The sale is expected to be completed

The sale is expected to be completed early in the first quarter of 2023. VICI Properties, which owns properties such as the Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, expects the deal to be immediately add to adjusted funds from operations per share upon closing.

Stocks finished mixed ahead of Friday’s jobs report, the Fed’s top inflation gauge cools, Sam Bankman-Fried speaks out. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Separate accounts managed according to the particular Strategy may include securities that may not necessarily track the performance of a particular index. There is no guarantee that any investment strategy will work under all market conditions, and each investor should evaluate their ability to invest for the long-term, especially during periods of downturn in the market.

Oil moves higher ahead of OPEC+ meeting

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Stocks mixed as Salesforce drags Dow down

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The stake sale in the two Las Vegas resorts will generate a profit of more than $700 million for Blackstone in less than three years, including rent from the operator, the Wall Street Journal, which first reported the deal said. Blackstone Inc will sell its 49.9% stake in the joint venture that owns the MGM Grand Las Vegas and Mandalay Bay resorts to co-owner VICI Properties Inc for about $1.27 billion in cash, the companies said on Thursday. Fiscal third quarter net revenue decreased 1.3% to $371.0 million. Five Below topped Wall Street revenue and profit estimates, sending shares higher. Denise George, the territory’s attorney general, on Wednesday said the estate will pay $105 million in cash plus half the proceeds from the sale of Little St. James, a private island where Epstein lived and allegedly conducted many crimes. Bloomberg, citing people with knowledge of the situation, said the company is working with longstanding advisors Moelis & Company and law firm Paul Weiss Rifkind Wharton & Garrison.

The uni-channel retailer of casual clothing, accessories, footwear and home products missed Wall Street revenue and profit estimates. Daniel Weiner, a lawyer for the estate, said there was no admission of liability, and the estate’s executors Darren Indyke and Richard Kahn denied wrongdoing. Indyke and Kahn had been longtime business advisers EBAY to Epstein. Standard & Poor’s downgraded Party City last month on worsening macro conditions and tightening liquidity. Patronis accused BlackRock of focusing on ESG rather than higher returns for investors. Quotes displayed in real-time or delayed by at least 15 minutes. Powered and implemented byFactSet Digital Solutions.Legal Statement.

ECONOMY US manufacturing sector contracts in November for first time since 2020 The U.S. manufacturing sector shrank in November for the first time since 2020 as higher interest rates sapped demand for goods, according to an ISM survey. The work management platform topped Wall Street estimates but lowered its fiscal 2023 forecast. POLITICS Florida divesting $2 billion from BlackRock https://dotbig.com/ over firm’s ESG push Florida is the latest state to announce that it is pulling funds from investment giant BlackRock over the firm’s environmental, social and governance push. A Fed rate-hike cycle never hit stocks this hard before. Research A Deep Dive on the Water Crisis Feb 14, 2022 Water scarcity is one of the most complex and costly sustainability issues of our time.

No OPEC+ oil shakeup as Russian price cap stirs uncertainty

The rate for a 15-year mortgage, popular with those refinancing their homes, edged down to 5.76% from 5.90% last week. Economic activity in the manufacturing sector contracted dotbig in November for the first time since May 2020 after 29 consecutive months of growth, say the nation’s supply executives in the latest Manufacturing ISM Report on Business.