Casino stocks fell sharply on Monday on weaker-than-expected gaming revenue data out of Macau. Macau’s Gaming Inspection and Coordination Bureau said gaming revenue for June increased by 12.5 percent to $2.78 billion on a year-over-year basis. Analysts polled by Reuters expected revenue to jump between 17 and 21 percent for June. Shares of Wynn Resorts […]
Read moreCFRA Research does not believe Tesla will be able to maintain its Model 3 production rate over the short term. The firm lowered its rating to sell from hold for Tesla shares, citing the stock’s valuation. Tesla said on Monday that the carmaker reached its one-week production goal of 5,000 Model 3 cars for the […]
Read moreIn 2017 nearly every stock market around the world was up, and the term “synchronized global growth” was trending among investors. Now with markets around the world teetering on correction levels — from Argentina and Brazil to Germany, India and China — and White House officials saying President Donald Trump will proceed with his trade […]
Read moreThe second half of 2018 will be tough for investors as they grapple with rising trade tensions and higher interest rates, according to Goldman Sachs. Companies with strong balance sheets, however, should do well in the tough times ahead as they can better deal with higher borrowing costs and overall volatility. Equities posted a mixed […]
Read moreThe United States and China are on a path of “mutual assured destruction” if there’s a massive breakdown in trade relations, Dell CEO Michael Dell told CNBC on Monday. “The two countries are completely intertwined,” Dell said in a “Squawk on the Street” interview. “It would be an extremely bad outcome for both countries.” Michael […]
Read moreStocks right now are hanging by a thread, boosted by a bonanza of corporate buying unrivaled in market history and held back by a burst in investor selling that also has set a new record. Both sides are motivated by fear, as corporations find little else to do with their $2.1 trillion in cash than […]
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Apple’s big new software update that will roll out to iPhones and iPads this fall — iOS 12 — includes a new group FaceTime feature. That means you’ll be able to start a group video chat with up to 32 people on a single FaceTime call. You’ll need to install the iOS 12 public preview […]
Read moreDomo, a Utah-based analytics company, saw its stock price fall more than 13 percent Monday morning, following a rocky public debut on Friday. After bouncing around the board, Domo’s price settled Friday at $27.30 per share, 30 percent above its opening value of $23.80. Domo opened Monday morning nearly 6 percent lower at $25.43, and […]
Read moreCurrency, United States Finance
Europe’s carbon dioxide shortage could last beyond World Cup tournament
It could be at least another two weeks before supplies of carbon dioxide (CO2) to the United Kingdom return to normal, according to the British meat industry. A desperate shortage of food-grade CO2 in recent weeks has disrupted the normal operations of meat, alcohol and soda drinks producers in Europe, particularly affecting those based in […]
Read moreAfter a sluggish start to the year, bitcoin started the month of July with a 12 percent rebound off of last week’s lows. The cryptocurrency rose 4 percent Monday to near $6,550 as of 9:30 a.m. ET, hitting a high of $6,609.50, according to data from CoinDesk. Last week, bitcoin skidded to its lowest level […]
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