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They also agreed in principle to bring new electric-vehicle battery plants into the national union contract. After negotiations broke down in early July 2023, Atlanta-based UPS reached a contract agreement with the Teamsters just days before an Aug. 1 deadline. The Culinary Workers Union announced on the social platform X that the deal came together after a year of negotiations. The lead up to the tentative agreement included a three-day strike involving 75,000 workers in multiple states. The tentative agreement also included protective terms around subcontracting and outsourcing, as well as initiatives to invest in the current workforce and address a staffing crisis.
Persons: Martin Luther King Jr, Bethany Khan, AFTRA, Longshoremen Organizations: Boeing, International Association of Machinists, Aerospace Workers, Cornell University's School of Industrial and Labor Relations, Cornell, Unions, UAW, Teamsters, Workers, United Auto Workers, Ford, General Motors, UPS, Teamsters UPS, Games, Screen, American Federation of Television, Radio Artists, Las Vegas Resorts, Culinary Workers Union, Las Vegas, MGM Resorts International, Caesars Entertainment, Wynn Resorts, Kaiser Permanente, Health Care Worker Unions Unions, Hollywood Studios, SAG, International Longshoremen’s Association, U.S . Maritime Alliance, Associated Press Locations: Seattle, America, Atlanta, housekeepers, Kaiser, California, U.S, East
As a new month looms, Wall Street expects its favorite stocks to outperform — no matter what October might bring. Against this backdrop, CNBC Pro screened for Wall Street's favorite names that analysts believe could rally from here. Read's $150 price target is way above the consensus $137, and about 43% higher than where ConocoPhillips closed Friday. Analysts are also bullish on fellow energy producer Diamondback Energy , with the stock's upside to average price target coming in at 30%. Other stocks on Wall Street's list of favorites include casino operator MGM Resorts International and biotechnology firm Biogen .
Persons: Janney Montgomery, Dan Wantrobski, Wall, Goldman Sachs, Toshiya Hari, Wells, Roger Read, Read's, Piper Sandler, Mark Lear Organizations: Federal Reserve, November's U.S, CNBC Pro, Semiconductor, Micron Technology, Micron, Wall Street, ConocoPhillips, Diamondback Energy, Diamondback, Endeavor, MGM Resorts International Locations: November's, Friday's, Wells Fargo, Houston, Midland, 3Q24
On Friday, the tech-heavy S & P 500 and Nasdaq Composite ended the week with losses, down 0.8% and 2.1%, respectively. However, the bulk of Magnificent Seven results is set for release in the week ahead. As it is, all seven of the Magnificent Seven companies closed out the week with losses. FOMC meeting, July jobs report Elsewhere, investors will also be reviewing the latest Federal Reserve interest rate decision set for release on Wednesday. Traders will also get insight into the labor market next week, with the release of the July jobs report on Friday.
Persons: Russell, Ryan Grabinski, John Belton, Tesla, Belton, FactSet, Stanley Black, Decker, Lam, Kraft Heinz, Ingersoll Rand Organizations: Nasdaq, Dow Jones Industrial, Microsoft, Facebook, Apple, Nvidia, 2H, 3Q, Gabelli, Traders, Dallas Fed, Semiconductor, Nation Entertainment, Electronic Arts, Starbucks, Match Group, Caesars Entertainment, Corning, Howmet Aerospace, Procter, Gamble, Pfizer, Merck, Co, PayPal, ADP, Civilian Workers, Chicago PMI, MGM Resorts International, Allstate, Lam Research, eBay, Qualcomm, Western, Cruise Line Holdings, Hess, Boeing, Mobile, Marriott International, GE Healthcare Technologies, Generac Holdings, Mastercard, Labor, PMI, Manufacturing, Intel, Holdings, Motorola Solutions, Technology, Air Products, Chemicals, Jobs, Exxon Mobil, Chevron Locations: Chicago, Albemarle, Kellanova, Hershey, Moderna
CNBC Pro screened FactSet for companies in the broad-market index that are reporting quarterly results next week and could see potential upside. He also raised his target price by $10 to $230, implying shares could gain nearly 28% from Thursday's close. The analyst consensus price target on FactSet suggests shares could rise 11% over the next year, adding to the stock's 9% gain so far this year. Power management company Eaton , now regarded as an artificial intelligence-tied data center play , is also on the earnings docket next week. Other favored stocks that could see a post-earnings bump next week include Mastercard , MGM Resorts International and S & P Global .
