Articles

MGM’s hotels charged $1,000 a night on average for the Super Bowl, but the stock suffers a hangover

MGM Resorts beat fourth-quarter earnings expectations, and said the Super Bowl effect was surprisingly “amazing,” but the casino and hotel operator’s stock continued to suffer from a post-game hangover.

Twilio’s stock moves lower after earnings as revenue forecast comes in light

The company exceeded revenue expectations for its just-completed quarter.

Big Lots, Express and Children’s Place could spell more trouble for commercial real estate, Barclays says

Corporate bankruptcies in January touched their highest level since 2020, according to Epiq Bankruptcy and Barclays.

Michael Burry’s Scion Asset Management scoops up shares of Alphabet, Amazon

Michael Burry’s Scion Asset Management scooped up shares of Alphabet Inc. and Amazon.com Inc. during the fourth quarter of 2023

Red Sea shipping disruptions would be much worse if not for these factors, logistics expert says

The disruptions caused by Houthi attacks on cargo ships in the Red Sea would be much worse were it not for the Lunar New Year holiday and the lingering effects of the pandemic, according to logistics expert Pawan Joshi.

Inflation data jolted stocks and bonds. This will decide what happens next.

Investors are debating whether Tuesday’s market selloff went too far.

S&P 500 has ‘room to rally’ before Fed rate cut, according to this stock ‘playbook’

U.S. stocks may have some room to keep up their bullish run before the Federal Reserve’s first interest-rate cut —  despite a jump in volatility after Tuesday’s hotter-than-anticipated inflation data, according to DataTrek Research.

Morgan Stanley cutting hundreds of wealth-management jobs

Morgan Stanley is cutting hundreds of wealth-management positions, including some managing directors, in one of new Chief Executive Ted Pick’s first major moves since taking over six weeks ago, according to a source familiar with the bank.

States are moving to ban legacy admissions with Virginia leading the way

For years, colleges ‘stuck their head in the sand’ on the issue, but legacy admissions are now under attack.

The end of the free trial? Why a once-popular marketing tactic is now rarely offered. 

People used to spend a month watching their favorite streaming shows for free, but that’s harder to do now.

One not-so-friendly secret to happiness: making more money than your peers

Maybe money does buy happiness, after all — especially if you can afford more of it than your pals.

Want to chase the stock-market rally? Read this first.

It’s been looking a lot like a bull market.
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