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☆ Las Vegas hospitality unions see 'no real movement' in talks with casinos
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +1 min

An exterior view of MGM Grand hotel and casino, after MGM Resorts shut down some computer systems due to a cyber attack in Las Vegas, Nevada, U.S., September 13, 2023. REUTERS/Bridget Bennett/File Photo Acquire Licensing RightsOct 6 (Reuters) - The unions representing 53,000 hospitality workers in Las Vegas said on Friday they have seen "no real movement" this week in contract negotiations with casino-resort operators MGM Resorts International (MGM.N) and Caesars Entertainment (CZR.O). "We met with MGM on Tuesday and Caesars on Wednesday and unfortunately, no real movement from these companies," said Culinary Union Secretary-Treasurer Ted Pappageorge. The unions are negotiating a new five-year contract at over 40 properties where the agreement has expired or is under extension. Reporting by Doyinsola Oladipo in New York and Shivansh Tiwary in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Bridget Bennett, Ted Pappageorge, Pappageorge, Doyinsola Oladipo, Shinjini Organizations: MGM, MGM Resorts, REUTERS, MGM Resorts International, Caesars Entertainment, Culinary Workers, Caesars, Culinary Union, Wynn Resorts, Reuters, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, New York, Bengaluru

☆ MGM Resorts Refused to Pay Ransom in Cyberattack on Casinos
▼ + stars: | 2023-10-06 | by ( Katherine Sayre | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: mgm

☆ Clorox and MGM Resorts aren't the only companies dealing with cyberattack damage
▼ + stars: | 2023-10-06 | by ( Robert Hum | ) www.cnbc.com time to read: +1 min

It all kind of started Wednesday of last week when Johnson Controls revealed it had been hit by a cyberattack. But why is this specific cybersecurity incident of particular interest? That agency is reportedly investigating if any floor plans and security information were exposed as a result of the attack. The culprit was a significant cybersecurity breach from August — "which caused wide-scale disruption of Clorox's operations, including order processing delays and significant product outages." Clorox is now expecting a hefty year-over-year sales decline as well as a quarterly loss thanks to the incident.

Persons: Johnson, Clorox Organizations: Department of Homeland Security

☆ PepsiCo is among the most oversold S&P 500 stocks. Here are the others
▼ + stars: | 2023-10-06 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

The S & P 500 entered Friday's session down for the week, but a 1% rally put it on track to snap a four-week slide. Here are some of the most oversold names: PepsiCo is one of the most oversold companies in the S & P 500, scoring an RSI of 5.7 and a consensus price target implying more than 26% upside. Other oversold stocks include utility company NextEra Energy , hospitality and entertainment company MGM Resorts International and financial services firm State Street . Here are the 10 most overbought stocks in the S & P 500: Activision Blizzard made the list, with an RSI of 74.15. Pharmaceutical company McKesson and risk management software provider Assurant are also among the most overbought companies in the S & P 500.

Persons: Christopher Horvers, Activision Blizzard, UnitedHealth, it's Organizations: Group, PepsiCo, Dow Jones, CNBC Pro, Wall Street, Gatorade, Barclays, JPMorgan, HSBC, NextEra Energy, MGM Resorts International, Activision, Microsoft, Activision Blizzard, . Pharmaceutical, Seagate Technology Locations: overbought

NEW YORK (AP) — The cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company said in a Thursday regulatory filing. MGM wasn't the only casino giant to see a cybersecurity breach last month. The Reno-based company said that its casino and online operations were not disrupted. Beyond the casino world, Clorox also disclosed a cybersecurity attack recently — noting the company identified “unauthorized activity” on some of IT systems back in August. ________________AP Reporters Ken Ritter and Rio Yamat in Las Vegas contributed to this report.