Persons: Brian J, Pitz, Michael Rollins, Eaton, FactSet Organizations: Nasdaq, CNBC, BMO Capital, Google, Telecommunications, Mobile, Wednesday, Citi, Power, Mastercard, MGM Resorts International, P Global Locations: Thursday's
Southwest Rapid Rewards® Plus Credit CardThe Southwest Rapid Rewards® Plus Credit Card is a great choice if you're just starting out. Transfer points from Diners Club or hotel loyalty programsDiners Club members can also transfer Club Rewards points to Southwest — 1,500 Club Rewards points, for instance, would convert to 1,200 Southwest points. It's also possible to redeem points earned through participating hotel loyalty programs if you'd rather put them toward flights than hotel stays, though redemption rates are pretty low:5,000 Best Western Rewards points = 1,200 Southwest points6,000 Choice Privileges points = 1,800 Southwest points2,000 Radisson Rewards America points = 200 Southwest points50,000 Radisson Rewards America points = 5,000 Southwest points100,000 Radisson Rewards America points = 10,000 Southwest points9,000 Marriott Bonvoy points = 3,000 Southwest points30,000 Marriott Bonvoy points = 10,000 Southwest points60,000 Marriott Bonvoy points = 20,000 Southwest points90,000 Marriott Bonvoy points = 30,000 Southwest points120,000 Marriott Bonvoy points = 40,000 Southwest points5,000 World of Hyatt points = 2,400 Southwest points50,000 World of Hyatt points = 24,000 Southwest pointsNote that World of Hyatt throws in an additional 6,000 Southwest points as long as you're a member, while Marriott Bonvoy adds 5,000 Southwest points for every 60,000 Marriott points transferred. Earn Southwest points by taking online surveysYou can earn points by taking online surveys through E-Rewards — $15 worth of E-Rewards yields 300 Southwest points, $25 worth of E-Rewards yields 600 Southwest points, $50 worth of E-Rewards yields 1,200 Southwest points, and $100 worth of E-Rewards yields 2,400 Southwest points. Southwest Rapid Rewards Points Frequently Asked QuestionsHow much is 50,000 Southwest points worth?
Persons: It's, you'll, You'll, Cardholders, Chase, Marriott, There's, you've, Hertz, , Ronald McDonald Organizations: Business, Rewards, Southwest Airlines, Southwest Rapid, Rapid, Southwest, Business Credit, eBay, Rapid Rewards, Southwest ®, FDIC, Southwest Airlines ®, Card, Business Credit Card, Southwest Premier, Performance, Chase Sapphire Reserve, Club, Southwest —, Radisson, Marriott, Hyatt, Southwest Hotels, Best, Hotels & Resorts, Choice, Marriott Bonvoy, MGM Resorts International, MGM Resorts, Hertz, Apple, Old Navy, Dartington Crystal, Emergency, Reliant, Central America, Francisco, Chicago, Fort Lauderdale, Student Conservation Association, Ronald McDonald House Charities, Polaris, United Negro College Fund, Hispanic Heritage Foundation Locations: United States, U.S, Mexico, Belize, Costa Rica, Aruba, Cuba, Puerto Rico, Jamaica, Cayman Islands, Turks, Caicos, Dominican Republic, Southwest, rideshare, Southwest airfare, Rocketmiles, Alamo, Avis, Pennsylvania , New Jersey , Maryland , Massachusetts, Illinois, Texas, Caribbean, Central, New York, Los Angeles, Honolulu , Hawaii, Baltimore, Cabos, Denver, Liberia, Nassau, Bahamas
These 10 U.S. states have America’s best economies in 2024
  + stars: | 2024-07-18 | by ( Scott Cohn | ) www.cnbc.com   time to read: +13 min
We consider economic growth and job growth. We measure the breadth of each state's economy by looking at how many major corporations are headquartered there. Delaware's economy turned in a lackluster performance in 2023 — the only state economy to shrink last year. Mario Tama | Getty ImagesThe Grand Canyon State's surging chip sector is delivering many dividends, including strong job growth and a healthy housing market. But he noted that construction employment grew at a healthy pace last year, evidence that the state economy still has steam left.
