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DETROIT (AP) — Casino workers for MGM Grand Detroit have voted to ratify a new contract, ending a 47-day strike. MGM Grand Detroit workers are union members of the Detroit Casino Council, which represents nearly 4,000 employees of the city's three casinos. Their approval Saturday on a five-year agreement comes weeks after unionized workers reached an agreement with other two casinos following a roughly one-month strike. Workers at MGM Grand Detroit, Hollywood Casino at Greektown and MotorCity Casino walked off the job Oct. 17 over issues including health care and wages that had not kept up with the cost of living. "We’re excited to welcome our team back and continue providing our guests the entertainment experiences for which MGM Grand Detroit is known,” Matt Buckley, President and COO of Midwest Group, MGM Resorts International, said in a Saturday statement.

Persons: “, Gabriel Robert Hernandez, ” Matt Buckley Organizations: DETROIT, —, MGM Grand Detroit, Detroit Casino Council, Workers, Hollywood, MotorCity, Teamsters, MGM, Detroit, Midwest Group, MGM Resorts International Locations: Greektown

☆ Top Wall Street analysts expect these dividend stocks to enhance total returns
▼ + stars: | 2023-12-03 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +7 min

Dividend-paying stocks give investors a combination of potential price appreciation and income, which can enhance total returns. Bearing that in mind, here are five attractive dividend stocks, according to Wall Street's top experts on TipRanks, a platform that ranks analysts based on their past performance. (See Sunoco Hedge Funds Trading Activity on TipRanks)VICI PropertiesOur next dividend stock is VICI Properties (VICI), a real estate investment trust. For the third quarter, the company declared a cash dividend of $0.415 per share, reflecting a 6.4% increase. For the third quarter, the company declared a cash dividend of $2.09 per share, payable on Dec. 14.

Persons: Mike Blake, Wall, Elvira Scotto, Scotto, TipRanks, Sunoco, VICI, Simon Yarmak, Yarmak, Christopher Horvers, Horvers Organizations: Reuters, Energy, Crestwood Equity Partners, RBC Capital, MGM, North American, JPMorgan, TipRanks, Walmart Locations: Encinitas , California, U.S, Crestwood, Vegas

☆ Russia's air force appears to be turning more to an 1,100-pound cluster bomb in one of the deadliest fights in Ukraine, intel says
▼ + stars: | 2023-11-29 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Russia's air force seems to be increasingly using 1,100-pound cluster bombs. Moscow "has likely started to more frequently employ" the RBK-500, a 1,100-pound bomb, over the past month, Britain's defense ministry wrote in a Wednesday intelligence update. Reports indicate the RBK-500 has been used against Kyiv's forces near the eastern Ukrainian front-line cities of Vuhledar and Avdiivka, Britain's defense ministry said. Sophisticated air defense on both sides has kept the sky above the battlefield contested, with neither Ukraine nor Russia's air force able to achieve air superiority. Aerial footage released November 2 by Ukraine shows a Russian armored vehicle exploding near Avdiivka, Donetsk, Region, Ukraine.

Persons: Avdiivka, —, Russia's, Biden Organizations: Service, Staff of, Armed Forces, Ukraine's, Staff, Mechanized Brigade, Reuters Connect, MGM, Tactical Missile Systems Locations: Avdiivka, Moscow, Ukraine, Ukrainian, Vuhledar, Russia, Russian, Donetsk, Region

☆ Okta hackers stole data on all customer support users, company says
▼ + stars: | 2023-11-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Hackers who compromised Okta's customer support system stole data from all of the cybersecurity firm's customer support users, Okta said in a letter to clients Tuesday, a far greater incursion than the company initially believed. An Okta spokesperson told CNBC that customers in government or Department of Defense environments were not impacted by the breach. It also makes Okta a high-profile target for hackers, who can exploit vulnerabilities or misconfigurations to gain access to a slew of other targets. Bloomberg first reported on the letter to Okta customers. Okta first disclosed earlier this month that its customer support system had been hacked but said at the time that around 130 customers were impacted by the breach.

