When people think of the players that dominate the Las Vegas Strip, their thoughts generally turn to Caesars Entertainment (CZR) – Get Free Report and MGM Resorts International (MGM) – Get Free Report, which dominate the south and central parts of the Strip. Caesars owns its namesake Caesars Palace, Harrah’s, Planet Hollywood, the Cromwell, the…
The list of collateral victims of the bankruptcy of the FTX cryptocurrency exchange continues to grow. Crypto lender BlockFi announced on November 28 that it had filed for bankruptcy due to its exposure to FTX, which had bailed out the firm during the liquidity crisis that impacted the industry in the summer of 2022. Now…
Amazon’s Kindle lineup is arguably the gold standard for e-readers. They’re lightweight, have long battery life and can hold hundreds if not thousands of books. Amazon’s entry-level Kindle recently received what amounts to be a big upgrade, without much of a price increase. Previously, the base Kindle was $89, but the 2022 version comes in…
Brace yourself, America; VinFast is on the way. The Vietnam-based electric vehicle maker is taking the slow boat to California as it sends its first batch of 999 VF 8s, the company’s 5-seater electric SUV, to America aboard the Silver Queen, a Panamanian charter ship. The Silver Queen is expected to arrive in the Golden State…
The end of 2022 could be a nightmare for Credit Suisse. The second largest Swiss bank is once again in the line of fire, with the resurgence of fears and questions about its solvency. The bank’s shares fell on November 29 to a new life-to-date low below 3 Swiss francs, to 2.9080 Swiss francs. Since…
Updated at 10:20 am EST U.S. stocks were only modestly higher Tuesday, while the dollar drifted lower against its global peers and Treasury yields stabilized, as investors looked for a change in China’s strict Covid health policies following rare weekend protests in the world’s second-largest economy. Security remains tight in major Chinese cities, however, and…
If you’re thinking of starting a new business, you might be mulling where to locate it. This could help. Harrington Group International, a business software company based in Orlando, Florida, has published a survey ranking states (and Washington, D.C.) according to where it’s best to operate a business. Harrington used nine metrics that fell into…
Updated at 10:17 am EST Tesla (TSLA) – Get Free Report investors see Elon Musk’s purchase of Twitter as having both a negative impact on the carmaker’s share price and the potential to ultimately erode its underlying fundamentals, a Morgan Stanley survey indicated Tuesday. Morgan Stanley analyst Adam Jonas, a long-time Tesla bull, noted the bank’s…
Elon Musk has built a reputation as a maverick. He has this bombastic side which sends this message to his fans and especially to his opponents: he fears nothing. They should expect him to strike back when they attack him. And rarely does he play defense. When he feels cornered, he is ready to use…
The abrupt collapse of FTX continues to reverberate through the cryptocurrency industry. While it is still very early to determine the full repercussions of Sam Bankman-Fried’s crypto empire filing for bankruptcy, it is expected that there are going to be many victims in the crypto sphere, according to industry sources. The reasoning is that FTX,…
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