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Illinois Senate passes gambling bill with Chicago casino

A bill that would allow five new casinos, including one in Chicago, plus betting games at horse-racing tracks, Midway and O`Hare airports was approved by the Illinois State Senate Wednesday.

  • Gayle King confronts the truth about CBS colleague and friend Charlie Rose
    Celebrity
    Quartz at Work

    Gayle King confronts the truth about CBS colleague and friend Charlie Rose

    As celebrated television talk show host and “CBS Morning News” anchor Charlie Rose defended himself against allegations of sexual harassment, his morning show co-anchors, Gayle King and Norah O’Donnell, were left to dissect the fallout with viewers. O’Donnell was all business, stoic as she issued a strong statement (beginning at 0:14 in the video above) about the swelling tide of allegations against powerful men in the workplace. “This is a moment that demands a frank and honest assessment about where we stand and, more generally, the safety of women,” she said. “Let me be very clear, there is no excuse for this alleged behavior. It is systematic and pervasive. … [W]omen cannot achieve equality

  • Bitcoin Falls After $31 Million Theft of Cryptocurrency Tether
    Business
    Bloomberg

    Bitcoin Falls After $31 Million Theft of Cryptocurrency Tether

    Bitcoin fell the most in a week after the company behind cryptocurrency tether reported a $31 million theft. The amount was taken from the Tether Treasury wallet on Nov. 19 and sent to an unauthorized bitcoin address, according to an announcement on the company’s website posted on Tuesday. Bitcoin dropped as much as 5.4 percent, the most since Nov. 13.

  • Finance
    24/7 Wall St.

    Toyota Warns US Workers: Build Camry for Less, or Else

    Toyota Motor Corp. (TM) opened its first U.S. plant in 1988 in Georgetown, Kentucky. Now Toyota is threatening to move Camry production unless the plant quickly cuts costs. The video made the point that Toyota could build a Camry in Japan, ship it to Kentucky, and sell it for a bigger profit than it could by selling a car built in the state.

  • Best Dividend Stock Picks
    Business
    Simply Wall St.

    Best Dividend Stock Picks

    Exxon Mobil is one of the ten dividend stocks that can help raise your investment income by paying sizeable dividends. A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/South America, Europe, Africa, Asia, and Australia/Oceania.

  • Chesapeake Energy Corporation Could Be Setting up for a Big Breakout
    Business
    InvestorPlace

    Chesapeake Energy Corporation Could Be Setting up for a Big Breakout

    Chesapeake Energy Corporation (NYSE:CHK) has been under pressure all year, down more than 40% in 2017. Let’s see what CHK stock price is doing and then dig into some of those numbers. If CHK stock price can breakout over $4, it could breathe new life into the name.

  • Apple’s new ad is a clever comeback to Microsoft CEO Satya Nadella’s iPad putdown
    Business
    Quartz

    Apple’s new ad is a clever comeback to Microsoft CEO Satya Nadella’s iPad putdown

    Satya Nadella, CEO of Microsoft, made the quip two weeks ago after spotting two reporters using iPads during a press event in India. The CEO has been on tour with his new book Hit Refresh, which describes how he has thus far changed Microsoft’s culture to embrace a “growth mindset,” one that’s about learning, not already knowing. Only three years into the job, he has also reworked the company’s mission statement so that it better reflects a brand devoted to ubiquitous computing intelligence, rather than computer hardware or software, per se.

  • How Much Will Medicare Cost You in 2018?
    Business
    Motley Fool

    How Much Will Medicare Cost You in 2018?

    Each year, healthcare costs tend to rise, and that typically results in increases in many of the costs Medicare recipients have to pay. Specifically, Medicare sets its premiums, deductibles, coinsurance payments, and other expenses based in part on its own cost experience. Let's look at some of the changes that will take effect for Medicare in 2018.

  • Krugman Says GOP Using 'Junk Model' for Tax Plan
    Politics
    Bloomberg Video

    Krugman Says GOP Using 'Junk Model' for Tax Plan

    Nov.20 -- Nobel laureate Paul Krugman, distinguished professor of economics at the Graduate Center, City University of New York, discusses the GOP's tax overhaul plan with Bloomberg's Abigail Doolittle, Julia Chatterley and Joe Weisenthal on "What'd You Miss?"