Persons: Bill Hornbuckle, Hornbuckle, Hornbuckel, Clorox, Ken Ritter, Rio Organizations: MGM Resorts, Las, MGM, Social, Securities and Exchange Commission, Caesars Entertainment, Caesars, Wall Street, ________________ Locations: Las Vegas, Reno

☆ Stocks making the biggest moves midday: Pioneer Natural Resources, MGM Resorts, Levi Strauss and more
▼ + stars: | 2023-10-06 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Levi Strauss — Shares slid 0.8% after the denim apparel maker cut its full-year sales forecast. Late Thursday, Levi posted fiscal third-quarter revenue that missed expectations, and it cut its full-year sales guidance again. MGM Resorts — The resort and casino operator rose 4.9% after offering an update on a cybersecurity issue experienced last month. Liberty Media Formula One — Shares of the motorsports stock advanced 3.6% following an upgrade to buy from neutral by Citi. Frontdoor — The home repair company's shares climbed 4.4% on the back of a Truist upgrade to buy from hold.

Persons: Tesla, Levi Strauss —, Levi, Aehr, FactSet, Truist, — CNBC's Pia Singh, Yun Li, Michelle Fox, Samantha Subin Organizations: Resources, Street Journal, Exxon Mobil, Exxon, stoke, MGM Resorts, MGM, CNBC, Securities and Exchange Commission, Philips —, U.S . Food, Drug Administration, Philips, FDA, Pharmaceuticals, JPMorgan, Jefferies, Liberty Media, Citi, Las Vegas, UBS, AES Locations: Virginia, U.S

☆ Casino giant MGM expects $100 mln hit from hack that led to data breach
▼ + stars: | 2023-10-05 | by ( ) edition.cnn.com time to read: +2 min

One of the world’s largest gambling firms, MGM shut down its systems after detecting the attack to contain damage, it said. It expects to also incur less than $10 million as a related one-time cost in the quarter ended on Sept. 30. After the attack last month, customers posted social media images showing slot machines with error messages and queues at hotels in Las Vegas. The private data of customers who used MGM services before March 2019, including contact information, gender, date of birth and driver’s license numbers, was breached, the company said. The MGM data breach, which the FBI is investigating, is a vivid example of how large organizations remain vulnerable to cybercrime.

Persons: “, ” Organizations: MGM Resorts, MGM, Social Security, FBI, Las, ” MGM, Las Vegas Strip, Formula Locations: Las Vegas

☆ Clorox, reeling from cyberattack, expects quarterly loss
▼ + stars: | 2023-10-04 | by ( ) www.reuters.com time to read: +2 min

Bottles of Clorox bleach are displayed for sale on the shelves of a Wal-Mart store in Rogers, Arkansas, June 4, 2009. "The company expects to experience ongoing, but lessening, operational impacts in the second quarter as it makes progress in returning to normalized operations," it said in a statement. A Clorox spokesperson said the company had informed law enforcement about the attack but had no further comment. The company expects a loss per share of between 35 cents and 75 cents in the quarter ended on Sept. 30, and for net sales to fall by 23% to 28% from a year earlier. "The impact from the cybersecurity attack more than offset the benefits of pricing, cost savings and supply chain optimization," Clorox said.

Persons: Jessica Rinaldi, Clorox, Savyata Mishra, Zeba Siddiqui, Shilpi Majumdar, Tom Hogue Organizations: REUTERS, cyberattacks, MGM Resorts International, Caesars Entertainment, Reuters, MGM, Caesars, Bloomberg, FBI, Thomson Locations: Rogers , Arkansas, U.S, Oakland , California, Bengaluru, San Francisco

LAS VEGAS (AP) — A self-described gangster who police and prosecutors say masterminded the shooting death of Tupac Shakur in Las Vegas in 1996 is due to make his first appearance Wednesday before a Nevada judge. In mid-July, Las Vegas police raided Davis’ home, drawing renewed attention to one of hip-hop music's most enduring mysteries. The car was stopped at a red light near the Las Vegas Strip when a white Cadillac pulled up on the passenger side and gunfire erupted. Shot multiple times, Shakur died a week later at age 25. Sheriff Kevin McMahill, who oversees the Las Vegas Metropolitan Police Department, has acknowledged criticism that his agency was slow to investigate Shakur's killing.

