Billionaire Laurene Powell Jobs’ Emerson Collective is acquiring a majority stake in The Atlantic and will likely take ownership of the whole publication within the next three to five years.
Jobs founded the Emerson Collective, which uses entrepreneurship to advance social reform and support education causes, in 2004. She is read »
A long iron shot away from Macau, Hengqin island is a pet project of China President Xi Jinping that’s supposed to help drive Macau’s diversification in several ways. The island, three times the size of Macau, offers space that can expand Macau’s appeal as a tourist destination, broaden its economic horizons, relieve its housing shortage, and read »
Casino news about Vietnam tends to focus on what might happen than what is actually happening. Vietnam’s young population of about 90 million with a propensity to gamble – mainly underground or across the border in Cambodia – and a rising economic trajectory makes the country very attractive to the international gaming industry, especially with read »
IEX Group, Brad Katsuyama’s controversial trading platform, won stock exchange status from the Securities and Exchange Commission on June 17th.
It was a big victory for the nascent trading platform. As an exchange, IEX will see volume surge since traders will have to execute on IEX if it has shares priced better or equal to the read »
In recent trading, shares of Las Vegas Sands Corp (NYSE: LVS) have crossed above the average analyst 12-month target price of $49.50, changing hands for $50.62/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst read »
Cotai’s first new resort in three years, Studio City, had a movie theme and its own specially commissioned film, The Audition, starring Brad Pitt, Leonardo DiCaprio, Robert De Niro and director Martin Scorsese. Cotai’s second new resort since 2012, billionaire Steve Wynn’s Wynn Palace has a floral theme, but it’s playing a movie read »
Gaming stocks have been moving higher since China’s Macau gambling district posted its first year-over-year rise in revenue in two years last month. Month-to-date, the Market Vectors Gaming ETF is up nearly 7% — and fresh off a Sept. 22 annual high. What’s more, of the nine stocks we track under the gaming umbrella, 78% are read »
Big changes in the Corporate Actions market could be afoot with Exchange Data International’s (EDI) elimination of NYSE’s June 2017 redistribution rules, as the data vendor launches a ‘like-for-like’ service claimed to be under 50% of the NYSE’s tariff. But could their disruptive efforts succeed? read »
The NFL’s 10 highest-paid players will bank a combined $296 million this season, including $36 million off the field from endorsements, memorabilia and appearances. read »
For all the bad press surrounding the NFL and the decline in ratings, the league remains a financial juggernaut. The average team is now worth $2.5 billion, with $3.2 billion in league-wide income — $500 million more than the combined earnings of teams in the NBA, NHL and MLB. read »
Financial scammers want to cash in on the Equifax credit breach. Here’s how to stop them in their tracks and protect your money. read »
With Drew’s tuition rolled back eight years, families can see a number that is both more reasonable and in line with what they will actually pay. Drew will continue to offer aid—either merit, need-based or both—to more than 70% of students, and those grants will, on average, total about $20,000. read »
Regina Miracle gains on recovery hopes read »
Oracle released a solid first-quarter earnings report after-hours on Thursday, but investors were not pleased with next quarter’s guidance. read »
If safety is atop your new-car shopping list, here’s the best of the best in terms of crash-test ratings and standard forward collision prevention. read »
The US News College list is out. Here’s why you should ignore most of it. read »
