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As people across the globe stayed at home, the gaming industry saw a huge boom. James Zahn of Toy Insider joins Yahoo Finance's The First Trade to share what the future outlook for the industry could look like. ...
The S&P 500 dropped 5.9% on Thursday, its worst day of trading since March. The index ticked higher on Friday morning, but DataTrek Research co-founder Nicholas Colas said investors would be wise not to ignore Thursday's big move.Why It's Important: From a historical perspective, Colas said there are typically one of two explanations for a 5% market drop in a single day. First, these days occur when there is a problem with market structure that is frequently compounded by overvaluation of stocks. He said the sell-off in October 1987 is an example of this type of market drop.Second, the S&P 500 can drop 5% in a single day if investors see a problem with the economy that will require a fiscal and or monetary response, such as the ones the Federal Reserve provided in March of this year."It is too early to tell which factor caused today's selloff or if it...
(Bloomberg) -- The Federal Reserve put a spotlight on job losses and risks to the financial sector in its semi-annual report to Congress released Friday.“Despite increased resilience from the financial and regulatory reforms adopted since 2008, financial system vulnerabilities -- most notably those associated with liquidity and maturity transformation in the nonbank financial sector -- have amplified some of the economic effects of the pandemic,” the Fed said. “Accordingly, financial-sector vulnerabilities are expected to be significant in the near term.”The central bank also highlighted the risks to the economy and job losses, with a section dedicated to the topic.The Fed’s policy committee this week voted to keep interest rates near zero and central bankers penciled in no rate hikes through 2022. In their first forecasts since December, Federal Open Market Committee participants projected an unemployment rate of 9.3% at year’s end, edging down slowly over the next two years, with inflation...
Causeway International Value Fund Portfolio Manager Sarah Ketterer joins Yahoo Finance’s On The Move panel to discuss the outlook for markets as the major indexes claw back from Thursday's selloff....
The reopening of the Las Vegas Strip has gone relatively well for casino operators since resorts began opening back up last week.Even more properties returned to operations this week, but the latest room rate numbers suggest Vegas still has a long way to go in recovering from its shutdown, according to BofA Securities.What Happened? A limited number of Las Vegas casinos opened back up starting June 4, and initial demand was strong enough for operators to expand those openings ahead of schedule this week.Unfortunately, Vegas Strip operators Las Vegas Sands Corp. (NYSE: LVS), MGM Resorts International (NYSE: MGM), Wynn Resorts, Limited (NASDAQ: WYNN) and Caesars Entertainment Corporation (NASDAQ: CZR) are all seeing extreme declines in hotel room rates, BofA analyst Shaun Kelley said in a Friday note. As of Friday, Wynn and Las Vegas Sands have all their Strip properties open. MGM is planning to reopen Luxor on June 25 and...
Simon Freakley, AlixPartners CEO, joins Yahoo Finance's Alexis Christoforous and Brian Sozzi to discuss the outlook for retailers as they struggle to find the road to recovery following COVID-19....
In this article we will take a look at whether hedge funds think Workhorse Group, Inc. (NASDAQ:WKHS) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips […]...