Persons: Tupac Shakur, Duane “ Keffe, ” Davis, Davis, he's, “, ”, there’s, Davis ’, Marion “ Suge, Shakur, Orlando, Lane ” Anderson, Mike Tyson, Knight, Marc DiGiacomo, Anderson, Dre, ” Smith, Terrence “, Brown, Kevin McMahill, McMahill, Sekyiwa, ” Shakur Organizations: LAS VEGAS, Court, Associated Press, East Coast, West Coast, MGM, BMW, Cadillac, Las Vegas Metropolitan Police Department Locations: Las Vegas, Nevada, Henderson, Clark County, Las, Knight, Compton , California, Compton, Compton . Knight

☆ Clorox says sales and profit took a big hit from cyberattack
▼ + stars: | 2023-10-04 | by ( Drew Richardson | ) www.cnbc.com time to read: +1 min

Clorox on Wednesday warned that its sales and profit took a big hit during the quarter ending Sept. 30, largely due to the after effects of a cyberattack that significantly affected operations. The bleach and cleaning products maker said it expects net sales to decrease 23% to 28%. Clorox also said the cyberattack, which it disclosed in August, continues to hurt production, although the effect is lessening. Clorox said it is still assessing what effect the hack could have on the current fiscal year and beyond. MGM also warned in September that the attack could have a material effect on company finances.

Persons: Clorox Organizations: MGM, Caesars, Bloomberg Locations: Clorox

A handful of stocks are heading straight for the death cross. A death cross is a price chart pattern that forms when a stock's 50-day moving average crosses below its 200-day moving average. The death cross is also used as a bear market predictor. CNBC Pro found just under 20 stocks, from financial giants to restaurant operators, that are close to forming a death cross. Wells Fargo is also close to forming a death cross and is down 5% so far this year.

Persons: FactSet, McDonald's, Wells Fargo, Deere, Piper Sandler, Clarke Jeffries Organizations: CNBC Pro, MGM Resorts, Analysts Locations: Tuesday's, U.S

☆ The US sent Ukraine 1 million seized Iranian AK-47 rounds that gunrunners tried to smuggle on an old fishing boat
▼ + stars: | 2023-10-04 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

The US seized Iranian ammunition from smugglers last year and has now sent it to Ukraine. Around 1.1 million rounds of 7.62mm ammo — for small arms — was delivered, the US military said. AdvertisementAdvertisementThe US government has sent Ukraine over 1 million rounds of Iranian small arms ammunition that was seized from weapons smugglers last year, the US military revealed on Wednesday. The US military previously considered sending seized Iranian weaponry to Kyiv, but Wednesday's announcement is the first official confirmation that it has done so. US Central Command, or CENTCOM, said Washington has already transferred approximately 1.1 million rounds of 7.62mm ammunition — which can be fired from AK-47s — on Monday.

Persons: —, Washington, CENTCOM, Biden, John Kirby, Sabrina Singh Organizations: Service, US Central Command, AK, Islamic Revolutionary Guard Corps, United Nations Security, UN, Justice Department, CNN, MGM, Tactical Missile, NATO, National Security, Pentagon Locations: Ukraine, Iran, Russia, Moscow, Washington, Congress, Yemen, interdictions, Tehran, Saudi

AIRLINES & AEROSPACE FIRMSPilots at several airlines including American Airlines (AAL.O), Delta Airlines (DAL.N), United Airlines Holdings (UAL.O), Spirit Airlines (SAVE.N) and Jetblue Airways (JBLU.O) negotiated new job contracts this year. Members of some unions like the Southwest Airlines Pilots Association have voted to authorize a strike if a new contract is not reached. MANUFACTURINGU.S. steel producer Cleveland-Cliffs (CLF.N) has reached a tentative agreement with the United Steelworkers union on a new three-year labor agreement for its Northshore mining operations. The Detroit Casino Council (DCC), which represents the workers, could call for strikes as soon as mid-October, when contracts expire. Labor unions secured new contract agreements at multistate operator-owned cannabis dispensaries in Illinois and in New Jersey in July.

