Stocks closed broadly lower as investors pummeled financials on concerns about a potential government levy on banks, while Alcoa's disappointing results stoked unease about the economic recovery.
Stock index futures pointed to a lower start for Wall Street on Tuesday, after Alcoa disappointed investors with its latest earnings report.
It’s been a volatile year for casino stocks, but the S&P gaming and casino index is up 55 percent year to date. How should investors play? Robert LaFleur, gaming, lodging and leisure analyst at Susquehanna Financial Group, and Joseph Graff, senior hotel and gaming analyst at JPMorgan, shared their stock picks and pans.
Call buying picked up in MGM Mirage yesterday as traders bet that the casino company may have put in a bottom.
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Las Vegas Sands’ Singapore casino resort is on track to open end of March, but may face delays depending on the weather, said its chairman, Sheldon Adelson.
I'm reporting live today from MGM Mirage's CityCenter project, which is finally opening. For the first time, I got to speak with one of the people buying a condo in the massive complex. David Tuttleman has no plans to abandon his purchase, a bright spot amid concerns that many buyers may walk away from their 20 percent deposits.
They said it would never happen. Well, some did, anyway. Six years after MGM Mirage conceived what may be the biggest gamble in Las Vegas history—a gamble which threatened to bankrupt the company—the crown jewel of its $8.5 billion CityCenter development opens this week.
Investors are closely watching MGM amid concerns that a possible debt default at Dubai World could derail the casino trade.
A look at some of the holdings of Dubai World, which is seeking a six-month delay in payments on some of the $60 billion it owes.
Cramer makes the call on viewers' favorite stocks.
Whether the economy is in a boom or a bust, the so-called "sin stocks" are supposed to be business as usual either way. In reality though, many of the stocks trading in the gambling, drinking and adult entertainment sectors have proven to be extremely volatile of late.
Producer prices index dropped by more than what economists had expected and housing starts rose less than anticipated. So what does this mean for the American economy going forward? Steven Wieting, director of economics and market analyst at Citigroup and Michael Pento, chief economist at Delta Global Advisors shared their outlooks.
Following are the day’s biggest winners and losers. Find out why shares of UnitedHealth and CSX Corp popped while LDK Solar and Chesapeake Energy dropped.
Global stock markets are higher overnight due to...Australia? Yep. The central bank there became the first G20 country to raise interest rates, by 25 basis points to 3.25 points. The Australian dollar jumped to a 14-month high, and stocks rose as well.
The Lightning Round is extended in this CNBC.com exclusive feature.
"Individual clients are anxious," says one market pro. "We see signs of speculation from some of our clients that are not connected to reality."
As the economy begins to heal, should you bet on casino stocks?
Stocks moved higher near the close as oil prices surged more than $3 a barrel and gold made a run at $1,000 an ounce before backing off.
They looked like hot stocks. So how are the traders playing Morgan Stanley, Potash and more now that they’ve been burned?