Mable K. Sexton

Nevada casinos to reopen; America can’t get enough pizza

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus.

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TRAVEL & LEISURE: Viral videos out of places like Lake of the Ozarks over the holiday weekend showed how willing people are to gather, even in a pandemic. Tourist destinations, from countries to theme parks, are laying out plans with hopes of avoiding such scenes.

— Nevada’s casinos will reopen next week, including those on the Las Vegas Strip. The casinos, which power Nevada’s economy, were ordered closed more than 11 weeks ago. They will be allowed to open June 4, right before the weekend.

— SeaWorld and Walt Disney World will reopen in Orlando, Florida, in June and July, according to plans a city task force approved Wednesday. The proposals will now

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GLOBAL MARKETS-Europe cheers super-sized stimulus plan, U.S.-China tensions simmer

* EU stimulus drives shares up for fourth straight day

* Euro perched at 2-month high

* Yuan, Hong Kong shares hit by rising U.S.-China tensions

* Oil markets slip after recent rebound

By Marc Jones

LONDON, May 28 (Reuters) – European shares rose for a fourth straight session on Thursday and the euro perched at a two-month high, as businesses returning to work and a 750 billion euro EU stimulus plan outweighed rising U.S.-China tensions.

Asian markets were subdued overnight after U.S. Secretary of State Mike Pompeo warned Hong Kong no longer warranted special treatment under U.S. law, but there was no stopping Europe.

Traders diving back into the markets after Wednesday’s EU plan to prop up the bloc’s coronavirus-hit economies pushed the region-wide STOXX 600 index up more than 1% to a fresh 11-week high, led by a 2% jump in travel & leisure stocks .

The euro

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Is This a Value Stock?

When the Covid-19 and economic crises hit, it was like the proverbial load of bricks landing on the travel industry. The share price of Booking Holdings Inc. (NASDAQ:BKNG), a broker of hotel, flight and other travel services, dropped dramatically; the pessimism of shareholders was confirmed when its first-quarter 2020 financial results were released:

  • The value of first-quarter gross travel bookings fell 51% from a year earlier.
  • A net loss of $699 million as compared with net income of $765 million the year before.
  • On an earnings per share basis (diluted), it was minus $17.01 per share, compared to positive $16.85 per share in the same quarter of 2019.

Despite all that bad news, there is reason for optimism in the longer term.

About Booking

The company uses these words to describe itself: “We connect consumers wishing to make travel reservations with providers of travel services around the world through our

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WRAPUP 8-Stocks buoyant, dollar slips as economies start to unlock

* European stocks kick off June with strong gains

* USD hits 11-week low against major currencies

* U.S. stock futures under pressure, down 0.2%

* Graphic: World FX rates in 2020 http://tmsnrt.rs/2egbfVh

* China surveys show growth at home, subdued exports

By Thyagaraju Adinarayan

LONDON, June 1 (Reuters) – World stocks hovered near three-month highs and the dollar was flat on Monday as optimism over economies opening up again boosted risk appetite, despite worries over mass protests in the United States and unease over Washington’s standoff with Beijing.

Having risen a whopping 35% from a late March trough, stocks looked set to kick off June with more gains. The MSCI world stocks index has recovered two-thirds of the losses it incurred in the aftermath of the coronavirus outbreak.

Investors were also relieved that President Donald Trump left a trade deal with China intact despite moving to end Washington’s special

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