The casinos are caught in the crosshairs of the ongoing coronavirus outbreak, but one options trader is betting that a strong earnings report from Wynn could right the ship. The gaming giant comes into Thursday afternoon’s report down nearly 4% in 2020 despite a 5% run higher over the last week. However, if the bulls are right, Wynn could be on the verge of flipping the script in 2020. One trader is taking the other side of that bet, though, and sees a strong earnings report doing much more for

RJ Barrett #9 of the New York Knicks shoots the ball dunks the ball against the Detroit Pistons on November 6, 2019 at Little Caesars Arena in Detroit, Michigan. The New York Knicks are looking to hire top agent Leon Rose as president of basketball operations, ESPN reported. The Knicks fired Steve Mills as team president on Tuesday. Before Mills’ dismissal, Knicks owner James Dolan was already considering naming an agent as a team executive, league sources told ESPN. Read more about the potentia

Global oil demand will peak around 2040 – or “much sooner” – the International Monetary Fund (IMF) said in a new report on the future of oil. “Growth of global oil demand will significantly decelerate, and its level could peak in the next two decades,” the IMF said in its report entitled, “The Future of oil and fiscal sustainability in the GCC Region,” published Thursday. The IMF said analysis of past oil market developments revealed “a strong and sustained declining trend in the global oil dema

The guy turned out to be Seth Phillips, known from the comedic Instagram account Dude With Sign, who teamed up with “Million Dollar Listing” star Ryan Serhant to promote Serhant’s free year in New York City contest. Bencheghib had won, and Phillips and Serhant had flown out to California to personally surprise him with the news. “He had a lot of heart, big goals and a very clear plan for what he wanted to do when he got to New York City. He was going to figure out how to come to New York City an

Volunteers consult a map of Iowa with divided target voter zones at a field office for Democratic Presidential candidate Bernie Sanders on February 1, 2020 in Waterloo, Iowa. Mark Makela | Getty ImagesDemocratic National Committee Chairman Tom Perez called on Thursday for an immediate “recanvass” of Iowa as concerns mounted about the integrity of the results from Monday’s first-in-the-nation nominating contest in the state. Perez’s tweet came hours after The New York Times said that its analysis

Sonos CEO Patrick Spence told CNBC on Thursday that the speaker maker’s decision to sue Google over patent infringement was born of necessity. “I’m not going to sit idly by because there’s real value” in our patented technology, Spence said on “Squawk Alley.” Sonos sued Google in early January for patent infringement, arguing the search engine giant used technology developed by Sonos that allows smart speakers to wirelessly play music across different rooms. In particular, the lawsuit claims Goo

Marc Romanelli | The Image Bank | Getty ImagesThrough a friend, Miller learned of professional daily money managers. The profession of daily money managers is small, with the exact number of people in the business hard to come by. The American Association of Daily Money Managers has about 700 members — all of whom must agree to a background check — scattered across the U.S., with a few in Canada. The cost for a daily money manager ranges from about $75 to $150 an hour, depending on location and

In a Facebook post, Sun, founder of the Tron cryptocurrency platform, said he and several of his guests had an “Amazing dinner w/ Warren Buffett finally!” Cryptocurrency entrepreneur Justin Sun finally got his $4.5 million charity auction dinner with Warren Buffett last month. Justin Sun had a charity dinner with Warren Buffett along with Sun’s guests. Thks Warren Buffett for taking us to Happy Hollow Club! Sun’s $4.5 million bid was the winner in the 2019 auction of a meal with Buffett.

While spending across traditional gyms, boutique studios and on-demand streaming fitness combined grew just over 5% last year, on-demand fitness spending jumped nearly 59%, according to Cardlytics. On-demand offerings, which include Beachbody, Gaia, Peloton, Daily Burn, and Forte, to name just a few, still make up just 6% of total fitness spending, while traditional gyms, like Planet Fitness, Golds Gym, LA Fitness, Crunch, and Anytime Fitness still lead with 72% of the market. On-demand is also

The video game company reported $433 million in bookings for the period, topping a consensus expectation of $418.1 million, according to FactSet. The company reported $1.22 in adjusted earnings per share and $7.713 billion in revenue. Analysts expected $1.21 in earnings per share and $7.661 billion in revenue, according to Refinitiv. Peloton – Shares of the fitness equipment maker slid more than 9% after the company reported widening losses and slowing revenue growth in the second quarter. Caspe