Persons: Okta Organizations: CNBC, Department of Defense, MGM, Caesars, Bloomberg

☆ I spent Thanksgiving in Las Vegas. I got to party, eat the best holiday meal of my life, and see friends.
▼ + stars: | 2023-11-28 | by ( Rebecca Radillo | ) www.businessinsider.com time to read: +5 min

I had the best Thanksgiving meal of my life at STK Steakhouse, and the trip was totally worth it. AdvertisementWhen my best friend Chris suggested we spend Thanksgiving in Las Vegas, I immediately said yes. Rebecca RadilloBecause Thanksgiving is my favorite holiday, I was on the hunt for the best meal in Vegas. Spending the holiday in Las Vegas was totally worth itI'm glad I flew to Las Vegas instead of spending Thanksgiving by myself. I got to party the night away, eat the best Thanksgiving meal I've ever had, and see some people I love.

Persons: —, Chris, who's, Rebecca Radillo, Arts District —, hadn't, Tacotarian's guac, you'd, would've, STK Organizations: Service, Omega, Las Vegas, MGM, Arts District, OneRepublic, Cosmopolitan, Boston Locations: Las Vegas, Vegas, Area, Boston, Las, Tacotarian, New York , New York, STK, Sin City

☆ CrowdStrike forecasts strong Q4 revenue on resilient cybersecurity demand
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

Nov 28 (Reuters) - CrowdStrike Holdings (CRWD.O) on Tuesday forecast fourth-quarter revenue above Wall Street estimates, driven by resilient demand for its cybersecurity offerings in the wake of rising online threats. Rising cyber threats, ransomware attacks and hacking incidents have triggered demand for cybersecurity offerings as businesses try to ensure safety against hackers who steal sensitive data. For the third quarter ended Oct. 31, the company posted revenue of $786.0 million, beating estimates of $777.1 million. Adjusted net income attributable to CrowdStrike for the third quarter rose to $199.2 million, from $96.1 million a year earlier. CrowdStrike raised its annual revenue outlook to a range of $3,046.8 million to $3,050.2 million, up from its earlier forecast of between $3,030.7 million and $3,042.9 million.

Persons: CrowdStrike, Jaspreet Singh, Shailesh Organizations: CrowdStrike Holdings, MGM Resorts International, Caesars Entertainment, Thomson Locations: Austin , Texas, Bengaluru

☆ BetMGM's CEO describes his strategy to hold onto its No. 3 spot in US sports betting as Fanatics and ESPN Bet circle
▼ + stars: | 2023-11-27 | by ( Ashley Rodriguez | ) www.businessinsider.com time to read: +6 min

BetMGM CEO Adam Greenblatt knows Fanatics and ESPN Bet are looking to eat his lunch. However, it has lost some ground, hovering around 15% market share in the third quarter compared to about 20% a year earlier. And a new crop of competitors including Fanatics and Penn Entertainment's ESPN Bet are vying for its position. "Everyone's kind of fighting for that third and fourth spot," Macquarie gambling analyst Chad Beynon told Business Insider in September. Online casino gaming, also known as igaming, is legal in only a handful of US states and has expanded slower than legal sports betting.

Persons: Adam Greenblatt, BetMGM, Penn, Macquarie, Chad Beynon, Greenblatt, We've, we're, Entain, we've, we'll, " Greenblatt, it's Organizations: ESPN Bet, Krejcik, MGM Resorts, Business, BI, MGM, Detroit Lions Locations: North America, Borgata's, Atlantic City, Michigan

☆ Hunger Games prequel, 'Napoleon' lead as Thanksgiving box office shows signs of life
▼ + stars: | 2023-11-26 | by ( Sarah Whitten | ) www.cnbc.com time to read: +3 min

LionsgateThis year's Thanksgiving box office was both feast and famine for the theatrical industry. Meanwhile, Disney's latest animated feature "Wish," which celebrates the company's 100th anniversary, fell startlingly short of box office expectations, tallying just $31.7 million over its first five days in theaters. "It wouldn't be a holiday box office season without some occasional upsets and this weekend is delivering on that front," said Shawn Robbins, chief analyst at BoxOffice.com. Overall, the Thanksgiving box office secured around $172 million, an improvement over the previous three years of pandemic-pressured ticket sales. Prior to the coronavirus outbreak, the five-day Thanksgiving spread — consisting of the Wednesday before Thanksgiving through Sunday — had resulted in more than $250 million in ticket sales each year.

