Steve Wynn on the Economy, Jobs & Hotels

Steve Wynn, CEO of Wynn Resorts, shares his thoughts on jobs, the economy and the hotel industry. Wynn on Why Obama’s Policies Are Bad for Jobs

Econ Analysis: Jobless Claims

Oct. 22 (Bloomberg) — More Americans than forecast filed claims for unemployment benefits last week, a reminder that the labor market will be slow to recover.
Initial jobless applications rose by 11,000 to 531,000 in the week ended Oct. 17, from a revised 520,000 the prior week that were the fewest in nine months, the Labor [...]

Stock Market Repeating 1938 Bear Market Rally?

After the DJIA fell over 50% into its low in March of 1938 it started a big bear market rally. How big? It proceeded to rally 64% over the following 224 days before peaking at a level that was then not overcome until 1945. Last Friday the S&P 500 was 64% off its March low [...]

U.S. Said to Order Deep Pay Cuts at Bailed-Out Companies

Bove: Housing Market Has Bottomed

The biggest problem that banks have faced was the fall in the housing market, and this seems to have bottomed, Rochdale Securities banking analyst Richard Bove told CNBC.
“I really believe that the industry has bottomed, that we’re not going to see further crashes in home prices or in home sales,” Bove told “Squawk Box.”
Analysts are [...]

Warren Buffett on What’s Next in the Payments Industry

The “Oracle from Omaha” weighs in on what’s next in the payment industry and the economy at large. Business Wire CEO Cathy Baron Tamraz sits down with Mr. Buffett in an exclusive PYMNTS.com interview.

Cramer’s New Price Target of $300 for Apple

Apple [AAPL 198.76 8.90 (+4.69%) ] spoke those magic words during its earnings call on Monday night. And the company wasn’t talking about just its revolutionary iPhone. The consuming public can’t seem to get enough iMacs and MacBooks either. Even during the worst recession since the Great [...]

BP CEO: Dollar’s Fall Is Major Factor in Oil’s Rise

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