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☆ Morning Bid: Downbeat on the downshift
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. The recent burst of stock market optimism around the world still seems to be on shaky ground. Despite expectations the U.S. Federal Reserve will signal a much-vaunted 'downshift' in its rate rise campaign from next month - following a fourth straight 75 basis point rise on Wednesday - the incoming economic numbers won't play ball. The other slightly peculiar source of global market optimism this week has been unverified speculation over the past 48 hours that China will ease its draconian zero COVID rules in March. In Europe, markets awaited the Bank of England's latest interest rate decision on Thursday - with the bank's biggest rate rise in 33 years forecast.

But unbeknownst to this good Samaritan, he was being watched by an Amazon Ring doorbell camera on the front porch, reported The Washington Post. Surveillance proponents will claim this act of violence had nothing to do with Ring and other networked doorbell cameras. Surveillance proponents will claim this act of violence had nothing to do with Ring and other networked doorbell cameras. But we have to face reality: Blanketing our neighborhoods in surveillance devices that promote a culture of suspicion makes all of us less safe. It even went so far as to launch an actual TV show, “Ring Nation,” on Amazon-owned MGM, featuring viral video from Ring cameras and other surveillance devices.

☆ Stocks making the biggest moves after hours: Roku, Qualcomm, Etsy and more
▼ + stars: | 2022-11-02 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +3 min

Qualcomm – Shares of Qualcomm lost 6% after the company reported earnings after the bell that included a guidance for its fiscal first quarter that fell below expectations, due to weak demand in China and elevated inventories. The technology firm reported adjusted earnings per share of $3.13, in-line with Wall Street expectations, according to Refinitiv. The company reported third-quarter results that beat analysts' forecasts, with a per-share loss of 88 cents compared to a $1.28 loss, according to Refinitiv. Etsy — Etsy jumped more than 10% after the company reported quarterly earnings that beat the Street. Revenue was $483 million where Wall Street expected $456 million.

☆ Macau mass tests its population after COVID-19 infections
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +1 min

HONG KONG, Nov 1 (Reuters) - Macau carried out mass testing of its 700,000 residents on Tuesday after the emergence of COVID-19 cases in the past week, including at a major casino that prompted authorities to seal 1,500 people inside. All residents in the world's biggest gambling hub have been told to take a PCR test on Tuesday and then test themselves daily with rapid antigen tests. The order comes as Typhoon Nalgae approaches southern China with authorities hoping the PCR tests can be completed in one day. Authorities locked down MGM China's (2282.HK) Cotai casino resort on Sunday, with staff and guests ordered to stay inside for three days. In one bright note for the industry, travelling to Macau became easier for mainland residents from Tuesday with the advent of an online visa system which replaces the need to file applications in person.

☆ China residents will be able to travel to Macao using e-visa starting Nov. 1
▼ + stars: | 2022-10-31 | by ( ) www.cnbc.com time to read: +1 min

This photograph taken on October 20, 2022 shows a view of the Cotai Strip in Macau. China's immigration bureau said mainland residents will be able to travel to Macao from Nov. 1 using an online visa system rather than in-person applications, a move that could increase travel to the world's largest gambling hub. In-person applications have been required for the past two and a half years due to Covid-19 restrictions. Authorities locked down the MGM Cotai casino resort owned by MGM China on Sunday with staff and guests ordered to stay inside until Nov 1. All of Macao's 700,000 residents are mandated to take rapid antigen tests daily during the period, the government said.

☆ China residents able to travel to Macau using e-visa from Nov 1
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Oct 31 (Reuters) - China's immigration bureau said mainland residents will be able to travel to Macau from Nov. 1 using an online visa system rather than in-person applications, a move that could increase travel to the world's largest gambling hub. Authorities locked down the MGM Cotai casino resort owned by MGM China (2282.HK) on Sunday with staff and guests ordered to stay inside until Nov 1. All of Macau's 700,000 residents are mandated to take rapid antigen tests daily during the period, the government said. Macau's six casino operators - Sands China (1928.HK), Wynn Macau (WYNN.O), Galaxy Entertainment (0027.HK), MGM China, Melco Resorts and SJM Holdings (0880.HK) - are currently awaiting a government decision on whether they will be granted new licenses. Reporting by Farah Master and Beijing newsroom; Editing by Kim Coghill and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Macau reimposes COVID curbs with casino lockdown as infections creep up
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +2 min

Authorities locked down the MGM Cotai casino resort owned by MGM China (2282.HK) on Sunday with staff and guests ordered to stay inside until Nov 1. All of Macau's 700,000 residents are mandated to take rapid antigen tests daily during the period, the government said. The casino closure deals a blow to operators who have already been grappling with China's "zero COVID" restrictions for more than two and a half years, losing millions of dollars monthly. Shares in Hong Kong-listed Galaxy Entertainment (0027.HK) and Wynn Macau (1128.HK) dropped more than 3% early in Monday's session but later reversed course to trade in positive territory. Macau casino executives also said a decision on new licences could come as early as this week.

