The ins and outs of Las Vegas Mike Rowe shows the daily grind housekeepers and casino employees endure to keep happy customers on ‘How America Works’. MGM Resorts International said on Monday it would sell the operations of the Mirage hotel and casino in Las Vegas to Hard Rock International for about $1.08 billion in cash. The Mirage opened in […]
Read more
The futures traded higher across the board Tuesday, after a massive Monday rally that sent all the major indexes and the transports higher. The only selling witnessed was in the Treasury bond market, where yields were higher across the curve. While the Omicron variant is still getting plenty of attention, the market seems to be focusing more on vaccines that […]
Read moreRussia tests Biden amid fears of Ukraine invasion Former National Security Adviser Robert O’Brien joins ‘Kudlow’ to discuss Russia as it moves its troops near the Ukraine border. As President Biden and Russian President Vladimir Putin prepare for their call, critics say it may be too late to temper the former KGB officer as far as the world’s oil supply […]
Read moreGold prices edged higher on Monday, gaining for a second straight session, even as the dollar stayed firm ahead of the Federal Reserve’s monetary policy meeting. The Fed’s two-day monetary policy meeting gets underway on Tuesday. The Fed is widely expected to discuss accelerating the pace of tapering its asset purchase program, with reports suggesting the central bank could double […]
Read moreThe markets haven’t been healthy: Realinvestmentadvice.com editor Lance Roberts sounds off on a ‘lack of liquidity’ and inflation on ‘Making Money.’ Investors will begin the week after a surge in volatility fueled by omicron fears and rising inflation. Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 34580.08 -59.71 -0.17% SP500 S&P 500 4538.43 -38.67 -0.84% I:COMP NASDAQ COMPOSITE […]
Read more
Take a look at some of the biggest movers in the premarket: Harley-Davidson (HOG) – The motorcycle maker's stock surged 11.7% in the premarket after it announced that it is merging its "Livewire" electric motorcycle unit with a special purpose acquisition company. Livewire will have an enterprise value of about $1.8 billion and will trade on the New York Stock […]
Read more
Fed Chair Jerome Powell last week retired the term "transitory" to describe inflation, a move analysts, and O'Neill, described as a "mea culpa." The Bank of England surprised markets early in November by holding interest rates at a record low instead of beginning its hiking cycle. As the Federal Reserve and the Bank of England adopt increasingly hawkish tones in […]
Read more
Bitcoin prices stabilized on Sunday after sharp selling on Friday night sent the cryptocurrency tumbling more than 17%. The cryptocurrency stood around $49,000 on Sunday, up from Saturday's low near $43,000. On Friday morning, bitcoin stood around $57,000. The selling came as investors fled risky areas of the market amid fears over what the new omicron variant means for the […]
Read more
When a stock or sector of the market is trading way above its intrinsic value, investors may call it a "bubble." "We would urge caution, severe caution. Be very afraid of the valuations of these growth companies," Peter Chiappinelli, portfolio strategist at GMO Asset Allocation, told CNBC. Market bubbles are investing phenomena that can occur when valuations are driven by […]
Read more