Persons: Sergio Martinez, Mike Blake, Mack Trucks, isn't, Mrinalika Roy, Sriraj Organizations: REUTERS, U.S . Bureau of Labor Statistics, Reuters, Alliance, Television Producers, SAG, Hollywood, United Auto Workers, UAW, Detroit Three, General Motors, Ford Motor, Chrysler, Volvo Group, United Parcel Service, FedEx, Pilots, AIRLINES & AEROSPACE, American Airlines, Delta Airlines, United Airlines Holdings, Spirit Airlines, Jetblue Airways, Southwest Airlines Pilots Association, United Steelworkers, U.S . Steel, Unions, Vegas, MGM, Detroit, MotorCity, Detroit Casino Council, Kaiser Permanente, Workers, Green Thumb Industries, Labor, Phillips, Thomson Locations: Los Angeles , California, U.S, Michigan , Ohio, Missouri, Wichita , Kansas, Cleveland, Detroit, Hollywood, Greektown, Los Angeles, New York City, Chicago, Illinois, New Jersey, Roxana , Illinois, Bengaluru

☆ Hospitality workers, Las Vegas casinos in crunch time for labor talks
▼ + stars: | 2023-10-03 | by ( Doyinsola Oladipo | ) www.reuters.com time to read: +3 min

[1/2] A press conference as members of the Culinary Workers Union Local 226 ahead of 2020 presidential election in Las Vegas, Nevada, U.S., February 13, 2020. Workers are negotiating for a new five-year contract to boost wages and benefits as tourism in Las Vegas recovers from depressed visitor levels during the pandemic. The Las Vegas unions are among the most powerful in the United States, covering workers that wait tables, clean hotel rooms and prepare food. Over 3.3 million people visited Las Vegas in August 2023, a 7% decrease from levels during the same period in 2019 before the pandemic, according to data from the Las Vegas Convention and Visitors Authority. About 95% of hospitality workers voted on Sept. 26 to authorize a strike across 22 properties on the Las Vegas Strip.

Persons: Eric Thayer, Ted Pappageorge, Wynn, Pappageorge, they’d, Barry Jonas, Jonas, Doyinsola Oladipo, David Gaffen, Aurora Ellis Organizations: Culinary Workers Union Local, REUTERS, Vegas, MGM Resorts International, Caesars Entertainment, Wynn Resorts, Workers, Las, Las Vegas Convention, Visitors Authority, MGM Resorts, Caesars, housekeepers, MGM, Wynn, Thomson Locations: Las Vegas , Nevada, U.S, Las Vegas, United States, New York

☆ ATACMS missiles could push back Russia's lethal helicopter force, but Ukraine will need perfect timing to pull it off
▼ + stars: | 2023-10-03 | by ( Christopher Woody | ) www.businessinsider.com time to read: +8 min

The US looks set to send Ukraine the Army Tactical Missile System, which Kyiv has long sought. ATACMS has longer range than Ukraine's other missiles, allowing it to hit valuable Russian targets. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . It took heavy losses when Ukraine introduced HIMARS and began hitting more distant targets, but it adapted to that and has shown signs of adapting to the cruise missiles Ukraine has started using. "That depends on the ability to find and fix targets at that range," Kofman said.

Persons: ATACMS, —, Joe Biden, Volodymyr Zelenskyy, Doug Bush, Biden, MIKE NELSON, Michael Kofman, Kofman, VITALY TIMKIV, There's, Colby Badhwar, Badhwar, Maxym, HIMARS Organizations: Army Tactical Missile, Service, MGM, Tactical Missile, Washington, Washington DC, US, Bloomberg, Getty, GPS, Carnegie Endowment, International, Kyiv, British Ministry of Defence, Berdyansk, Maxar Locations: Ukraine, Kyiv, Tirana, Albania, AFP, Crimea, Russian, Russia's Krasnodar, Russia, Ukrainian

☆ China's big 'Golden Week' is here. Three hot destinations for spending — and a stock with 95% upside
▼ + stars: | 2023-10-01 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Whether it's by train or by car, hundreds of millions of people are traveling around mainland China for a holiday called Golden Week. From the Mid-Autumn Festival on Friday, Sept. 29, to the following Friday, the break runs for an entire week to celebrate China's National Day. Morgan Stanley analysts like Hong Kong-listed CTG Duty Free , China's state-owned duty-free retail giant. Within China, domestic hotel room rates are still above 2019 levels, Morgan Stanley analysts said. On the macro front, if tourism pans out as expected this Golden Week, it will give a much-needed lift to China's the economy overall.