Persons: Tom Blyth, Rachel Zegler, Coriolanus Snow, Lucy Gray Baird, Napoleon, Disney's, Shawn Robbins, Robbins, — Organizations: SONY, Lionsgate, Sony, Apple, MGM, Warner Bros Locations: Lionsgate's

Neither of the weekend’s top new releases — “Wish” and Ridley Scott’s “Napoleon” — could keep up with Lionsgate's “Hunger Games” prequel. With an estimated budget of $200 million, “Napoleon” may still have a long road to reach profitability for Apple, which partnered with Sony to distribute “Napoleon” theatrically. “Wish," at least, is faring better than Disney’s Thanksgiving release last year: 2022's “Strange World" bombed with a five-day $18.9 million opening. Alexander Payne's film starring Paul Giamatti as a boarding school instructor made $3.8 million over the five-day weekend. Ticket sales overall reached $172 million in U.S. and Canada theaters over the five-day holiday weekend, according to Comscore.

Persons: ”, Ridley Scott’s “ Napoleon ” —, Lionsgate's, Panem, Napoleon ”, Joaquin Phoenix, Vanessa Kirby, Joséphine de Beauharnais, Napoleon, Martin Scorsese’s, “ Napoleon ”, “ Ralph, Coco ”, Chris Buck, Jennifer Lee, Ariana DeBose, Chris Pine, Critics weren't, ’, Paul Dergarabedian, We're, “, Barry Keoghan, Jacob Elordi, Bradley Cooper's, Maestro ”, Alexander Payne's, Paul Giamatti, Comscore, “ Napoleon, “ Taylor Swift Organizations: Walt Disney Co, Rotten, Apple Studios, Apple, Sony, Disney, Marvel, DreamWorks, Universal Pictures, Amazon, MGM, Netflix, it's, “ Locations: Waterloo, Oxford, Canada

☆ iRobot shares close up 39% on report Amazon deal set to get EU approval
▼ + stars: | 2023-11-24 | by ( Todd Haselton | ) www.cnbc.com time to read: +1 min

Shares of iRobot , the maker of Roomba vacuums, closed up about 39% Friday after a report said the European Union is set to approve Amazon's $1.7 billion acquisition of the company. Reuters said Thursday morning the deal is set to "win unconditional EU antitrust approval," citing three sources familiar with the matter. The European Commission is expected to rule on the deal by Feb. 14. Representatives from the European Commission didn't immediately respond to CNBC's request for comment. The acquisition marks Amazon's fourth-largest deal, behind its $13.7 billion purchase of grocery chain Whole Foods in 2017, its $8.45 billion purchase of film studio MGM in 2021 and its $3.9 billion acquisition of boutique primary-care provider One Medical, announced last July.

Persons: Roomba, —, Annie Palmer Organizations: European Union, Reuters, European, European Commission, U.S . Federal Trade Commission, Markets Authority, Amazon, iRobot, MGM, CNBC, YouTube, CNBC PRO

☆ Las Vegas hospitality unions ratify contract with Wynn Resorts
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: +1 min

Nov 22 (Reuters) - Unions representing hospitality staff in Las Vegas said on Wednesday that workers employed at Wynn Resorts (WYNN.O) have voted in favor to ratify a new five-year contract, days after similar moves by its competitors Caesars Entertainment (CZR.O) and MGM Resorts International (MGM.N). The unions, which represent about 5,000 employees at Wynn Resorts properties, said 99% of its members voted in favor of the new agreement. Earlier this week, union members at Caesars and MGM voted to ratify their contracts. The total compensation won by the Culinary Union for workers employed at MGM Resorts, Caesars Entertainment, and Wynn Resorts casino properties is about $2 billion over the five-year contract, according to Ted Pappageorge, secretary-treasurer at Culinary Union . Meanwhile, the unions said separate negotiations for 10,000 workers including cooks, bartenders and housekeepers, are ongoing with 24 smaller casinos and resorts for a new five-year contract.

