas, Nevada’s, Republican Party, Vegas Sands, Expo, Apollo Global Management, NFL Raiders, Raiders, Bank of America, Mavericks, Cuban, NBA, TEXAS, Texas Sands, GOP, Capitol, Republican Gov, Texas Legislature, Texas GOP, Republican, NBC, Governors, Pro Locations: Las Vegas, Las, U.S, Oakland , California, Vegas, Texas, Austin , Texas

☆ There will be a huge drop in spending once student loan payments resume, says Landry's CEO Fertitta
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere will be a huge drop in spending once student loan payments resume, says Landry's CEO FertittaTilman Fertitta, Landry's chairman and CEO, joins 'Last Call' to discuss the rising price of beef in the U.S., the state of the entertainment industry and more.

Persons: Fertitta Tilman Fertitta Locations: U.S

☆ Watch CNBC's full interview with Landry's CEO Tilman Fertitta
▼ + stars: | 2023-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Landry's CEO Tilman FertittaTilman Fertitta, Landry's chairman and CEO, joins 'Last Call' to discuss the rising price of beef in the U.S., the state of the entertainment industry, the LIV golf partnership with PGA and more.

Persons: Tilman Fertitta Tilman Fertitta, LIV Organizations: PGA Locations: U.S

☆ Rockets Introduce Coach Ime Udoka, but Say Little About His Misconduct
▼ + stars: | 2023-04-26 | by ( Sopan Deb | ) www.nytimes.com time to read: +1 min

The Houston Rockets owner Tilman Fertitta asked fans to be forgiving on Wednesday as he introduced the team’s new head coach, Ime Udoka, who had been suspended and then fired by the Boston Celtics within the past year for violating unspecified team policies. Fertitta said any critic unwilling to give Udoka a second chance was “not a good Christian person.”The Celtics suspended Udoka for the 2022-23 N.B.A. At the introductory news conference in Houston, Udoka made his first public comments since leaving the Celtics, who have declined to specify which policies he violated. Udoka was flanked by Fertitta and Rockets General Manager Rafael Stone, who also declined to provide details on what they know, including whether they had seen the report from the Celtics’ investigation. “But just the same way, I wouldn’t talk about exactly what we did with anybody else, I’m not going to talk about it with Ime.

☆ Tilman Fertitta is passing on the Commanders after final bid of $5.6B
▼ + stars: | 2023-04-13 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTilman Fertitta is passing on the Commanders after final bid of $5.6BTilman Fertitta, Landry’s Chairman & CEO and Rockets owner, discusses his bid for the Washington Commanders and his view on the economy with CNBC’s Melissa Lee and the Fast Money traders.

☆ Washington Commanders near a deal to sell to 76ers owner for almost $6 billion
▼ + stars: | 2023-04-13 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

The Washington Commanders are nearing a sale to an ownership group led by Philadelphia 76ers and New Jersey Devils Owner Josh Harris at just under $6 billion, a person familiar with the deal told CNBC. Harris' ownership group includes Washington D.C.-based billionaire Mitchell Rales and NBA legend Magic Johnson. Amazon founder and Washington Post owner Jeff Bezos was exploring the sale process, but decided not to make an offer, according to ESPN. For Commanders fans and former employees, progress in the sale process is welcome news. Commanders owner Dan Snyder announced in November of 2022, that he was putting the Commanders up for sale.

☆ Tilman Fertitta weighs in on health of consumer, latest investments
▼ + stars: | 2023-04-12 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTilman Fertitta weighs in on health of consumer, latest investmentsTilman Fertitta, Landry's Chairman & CEO, on the health of the consumer with CNBC's Melissa Lee and the Fast Money traders.

