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. Read More
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. Read More
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. Read More
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. Read More
MGM Mirage shares have risen more than 250 percent since hitting their March low, but David Katz, gaming, lodging and leisure analyst with Oppenheimer said that it's too soon to say whether the stock will keep rising. Read More
Phil Ruffin is old school Las Vegas, in the sense that he's an individual, not a conglomerate, who owns a major hotel and casino. Ruffin bought Treasure Island from a cash-starved MGM Mirage last spring for $755 million (they gave him a $20 million discount when he funded the whole thing in cash). How much is Treasure Island worth? "Probably a billion or more," he says. Read More
“After playing defense for the first half of the year, we’re starting to play offense.” That’s how a visibly relieved Jim Murren explained the outlook for MGM Mirage and its huge $8.4 billion investment with partner Dubai World in the CityCenter complex. Read More