Persons: Wynn, Ted Pappageorge, Mrinmay Dey, Sonia Cheema Organizations: Wynn Resorts, Caesars Entertainment, MGM Resorts International, Caesars, MGM, Culinary Union, MGM Resorts, Las, Thomson Locations: Las Vegas, United States, Bengaluru

☆ How Formula One accidentally helped Las Vegas workers land the 'best contract ever'
▼ + stars: | 2023-11-23 | by ( Sahil Kapur | ) www.cnbc.com time to read: +2 min

Ferrari driver Carlos Sainz of Spain drives past the Sphere during the F1 Las Vegas Grand Prix on Saturday, November 18, 2023 on the Las Vegas Street Circuit in Las Vegas, NV. When Formula One came to Las Vegas, it brought a level of glitz and glamor rivaled only by Monaco. "Las Vegas is now the sporting capital of the world, combined with the entertainment capital of the world. "We think all the largest events in the world belong in Las Vegas. They encouraged Formula One ticket-holders to support workers by avoiding casinos or hotels mired in the labor standoff.

Persons: Carlos Sainz, Ted Pappageorge, weren't Organizations: Vegas, Las Vegas, Circuit, Monaco, Bartenders Union, MGM Resorts, Caesars Entertainment, Wynn Resorts, Culinary Union, Formula, NBC News Locations: Spain, Las Vegas, NV, Sin City, Vegas

☆ Ukraine's new ATACMS shook Russia's attack helicopter fleet, but experts say Russian Ka-52 'Alligators' are still a threat to the front lines
▼ + stars: | 2023-11-22 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

Ukraine's first ATACMS strike hit Russia's attack helicopter fleet, destroying several Ka-52 "Alligators." Experts and milbloggers suggest that the attack helicopters are still a threat to the front lines. AdvertisementUkraine's first strike using its MGM-140 Army Tactical Missile Systems, or ATACMS, dealt a harsh blow to the Russian attack helicopter fleet. AdvertisementRob Lee, a senior fellow at the Foreign Policy Research Institute think tank, backed up the assessment that the attack helicopters are very much in use. Russia's Ka-52 helicopters proved to be a headache for Ukrainian forces during the much-anticipated summer counteroffensive in southern Ukraine.

Persons: Ukraine's, —, Moscow's, milblogger, Tatarigami, Rob Lee, Sergey Pivovarov, Lee, Russia's Organizations: Service, MGM, Tactical Missile Systems, Tatarigami UA, Foreign Policy Research Institute, REUTERS, NATO Locations: Moscow, Ukrainian, Russia, Russia’s Rostov, FARPs, Ukraine, Russian, Kyiv, American

☆ Las Vegas hospitality unions ratify 5-year contract with Caesars
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +1 min

[1/2] Caesars Palace Las Vegas Hotel and Casino is seen on the Las Vegas Strip in Las Vegas, Nevada, U.S. February 26, 2018. REUTERS/Darrin Zammit Lupi/File Photo Acquire Licensing RightsNov 20 (Reuters) - Unions representing hospitality workers in Las Vegas said on Monday that thousands of members employed at Caesars Entertainment (CZR.O) have voted to ratify a new five-year contract. loadingThe Culinary Workers and Bartenders Unions had earlier this month reached a tentative deal with Caesars for a "historic" new contract for 10,000 employees. The unions had also reached agreements with Wynn Resorts (WYNN.O) and MGM Resorts International (MGM.N), the ratification votes for which are due in the next few days. The casinos reached the agreement with the unions just in time before the strike on Nov. 10, which had threatened to shut down the Las Vegas Strip.