Persons: Dupont De Nemours, Ethan Miller, Kevin C, George Frey, Mark Knold, Knold, Zions, Mario Tama, Katie Hobbs, Allison Joyce, they've, Andrew Berger, Gross, Berger, Nina Dietzel, Lawrence Kessler, Kessler, Brandon Bell, Joe Raedle Organizations: Companies, Business, Delaware, Istock, Getty, Fortune, Census, Commerce Department, Aaa, Direct Investment, Corporate, Gem State, Micron Technology, Lamb Weston Holdings, Silver State, Pew, Major Corporations, Vegas Sands, MGM Resorts, Benz, Cox, Mercedes, Nestlé, Purina, Adidas, Georgia Department of Economic, U.S . Commerce Department, Assurant, Intercontinental, Contractors, Bloomberg, Utah's Department of Workforce Services, Arizona Workers, Gov, Democrat, Major, Technology, North, Health, Employers, North Carolina Department of Commerce, Corporate Headquarters, Bank of America, Duke Energy, Tennessee, University of Tennessee, The Volunteer State, FedEx, Texas Employees, Lone Star State, Entrepreneurship, Oracle, Tesla, Amerant Locations: States, Wilmington, New Castle County , Delaware, Delaware, Incyte, Idaho, Boise , Idaho, USA, Nevada, Las Vegas, Las Vegas , Nevada, Southern California, Vegas, Georgia, Atlanta , Georgia, Peach, Utah, Provo , Utah, U.S, Beehive, Buckeye , Arizona, Arizona, North Carolina, Wilmington , North Carolina, Carolina, Tennessee Nashville , Tennessee, Luling , Texas, The Texas, North Dakota, California, Texas, Florida, Sunrise , Florida
Hard Rock International (HRI) will close the resort on July 17, 2024, to begin a construction project to transform the property into the Hard Rock Hotel & Casino and Guitar Hotel Las Vegas by 2027. Hard Rock International (HRI) will close the resort on July 17, 2024, to begin a construction project to transform the property into the Hard Rock Hotel & Casino and Guitar Hotel Las Vegas by 2027. Rendering of proposed future Guitar-shaped hotel tower at the Hard Rock Hotel &Casino Las Vegas. Credit: Renderings courtesy of Hard Rock InternationalHard Rock will model its Las Vegas renovation on its highly successful Guitar Hotel at Seminole Hard Rock Hollywood in South Florida. Rendering of proposed future Guitar-shaped hotel tower at the Hard Rock Hotel &Casino Las Vegas.
Persons: Jim Allen, CNBC he's, Steve, Elaine Wynn, Allen, Ethan Miller, Steve Wynn, Wynn, hearken, Michelangelo's David, Joe Stauff, Stauff Organizations: Rock, CNBC, Casino, Hotel, Getty, Las Vegas, Paris Las Vegas, Eiffel, MGM Resorts, VICI, Las, Sunshine, Susquehanna, MGM, Caesars, MGM Resorts International Locations: Las Vegas, Las Vegas , Nevada, Vegas, America, Luxor, New York, Paris, Florida, Atlantic City , New Jersey ; New York, Seminole, Casino Las Vegas ., South Florida
Paramount Global's special committee is reviewing and voting on the agreement , CNBC reported, citing a person familiar with the matter. Tesla — The electric vehicle company jumped another 6%, bringing its week-to-date gains to 24%. Constellation Brands — Shares of the beer and wine company fell 2.5% after its first-quarter sales came in just below expectations. Silver miners were up 4.3% on Wednesday and on pace for their best day since May 17, while gold miners were up 3.76% and on pace for their best day since March 20. Copper miners also gained 4%, tracking for their best day since May 17.
Persons: Tesla, Dan Ives, LSEG, Jerome Powell, , Samantha Subin, Yun Li, Lisa Kailai Han, Michelle Fox, Gina Francolla Organizations: Paramount, Skydance Media, National Amusements, CNBC, Elon, MGM Resorts, MGM, Constellation, U.S, Federal, Constellation Energy, Reuters, Pennsylvania Locations: Tuesday's
Tesla — The electric vehicle maker rose nearly 3% , a day after posting stronger-than-expected delivery numbers for the second quarter. Shares popped 10% during Tuesday's session. Constellation Brands — The beer and wine stock rose more than 2% after a better-than-expected earnings report. Southwest Airlines — Shares were fractionally lower after the airline carrier announced it had adopted a shareholder rights plan. Shares dipped about 1% during Tuesday's session.
