Investing.com -- Seaport Research downgraded MGM Resorts (NYSE: MGM) and MGM China (OTC: MCHVY) to Neutral given a slowdown in Las Vegas and limited upside after a strong run in Macau stocks, even as it raised its Macau gaming forecasts and estimates for several companies.
Macau’s casino industry has shown stronger-than-expected momentum in the second quarter, with Seaport now expecting gross gaming revenue (GGR) to grow 7% for the full year and over 9% in the second... (continue reading...)
(Reuters) -Ozzy Osbourne, frontman of 1970s heavy metal band Black Sabbath, earned his infamy biting the head off a bat on stage and pursuing a drug-fuelled lifestyle before reinventing himself as a loveable if often foul-mouthed reality TV star.
Known to fans as "The Prince of Darkness" and the "Godfather of Heavy Metal," Osbourne has died at the age of 76, the BBC reported, citing a family statement.
He kicked off his career blaring out... (continue reading...)
Investing.com -- Short-seller Blue Orca Capital announced Tuesday it has taken a short position on Nutex Health Inc., citing concerns about the company’s billing practices.
Blue Orca claims Nutex’s share price has increased more than 20 times after the company began submitting most patient bills through the arbitration process outlined in the No Surprises Act (NSA) using a third-party vendor identified as HaloMD.
According to Blue Orca, HaloMD is run by a former Las... (continue reading...)
(Reuters) -Tesla's electric vehicle registrations in California fell 21.1% in the second quarter, according to industry data, indicating growing challenges for the Elon Musk-led automaker in the crucial U.S. market.
The automaker's plunging vehicle registrations come as CEO Elon Musk's polarizing political activity puts him at odds with the liberal values dominant in the state, which has long been one of Tesla's key markets.
In the April-June... (continue reading...)
(Reuters) -Elon Musk's artificial intelligence startup xAI is working with a financier to secure up to $12 billion more for its expansion plans, the Wall Street Journal reported on Tuesday, citing people familiar with the situation.
Valor Equity Partners, an investment firm whose founder, Antonio Gracias, has close ties to Musk, is in talks with lenders to raise the capital, according to the report.
The money would be used to buy a massive... (continue reading...)
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