Persons: Darrin Zammit Lupi, Baranjot Kaur, Nivedita Bhattacharjee Organizations: Las, REUTERS, Caesars Entertainment, Culinary Workers, Bartenders, Caesars, Wynn Resorts, MGM Resorts International, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, Bengaluru

☆ Unions are the strongest in decades. Nearly a million Americans got double-digit raises as a result
▼ + stars: | 2023-11-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +12 min

New York CNN —Nearly 900,000 Americans sitting down to Thanksgiving dinner this week will have unions – and the double-digit pay increases they won – to thank. The strike lasted more than six weeks before the union won contracts it was seeking from all three unionized US automakers. The unions won significant pay increases and job protections they were seeking. And even with some of the contracts that pass, some union members offer significant opposition, believing they could have negotiated for even more. The union won a contract approved by 86% of membership who voted on ratification.

Persons: “, ”, Wheaton, Emily Elconin, David Paul Morris, Stellantis, Kate Andrias, Mike Blake, It’s, Greg Regan, ” Regan, Heidi Shierholz, union’s, Cornell’s Wheaton, That’s, EPI’s Organizations: New, New York CNN, CNN, Cornell University’s School of Industrial and Labor Relations, United Auto Workers, General Motors, Ford, Kaiser Permanente, Ford Motor Co, Michigan Assembly, Bloomberg, Getty, Writers Guild, SAG, Teamsters, UPS, Culinary, Los, Pilots, American, United, Southwest, The, Professional, American Airlines, FedEx, United Airlines, San Francisco International Airport, Detroit, MGM Entertainment, UAW, Big, GM, Labor, Columbia Law, Motors, Workers, AFL, Economic Policy Institute, Labor Department, Union, Toyota, Honda, Hyundai, Starbucks, Starbucks Workers United, ” Locations: New York, Buffalo, Kaiser, Michigan, Wayne , Michigan, DisneyWorld, Los Angeles, Vegas

LAS VEGAS (AP) — Las Vegas hotel union workers voted overwhelmingly Monday to approve their contract agreement with casino giant Caesars Entertainment, signaling an end to lengthy labor disputes that had brought the threat of a historic strike to the Strip. The Culinary Workers Union announced on X, the platform formerly known as Twitter, that 99% of the vote favored the new five-year deal. The breakthrough deals were tentatively reached earlier this month, just hours before the union had threatened a massive walkout at 18 hotel-casinos on the Strip, including Bellagio, Paris Las Vegas, MGM Grand and Caesars Palace. By the end of the contract, Pappageorge said, union workers will be earning on average $35 hourly, including benefits. Union workers currently make about $26 hourly with benefits.

Persons: Ted Pappageorge, Pappageorge, —, Long Organizations: LAS VEGAS, Caesars Entertainment, Culinary Workers Union, BEST, Wynn Resorts, MGM Resorts International, Paris Las Vegas, MGM Grand, Caesars, MGM Resorts, Union, ”, MGM Grand Detroit Locations: Las Vegas, Bellagio, Paris Las, Casino, Nevada, Hollywood

☆ US Army tests new missile set to replace ATACMS, weapons Ukraine has used to punish Russia's helicopter fleet
▼ + stars: | 2023-11-20 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The Precision Strike Missile (PrSM) program is expected to give a boost to field artillery units. The Army says PrSM will extend the range of ATACMS, which Ukraine has used with great success. During a demonstration last week at White Sands Missile Range in New Mexico, the missile cleared a production qualification test flight. US Army Tactical Missile System (ATACMS) firing a missile into the East Sea during a South Korea-U.S. joint missile drill. "The excuse often cited to not sending" the 186-mile range ATACMS "is that there are not many to spare in the US inventory," Rice told Business Insider.