☆ Macau's MGM Cotai casino locked down after dealer COVID case - media
▼ + stars: | 2022-10-30 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Oct 30 (Reuters) - Macau's MGM Cotai casino, operated by MGM China (2282.HK), was locked down on Sunday morning after a dealer was found to be infected with COVID-19 in the world's biggest gambling hub, local publication Inside Asian Gaming reported. The closure deals a blow to casino operators who have already been grappling with COVID restrictions for more than two and a half years. Government health workers were at the MGM Cotai site with noone allowed to enter or exit the building, Inside Asian Gaming said. All of Macau's 700,000 residents must take a rapid antigen test for COVID daily from Oct. 30 to Nov. 1, Macau's government said in a statement that made no mention of the MGM closure. Macau's six casino operators - Sands China (1928.HK), Wynn Macau (WYNN.O), Galaxy Entertainment (0027.HK), MGM China, Melco Resorts and SJM Holdings (0880.HK) - are currently awaiting a government decision on whether they will be granted new licenses.

☆ The Fed may have to blow up the economy to get inflation under control
▼ + stars: | 2022-10-30 | by ( Paul R. La Monica | ) edition.cnn.com time to read: +7 min

Jobs report also on tapThe Fed meeting takes place just two days before the nation will get its next report card on the labor market. Another jobs report, from payroll processor ADP, is also due out next week, and this one looks just at Corporate America. The government said in the September jobs report that average hourly earnings rose 5% in the past 12 months. The Fed typically prefers to see wage growth in the 2% to 3% annual range as a sign that inflation is under control. Discovery, Starbucks (SBUX), PayPal (PYPL), Amgen (AMGN) and Block (SQ)Friday: US jobs report; earnings from Cardinal Health (CAH), Duke Energy (DUK) and Hershey (HSY)

☆ The Fed could lay the groundwork for a year end rally in the week ahead
▼ + stars: | 2022-10-28 | by ( Patti Domm | In | ) www.cnbc.com time to read: +8 min

The coming week is also the busiest of the corporate earnings season, with about a third of the S & P 500 companies releasing results. "Historically, the market waits for the last Fed rate hike to be introduced and then the market climbs higher. The S & P 500 was up more than 8.8% for the month. The Dow was up 5.7% on the week, the S & P 500 was up 5.7% and the Nasdaq was up 2.2%. The 50-day moving average is 3,841 for the S & P 500, and it was well above it Friday afternoon for the second time in the past week.

☆ Stocks shrug off tech's troubles as the Street awaits key inflation data next week
▼ + stars: | 2022-10-28 | by ( Zev Fima | ) www.cnbc.com time to read: +9 min

The major indexes all posted gains this week despite a Big Tech beatdown, proving the market can rally without its most valuable stocks. Indeed strength in other sectors — only communication services finished down — helped the overall market to shrug off disappointing earnings results from Microsoft (MSFT), Alphabet (GOOGL), Amazon (AMZN) and Meta Platforms (META). Alphabet's results fell short of the Street's expectations, but still managed to grow revenue 6% annually off a $65 billion base. (Canada's central bank hiked rates less than expected this week, opting for a 50 basis point hike instead of the expected 75.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Microsoft, Apple, Meta, other big U.S. firms run ads urging Congress to protect 'Dreamers' as DACA fades
▼ + stars: | 2022-10-20 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Julia-Ainsley-Circle-Byline-Template.Jpg | Julia Ainsley | ) www.nbcnews.com time to read: +6 min

“Collectively, we represent the backbone of an American economy facing tremendous workforce challenges as a result of the pandemic. Circuit Court of Appeals recently ruled that DACA was illegal but allowed more than 600,000 current DACA recipients to keep their status while a lower court reviewed a new DACA rule the Biden administration put forward. He is predicted to rule against the new DACA rule ultimately, because he found its previous iteration illegal. “Tragically, the 5th Circuit and courts have made it clear that not only did they rule the current DACA rule is illegal, but the new DACA rule will be illegal, too,” said Todd Schulte, the president and executive director of FWD.US, a group that has advocated for DACA to continue. “Now, no one trusts Democrats of the Biden administration to actually enforce the law and crack down on illegal immigration.

