Wynn Resorts Stock Rises as Billionaire Investor Tilman Fertitta Increases Stake
Shares of Wynn Resorts advanced Thursday as billionaire and top stakeholder Tilman Fertitta purchased more shares.
Shares of Wynn Resorts advanced Thursday as billionaire and top stakeholder Tilman Fertitta purchased more shares.
Cathie Wood is bullish on a low cost Tesla model, as well as the company's coming robotaxi project due to launch this year.
U.S. consumer confidence continued its sharp 2025 decline as Americans’ views about their financial futures slumped to a 12-year low, driven by rising anxiety over tariffs and inflation. The Conference Board reported Tuesday that its consumer confidence index fell 7.2 points in March to 92.9, the fourth straight monthly decline and its lowest reading since January of 2021. The reading was short of analysts expectations for a reading of 94.5, according to a survey by FactSet.
KB Home shares slumped Tuesday, a day after the homebuilder posted worse-than-expected results and cut its guidance as hesitancy by potential buyers reduced demand.
Shares of Oklo fell Tuesday morning after the nuclear energy startup reported its latest financial results, giving back some of the stock's Monday gains.
European sales of Tesla electric vehicles tumbled 49% in the first two months of the year compared with a year earlier even as overall sales of EVs grew, according to the European Automobile Manufacturers' Association. There have been complaints about an aging lineup of vehicles from Tesla and also a significant backlash against CEO Elon Musk and his affiliation with the Trump administration in the U.S. In Europe, Musk's endorsement of Germany's far-right Alternative for Germany party in last month's national election drew broad condemnation. On Tuesday, BYD reported a record 777.1 billion yuan ($107 billion) in revenue for 2024 as sales of its electric and hybrid vehicles jumped 40%.
Tariff moves continue to remain front and center for investors.
Dubai's Emirates NBD bank is teaming up with BlackRock to offer its wealth management clients opportunities to access alternative asset classes, with a focus on private markets, it said in a statement on Tuesday. Both firms have signed a Memorandum of Understanding to establish an investment platform for the United Arab Emirates (UAE) wealth management market, which will initially focus on private credit and multi-alternatives. Private markets, including both equity and credit markets, are less liquid but also promise higher returns than listed securities.
Software is rapidly reducing operating expenses for businesses. The undeniable tailwinds fueling the industry have also led to strong returns for SaaS stocks lately as they’ve gained 10.3% over the past six months. Investing here would have been wise - at the same time, the S&P 500 was flat.
Small-cap stocks can be incredibly lucrative investments because their lack of analyst coverage leads to frequent mispricings. However, these businesses (and their stock prices) often stay small because their subscale operations make it harder to expand their competitive moats.