  • A 30-Year-Old Analyst Is Taking on a Pipeline Billionaire
    Business
    Bloomberg

    A 30-Year-Old Analyst Is Taking on a Pipeline Billionaire

    Kevin Kaiser was on an airplane this summer, staring into his laptop, when he came up with the idea for taking on billionaire pipeline magnate Kelcy Warren. He was scrutinizing a nearly year-old prospectus for Sunoco Logistics Partners LP’s acquisition of Energy Transfer Partners LP, an agreement that merged two parts of Warren’s energy empire. For months, the 30-year-old Hedgeye Risk Management LLC analyst had heard clients complain that the deal -- along with a host of other Energy Transfer moves -- enriched Warren but did little to benefit Energy Transfer Partners unitholders, Kaiser said in an interview. Reading the prospectus, Kaiser realized Energy Transfer Partners investors could band

  • Politics
    Fortune

    Report: H.R. McMaster Said Trump Has Intelligence of a ‘Kindergartner’

    At a private dinner, National Security Advisor H.R. McMaster reportedly mocked Trump's intelligence, stating that his intelligence was comparable to a "kindergartner." Citing five sources, BuzzFeed reports that during the same conversation he also reportedly called the President an "idiot" and a "dope." A spokesperson for the National Security Council said the story was “false”. Another source said that this wasn't the first time McMaster has called Trump's intelligence into question, citing a separate event where he suggested that Trump was not capable of understanding the issues the National Security Council deals with.

  • The ‘VIX Elephant’ Is Due to Stampede the Market
    Finance
    Bloomberg

    The ‘VIX Elephant’ Is Due to Stampede the Market

    An options behemoth that’s been betting on a modest rise of the Cboe’s VIX index -- and traded 3.15 million contracts so far this year -- may roll over a huge position today or later this week based on trading patterns going back to July, Pravit Chintawongvanich, head of derivatives strategy at Macro Risk Advisors, wrote in a note. Rolling the trade over -- closing the old legs and refreshing the new ones -- would likely include more than 2 million contracts, around three times the average daily volume of VIX options, according to Cboe data of the past 20 sessions. The trader, who Chintawongvanich has dubbed the “VIX Elephant,” has bought 262,500 December VIX puts with a strike price of 12 and is long a VIX call spread that profits if December futures contracts expire between 15 and 25 -- selling 525,000 VIX calls with a strike price of 25 and purchasing 262,500 VIX calls with a strike price of 15.

  • Charlie Rose Responds to Suspension by CBS, PBS, and Bloomberg Over Sexual Harassment Allegations
    Business
    Fortune

    Charlie Rose Responds to Suspension by CBS, PBS, and Bloomberg Over Sexual Harassment Allegations

    CBS This Morning anchor Charlie Rose, who has also hosted a long-standing interview show distributed by both PBS and Bloomberg, was suspended by all three companies on Monday after The Washington Post reported allegations of sexual harassment by eight women. “It is essential that these women know I hear them and that I deeply apologize for my inappropriate behavior,” Rose said in a statement posted to his Twitter account. Rose is also contributor to CBS acclaimed Sunday evening newsmagazine 60 Minutes.

  • AT&T and Time Warner’s Words May Come Back to Haunt Them
    Finance
    Bloomberg

    AT&T and Time Warner’s Words May Come Back to Haunt Them

    The Justice Department is citing some surprising authorities in its lawsuit to stop AT&T Inc. from buying Time Warner Inc.—namely the companies themselves. Time and again, the complaint quotes from statements and filings by AT&T and Time Warner to make the government’s case that the $85 billion merger would be bad for customers. The Justice Department strategy puts AT&T and Time Warner in the tricky position of having to explain that while, yes, they did write or say those words, they don’t imply what the government says they imply.

  • The market is nearing a crucial turning point that could crush stocks
    Business
    Business Insider

    The market is nearing a crucial turning point that could crush stocks

    Societe Generale says a 10-year Treasury yield above 2.5% could result in a US equity sell-off. If the yield for the 10-year benchmark note climbs above the crucial threshold of 2.5% that could start working against US stocks that are already close to the most expensive since the dot-com bubble, according to strategists at Societe Generale. Treasurys reaching that level would imply 7% downside for US equities, while an increase to 2.75% could translate to a 15% drop, Societe Generale data shows.

  • Broadcom eyes big changes for Qualcomm's patent practices
    Business
    Reuters

    Broadcom eyes big changes for Qualcomm's patent practices

    By Stephen Nellis and Liana B. Baker SAN FRANCISCO (Reuters) - As part of its $103 billion bid to buy Qualcomm Inc, Broadcom Ltd has hinted that it would make big changes to Qualcomm's patent licensing business, a major cash-cow for the company but a source of bitter conflict with regulators and key customers including Apple Inc. But Broadcom has given few details about how it would go about revising Qualcomm's practices. Qualcomm has so far rejected Broadcom's takeover offer, saying the offer undervalued the company and would face regulatory hurdles.

  • Yellen resigns as Fed chair
    Business
    Fox Business Videos

    Yellen resigns as Fed chair

    Forbes Media Chairman Steve Forbes and Moody’s Chief Economist John Lonski react to Federal Reserve Chair Janet Yellen announcing she is stepping down from her role at the top bank.