☆ Corporate spending likely to continue in 2023 amid recession fears, CFOs say
▼ + stars: | 2023-01-04 | by ( Ian Thomas | ) www.cnbc.com time to read: +4 min

2023 is arriving with plenty of uncertainty, as recession prospects, continued inflation concerns, and the potential for a consumer spending pullback are all clouding forecasts. But corporate capital spending looks to continue to forge ahead, according to the results of the recent CNBC CFO Council Q4 survey. More than one-third of respondents said that they expect their company's capital spending to increase over the next 12 months, while 39% said their capital spending will stay about the same as last year. Peter Boockvar, chief investment officer at Bleakley Financial Group, said at the Summit that he views corporate capital spending going forward as "bifurcated." Roughly 65% of CFOs responding to the survey said they think inflation has already peaked, while more than 80% are already forecasting a recession for 2023.

☆ If you keep raising rates, companies aren't going to spend money on new projects, says Tilman Fertitta
▼ + stars: | 2022-12-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIf you keep raising rates, companies aren't going to spend money on new projects, says Tilman FertittaLandry's Chairman & CEO Tilman Fertitta joins Brian Sullivan and the 'CNBC Special: Taking Stock 2023' to discuss spending trends and what he sees from consumers in his businesses around the country.

☆ Here's our November rapid-fire update on all 33 stocks in Cramer's Charitable trust portfolio
▼ + stars: | 2022-12-15 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

Here's a rapid-fire update on every stock in the CNBC Investing Club portfolio. Estee Lauder (EL) — New Club members who want to start a position in the cosmetics giant could do so at these levels. We'd advise Club members do so the same, even if we still like the company's defensive nature. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Meet the megadonors backing the Trump super PAC as some top donors opt out of supporting 2024 candidacy
▼ + stars: | 2022-12-11 | by ( Brian Schwartz | ) www.cnbc.com time to read: +6 min

Yet, the latest disclosure, which shows fundraising for the super PAC from Oct. 20 through Nov. 28, also lists nine other individual contributions totaling over $900,000. Wealthy businessman Timothy Mellon contributed $1.5 million to the super PAC on Oct. 5, according to the records. This small group of megadonors arrived in support of the super PAC just prior to other influential financiers deciding they will not back Trump's 2024 candidacy for president. During Trump's first run for the White House in 2016, Pate financed the anti-Trump super PAC We The People Foundation. Anthony Lomangino, a recycling mogul, donated $100,000 to the super PAC on Nov. 4.

☆ The masses are still out there spending, says Landry's Fertitta
▼ + stars: | 2022-11-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe masses are still out there spending, says Landry's FertittaLandry's Chairman & CEO Tilman Fertitta joins Brian Sullivan and the 'CNBC Special: Taking Stock' to discuss the health of the consumer as we head into the holiday season.

☆ Here's our November rapid-fire update on the stocks in Cramer's Charitable Trust portfolio
▼ + stars: | 2022-11-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

We think the stock has been hurt by a recent update to the company's reserve quantity. While we're big fans of the company's recent corporate governance cleanup , and we expect some near-term selling pressure associated with those efforts. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Casino operator Wynn delivers decent Q3 despite ongoing China pressures
▼ + stars: | 2022-11-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +11 min

Casino operator Wynn Resorts (WYNN) reported solid third-quarter results Wednesday, boosted by its U.S. properties, even as its China operations continued to be squeezed by Beijing's strict Covid-19 measures. Despite lower revenues, the Adjusted Property EBITDA loss was $21.8 million, compared to forecasts of a $43 million loss. But the Adjusted Property EBITDA loss was smaller than anticipated, at $43.8 million, compared to the $59 million loss predicted by analysts. Despite lower revenues, the Adjusted Property EBITDA loss was $21.8 million, compared to forecasts of a $43 million loss. But the Adjusted Property EBITDA loss was smaller than anticipated, at $43.8 million, compared to the $59 million loss predicted by analysts.

