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Analyst Adjustments and Geopolitical Tensions Mark Market Activity
Stock Market News· 2025-12-02 04:38
Group 1: Analyst Ratings Adjustments - JPMorgan has significantly reduced its price target for Evoke PLC (EVOK) from 66p to 34p, indicating a nearly 50% decrease in outlook for the company [3][10] - The price target for Flutter Entertainment (FLTR, FLUT) has been lowered from 27,100p to 25,300p, reflecting cautious sentiment in the entertainment and gaming sector [4][10] - For EPR Properties (EPR), JPMorgan adjusted its target price down to $58 from $65, following a previous increase in September 2025 [5][10] - Daiwa Capital Markets has made a minor adjustment to Deere & Co (DE), lowering its target from $530 to $520 amid mixed analyst sentiments [8][10] Group 2: Geopolitical Concerns - A Taiwanese minister has warned that the ongoing tensions between China and Japan could last for another year, which may impact regional stability and trade [7][10]
Mets Owner Steve Cohen Gets Green Light for Casino in Queens
Bloomberg Television· 2025-12-01 16:56
Project Overview - Steve Cohen is building a large gambling complex in Queens, including a soccer stadium [1][2] - The project is slated to open in 2030 [2] Economic Impact - The project is expected to create 17,000 construction jobs and 6,000 permanent jobs [2] - It is projected to generate $3.9 billion in tax revenue, with $850 million in annual taxes [2] Community and Political Aspects - The project initially faced opposition from a local councilmember [4] - Community support and the borough president ultimately favored the casino [4] - Steve Cohen is credited with cleaning up the area around Citi Field [4] - A ferry service to Citi Field is under consideration to improve accessibility [5] Regulatory Approval - The project needs a gaming commission license approved by December 31 [6] - The board recommends the project as one of three sites [6] - Limited public protest suggests less pushback than anticipated [7]
X @Bloomberg
Bloomberg· 2025-12-01 05:14
Macau’s gaming revenue rose 14.4% in November, exceeding analysts’ expectation as the world’s biggest gambling hub continues to draw big bettors with perks and events https://t.co/1vlOMEvB7O ...
The 2 Best Celebrity Poker Players — According to Molly Bloom
All-In Podcast· 2025-11-27 18:03
Who's the best celebrity poker player in all the years that you saw in these games. Who is the best. >> Toby. >> Toby.>> Yeah. >> And who is the second best. >> He wants you to say Chimoth, but we we were going to carve him out.>> I mean, look, I've played with Toby for 20 years. I would have said Toby, too. I think he's he's exceptional. >> He's a grinder. He's tough.>> Yeah, he's tough. He I mean, he was the only one in the game that was tight. >> Yeah.>> I guess second would be Ben. >> Yeah, Affleck's a ...
Thanksgiving Pause: Rate Cut Hopes Fuel Global Markets as US Observes Holiday
Stock Market News· 2025-11-27 17:07
Market Overview - U.S. markets experienced a quiet day due to the Thanksgiving holiday, leading to reduced trading volumes, while global markets continued to rise on optimism regarding potential interest rate cuts by the U.S. Federal Reserve [1][8] - Major U.S. stock indices closed higher on November 26, 2025, with the S&P 500 up 0.7%, Nasdaq Composite up 0.8%, and Dow Jones Industrial Average up 0.7%, marking four consecutive sessions of gains [2] Federal Reserve Insights - The Federal Reserve's next FOMC meeting is scheduled for December 10, 2025, with a 79% probability of a quarter-percentage-point rate cut anticipated by traders [4] - The Beige Book indicated a stagnant job market and moderate inflation, with signs of softening in the labor market, further supporting rate-cut expectations [4] Corporate Developments - In the technology sector, Oracle (ORCL) shares rose by 4% following a bullish outlook from Deutsche Bank, while Nvidia (NVDA) and Microsoft (MSFT) gained 1.4% and 1.8% respectively, reflecting strong investor confidence in AI [5] - Conversely, Alphabet (GOOGL) saw a decline of 1.1%, and Deere & Company (DE) dropped 5.7% due to a negative forecast for the current year [5] - Gambling companies in the UK, including Flutter Entertainment (FLTR) and Entain (ENT), are facing challenges due to anticipated government tax increases [6][7] Upcoming Earnings Reports - The Cooper Companies (COO) is expected to report a year-over-year increase in earnings for the quarter ended October 2025 on December 4 [11] - Innocan Pharma Corporation (INNO) reported revenues of US $21.6 million for the nine months ended September 30, 2025 [11] - Wipro (WIPRO) announced a strategic alliance with the Indian Institute of Science to advance research in various AI technologies [11] - Paytm's parent company, One97 Communications, received approval from the Reserve Bank of India to operate as a payment aggregator [11] - Asian Paints (ASIANPAINT) plans to invest approximately ₹340 crore in a new paint manufacturing facility in the UAE [11] - Studds Accessories reported a 17.9% rise in quarterly profit and approved a new warehouse in Spain for European distribution [11] - Samvardhana Motherson International (SAMI) saw a 2.55% rise in intraday trading, reaching a high of ₹114.65 [11]
Red Rock Resorts: Earnings And Prospects For 2026 (NASDAQ:RRR)
Seeking Alpha· 2025-11-26 17:06
Core Insights - The Hecht Commodity Report is recognized as one of the most comprehensive commodities reports available, covering market movements of over 29 different commodities [1] - The report provides various market calls including bullish, bearish, and neutral, along with directional trading recommendations and actionable ideas for traders and investors [1][2] Group 1 - The author, Andrew Hecht, has 35 years of experience on Wall Street, specializing in commodities and precious metals [2] - The Hecht Commodity Report includes coverage of 20 different commodities, offering insights and recommendations for traders [2] Group 2 - The report aims to assist traders and investors by providing actionable ideas based on market analysis [1][2]
X @Bloomberg
Bloomberg· 2025-11-25 17:58
South Africa is considering imposing a 20% tax on online gambling to curb its rapid growth and address related social harms https://t.co/dr1gYOolMi ...
Stocks Pare Drop as Fed Rate Cut Expectations Improve
Yahoo Finance· 2025-11-25 16:17
The Conference Board US Nov consumer confidence index fell -6.8 to a 7-month low of 88.7, weaker than expectations of 93.3.The latest weekly update from ADP showed US private payrolls fell -13,500 a week, on average, in the four weeks ending November 8.The US Sep S&P CaseShiller composite-20 home price index rose +1.36% y/y, weaker than expectations of +1.40% y/y and the smallest pace of increase in more than two years.US Sep PPI final demand rose +2.7% y/y, stronger than expectations of +2.6% y/y. However, ...
Portland Trail Blazers coach Chauncey Billups pleads not guilty in underground poker games case
NBC News· 2025-11-24 20:07
Allegations of Illegal Activities - Portland Trailblazers coach Chanty Bilips 被指控与有组织犯罪团伙合作,引诱赌徒参与使用高科技手段操纵的赌博游戏 [1] - 犯罪团伙涉嫌使用高科技设备(如 X 射线设备)获取玩家的牌面信息 [1] - 犯罪团伙通过蓝牙或桌面信号传递信息 [1]
X @Bloomberg
Bloomberg· 2025-11-20 18:48
POGO is short for Philippine Offshore Gaming Operators — online gambling firms based in the Philippines but serving customers abroad, especially in China, where gambling is banned.The industry was shut down by the government in 2024 after being linked to human trafficking, financial scams and organized crime.Watch the full story https://t.co/7pH8axlOuw ...