Persons: Morgan Stanley, They're, Oliver Wyman, Oliver Wyman's, BlackPink, Atour, — CNBC's Michael Bloom Organizations: Bank of America, Hong, Golden, MGM China, Wynn Macau Locations: China, Hong Kong, Hainan, Macau, U.S

☆ Detroit casino workers approve strike authorization at three casinos
▼ + stars: | 2023-09-30 | by ( Reuters Staff | ) www.reuters.com time to read: +1 min

The Detroit skyline is seen from the north side of the city in Detroit, Michigan, December 3, 2013. REUTERS/Joshua Lott/File Photo(Reuters) - Workers at three Detroit casinos have voted in favor of authorizing a strike, if necessary, the United Auto Workers (UAW) union said on Saturday. The union said the Detroit Casino Council (DCC), representing workers at the MGM Grand Detroit, Hollywood at Greektown and MotorCity casinos, said workers voted 99% “yes” on Friday to authorize a strike at all three locations if a new contract agreement isn’t reached. The Detroit Casino Council is made up of 5 unions representing casino employees, including UNITE HERE Local 24, UAW, Teamsters Local 1038, Operating Engineers Local 324, and the Michigan Regional Council of Carpenters. About 18,300 UAW members working at the Detroit Three automakers - Ford, General Motors and Chrysler parent Stellantis, are already on strike.

Persons: Joshua Lott, isn’t Organizations: REUTERS, Workers, United Auto Workers, UAW, Detroit Casino Council, MGM, Detroit, Detroit Casino, Teamsters, Engineers, Michigan Regional, of Carpenters, Detroit Three, Ford, General Motors, Chrysler, GM Locations: Detroit, Detroit , Michigan, Hollywood, Greektown

Here's a look at the hours that led up to the fatal gunfire. At about 8:30 p.m., Shakur and Knight took their front row seats at the fight at the MGM Grand Garden Arena. Surveillance video showed Shakur and Knight kicking and punching Anderson near a bank of elevators, police said. Shortly before 9 p.m., Shakur, Knight and their entourage left the MGM Grand. Shakur and Knight joked with the officers, the license plates were found in the trunk and they did not get a ticket.

Persons: Tupac Shakur, Duane “ Keffe, ” Davis, Here's, TUPAC, Shakur, Suge Knight, Kidada Jones, Mike Tyson, Bruce Seldon, Knight, Tyson, Davis, Orlando “, Lane ” Anderson, Anderson, Jones, ” Malcolm Greenidge, “, ” Greenidge Organizations: LAS VEGAS, Row Records, MGM, Garden, WBA, Compton, Knight, BMW, Cadillac, Police, University Medical Locations: Las Vegas, Southern California, Knight's, Las, Luxor, Casino, Flamingo, Koval, California

☆ Russia picked the Black Sea naval fight it's now losing to Ukraine, which doesn't even have a fleet of its own
▼ + stars: | 2023-09-30 | by ( Jake Epstein | ) www.businessinsider.com time to read: +9 min

Kyiv's forces have used these weapons to increase attacks on high-profile Black Sea Fleet targets. Russia's Black Sea Fleet warships take part in the Navy Day celebrations in the port city of Novorossiysk on July 30, 2023. A little over a week after the shipyard attack, Ukraine bombarded the nearby headquarters of the Black Sea Fleet during a meeting of Russia's naval leadership. Russia has also seemingly demonstrated poor judgment in assessing Ukraine's capacity to actually carry out such impactful strikes on Black Sea Fleet targets, Harvey said. "The Ukrainians are learning to adapt to a maritime theater and having a significant impact on the Black Sea Fleet without having a fleet," he said.