Persons: —, Lockheed Martin, it's, Dan Rice, Rice Organizations: US Army, Army, Service, MGM, Tactical Missile Systems, Russia's, White, Artillery, Lockheed, Pentagon, US Army Tactical Missile, Korean Defense Ministry, Getty, Kyiv, American University Kyiv, Business Locations: Ukraine, New Mexico, South Korea, U.S, Russia, Moscow

☆ MGM's Detroit Casino Workers Reject New Labor Deal
▼ + stars: | 2023-11-20 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Workers at MGM Resorts International's Detroit casino have rejected a tentative five-year labor contract and will continue with their month-long strike, union officials said on Monday. However, about 2,100 union members at Hollywood Casino at Greektown and MotorCity Casino voted on Monday to ratify the new contract, ending a 34-day strike. The council reached a tentative agreement on Nov. 17 for a new contract covering 3,700 workers at MGM Grand Detroit, Hollywood Casino at Greektown operated by Penn Entertainment and MotorCity Casino. Despite the continuation of the strike at MGM Grand, operations will continue as usual, the casino said. About 40,000 hospitality workers in the Las Vegas Strip also reached a tentative labor deal with casinos operated by Wynn Resorts, Caesars Entertainment and MGM earlier this month.

Persons: Ananta Agarwal, Anil D'Silva Organizations: Reuters, Workers, MGM Resorts, Detroit Casino Council, MGM, Hollywood, MotorCity, MGM Grand Detroit, Penn Entertainment, United Auto Workers, UAW, Teamsters, Las Vegas, Wynn Resorts, Caesars Entertainment Locations: Detroit, Greektown

It’s been a wonderful year at the movies for cinephiles, but what do you get for the film lover who has seen everything already? There are inspiration boards, script pages with handwritten annotations, correspondence with collaborators, as well as personal introductions to each film. They even have a section where you can choose films based on running time: Only have 90 minutes or less? Another special feature looks at the development of black and white 65mm film stock they pioneered for the film. Because this license plate has serious movie cred.’” It’s easily google-able, but we won’t spoil it here.

Persons: It’s, Barbie, Sofia Coppola, “ Sofia Coppola, Coppola, “ Priscilla, ”, she’s, Kirsten Dunst, Bill Murray, Tomasz Ruminski, Leszek Żebrowski ’, Andrzej Krajewski ’, thoughtfully, Parker Posey, Ozu, Ousmane Sembène, “ Hitchcock, Christopher Nolan’s “ Oppenheimer ”, Nolan, Kai Bird, Kip Thorne, Matt Singer, Roger Ebert, Gene Siskel, Siskel, Ebert, Singer, “, Samuel L, Jackson, Cillian Murphy, Jason Momoa, Steven Soderbergh, it’s, Joanna Bush, Soderbergh, ” It’s Organizations: Sundance Film, Criterion, ”, Teamsters, NICE Locations: “, Park City , Utah, Chicago

☆ F1 pricing 'isn't for everyone', brings in unique international crowd, says MGM Resorts CEO
▼ + stars: | 2023-11-17 | 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 EmailF1 pricing 'isn't for everyone', brings in unique international crowd, says MGM Resorts CEOHosted 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: Brian Sullivan, “ Organizations: MGM Resorts, CNBC

☆ MGM expects $60 million in incremental hotel revenue from F1 weekend
▼ + stars: | 2023-11-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMGM expects $60 million in incremental hotel revenue from F1 weekendCNBC's Contessa Brewer reports on news from Caesars and MGM Resorts.

Persons: Contessa Brewer Organizations: MGM, Caesars, MGM Resorts

Cooler-than-expected inflation data could push stocks higher, especially those that benefit the most from a decline in the cost of money. MGM stock has added more than 21% from the start of the year, while Caesars has climbed about 11%. Elsewhere, Solar Battery company SunRun also made the cut, and average analysts polled by FactSet/Refinitiv implies nearly 89% upside moving forward. Shares have pulled back more than 52% from the start of the year as higher interest rates pressure the overall solar sector . RUN YTD mountain SunRun stock.

