• MGM Resorts International Second-Quarter Sales Jump on Stronger Growth in China

    MGM Resorts International Second-Quarter Sales Jump on Stronger Growth in China

    MGM Resorts International (MGM), a hospitality and entertainment firm, reported late on Thursday mixed second-quarter results, with sales beating analysts’ average forecast due in part to strong growth in China while earnings lagged the Street’s view. The firm, whose brands include The Mirage and Bellagio, said in its earnings statement […]

  • Etsy Buys Musical Online Marketplace Reverb

    Etsy Buys Musical Online Marketplace Reverb

    Etsy (ETSY) will acquire privately owned music-gear marketplace Reverb Holdings in a $275 million deal that will see the platform for buying and selling creative goods expand into a new branch through a company that it said already has a similar business model. Sellers on Reverb, which was started in […]

  • Manufacturing in Mid-Atlantic Region Rebounds In July

    Manufacturing in Mid-Atlantic Region Rebounds In July

    Manufacturing in the Mid-Atlantic region blew past expectations in July after posting a large decline the month before, according to a survey released by The Federal Reserve Bank of Philadelphia. The Philly Fed’s Manufacturing Business Outlook Survey for current general activity jumped to 21.8 from 0.3 in June, way above […]

  • Consumer Stocks Gaining Ground

    Consumer Stocks Gaining Ground

    Consumer stocks were ending broadly higher, with shares of consumer staples companies in the S&P 500 climbing nearly 0.3% this afternoon while shares of consumer discretionary firms in the S&P 500 were rising over 0.7%. Among consumer stocks moving on news: (+) Wynn Resorts (WYNN) rose more than 6% on […]

  • Gold Drops Off Six-Year Highs

    Gold Drops Off Six-Year Highs

    Gold prices eased off six-year highs early on Wednesday after the U.S. dollar gained strength. Gold for August delivery was last seen down US$6.10 to US$1,412.60 per ounce in Comex electronic trade. The drop is the first in five sessions that saw the precious metal rise to the highest since […]

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Equity News

MGM Resorts International Second-Quarter Sales Jump on Stronger Growth in China

MGM Resorts International Second-Quarter Sales Jump on Stronger Growth in China

MGM Resorts International (MGM), a hospitality and entertainment firm, reported late on Thursday mixed second-quarter results, with sales beating analysts’ average forecast due in part to strong growth in China while earnings lagged the Street’s view. The firm, whose brands include The Mirage and Bellagio, said in its earnings statement […]

by × July 26, 2019 × 0 comments

Equity News

Etsy Buys Musical Online Marketplace Reverb

Etsy Buys Musical Online Marketplace Reverb

Etsy (ETSY) will acquire privately owned music-gear marketplace Reverb Holdings in a $275 million deal that will see the platform for buying and selling creative goods expand into a new branch through a company that it said already has a similar business model. Sellers on Reverb, which was started in […]

by × July 22, 2019 × 0 comments

Finance Central

Manufacturing in Mid-Atlantic Region Rebounds In July

Manufacturing in Mid-Atlantic Region Rebounds In July

Manufacturing in the Mid-Atlantic region blew past expectations in July after posting a large decline the month before, according to a survey released by The Federal Reserve Bank of Philadelphia. The Philly Fed’s Manufacturing Business Outlook Survey for current general activity jumped to 21.8 from 0.3 in June, way above […]

by × July 18, 2019 × 0 comments

Equity News

Consumer Stocks Gaining Ground

Consumer Stocks Gaining Ground

Consumer stocks were ending broadly higher, with shares of consumer staples companies in the S&P 500 climbing nearly 0.3% this afternoon while shares of consumer discretionary firms in the S&P 500 were rising over 0.7%. Among consumer stocks moving on news: (+) Wynn Resorts (WYNN) rose more than 6% on […]

by × July 1, 2019 × 0 comments

Finance Central

Gold Drops Off Six-Year Highs

Gold Drops Off Six-Year Highs

Gold prices eased off six-year highs early on Wednesday after the U.S. dollar gained strength. Gold for August delivery was last seen down US$6.10 to US$1,412.60 per ounce in Comex electronic trade. The drop is the first in five sessions that saw the precious metal rise to the highest since […]

by × June 26, 2019 × 0 comments

Finance Central

Office Depot Taps Technology Business Veteran to Lead CompuCom Business

Office Depot Taps Technology Business Veteran to Lead CompuCom Business

Office Depot (ODP) said Monday it has hired a technology business veteran to lead its troubled CompuCom business IT services unit. The Boca Raton, Fla.-based office-supply retailer said Mick Slattery will lead the business, which swung to a $15 million operating loss in the first quarter from a $5 million […]

by × June 24, 2019 × 0 comments

Equity News

European ADRs Move Higher in Tuesday Trading

European ADRs Move Higher in Tuesday Trading

American depositary receipts of European stocks were trading 1.4% higher at 1,042.71 on the BNY Mellon Europe Select ADR Index on Tuesday. In continental Europe, the gainers were led by Deutsche Bank (DB) and semiconductor company STMicroelectronics (STM), which rose 3.8% each. They were followed by biopharmaceutical firms DBV Technologies […]

by × June 18, 2019 × 0 comments

Stock Movers

RH’s First-Quarter Beat Brings Raised Full-Year Guidance

RH’s First-Quarter Beat Brings Raised Full-Year Guidance

RH (RH) posted revenue for the first quarter that was ahead of expectations as sales trends in March and April improved and the company’s moves to boost its brand with new products and locations shows success, according to Wedbush Securities. Revenue rose 7.4% to $598 million, or $599 million on […]

by × June 13, 2019 × 0 comments

Finance Central

Eurozone Industrial Production Edges Lower

Eurozone Industrial Production Edges Lower

Eurozone industrial production edged lower in April as a decline in the production of durable consumer goods offset an increase in non-durable consumer goods and energy, region-wide data published on Thursday showed. Seasonally adjusted industrial production fell by 0.5% in the Eurozone, according to data published by Eurostat, the statistics […]

by × June 13, 2019 × 0 comments

Equity News

Ferguson Shares Rise

Ferguson Shares Rise

Shares of Ferguson (FERG.L), the world’s largest distributor of plumbing and heating products, jumped after activist investor Nelson Peltz’s Trian Fund Management disclosed early on Thursday the acquisition of a 5.98% stake in the company for $935 million. Trian, which invests in underperforming and undervalued public companies, has contacted members […]

by × June 13, 2019 × 0 comments