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As U.S. Fights Today's Problems, Tomorrow's Inflation Starts to Stir

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You have to be in it to win it, as the old lottery come-on goes. What the buzz these days seems to be more about is striking it rich by trading penny stocks, options, and especially cryptocurrencies, even though the Mega Millions and Powerball lottery combined jackpots are closing in on $1.5 billion.
Bullish sentiment, as depicted by Citi’s Panic/Euphoria gauge, is nearly off the charts. It’s also reflected in the surge in bullish call-option buying, which registered the second-highest volume on record on Thursday, Doug Kass,.
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You have to be in it to win it, as the old lottery come-on goes. ....

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1.2 Million Americans Filed for Jobless Benefits Last Week

10 American Billionaire Families Spent $165 Million Trying to Re-Elect President Donald Trump in 2020
That is according to a new study from Americans for Tax Fairness. The late Sheldon Adelson and his wife, who are by far the wealthiest of those billionaires, thanks to their large stake in the
Las Vegas Sands Corp
oration, spent $90 million, while the other nine spent a total of $75 million. Most campaign spending was done through affiliated super PACs, rather than via direct contributions to candidates or party organizations.
The biggest spenders after the Adelsons were the Perlmutters, who sold Marvel Enterprises to
Walt Disney.
They spent $21 million, followed by the McMahons of ....

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Cash In Now on Penn National, One Analyst Says, as Red Flags Abound After Sharp Rally

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Penn National, with a host of regional casinos, isn’t as beholden to Las Vegas as other gambling companies are. Here, Penn National’s Tropicana Las Vegas property late last year.
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Penn National Gaming’s
stock has been on a tear as the company’s regional properties held up well during the pandemic. One analyst thinks it’s now time to bail out.
Penn National Gaming (ticker: PENN) operates casinos and other properties in many states, including Pennsylvania, Ohio, Nevada, Illinois, Missouri, and Mississippi. The Wyomissing, Pa.-based company also has a partnership with Barstool Sports, a digital gambling platform that offers the company an entrée into a fast-growing and coveted part of the market. ....

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Steve Wynn and Lawyer, United over Trump, Break Ties in Messy Spat

The attorney has demanded millions of dollars from the casino magnate, alleging the billionaire harmed his reputation with the president. ....

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IAC Shares Rally as Vimeo Growth Accelerates Ahead of Spinoff

Nopparat Khokthong/Dreamstime.com
IAC/InterActiveCorp
shares were trading higher Tuesday after the internet holding company announced a strong financial update, and Wall Street responded with positive commentary on the stock.
IAC (ticker: IAC) has been issuing monthly financial updates on all of its business lines, and the December update included positive signs from several of its businesses.
Most important, the company said that revenue at Vimeo, a provider of cloud-based video editing tools, rose 57%, accelerating from 54% growth in November and 49% in October. Subscribers were up 24% for the second straight month, increasing from 22% in October, 21% in September and 19% in August. ....

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