Broomfield, CO…This has no doubt been an incredibly challenging time. With 37 resorts spread across 15 states and three countries, we – like the rest of the world – have been closely tracking every new development related to coronavirus (COVID-19) and have been in constant contact with local health officials for guidance. Without question, our […]
New York, NY…Dow Average Has Largest Point Gain in History Reversing Most of Yesterday’s Losses. The market surged into the close during the President’s Declaration of a National Emergency and he and his team addressing the nation’s Coronavirus response.
Basel, Switzerland…Roche today announced that the U.S. Food and Drug Administration (FDA) has issued an Emergency Use Authorization (EUA) for the cobas® SARS-CoV-2 Test. It is intended for the qualitative detection of SARS-CoV-2, the virus that causes COVID-19 disease, in nasopharyngeal and oropharyngeal swab samples from patients who meet COVID-19 clinical and/or epidemiological criteria for […]
Reno, NV…Eldorado Resorts, Inc. (NASDAQ: ERI) (“Eldorado,” “ERI,” or “the Company”) announced today that it has entered into a definitive agreement to sell the Montbleu Resort Casino & Spa in Lake Tahoe, Nevada to Maverick Gaming LLC. “The agreement to divest Montbleu is consistent with our continued focus on the expected closing for the Caesars […]
Secaucus, NJ…Quest Diagnostics (NYSE: DGX), the world’s leading provider of diagnostic information services, has launched a coronavirus (COVID-19) test service. The new test service aids the presumptive detection of nucleic acid in respiratory specimens of patients meeting CDC’s clinical criteria for COVID-19 testing. Quest was in position to receive specimens for testing, and begin to […]
New York NY… The markets had one of their worst days in years and oil had its worst day since the Gulf War. Demand softening with the Coronavirus affecting airline travel and travel in general combined with a price war in crude from Russia & Saudi Arabia greased the slide. The spilled oil prices led […]
Washington, DC…Total nonfarm payroll employment rose by 273,000 in February, and the unemployment rate was little changed at 3.5 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in health care and social assistance, food services and drinking places, government, construction, professional and technical services, and financial activities. This news release […]
Washington, DC…The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. In light of these risks and in support of achieving its maximum employment and price stability goals, the Federal Open Market Committee decided today to lower the target range for the federal funds rate by 1/2 percentage […]
New York, NY…The Dow Average soared to 26,703.32 +1,293.96 (5.09%). This was the largest single day point gain in history. The NASDAQ & S&P 500 all set records as well. What tomorrow holds we will see but for now it looks as if the markets are on the road to recovery even as the Coroavirus […]
New York, NY…The financial markets have opened up slightly this morning in early trading. Traders are looking for profit opportunities and the Fed was active in repos overnight as well. Have we found the bottom? Who knows but aggressive searching for footing is underway…
