US stocks rose slightly at the start of trading on Wednesday as investors braced for the corporate results of major corporations, including Tesla and Microsoft after the close, and watched the increase in Sino-US tests. . Market participants are also concerned about the state of congressional negotiations on another financial …
Read More »Eldorado Resorts Completes Purchase of Caesars Entertainment for $ 17.3 Million
LAS VEGAS – A Nevada company that started in 1973 with a single hotel-casino in Reno announced Monday that it has completed a $ 17.3 billion purchase of Caesars Entertainment Corp. and will take the company’s iconic name in the future as the largest casino owner in the world. Eldorado …
Read More »Unemployment claims fall to post-pandemic low of 1.3 million, but layoffs could start to rise again as states close businesses again
The numbers: Initial jobless claims fell slightly in the second week of July to a post-pandemic low of 1.30 million, but the decline reluctantly points to continued stress on the economy as the United States struggles to cope with the latest outbreak of coronavirus. New claims for unemployment benefits, a …
Read More »Stocks are resilient because investors have braced themselves for much worse COVID-19 news, says strategist
What will stand in the way of market gains? Clearly, it’s not bad news about COVID-19, as investors try to see the silver lining in these uncertain times. Take this chart that shows how Arizona cases have started to flatten, by Pantheon Macroeconomics, which expects that state to respond earlier …
Read More »JP Morgan is betting that these stocks will dominate as an uncertain second half of the year approaches
Stocks falter on the last trading day of the quarter, as the World Health Organization warns that “the worst is yet to come” with COVID-19. But up to 16% and 18% respectively, the Dow DJIA, + 2.32% and S&P 500 SPX, + 1.46% They are poised for the best three-month …
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