  • Lifestyle
    Investopedia

    5 Money Decisions You Might Regret Later in Life

    The room for error in most money decisions can leave you feeling pressured to make all the right moves now. The good news is we can learn from other people’s experiences to help us make better choices today so we don’t end up saddled with regrets about

  • White House Says Trump Doesn't Really Think He Should Have Left the UCLA Players in Jail
    Politics
    Time

    White House Says Trump Doesn't Really Think He Should Have Left the UCLA Players in Jail

    White House Press Secretary Sarah Huckabee Sanders said that President Trump doesn’t really believe he should have left the UCLA basketball players incarcerated in China, despite his Sunday tweet expressing that exact sentiment. On Sunday, President Trump tweeted, “Now that the three basketball players are out of China and saved from years in jail, LaVar Ball, the father of LiAngelo, is unaccepting of what I did for his son and that shoplifting is no big deal.

  • Exclusive: Saudi prince detention holds up loan to investment firm - sources
    Business
    Reuters

    Exclusive: Saudi prince detention holds up loan to investment firm - sources

    Kingdom Holding's plan to borrow money to fund new investments has stalled because owner Prince Alwaleed bin Talal has been detained in Saudi Arabia's anti-corruption crackdown, according to four banking sources familiar with the matter. Kingdom had approached banks to obtain the loan, but the financing plan has been held up because the lenders are worried about potential repercussions if they lend to the prince's company, the sources said. One of the sources, who was approached for the loan, said it would have been worth roughly 5 billion riyals ($1.3 billion).

  • Business
    Benzinga

    Bill Ackman: Fannie, Freddie Have Increasing Odds Of A Positive Resolution

    Bill Ackman is as bullish as ever on Federal National Mortgage Association (OTC: FNMA) and Federal Home Loan Mortgage Corp (OTC: FMCC), but the two stocks' trading action this year suggests the market isn’t convinced. Fannie Mae and Freddie Mac stocks are trading lower by roughly 30 percent each in what has been an exceptionally strong U.S. stock market this year.

  • Exclusive: U.S. agency to vote to repeal 'net neutrality' rules - FCC chief
    Politics
    Reuters

    Exclusive: U.S. agency to vote to repeal 'net neutrality' rules - FCC chief

    The chairman of the Federal Communications Commission on Tuesday unveiled plans to repeal a landmark 2015 order that barred internet service providers from blocking or slowing down consumer access to web content, and said the regulator will prevent states and cities from adopting similar protections. FCC chief Ajit Pai, a Republican appointed by President Donald Trump in January, said the commission will vote at a Dec. 14 meeting on rescinding the so-called net neutrality rules championed by Democratic former President Barack Obama that treated internet service providers like public utilities. Trump, a Republican, expressed his opposition to net neutrality in 2014 before the regulations were even implemented, calling it a "power grab" by Obama.

  • How to Quickly Estimate Your Social Security Payment at Various Ages
    Lifestyle
    Motley Fool

    How to Quickly Estimate Your Social Security Payment at Various Ages

    Deciding when to begin receiving Social Security is a personal decision, but that decision shouldn't be made without a clear understanding of the pros and cons associated with claiming early, on time, or late. A lot goes into figuring out how much money

  • AMD Processor Powered Hewlett Packard Servers Set Record
    Business
    Zacks

    AMD Processor Powered Hewlett Packard Servers Set Record

    Advanced Micro Devices Inc. AMD recently announced that Hewlett Packard Enterprise’s HPE new ProLiant DL385 Gen10 server, which is powered by AMD’s EPYC processor has set new records across SPECrate2017_fp_base and SPECfp_rate2006.Notably, HPE Cloudline

  • Two very different photos show why the US can't process mass shootings
    News
    Quartz

    Two very different photos show why the US can't process mass shootings

    At first glimpse, the Reuters photo above is acutely mundane. Taken outside the First Baptist Church in Sutherland Springs,Texas, it shows a law enforcement officer securing a fence around the site of a shooting rampage that left 26 dead earlier this month. There are plenty of reasons to erect a fence. It’s a crime scene. It begs modesty. It’s a buffer against pain. But I would argue that this photo defies those explanations. Why? Because the image itself is quirky, the “split screen” effect a little artsy. The officer’s body language could be mistaken for someone craning for a view. Mostly though, it’s because the angle floats us, the viewers, above the partition—making the the photo less about

  • Business
    TheStreet.com

    What's the Right Price to Buy a Battered GE?

    has been in a free fall and I'm asked where a good place for a buy entry might be, I look at Fibonacci time and price parameters to help me identify where this might be. On the weekly chart below, I have found a standout support decision where I can define my risk on the buy side.