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Momentum seems to be driving the stock market higher at this point as the major averages climbed for the fourth straight day and the Dow and S&P 500 hit new all-time highs on Thursday.Initial claims data came in better than expected for the week ending April 6, which also contributed to investor enthusiasm.Overall, it has been a very strong week for the market ahead of a busy schedule of earnings reports due out next week.Major AveragesThe Dow Jones Industrial Average rose 63 points, or 0.42 percent, to 14,865.The S&P 500 rose a little less than 6 points, or 0.36 percent, to close at 1,593.The Nasdaq Composite rose around 3 points, or 0.09 percent, to 3,300.Jobless ClaimsInitial claims fell to 346,000 for the week ending April 6, compared to an upwardly revised 388,000 for the week ending March 30. This was substantially better than consensus estimates which expected initial claims to decline to 365,000.Continuing claims fell from an upwardly revised 3.091 million for the week ending M...
The euro fell against the greenback on Thursday after ECB head Mario Draghi made some cautious comments on the state of the Eurozone. He said that the currency's rec...
Atlantic City casinos continued to suffer in December, reporting yet another decline in gambling revenue last month, according figures released Thursday by the New J...
Gabelli Global Multimedia Trust’s Larry Haverty and First Asset Senior Vice President John Stephenson on how investors should position their portfolios for potential fiscal cliff.
Hurricane Sandy blew a big hole in the New Jersey casino industry as the take from Atlantic City fell almost 28% to $176.6 million last month, the Division of Gaming...
Sony Corp has been approached by at least three investment banks offering to sell its battery business as the struggling Japanese group looks to offload non-core ass...
Atlantic City's casinos began opening their doors Friday after New Jersey Gov. Chris Christie on Friday rescinded an order that closed them ahead of Hurricane Sandy....
New Jersey Gov. Chris Christie on Friday rescinded an order that closed the casinos in Atlantic City last weekend ahead of Hurricane Sandy, allowing the seaside reso...
In addition to shutting down most air and ground transportation along a large swath of the eastern seaboard, Hurricane Sandy has forced the closure of Atlantic City'...
Gov. Pat Quinn has vetoed a bill that would have vastly expanded gambling in Illinois, citing concerns about lax oversight, the Associated Press reports. The bill wo...
Boyd Gaming (NYSE:BYD) swung to a profit in the second quarter.Earnings and Revenue Both EPS and revenues failed to meet Wall Street expectations as The company post...
Last quarter Boyd Gaming (NYSE:BYD) beat estimates by 2 cents per share and it is up again on Tuesday, July 24, 2012.ExpectationsAnalysts currently expect Boyd Gamin...
The Atlantic City Alliance on Friday said that it will launch a $20 million marketing push to encourage visitation to the seaside gambling resort, which has waned in...
Investors who steer clear of traditional "sin" stocks like alcohol, tobacco and firearms manufacturers may be keeping their conscience clean at the cost of more lucr...
Gerstein Fisher CIO Gregg Fisher and Gabelli Multimedia Trust Associate Portfolio Manager Larry Haverty on how to invest in this market environment.
Credit Suisse analyst Joel Simkins on gaming stocks that stand to gain from the legalization of online gambling in New Jersey.
The U.S. stock market was moderately higher on Monday as investors reacted to comments from Federal Reserve vice chair Janet Yellen, who argued the central bank need...
Boyd Gaming (NYSE:BYD) disclosed on Monday a deeper-than-expected fourth-quarter loss due to one-time charges and announced a deal to sell its Echelon site on the La...
Malaysian gambling company Genting Bhd. (3182.KU) Monday confirmed that it will buy an 87-acre property, earmarked for a project named Echelon, from casino entertain...
The online gambling market is having a really good week. Shares of gaming companies and Atlantic City casino operators ticked higher on Wednesday after New Jersey Go...