Persons: Tesla, LSEG, Eli Lilly, — CNBC's Lisa Han, Jesse Pound, Sarah Min Organizations: Paramount, Paramount Global, Skydance Media, The New York Times, Wall Street Journal, Constellation Brands, Constellation, Southwest Airlines —, Elliott Investment Management, Food and Drug Administration, MGM Resorts, MGM Resorts International
NYSEIn 2018, British regulators sanctioned the UK arm of online gambling giant Flutter after it failed to catch an astonishing anomaly. The United States is Flutter's largest and fastest-growing market in terms of revenue. Both online sports betting and online casinos have been legal and regulated far longer in Britain than in the United States. But in the United States, Flutter doesn't place such limits on the age group. Around a decade ago, British politicians became concerned about a rise in gambling-linked fraud and suicides involving online VIP customers.
Persons: Peter Jackson, America —, Amit Patel, Patel, Alex King, King, FanDuel, Chris Ratcliffe, haven't, hasn't, Jackson, weren't incentivized, Flutter's FanDuel, Entain, Rob Wood, BetMGM, Paul Tonko, Tonko, Entain's Wood, , Joe K, Joe, Pavlo Gonchar, Rob Gronkowski, Jamie Foxx, Foxx, Gronkowski, Goldman Sachs, who'd, Betfair, Entain's, Felicia Grondin, Silquia Patel, Eduardo Munoz, Flutter's, Chris Jones, Josh Giaramita Organizations: MGM, New York Stock Exchange, NYSE, Flutter's U.S, Jacksonville Jaguars, Reuters, Fanduel Inc, Bloomberg, Getty, The New York Stock Exchange, NYSE BetMGM, MGM Resorts International, MGM Resorts, New York Democrat, U.S, Lightrocket, Supreme, American Gaming Association, New York, Gaming Commission Locations: America, Edinburgh, Britain, United States, Dublin, U.S, British, BetMGM, New Jersey, States, United Kingdom, Ireland, New York, East Rutherford , New Jersey, FanDuel
But the LinkedIn co-founder is dumbfounded by the size of the social media fortune former President Donald Trump is sitting on. Trump’s conservative social media company, Truth Social owner Trump Media & Technology Group, is valued by Wall Street at a whopping $6 billion — even after a recent plunge in its share price. “That is wildly high,” Hoffman, who is now a director at Microsoft and a venture capital investor, told CNN. Trump’s stake is worth nearly $4 billionHoffman is hardly the first to express disbelief at the valuation of Trump Media. Based on Monday’s share price, Trump’s 114.75 million shares in Trump Media are valued at nearly $4 billion.
Persons: New York CNN — Reid Hoffman, Donald Trump, ” Hoffman, , Elon Musk’s, Hoffman, Trump, Meta, , Jay Ritter, Barry Diller Organizations: New, New York CNN, LinkedIn, Truth Social, Trump Media & Technology Group, Wall, Microsoft, CNN, Trump Media, Nasdaq, Reddit, Meta, Facebook, “ Trump Media, ” Trump Media, Trump, SEC, GameStop, AMC, University of Florida, ” Billionaire, MGM Resorts International, CNBC, White Locations: New York
Richard Taylor helped build BetMGM's responsible-gaming departmentRichard Taylor. He knew working in responsible gaming could bring a lot of good to the industry. He was previously the director of responsible gaming at MGM Resorts International and moved almost four years ago to BetMGM, where he currently serves in the same role. "I was fortunate enough to be selected to be the first director of responsible gaming," he told BI. He said this excited him because he could take the knowledge he obtained over the years to hopefully help young staff build good habits.
