Flush from their unexpected victory in second-round elections, France’s leftist parties have been united in rejecting President Emmanuel Macron. But as the motley Nouveau Front Populaire (NFP) alliance seek to form a minority government, its parties are scrambling to keep unity and overcome divisions — not least over the role of far-left firebrand Jean-Luc Mélenchon. …
MGM MGM Resorts International $43.52 +0.48 (+1.12%) (As of 02:23 PM ET) 52-Week Range $34.12 ▼ $51.35 P/E Ratio 16.74 Price Target $54.66 Casino stocks are the proverbial “rough neighborhood” in 2024, with the major players like Las Vegas Sands Co. NYSE: LVS and Wynn Resorts Ltd. NASDAQ: WYNN trading down 14.4% and 9.22%, respectively. The…
Hedge funds increased their bearish bets against gasoline prices to the highest in seven years after this year’s summer driving season has delivered only tepid demand so far. Money managers’ short-only positions in gasoline rose by 5,093 lots to 36,729 lots in the week ended July 2, according to the Commodity Futures Trading Commission. That’s…
Charles Luke, Investment Manager, Murray Income Trust PLC Many people in their sixties today can expect to enjoy 20 years or more in retirement. Their plans have become more ambitious, with far-flung travel, entrepreneurship, or extreme adventure on their bucket lists. However, the challenge is paying for it and the models that worked for previous…
If there’s one key data point many CEOs and data wonks take seriously above all else, it’s typically monthly inflation numbers. The most recent numbers for the Consumer Price Index (CPI) show that prices in May ticked up 0.3% from April. The CPI increased 3.3% on a 12-month basis, about 0.1% less than expectations, indicating…
Every once in a while, the Federal Reserve has to step aside from its primary function of keeping markets safe and employment running strong – without too much inflation – to ensure banks are doing okay. What’s called the Fed’s “stress test” ended last week, and despite some concerns about the state of consumer credit,…
TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission. In case you haven’t heard, Target Circle Week is happening now until July 13 with new deals dropping each day. To kick off the massive sale, tons of patio furniture are…
Despite their recent struggles, these three industry giants hold the promise of significant upside. With favorable consensus price targets and ratings, attractive P/E valuations, solid earnings growth projections, and some highly attractive dividend yields, they present a hopeful picture for income and value-oriented investors. Let’s delve into these stocks that, despite their recent setbacks, might…
6 min read Last Updated : Jul 09 2024 | 1:02 AM IST For a year, Tathagat Awatar woke up at dawn and spent the next six hours confined to his room looking at his laptop screen. After a quick lunch, he would get back to his screen for another six to seven hours. The…
It’s hurricane season in Florida and the Caribbean, and the damage has started earlier than usual. Hurricane Beryl has become the earliest category 3 or higher storm to ever hit, and it’s a bad sign for a period that many expect will contain more named storms than any year since storms have been named. Booking…