Persons: —, Adm, Tony Radakin, Vladimir Putin, STRINGER, it's, Sig, Russia, John Harvey Jr, Biden, Harvey Organizations: Service, Black, United Nations, White, Getty, Moscow, Black Sea Fleet, Liberian, Fleet, Leadership, Russia, Security Service, Ukraine, Special Operations Forces, US, US Fleet Forces Command, Emergency, Artillery, MGM, Tactical Missile Locations: Russia, Ukraine, Moscow, Novorossiysk, Palau, Russian, Ukrainian, Odesa, Kyiv, Kerch, Sevastopol, Crimean, Emergency Sevastopol, Crimea

☆ Duane 'Keffe D' Davis: Man charged in Tupac Shakur's 1996 shooting death has long put himself at the crime scene. Here's what we know about him
▼ + stars: | 2023-09-30 | by ( Aya Elamroussi | ) edition.cnn.com time to read: +7 min

The arrest comes some 27 years after the rapper was shot as he was leaving a boxing match on the Las Vegas Strip. Authorities allege Davis plotted and orchestrated the shooting in a matter of hours, after the rapper and others attacked Davis’ nephew that same day. Duane Keith "Keffe D" Davis has been charged in connection with the 1996 killing of rapper Tupac Shakur. Las Vegas Metropolitan Police DepartmentDavis was ‘the shot caller,’ police sayShakur’s shooting stems from a conflict between two gangs based in Compton, California, police said Friday. Davis ‘talked himself right into jail’Rapper Tupac Shakur poses for photos backstage after his performance at the Regal Theater in Chicago, Illinois, in March 1994.

Persons: Duane Keith Davis, Tupac Shakur, Davis, ”, couldn’t, indicting, Davis ’, Shakur, we’ve, ” Jason Johansson, Duane Keith, Las Vegas Metropolitan Police Department Davis, Marion “ Suge, Knight, Johansson, Mike Tyson, Orlando Anderson, Anderson, Davis “, Suge Knight, ” Johansson, ” Davis, Terrence Brown, Deandre Smith, “ Duane Davis, Smith, “, Greg Kading, ” Kading, Davis –, –, ledgers, Davis ‘, Raymond Boyd, Michael Ochs, “ Davis, he’s Organizations: CNN, Las, Authorities, Las Vegas Metropolitan Police Department, Southside Compton Crips, MGM, BMW, Cadillac, BET, Regal Theater, Michael Ochs Archives, Netflix, Las Vegas Locations: Las Vegas, Compton , California, Compton, bro, Nevada, Chicago , Illinois, Las

☆ Halloween in New York: Things to Do in October
▼ + stars: | 2023-09-30 | by ( Erik Piepenburg | ) www.nytimes.com time to read: +2 min

A Halloween without horror movies is like a Christmas without Hallmark movies about big-city women falling for small-town bookstore owners. New scary films in theaters now are the Agatha Christie-inspired “A Haunting in Venice”; the twisted sister tale “The Nun II”; and “Saw X,” the tenth film in the franchise. For a sneak peek at what horror fans will be drooling over next, check out the Brooklyn Horror Film Festival (Oct. 12-19), at Nitehawk Cinema’s Williamsburg and Prospect Park locations. Stine’s horror books for teenagers (Disney+, Oct. 13). Back to scare again are new seasons of the killer doll show “Chucky” (Peacock, Oct. 4) and the anthology series “Creepshow” (Shudder, Oct. 13).

Persons: Agatha Christie, Hitchcock’s Marlene Dietrich, ”, moviemaking Adams, “ Michelle, Usher, ” Mike Flanagan’s, Edgar Allan Poe, Chucky ”, John, Ed Gein, “ Organizations: Hallmark, Brooklyn Horror Film, MGM Locations: Venice, Nitehawk, Williamsburg, Prospect, California, Texas

☆ Clorox says production sites back up after August cyberattack
▼ + stars: | 2023-09-29 | by ( ) www.reuters.com time to read: +1 min

Sept 29 (Reuters) - Clorox (CLX.N) said on Friday all its manufacturing facilities resumed operations and it is ramping up production to restock inventories after a cyberattack last month disrupted the bleach maker's business. Clorox began transitioning back to automated order processing earlier this week, the producer of Pine-Sol cleaner said, adding that it would also maximize shipping and was working to fully restore operations back to normal. It comes after the company last week warned of a material impact on its first-quarter results due to shipping delays caused by the incident. Cybersecurity attacks have also hit other companies in recent weeks. Reporting by Deborah Sophia in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.