Persons: Richard Taylor, Mitchell Ternay, Taylor Organizations: MGM Resorts International, San Diego Padres, Las Vegas Locations: Las Vegas, Taylor
The company has a low forward price-to-earnings ratio of roughly 8.6. Ulta Beauty also made the screen as a cheap stock that analysts are bullish on. The stock has a 14.5 forward price-to-earnings ratio and a consensus buy rating from analysts polled by FactSet. Online pickup orders inside an Ulta Beauty store in the Upper East Side neighborhood in New York, US, on Monday, Nov. 27, 2023. The stock has a 14.5 forward price-to-earnings ratio and a consensus buy rating from analysts polled by FactSet.
Persons: Jefferies, Trevor Williams, We're, FactSet, Stifel, Ulta, General Motors, Bing Guan Organizations: Dow Jones, Nasdaq, CNBC, Financial, Global Payments, Jefferies, JPMorgan, Cadillac, Chevrolet, General, FedEx, Halliburton, Gilead Sciences, CVS Health, Bloomberg, Getty, CVS, Epam, Motors, HAL Halliburton, Resorts, JBL, LKQ, Vegas Sands Corp, MGM MGM Resorts International, LSEG Financial, Inc Locations: Gilead, New York
The Dublin-based parent company of FanDuel launched a secondary listing of its shares on the New York Stock Exchange on Jan. 29. Shareholders have since voted to making the NYSE the primary listing for the stock rather than London, and that change is slated to take effect May 31. UBS analyst Ben Shelley said in a May 9 note to clients that the primary listing change could help close those gaps. Flutter is not the only company in recent years to shift its primary listing to the U.S., and the track records of those companies could be a positive sign for Flutter. UBS pointed to building materials companies CRH — which transitioned its primary listing to the NYSE in September 2023 — and Ferguson — which made the switch in May 2022 — as examples.
Persons: FanDuel, Ben Shelley, , Ferguson, Shelley, Paddy Power Organizations: UBS, The, New York Stock Exchange, NYSE, Penn Entertainment, MGM Resorts International, DraftKings, MGM International Locations: U.S, The Dublin, London
Shares of Wynn Resorts popped 2% in after-hours trading Tuesday after the casino operator reported stronger-than-expected quarterly results, driven by the Super Bowl in Las Vegas and the recovery in China's Macao region. Macao It was a double beat in Macao, with both properties (Wynn Palace and Wynn Macao) reporting revenue and profit results better than Street expectations. Las Vegas Las Vegas put up a record first quarter of adjusted property EBITDAR. The Wynn Las Vegas resort and casino at dusk in Las Vegas, Nevada, US, on Monday, May 8, 2023. Wynn Resorts Ltd. is scheduled to release earnings figures on May 10.
Persons: We're, , DraftKings, Wynn, Jim Cramer's, WYNN, Jim Cramer, Jim, Bridgett Bennett Organizations: Wynn Resorts, Super, LSEG, Vegas Sands, MGM Resorts International, Wynn, Vegas Las, Super Bowl, Management, CNBC, Wynn Resorts Ltd, Bloomberg, Getty Locations: Las Vegas, China's Macao, Las Vegas , Boston, Macao, China, Vegas, Wynn Macao, Vegas Las Vegas, Boston, UAE, Las Vegas , Nevada
The action quickly and sharply reversed back to the upside Friday after blowout earnings reports from Alphabet and Microsoft . In the week ahead, earnings are likely to drive the action again, though we'll get a few important macroeconomic reports. Earnings: We've got the biggest week of the earnings season ahead of us, with 12 Club holdings set to report. Eli Lilly 's report Tuesday morning continues to be all about sales of type-2 diabetes treatment Mounjaro and weight-loss drug Zepbound. In DuPont 's report Wednesday morning, we're looking for a continued rebound in its semiconductor business following a sequential increase last quarter.
