Casino stocks with exposure to Macao took a nosedive on Tuesday after a few announcements from the government. One was that COVID-19 cases are on the rise in the Chinese province of Fujian and that could result in fewer visitors to Macao. More concerning is potential government restrictions on gambling in the region, which could turn gambling stocks from steady growth stocks to risky bets overnight.
The impact was swift on the stock market. Shares of Wynn Resorts (NASDAQ:WYNN) fell as much as 13.8%, Las Vegas Sands (NYSE:LVS) dropped 13.9%, and Melco Resorts &....More>>>
The video could add new fuel to charges leveled by Trump and some on the political right that Google is biased against conservatives. Google says it doesn’t rank search results to manipulate political sentiment.
“Most people here are pretty upset and pretty sad because of the election,” Google co-founder Sergey Brin says as the all-hands meeting begins. “Myself, as an immigrant and a refugee, I certainly find this election deeply offensive and I know many of you do, too. And I think it’s a very stressful time and it conflicts with many of our values.”