Reyes said Hollywood films often reflected the politics of their time — and that had an influence on Latino roles. Studies by the Government Accountability Office, the University of Southern California and other groups consistently show that Latinos are underrepresented in the film industry. Just this year, UCLA’s Hollywood Diversity Report documented “enormous gains” by women and people of color, but Latino representation still lagged. Slowly but surely, we are shaking up the narrative in Hollywood.”Calderón is frustrated by the continuing practice of “brownface,” whereby Latino roles go to white actors. Sanchez cited Eugenio Derbez in “Coda” (2021) as an example of a well-written Latino film character.

☆ Sports betting salaries: Pay data reveal how much DraftKings, FanDuel, and other companies offer employees for tech and other jobs
▼ + stars: | 2022-10-18 | by ( Colin Salao | Ashley Rodriguez | ) www.businessinsider.com time to read: +10 min

The data are limited to base salaries and US-based jobs for visa-seeking employees. Still, sports betting is as much about sports as it is gambling and tech — growing industries known for high-paying jobs. The data included five US sports betting companies: BetMGM, DraftKings, FanDuel, Penn Interactive, and Rush Street Interactive. It included salaries for jobs such as a data engineer at DraftKings that would make $97,000 per year or more and a sports trading senior manager at FanDuel that would earn $130,000. A FanDuel software engineer based in New York would make $128,440, which is in the range of what TikTok has offered software engineers, the data shows.

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"We are deeply saddened to learn of the passing of Angela Lansbury," according to statement by Actors' Equity, the union representing live stage performers. "A star of stage, TV and movies, Lansbury was an Equity member for an astounding 65 years. Angela Lansbury stars as mystery writer and crime solver Jessica Fletcher on the CBS television crime drama series "Murder, She Wrote" in 1990. The TV academy nominated Lansbury for 12 Emmys for “Murder,” although she never took home the trophy. Edgar Lansbury was mayor of the London borough of Poplar, while George Lansbury served as Labour Party leader in 1932-34.

☆ The Last Word: Angela Lansbury
▼ + stars: | 2022-10-11 | by ( Mervyn Rothstein | Kassie Bracken | ) www.nytimes.com time to read: +11 min

In between, Angela Lansbury’s career spanned seven decades and countless transformations on stage, screen and television. It was missing the night of the fire.” “Jessica Fletcher was probably about as close not to me, but to the sort of woman that I might have been had I not been an actress.” Angela Brigid Lansbury was born in London in 1925. I didn’t know anything. ‘This could be it.’ And I had a special dress made and, oh, I don’t know, It’s just — I think soon after that, I came to New York.” In the mid-’60s, Angela Lansbury returned to the theater. In 2009, she won her fifth Tony Award for playing Madame Arcati in “Blithe Spirit.” Ms. Lansbury was 83 years old.

☆ Cramer's lightning round: Service Corporation International is a good stock to own
▼ + stars: | 2022-10-11 | by ( Krystal Hur | ) www.cnbc.com time to read: 1 min

Loading chart...MGM Resorts International : "I don't really care for that group, but you know what, I think anything can bounce in that business." Loading chart...Take-Two Interactive Software Inc : "I don't think that group is doing that well." Loading chart...Rio Tinto PLC : "I do think that it represents great assets, but if the stock's going to reflect that in the near term, I don't know." I think it's fine, not great, not bad." Loading chart...Service Corporation International : "I think that that is a good stock to own."

☆ Angela Lansbury, beloved star of ‘Murder, She Wrote,’ dead at 96
▼ + stars: | 2022-10-11 | by ( Brian Lowry | ) edition.cnn.com time to read: +9 min

Lansbury also amassed 11 Emmy nominations for her role as Jessica Fletcher in “Murder, She Wrote,” but never won. Mondadori Portfolio/Getty Images Lansbury, seen here in 1945, moved to United States from England in 1940. Ron Frehm/AP Lansbury celebrates the 100th episode of the TV series "Murder, She Wrote" in 1989. Mychal Watts/WireImage/Getty Images Lansbury, with various Broadway cast members, performs at the Light the Lights Broadway Is Back! Jonathan Brady/Getty Images Lansbury attends the 25th anniversary screening of "Beauty and the Beast" in 2016.

Buying other companies is one option to help maintain its historical 20%-plus annual revenue growth, a person familiar with Amazon's deal process said. While Amazon doesn't necessarily prey on companies in trouble, the company is extremely price disciplined, the person familiar with Amazon's deal process told Insider. Bertucci has been a part of some of Amazon's largest transactions, including leading the MGM and One Medical deals. According to the person familiar with Amazon's deal process, Amazon only brings in investment banks when acquisitions reach roughly the $1 billion mark. Indeed, the One Medical deal alone could have netted Goldman and Morgan Stanley, which repped One Medical, in the tens of millions in fees.