Persons: Ford, we'll, Dow Jones, We've, Buckle, Eaton, Eli Lilly, Lilly, We're, Estee Lauder, Fabrizio Freda, we've, Linde, Bausch, Royal Philips, Woodward, SIRI, Archer, Johnson, Stanley Black, Decker, BAX, Cardinal Health, Parker, Belden, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Microsoft, Meta, Google Search, Big Tech, Nvidia, Broadcom, Ford Motor, Honeywell, Danaher, Labor Department, Labor, PMI, Services PMI, GE Healthcare, Amazon Web Services, Starbucks, Deutsche Bank, DuPont, Bausch Health, U.S ., Appeals, Apple, iPhones, Vision, ON Semiconductor, Resource Partners, Franklin Resources, Paramount, Transocean Ltd, Semiconductors, Arch Capital, Logitech International, Lattice Semiconductor, F5 Networks, Sanmina Corporation, GE HealthCare, PayPal, 3M Company, McDonalds, Enterprise Products Partners, Cola Company, Melco Resorts, Entertainment, SiriusXM Holdings, Oatly, American Electric Power Company, Leidos Holdings, Marathon Petroleum, Daniels, Midland Co, Equitrans Midstream Corporation, HSBC Holdings, HSBC, Devices, Caesars Entertainment, Lumen Technologies, Mondelez, Pfizer, CVS Health, Barrick, Mastercard Inc, Cruise Line Holdings Ltd, Kraft Heinz Company, Marriott International, Ares, Generac Holdings, Johnson Controls, Cenovus Energy Inc, Qualcomm, Devon Energy, Paycom, Axcelis Technologies, Coeur D'Alene Mines, Sunnova Energy International, MGM Resorts International, MGM, Solar Inc, Oil, Allstate, Co, Tenable Holdings, Enovix Corporation, Gladstone Capital, Avis Budget Group, eBay, EBAY, LIN, Novo Nordisk, Natural Resources, PENN Entertainment, Apache, ConocoPhillips, InMode Ltd, Baxter International, Cardinal, Regeneron Pharmaceuticals, Apollo Global Management, LLC, Cinemark Inc, Dominion Energy, Coterra Energy, Coinbase, Bill.com Holdings, Booking Holdings, United States Steel, AXT Inc, Materials, Energy, Hershey Company, XPO Logistics, Cboe, American Pipeline, Amneal Pharmaceuticals, Brookfield Business Partners, Brookfield Renewable Corporation, Magna International, Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, Bloomberg, Getty Locations: U.S, megaprojects, China, Eaton, Corning, Coeur D'Alene, Albemarle, ALB, Novo, New York
On top of that, the latest U.S. jobs market scorecard will be released along with more mega-cap earnings. This week, the U.S. 10-year Treasury yield briefly climbed above 4.7% for the first time since November. That's down sharply from the six or seven rate cuts investors were anticipating coming into the year. April jobs Investors will also get an update on the labor picture next week, with the release of the April nonfarm payrolls report set for Friday. Corporate earnings season will also ramp up in the week ahead with a slew of consumer-facing companies set to report.
Persons: Stocks, Powell, David Alcaly, Jerome Powell's, we've, they're, Brian Nick, Matt Stucky, it's, Stucky, Dow Jones, Nick, Archer, Eli Lilly, Kraft, Estee, Ingersoll Rand, Stanley Black, Decker, Hershey Organizations: Nasdaq, Google, Microsoft, Treasury, Lazard Asset Management, Macro, Northwestern Mutual Wealth Management Company, Fed, Apple, Micro Computer, Dallas Fed, Paramount, ON Semiconductor, Chicago PMI, Prudential Financial, Devices, Storage, Diamondback Energy, Caesars Entertainment, Corning, Daniels, Midland, Molson Coors Beverage, Marathon Petroleum, GE Healthcare Technologies, PayPal, ADP, P Global, Manufacturing, Oil, MGM Resorts International, Allstate, Etsy, eBay, Qualcomm, MetLife, First, Devon Energy, Cruise Line Holdings, Brands, Marriott International, Kraft Heinz, Pfizer, Companies, CVS Health, Generac, Mastercard, Labor, Nation Entertainment, Booking Holdings, Natural Resources, Motorola Solutions, Expedia, EOG, Coterra Energy, Dominion Energy, Howmet Aerospace, ConocoPhillips, Moderna, PMI, Services PMI Locations: U.S, Chicago, McDonald's, Albemarle, EOG Resources
In this article BALY Follow your favorite stocks CREATE FREE ACCOUNTAn exterior view shows the Tropicana Las Vegas at dusk on March 29, 2024 in Las Vegas, Nevada. David Becker | Getty ImagesAs the famous Tropicana in Las Vegas closes its doors Tuesday, its operator Bally's Corporation is facing its own existential battle. Standard General owns about 23% of Bally's stock, it said last month. An exterior view shows the Tropicana Las Vegas on March 29, 2024, in Las Vegas, Nevada. Bally's market cap stands at little more than half a billion dollars.
