A number of stocks fell in the morning session after the Trump administration's announcement of new global tariffs, reignited trade policy uncertainty. The move came swiftly after the Supreme Court ruled the previous week that the president could not use the International Emergency Economic Powers Act (IEEPA) for such duties, a decision that had initially sent markets higher. However, the administration invoked a different authority, the Trade Act of 1974, to impose a 15% global tariff for up to 150 days. The rapid reimposition of trade barriers creates significant uncertainty for companies across multiple sectors that depend on international supply chains and global trade. Investors are now weighing the potential impact of these new duties on corporate earnings and broader economic activity.
In a tale of two markets, Caesars Entertainment (NASDAQ:CZR) reported a fourth-quarter earnings result that underscored a profound shift in the gaming giant’s financial architecture. While the glitz and glamour of the Las Vegas Strip showed signs of a post-pandemic "normalization"—marked by cooling hotel rates and lower
On February 17, 2026, private equity giant Blackstone (NYSE: BX) announced a definitive agreement to acquire Champions Group, a leading platform in the high-growth residential and live-event service sector. The acquisition, valued at approximately $2.5 billion, marks a strategic expansion of Blackstone’s footprint in sports-adjacent and live-event infrastructure,
Hotel and casino entertainment company Caesars Entertainment (NASDAQ:CZR)
will be reporting earnings this Tuesday after the bell. Here’s what to expect.
The high-stakes world of online gaming met a harsh reality check on Friday as shares of DraftKings Inc. (Nasdaq: DKNG) plummeted 13.4%, wiping out billions in market capitalization in a single trading session. The sell-off came despite the Boston-based operator reporting its first-ever year of positive net income in
BOSTON — In a move that left Wall Street scratching its head, DraftKings (NASDAQ: DKNG) reported a blowout fourth-quarter performance today, February 13, 2026, featuring profits that nearly tripled analyst expectations. However, the celebration was short-lived as a "conservative" and disappointing revenue guidance for the 2026 fiscal year sent shares screaming
Date: February 12, 2026Ticker: Mattel, Inc. (NASDAQ: MAT) Introduction As we enter the first quarter of 2026, Mattel, Inc. (NASDAQ: MAT) stands at a critical juncture in its decades-long history. Once viewed primarily as a plastic goods manufacturer, the El Segundo giant has successfully—if inconsistently—morphed into an intellectual property (IP) powerhouse. Following the epochal success [...]
Hospitality and casino entertainment company MGM Resorts (NYSE:MGM) reported Q4 CY2025 results topping the market’s revenue expectations, with sales up 6% year on year to $4.61 billion. Its non-GAAP profit of $1.60 per share was significantly above analysts’ consensus estimates.
IAC’s fourth quarter was marked by a year-on-year revenue decline but a modest beat on top-line consensus, while non-GAAP profit fell sharply short of Wall Street’s expectations. Management attributed the quarter’s results to rapid declines in traditional web traffic, ongoing print weakness, and the effects of AI-driven changes in digital publishing. CEO Barry Diller emphasized, “People grew digital revenue by 14%, defying the expectations of all the digital publishing doubters,” underscoring the company’s ability to deliver growth despite industry headwinds. The company’s ongoing transition toward diversified, off-platform revenue streams was cited as a key mitigator against further declines.
As of February 5, 2026, the global gaming and hospitality landscape has shifted from a post-pandemic recovery story to a battle for digital and international dominance. At the heart of this evolution is MGM Resorts International (NYSE: MGM), a legacy titan of the Las Vegas Strip that has spent the last five years aggressively pivoting [...]
Shares of hospitality and casino entertainment company MGM Resorts (NYSE:MGM)
jumped 11.5% in the afternoon session after its joint venture, BetMGM, reported better-than-expected fiscal year 2025 results, showing a significant improvement in profitability and revenue.
Despite MGM Resorts’ underperformance relative to the broader market over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.