Persons: Clorox, Deborah Sophia, Shweta Agarwal Organizations: Casino, MGM Resorts International, Caesars Entertainment, Thomson Locations: Bengaluru

☆ These are the most oversold stocks during a harsh September for the market
▼ + stars: | 2023-09-29 | by ( Pia Singh | ) www.cnbc.com time to read: +4 min

Conversely, a reading lower than 30 typically means a stock is oversold and could be a signal of a possible buying opportunity. MGM YTD mountain MGM in 2023 Realty Income is the most oversold company in the S & P 500, scoring the lowest RSI of the lot at 5.19. Other oversold stocks include Boeing , discount retailer Dollar General and cloud software company Salesforce . Travelers Companies is the most overbought stock in the broad-based index with an RSI of 79.89. Big-name health-care and insurance company UnitedHealth Group , with a market cap of $469.26 billion, has a 14-day RSI of 75.54.

Persons: Wells Fargo, Chubb Organizations: Nasdaq, Dow Jones, CNBC Pro, MGM Resorts, MGM, Culinary Workers Union, Wynn Resorts, Wall Street, Netflix, Hollywood, Boeing, Dollar, Travelers Companies, . Insurance, UnitedHealth, Pharmaceutical, Humana, Arch Capital Group Locations: Vegas

☆ Detroit casino workers to vote on authorizing strikes this Friday
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

The Detroit skyline is seen from the north side of the city in Detroit, Michigan, December 3, 2013. REUTERS/Joshua Lott/File Photo Acquire Licensing RightsSept 28 (Reuters) - Workers who staff the majority of operations at the three casinos in Detroit will vote on Friday to authorize potential strikes, the United Auto Workers (UAW) union said. The union, in a release on Thursday, said workers staffing operations such as slots and table games, as well as restaurants at MGM Grand Detroit, MotorCity Casino and Hollywood at Greektown, will cast ballots on whether to authorize strikes as they negotiate for a new contract. Should casino workers authorize a strike in Friday's vote, the Detroit Casino Council, the negotiating committee for workers, could call for strikes as soon as mid-October when contracts expire, according to the union. Reporting by Shivansh Tiwary in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Joshua Lott, Shivansh, Shounak Dasgupta Organizations: REUTERS, Workers, United Auto Workers, UAW, MGM Grand Detroit, Hollywood, Detroit Three, General Motors, Chrysler, Detroit Casino Council, Thomson Locations: Detroit, Detroit , Michigan, Greektown, Bengaluru

RENO, Nev. (AP) — The University of Nevada’s basketball team could have a new off-campus home by 2026 under an ambitious 10-year expansion plan that Reno’s largest hotel-casino announced Wednesday. The nearly $1 billion private capital investment will be the biggest in the city's history, according to officials of the Grand Sierra Resort. Before that, the team played at the Reno-Sparks convention center south of downtown. It's been the Grand Sierra Resort since 2006. Last year, Las Vegas hosted Sweet 16 games for the NCAA basketball tournament at T-Mobile Arena on the Vegas Strip.

Persons: Alex Mereulo, Brian Sandoval, Sandoval, It's, Hillary Schieve Organizations: University, Nevada’s, Grand Sierra, Las, University of Nevada, Nevada men’s, “, Sierra Resort, Mountain West Conference, Reno, MGM, Reno Hilton, Las Vegas, Sweet, NCAA, Mobile, Vegas Locations: RENO, Nev, Las Vegas, Reno, Mereulo, Northern Nevada, Nevada, U.S, North America

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