Persons: David Becker, Soo Kim, Kim, it's, Dan Fetters, Edward King, Fetters, King, Bally's, It's, George Rose, Chris Grove, Jim Murren, Jess Golden Organizations: Tropicana, Getty, Bally's, Standard, Growth Capital, Las, Trump, Tahoe, Chicago, Major League Baseball's Athletics, Leisure Properties, New, Acies, MGM Resorts International, CNBC Locations: Las Vegas , Nevada, Las Vegas, New York City, Stateline , Nevada, Seminole, Florida, Nevada, Oakland, Vegas
LAS VEGAS (AP) — A visit from a rare, fine-feathered tourist has interrupted one of Las Vegas’ prominent shows. Initially, the Bellagio's fountain shows were paused while officials figured out how to proceed, an MGM Resorts International spokesperson told the Las Vegas Review-Journal. Wildlife officials determined that the bird wasn't bothered and the show was cleared Tuesday to resume, but a spokesperson later said the shows would remain on hold. The Associated Press sent an email Wednesday seeking updated information from an MGM spokesperson, including when the shows might resume. The bird likely sought shelter from a storm, Nielsen said, noting that it isn’t uncommon for migratory birds to visit the valley.
Persons: birders, Doug Nielsen, Nielsen, We’re, Gee, I’m Organizations: LAS VEGAS, Bellagio, Vegas, National Park Service, MGM Resorts International, Las Vegas, . Wildlife, Associated Press, MGM, Nevada Department of Wildlife’s Locations: Las Vegas, U.S, Nevada
In its most recent quarter, Lyft posted adjusted earnings of 18 cents per share, more than the LSEG consensus estimate of 8 cents per-share earnings. Revenue of $1.22 billion was in line with analysts' expectations. Robinhood Markets — Shares of Robinhood soared roughly 16.5% after the investing platform beat on earnings and revenue for the fourth quarter. Kraft Heinz — Shares declined more than 1% after the food company posted fourth-quarter revenue that missed expectations. However, adjusted earnings of 78 cents per share was a slight beat, compared to the 77 cents earnings per share expected by analysts.
Persons: Lyft, Robinhood, Angi, DaVita, FactSet, Kraft Heinz —, Kraft Heinz, Akamai, GoDaddy, SentinelOne, bitcoin, Microstrategy, Airbnb, Bernstein, Topgolf, LSEG, It's, — CNBC's Brian Evans, Alex Harring, Tanaya Macheel, Jesse Pound, Pia Singh, Samantha Subin Organizations: LSEG, FactSet, Akamai, Wall, Bank of America, Miners Iris Energy, Marathon Digital, MGM Resorts, Topgolf Callaway, Topgolf Callaway Brands, JPMorgan Locations: LSEG, China, U.S, Detroit
Uber — Uber's shares jumped 11%, climbing to a new 52-week high, after the ride-hailing company announced an inaugural $7 billion share repurchase authorization program. The higher end of the company's full-year earnings per share guidance, $11.40, was also above estimates of $10.83 per share. On Tuesday, DaVita posted earnings of $1.87 per share, ex-items, on $3.15 billion in revenue. Robinhood Markets — Shares of the trading platform jumped 9% after the company posted a surprise earnings and revenue beat. Robinhood posted earnings of 3 cents per share, while analysts expected a 1 cent per share loss, according to LSEG.
Persons: Uber, Uber's, Lyft, IQVIA, Charles River, DaVita, FactSet, Robinhood, Zillow, LSEG, bitcoin, Energy rocketed, CleanSpark, Topgolf Callaway, Akamai, Kraft Heinz, Airbnb, CNBC's Hakyung Kim, Alex Harring, Jesse Pound, Pia Singh, Michelle Fox Organizations: Uber Technologies, Inc, IQVIA Holdings, Charles River Laboratories, Revenue, Miners, Energy, Marathon, MGM Resorts, Hasbro Locations: New York City, FactSet, LSEG, China, Macau, U.S, Detroit
How does one use options to improve the probability of profit in stock trade? Here's an example involving a casino stock reporting earnings this week. Gaining an edge on MGM trade before earnings Let's use MGM Resorts International , which will be reporting earnings on Tuesday, as an example. The following chart depicts the 1 month returns for MGM over the month following the last 44 reported quarters. Stock was higher 26 of 43 instances a month following earnings, or ~60% of the reported quarters.