☆ MGM Resorts CEO Bill Hornbuckle discusses current economic landscape
▼ + stars: | 2022-10-11 | 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 EmailMGM Resorts CEO Bill Hornbuckle discusses current economic landscapeBill Hornbuckle, president and CEO of MGM Resorts, joins CNBC's Contessa Brewer to discuss the current economic landscape for gaming and sports betting.

☆ 'Murder, She Wrote' actress Angela Lansbury dead at age 96
▼ + stars: | 2022-10-11 | by ( Will Dunham | ) www.reuters.com time to read: +5 min

Nearly seven decades after her first film, she was awarded an honorary Oscar for lifetime achievement at age 88 in November 2013. "I feel really undeserving of this gorgeous chap," Lansbury said, referring to the golden Oscar statuette she was given. "Not since the heyday of Bette Davis had there been an actress of this range and accomplishment," wrote critic David Shipman. Lansbury was born in London in 1925 and went to the United States in 1940 to avoid the war with her mother, actress Moyna McGill, who appeared in several Hollywood films. Lansbury, who lived in Los Angeles, married actor Richard Cromwell in 1945 but the union lasted less than a year.

☆ Stocks making the biggest moves midday: Ford, Las Vegas Sands, Nvidia, Kraft Heinz and more
▼ + stars: | 2022-10-10 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Ford Motor , General Motors — Shares of Ford and GM fell 7% and 5% respectively, after UBS downgraded both stocks. The firm lowered Ford to a sell rating from neutral and cut GM to a neutral from a buy. Casino stocks — Shares of hotel and casino companies were the top decliners in the S&P 500, with Wynn Resorts down 11.6% and Las Vegas Sands losing 8.5%. Kraft Heinz — The food maker's shares rose 2% after Goldman Sachs upgraded them to buy from neutral, noting that higher profit margins haven't been fully priced into the stock. Merck — Shares of the pharmaceutical giant rose 2.8% after Guggenheim upgraded Merck to buy from neutral.

They accounted for 71% of arrivals before the pandemic, with another 19% coming from Hong Kong, according to the tourism board. Register now for FREE unlimited access to Reuters.com RegisterCasinos have supported heady growth since 2002 when Macau opened the market to multiple operators. Macau’s tiny population of 680,000 was nearly 70% richer on a per capita basis than their peers in Hong Kong, per the International Monetary Fund. But their collective enthusiasm masks an awkward reality: Macau’s dependence on the gambling industry looks increasingly fraught. Gaming revenue, which peaked at $45 billion in 2013, has never recovered from the blow to VIP business, sinking to $36 billion by 2019, per Macau’s Gaming Inspection and Coordination Bureau.

☆ Maroon 5 announces Las Vegas residency
▼ + stars: | 2022-09-27 | by ( Lisa Respers France | ) edition.cnn.com time to read: 1 min

Maroon 5 on Tuesday announced they’ll kick off new Las Vegas concert residency in the spring. “M5LV • THE RESIDENCY,” the caption on their Instagram announcement read. Tickets on sale Monday Oct 3 at 10AM PT.”The dates listed range from March 24, 2023 to August 12 at the Park MGM Las Vegas. Levine has recently faced allegations that he cheated on wife Behati Prinsloo and wanted to name their child after his alleged mistress. “I used poor judgment in speaking with anyone other than my wife in ANY kind of flirtatious manner,” Levine wrote in a statement posted on the Instagram stories on his verified Instagram account.

☆ Macau casino operators soar as China allows tour groups after nearly 3 years
▼ + stars: | 2022-09-26 | by ( ) www.reuters.com time to read: +2 min

A woman rest next to the decoration inside the Wynn Palace casino resort in Macau, China December 20, 2019, on the 20th anniversary of the former Portuguese colony's return to China. Sands China (1928.HK) rose more than 13%, Wynn Macau (1128.HK) climbed 7%, Galaxy Entertainment (0027.HK) advanced 10% while shares of SJM (0880.HK) and MGM China (2282.HK) jumped 8% each. Currently, Chinese tourists to Macau need to book a visa appointment followed by a week-long approval process. The individual visa scheme accounted for around 50% of Chinese visitors to Macau in 2019 while tour groups accounted for around 25% of visitation. In the first phase, the resumption of tour groups will come from five provinces -- Guangdong, Shanghai, Zhejiang, Jiangsu and Fujian -- which represented almost 60% of mainland visits to Macau in 2019.

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