Shares of U.S. casino companies fell on Friday amid concerns that a possible debt default at Dubai state-owned conglomerate Dubai World could derail a budding economic recovery that has seen investments by casinos in Las Vegas and emerging markets.
The growing deficit and broken tax policies are killing job creation and causing long term damage to the middle class of the US, Steve Wynn, chairman and CEO of Wynn Resorts, told CNBC Friday.
Despite a struggling gaming industry, Wynn Resorts CEO Steve Wynn said a hospitable staff allowed Wynn Macau shares to close 7 percent higher than their IPO price of $10.08 Hong Kong dollars.
The drive for Dow 10,000 hit a bump in the road Monday as investors took a breather, sending stocks down more than half a percent at the open. Stocks remained lower after a report showed leading indicators rose for a fifth straight month.
The drive for Dow 10,000 hit a bump in the road Monday as investors took a breather, sending stocks down more than half a percent at the open. Stocks remained lower after a report showed leading indicators rose for a fifth straight month.
The drive for Dow 10,000 hit a bump in the road Monday as investors took a breather, sending stocks down more than half a percent at the open. Stocks remained lower after a report showed leading indicators rose for a fifth straight month.
The drive for Dow 10,000 may experience an interruption Monday, if U.S. stock index futures are any indication. Any selloff notwithstanding, the Dow is within 180 points of the 10,000 mark after its best weekly gain in nearly two months.
Stocks snapped a five-day winning streak Friday as a sharp drop in oil prices and profit-taking offset an improvement in consumer confidence and a rosier outlook from economic bellwether FedEx. Still, for the week, stocks gained 1.7 percent.
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