☆ This week's best performers include Boeing and a casino stock expected to rise another 20%
▼ + stars: | 2022-11-04 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Some of the biggest winners amid the volatile stock market action this week include a health-care name that is being bought, two casino names and Boeing. The next biggest winner was Wynn Resorts , which rallied almost 20% so far this week. Analysts also see the stock gaining another 20%, based on the average price target. Boeing has nearly 20% upside to the average analyst price target, according to FactSet. The stock has 4% upside to the average analyst price target, according to FactSet.

☆ Tilman Fertitta Reports 6% Stake in Wynn Resorts
▼ + stars: | 2022-10-31 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Casino-and-hospitality mogul Tilman Fertitta disclosed a 6% stake in Wynn Resorts Ltd., making him the second-largest individual shareholder in the Las Vegas-based casino operator as the gambling industry continues to recover from the pandemic. The position, disclosed Monday in a filing with the Securities and Exchange Commission, adds to the billionaire’s myriad holdings across entertainment and leisure. He also owns the National Basketball Association ’s Houston Rockets , Golden Nugget Hotel & Casinos and restaurant chains such as Del Frisco’s and Bubba Gump Shrimp Co.

☆ 3 takeaways from our daily meeting: Retail stocks, trimming positions, Qualcomm and Wynn
▼ + stars: | 2022-10-31 | by ( Krystal Hur | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Retail stocks to watch Trimming 3 positions Quick mentions: QCOM, WYNN 1. Meanwhile, investor Tilman Fertitta has taken a 6.1% stake in Wynn Resorts (WYNN), according to a Securities and Exchange Commission filing. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ What Cramer is watching Monday — October's stock pop, tech reign over, China's zero Covid
▼ + stars: | 2022-10-31 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Wynn Resorts (WYNN) jumps 5% in the premarket after a 4.5% pop Friday. UBS downgrades Caterpillar (CAT) to neutral (hold) from buy; cuts price target by $5-per-share to $230, which is silly. Outback Steakhouse owner Bloomin' Brands (BLMN): two price target boosts, Citi and Barclays. Barclays: LyondellBasell (LYB) downgraded to equal weight from overweight (hold from buy), cut price target to $82 per share from $95. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Stocks making the biggest moves in the premarket: Wynn Resorts, Petrobras, Hanesbrands and more
▼ + stars: | 2022-10-31 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Petrobras (PBR) – The Brazilian state-run oil company's shares slid 8.5% in premarket trading after Luiz Inácio Lula da Silva defeated Jair Bolsonaro in the Brazilian presidential election. Hanesbrands (HBI) – The apparel maker received a double-downgrade at Wells Fargo Securities, which cut the stock's rating to "underweight" from "overweight." Wells Fargo is concerned about the company's debt position, as well as business headwinds that it feels are largely out of management's control. Wells Fargo said the original downgrade came amid concerns about cord-cutting and the rising cost of sports rights, and that the situation has worsened since then. Keurig Dr Pepper (KDP) – The beverage maker's stock fell 1.8% in premarket trading after Truist Securities downgraded it to "sell" from "neutral."

☆ Stocks making the biggest moves midday: Wynn Resorts, TuSimple, Newell Brands, First Solar and more
▼ + stars: | 2022-10-31 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +4 min

Newell Brands – Shares of Newell Brands, a consumer goods manufacturer, slipped 7.3%. Paramount Global –Shares of Paramount Global shed 3.6% after being downgraded by Wells Fargo Securities to underweight from equal weight. Meta Platforms – Shares of Meta Platforms fell 5.5%, leading declines in megacap technology stocks following disappointing earnings results last week. The firm has an equal weight rating on the stock. Amgen — The biopharma stock dipped 1.5% after Barclays downgraded Amgen to underweight from equal weight, saying investor enthusiasm ahead of an obesity drug update next week may be overdone.

☆ Tilman Fertitta takes 6.1% stake in Wynn Resorts
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTilman Fertitta takes 6.1% stake in Wynn ResortsCNBC's Jim Cramer and the 'Squawk on the Street' team discuss billionaire Tilman Fertitta's move to take a 6.1% stake in Wynn Resorts.

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