Comedian and actor Kevin Hart was the highest-paid stand-up comedian in 2019, making $59 million, according to Forbes. That does’t mean committing to more balance has been easy for Hart: “I’m addicted to the f—ing work,” he told Men’s Health. Hart was ranked the highest-earning stand-up comedian and one of the highest-paid entertainers in 2019 by Forbes. In addition to his career as a stand-up comedian, Hart has starred in hit movies, like “Ride Along,” “Jumanji: Welcome to the Jungle” and “Ni

Do you dream of buying a home but feel ownership is out of reach? Now, the realities of paying off increasing levels of debt and saving for a once-in-a-lifetime trip are replacing it. Some 81% of Americans currently renting are prioritizing at least one other financial goal over home ownership, according to the latest ING International Survey. Raising a family, paying off student loan debt and spending on experiences like travel seem more realistic for many than buying a home, ING reports. At th

But in the ’90s, Sara Blakely hid her fledgling shapewear company Spanx from even those closest to her for a different reason. “When I started Spanx,” Blakely said in a LinkedIn post on Thursday, “I kept the idea from my friends and family for a year knowing that out of love, they might prevent me from taking a risk.” Blakely only discussed her business with the people she needed to bring Spanx to market, which was her patent lawyers and manufacturers. So I needed to be at the place where I knew

Here’s a comforting fact as the market grapples with the coronavirus: Your 401(k) plan is pretty resilient. In 2016, the Zika virus, linked to birth defects in the babies of mothers infected while pregnant, tore through Latin America, the Caribbean and the U.S. The deadly Ebola virus that broke out two years later dragged global stocks down more than 7%. As cases of the swine flu rose in 2009, so did stocks.The coronavirus has triggered similarly nonsensical market movements. Staying calm amid a

A SpaceX Falcon 9 rocket lifts off from Cape Canaveral Air Force Station carrying 60 Starlink satellites on November 11, 2019 in Cape Canaveral, Florida. The Starlink constellation will eventually consist of thousands of satellites designed to provide world wide high-speed internet service. The move would take the fledgling satellite division of Elon Musk’s space company and stand it up as a separate company through an initial public stock offering. “Right now, we are a private company, but Star

Google faces yet another investigation by a U.S. government agency. The U.S. International Trade Commission (USITC) disclosed an investigation into Google and its parent company Alphabet Thursday, following a complaint from Sonos that Google imported patent-infringing products. In its complaint to the USITC, Sonos alleged Google violated section 337 of the Tariff Act of 1930 by importing into the U.S. and selling audio products and controllers that it said infringe certain patents. Sonos filed s

Many illegal immigration opponents have long scorned wealthier, non-border state Americans who support more open borders as being in a bubble. Many illegal immigration opponents have long scorned wealthier, non-border state Americans as being in a bubble. Those tax changes capped many of the State and Local Tax (SALT) deductions high-earning blue state residents long relied on to offset their overall federal tax bills. Instead of reducing their tax rates, many of those blue states went to court

Young retail investors rushed into Tesla stock as it surged to new highs this week. Traders on SoFi Invest — a stock and ETF investing platform used mostly by millennials age 25 to 40 — bought 20 times the amount of Tesla stock this week relative to history. The retail mania came as Tesla stock surged to record highs. There were also record SoFi investors buying Tesla in fractions of a share. This week saw the most users buying a Tesla “stock bit” of a security in the platform’s history.

Methylcellulose, a tasteless powder widely used as a food additive and as a thickener in cosmetic products, is listed on the ingredient labels of plant-based meat products made by both Beyond Meat and Impossible Foods. Impossible Foods strikes backImpossible Foods retaliated by releasing its own parody of the advertisement: a spelling bee contestant being tasked by the judge, played by Impossible Foods CEO Pat Brown, to spell the word “poop,” saying, “There’s poop in the ground beef we make from

WASHINGTON — President Donald Trump on Thursday celebrated his impeachment acquittal by excoriating Democrats and Mitt Romney, the only GOP senator to vote to remove him from office. House Speaker “Nancy Pelosi is a horrible person,” Trump said, calling both Pelosi and House Intelligence Committee Chair Adam Schiff “vicious.” Earlier Thursday, Trump spoke at the annual National Prayer Breakfast, where he offered attendees, including Pelosi, a preview of his midday remarks. Back at the White Hous