Leisure Trouble at Home? Why This Investor Dumped $52 Million in MGM Stock
Key PointsNew York City-based HG Vora Capital Management sold 1.5 million shares of MGM for an estimated $51.6 million in the third quarter.
Disney-YouTube TV deal shows how streamers are increasingly flexing their muscle
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‘A national security problem and a homeland security problem’: The world targets Southeast Asia’s notorious scam centers
Southeast Asian governments and businesses have been rocked by a renewed focus on the region’s notorious scam centers, compounds where workers—often themselves victims of human trafficking—try to defraud individuals in wealthier economies like Singapore and Hong Kong. In mid-October, the U.S. and UK slapped sanctions targeting individuals and entities within the Cambodia-based Prince Group, which […]
Stocks Settle Mixed as Fed Comments Suggest a Rate Cut Pause
The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.65%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.06%. December E-mini S&P futures (ESZ25 ) fell -0.02%, and December E-mini Nasdaq futures…
Cattle Bouncing into the Weekend
Live cattle futures are showing Friday gains of a quarter to $1.25 at midday. Light cash trade has been reported this week in the North at $225-227, with $228 reported in the South. Feeder cattle futures are showing a bounce to close out the week, up $1 to $2.05. We…
Hogs Pushing Higher on Friday
Lean hog futures are back up 40 to 70 cents on Friday. USDA’s national base hog price from Friday morning was not reported due to thin volume. The CME Lean Hog Index was down another 3 cents on November 12 at $88.83. USDA’s pork carcass cutout value from the Friday…
Cocoa Prices Undercut by Possible US Tariff Cuts and Ample Global Supplies
December ICE NY cocoa (CCZ25 ) on Friday closed down -200 (-3.64%), and December ICE London cocoa #7 (CAZ25 ) closed down -37 (-0.90%). Cocoa prices extended this week’s sell-off on Friday and posted 1.75-year lows on the nearest-futures chart. Expectations of possible tariff cuts are weighing on cocoa prices…
Nat-Gas Prices Fall on a Larger-Than-Expected Build in Weekly Storage
December Nymex natural gas (NGZ25 ) on Friday closed down by -0.080 (-1.72%). Dec nat-gas prices retreated on Friday due to a larger-than-expected build in weekly nat-gas storage. The EIA reported Friday that nat-gas inventories rose +45 bcf for the week ended November 7, higher than expectations of a +34…
Dollar Gains and Gold Plunges as Fed Rate Cut Expectations Fall
The dollar index (DXY00 ) rose by +0.13% on Friday as it recovered from Thursday’s 2-week low. The dollar moved higher on Friday, following hawkish comments from Kansas City Fed President Jeff Schmid and Dallas Fed President Lorie Logan, who argued against additional Fed rate cuts. The dollar fell back…