Persons: Blair Hull, Goldman Sachs, Stock Organizations: Casinos, Hull Trading, Pacific Exchange, MGM, MGM Resorts International, MGM Resorts Locations: Las Vegas
The S & P 500 broke past 5,000 for the first time ever this week, but investors will see if the momentum can stick in the week ahead with more inflation data and earnings results on deck. On Friday, both the S & P 500 and the Nasdaq Composite were headed for their fifth straight week of gains, and their 14th winning week in 15. FactSet data shows S & P 500 earnings are tracking to have risen 2.8% in the fourth quarter, which would be a second straight quarter of earnings growth, and some expect that positive momentum will remain intact in the weeks ahead. A cooler-than-expected print has the potential to be greeted with enthusiasm, sending the S & P 500 even higher. The S & P 500 is up by 5% this year, with Nvidia higher by more than 40%.
Persons: Jeremy Siegel, CNBC's, Siegel, Karim El Nokali, we've, Tony Welch, Dow, SignatureFD's Welch, there's, Welch, Russell, Jason Hunter, that's, Hunter, Matt Kishlansky, Biogen, Kraft Heinz, Generac Organizations: Treasury, Wharton Business, Nasdaq, Arista Networks, Marriott International, Occidental Petroleum, Deere, Applied Materials, Dow Jones, Wall, Nvidia, Arm Holdings, JPMorgan, New York Community Bancorp, Federal Reserve, Treasury Budget, Waste, CPI, MGM Resorts International, Akamai Technologies, Howmet Aerospace, Molson Coors Beverage, Hasbro, Price, Index, Philadelphia Fed, Retail, Manufacturing, Housing, PPI Locations: SignatureFD, U.S, Long, GenTrust, Albemarle, NAHB, Michigan
LAS VEGAS (AP) — Las Vegas proposed to the NFL in December 2021. “Let’s just marry these brands, and let’s bring the Super Bowl here,” Steve Hill, president and CEO of the Las Vegas Convention and Visitors Authority, recalled telling a room of NFL franchise owners. The betrothal culminates Sunday in a not-so-intimate ceremony at Allegiant Stadium, where the city will host its first-ever Super Bowl. He isn’t alone in his excitement: Parking spots for private jets in and around Las Vegas have all been spoken for. Strolling across that span after a major event like the Super Bowl makes for a memory that can't be recreated, Naft said.
Persons: “ Let’s, let’s, Steve Hill, Elvis Presley impersonators, Vince Lombardi, , Seth Kaplan, Kaplan, Guy Fieri, Jeff Frederick, isn’t, , Michael Naft, Mark Davis, Naft, Ty O'Neil Organizations: LAS VEGAS, NFL, Las Vegas Convention, Visitors Authority, Vegas, San Francisco 49ers, Kansas City Chiefs, Maxim, Royale, Resorts, Chapel, Bellagio, Aria, MGM Resorts International, , Las Vegas Raiders, Super Locations: Las Vegas, Bellagio, Australia, Clark, Vegas, Nevada
LAS VEGAS (AP) — A union representing hospitality workers says it has reached a tentative agreement with six more hotel-casinos in downtown Las Vegas and called off a strike deadline for another. The agreements averted a Monday morning walkout threat at several near-Strip and downtown properties as the city kicks off Super Bowl week. The culinary and an associated bartenders union are being given more time to reach an agreement with Virgin Las Vegas, an off-Strip resort. The union then turned its attention to winning the same contract terms for workers at other hotel-casinos in Las Vegas. The NFL’s 58th championship game is expected to bring some 330,000 people to Las Vegas this week, according to the Las Vegas Convention and Visitors Authority.
Persons: Wynn Resorts —, El, a.m Organizations: LAS VEGAS, Super, Culinary Workers Union, Downtown, Virgin Las, Vegas, — MGM Resorts International, Caesar Entertainment, Wynn Resorts, Las Vegas Convention, Visitors Authority, Culinary Locations: Las Vegas, Binion’s, Four Queens, Fremont, Virgin Las Vegas, Sahara Las Vegas, El Cortez, Nevada
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