Persons: Russell, SunRun Organizations: Labor Department, CPI, Dow Jones, Federal Reserve, CNBC, Treasury, MGM International, Caesars Entertainment, MGM, Caesars, Las, Solar Battery, FactSet, BMO Capital Markets, Dish Network, AES Corporation Locations: Las Vegas

☆ These high beta stocks will lead the way if the year-end comeback continues
▼ + stars: | 2023-11-16 | by ( Hakyung Kim | ) www.cnbc.com time to read: +8 min

Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday. Essentially, if the broad market index rises by 1%, the following high beta stocks could jump by 1.5% or more. Goldman Sachs recently recommended the pullback in Devon Energy shares as a buying opportunity, citing the company's strong balance sheet as a factor. The company has a beta value of 1.7 and is scheduled to report earnings on Tuesday.

Persons: Stocks, Goldman Sachs, Wells Fargo, Gunnar Wiedenfels, Bing Guan Organizations: CNBC Pro, Dow Jones, Nasdaq, CNBC, APA Corp, APA, Devon Energy, Marathon, Marathon Oil, Nvidia, UBS, Qs, Warner Bros Discovery, Angeles Refinery, Reuters, Beta, APA APA Corp, Entertainment, Devon Energy Corp, Oil Corp, Targa Resources Corp, MGM MGM Resorts, HAL Halliburton, McMoRan, Aptiv, WYNN Wynn Resorts, Body, Semiconductor Corp, NVIDIA Corp, Zebra Technologies, Albemarle, Alaska Air Group Locations: Angeles, Carson , California, Freeport

☆ FBI warns on Scattered Spider hackers, urges victims to come forward
▼ + stars: | 2023-11-16 | by ( Zeba Siddiqui | ) www.reuters.com time to read: +2 min

REUTERS/Bridget Bennett/File Photo Acquire Licensing RightsSAN FRANCISCO, Nov 16 (Reuters) - The FBI warned organizations to guard against the Scattered Spider hacking group, which has breached dozens of American organizations over the past year, stealing their sensitive data for extortion. The statement, issued jointly with the U.S. Cybersecurity and Infrastructure Security Agency, sheds new light into how these hackers operate. The FBI and CISA urged critical infrastructure organisations to implement a series of security measures they recommended and urged victim organisations to share information about the hacks with the agencies. Everything from a sample ransom note, communications with the hackers, their cryptocurrency wallet information, or samples of malicious files could be useful, they said. "FBI and CISA do not encourage paying ransom as payment does not guarantee victim files will be recovered," they said, adding that ransom payments may embolden the hackers into going after more targets.

Persons: Bridget Bennett, they've, Slack, CISA, Zeba Siddiqui, Nick Zieminski Organizations: MGM, MGM Resorts, REUTERS, FRANCISCO, FBI, MGM Resorts International, Caesars Entertainment, U.S, Cybersecurity, Infrastructure Security Agency, Microsoft, Microsoft Exchange, Thomson Locations: Las Vegas , Nevada, U.S, San Francisco

☆ Clorox's cyber chief leaves as recovery from cyberattack continues - Bloomberg News
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

REUTERS/David Ryder/File Photo Acquire Licensing RightsNov 15 (Reuters) - Clorox's (CLX.N) chief information security officer, Amy Bogac, has left the company as it works to recover from a cyberattack, Bloomberg News reported on Wednesday, citing an internal memo. The incident in August threw the cleaning supplies maker's order fulfillment facilities out of gear for more than a month, and forced it to trim its annual revenue forecast. The memo does not address the reasons for Bogac's departure, the Bloomberg report said, adding that Chau Banks, Clorox's chief information and data officer, would fill the role on an interim basis. The Pine-Sol maker's net revenue fell 20% in the first quarter ended Sept. 30, when its products were off the shelves for a short period following the cyberattack. Clorox was among several companies including MGM Resorts International (MGM.N) and Caesars Entertainment (CZR.O) to be hit by cyber attacks this year.

Persons: David Ryder, Amy Bogac, Clorox, Chau Banks, Juveria Tabassum, Shilpi Majumdar Organizations: Life Care, of Kirkland, REUTERS, Bloomberg, Reuters, MGM Resorts International, Caesars Entertainment, Thomson Locations: Kirkland , Washington , U.S, Chau

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