Tag: hospitality

Opinion: Say good-bye to the Power 5; it’s now all Big Ten and SEC

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Ever since the Supreme Court ruled against the NCAA in an antitrust case in 1984 and invalidated its national television contracts, college sports programs have been realigning among athletic conferences in search of larger television contracts. Athletic conferences used to be based on geographic proximity and academic affinity. Why, after all, if schools really cared…

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Dow down more than 500 points as brutal first half comes to close

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US stocks opened sharply lower on Thursday following the release of closelywatched inflation data, while Wall Street was headed for its worst first half of the year in more than 50 years. How are stock-index futures trading? The S&P 500 dropped 72 points, or 1.9%, to 3,746. Dow Jones Industrial Average fell 509 points, or…

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Fourth of July travel: 42 million people to hit the road, despite gas prices

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Millions of Americans will be driving from sea to shining sea over the Fourth of July weekend, historically high gas prices be damned! That’s according to AAA’s Independence Day travel forecast, which expects a record 42 million people to hit the road during the holiday weekend spanning June 30 to July 4, even as national…

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Investment

This veteran money manager has seen it all. And these 19 dividend stocks pass his rigorous quality screen right now.

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Lewis Altfest’s time in the finance industry spans seven decades. He has some words of advice for investors who aren’t used to stomach-churning stock-price moves. Altfest founded Altfest Personal Wealth Management in 1983 after working as a general partner and director of research Lord Abbett & Co. Before that, he was an analyst for several…

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How can you keep up with the cost of prescriptions? Here are some ways to save.

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The cost of prescription drugs in the US can be enough to make you sick. What you pay varies enormously depending on the drug, the pharmacy, your insurance plan and your deductible, among many other factors. A drug that may have been cheap or at least affordable the last time you filled it could be…

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US investor purchase of Chelsea football club from Abramovich puzzles Wall Street

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A coterie of US investors took control of the British soccer team Chelsea FC last month – and some Wall Street insiders are still struggling to understand why. Todd Boehly – a co-owner of the Los Angeles Dodgers whose free-spending strategy over the past decade has been credited for reviving the MLB team – promised…

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You might think bearish sellers have popped the market’s bubble, but these stocks are still inflated

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Don’t expect a replay of the 2021 meme-stock short squeeze. Some investors are, given that short-sellers have boosted their bets against GameStop GME, + 2.47% and AMC Entertainment Holdings AMC, + 7.13%. In January 2021, it became increasingly difficult for short-sellers to find shares to borrow to sell short. Those who wanted to cut their…

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Investment

Opinion: ‘The stock market is not going to zero’: How this individual investor with 70 years of experience is trading the bear market

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Not many investors can claim a lifetime of stock-market success. Warren Buffett of Berkshire Hathaway BRK.A, -1.94% BRK.B, -1.39% comes to mind, of course, but what about Warren Kaplan? Who? Kaplan is an 85-year-old individual investor with 70 years of stock-trading experience. Kaplan grew up in a poor family in the Bronx, NY, but by…

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Investment

Commanders fine Jack Del Rio 100,000 for comments about Jan. 6 ‘dust-up’

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“‘People’s livelihoods are being destroyed, businesses are being burned down, no problem. And then we have a dust-up at the Capitol, nothing burned down, and we’re going to make that a major deal. I just think it’s kind of two standards. ‘” That was Washington Commanders assistant coach Jack Del Rio defending a recent tweet…

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Investment

Investors hoping to pounce on summer IPOs may be out of luck. Here’s why.

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The US initial-public-offering market is staring down another slow week, with just one small deal on tap, capping a period of little to no activity as investors eye volatile secondary markets amid high inflation, supply-chain snags and a raging war in Europe. There were just seven IPOs in May that raised an aggregate $ 1.1…

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