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[ad_1] A trader works on the floor of the New York Stock Exchange on Oct. 20, 2023. Michael Nagle | Bloomberg | Getty Images Stocks traded higher Tuesday, as Wall Street tried to close out a dismal month of trading — that saw Treasury yields surge to levels not seen in more than 16 years — on a high note. The broader index rose 0.4%. The Dow Jones Industrial Average added 59 points, or 0.2%, while the Nasdaq Composite gained 0.3%. The S&P 500 advance was held in check mainly by communication services stocks, which was one of just two sectors trading in negative territory in afternoon trading. Notably, Alphabet, Meta Platforms and Netflix shares were all lower. Nvidia was down by more than 1%. The Cboe Volatility Index (VIX) dropped to an 18 handle, below the long-term average of roughly 20. A higher VIX level can point to greater uncertainty in markets. Earnings season continued Tuesday. Caterpillar slid more than 6% after the construction equipment maker said its fourth-...

[ad_1] FanDuel CEO Amy Howe stands out in a crowd — in spite of her slight stature. In a room full of executives in the sports or gambling industries, she's often one of very few women. But Howe has the spotlight, and a megaphone, as the chief executive of the nation's market leader in sports betting. FanDuel announced this week that during the fourth quarter it increased its market share to 50% of legal sports betting in the U.S. Howe joined Caesars CEO Tom Reeg and New England Patriots President Jonathan Kraft at the MIT Sloan Sports Analytics conference this week to discuss the deepening relationship between the betting and sports industries, the need for better technology to acquire and keep customers, and the competitive landscape. Howe's gender never came up. But in many conversations — off the stage and behind the scenes — it's clear Howe stands as a role model to other women in sports and gambling. And here, she keeps good company. Renie Anderson is execut...

[ad_1] Marriott and MGM Resorts International announced a partnership Monday to link their loyalty programs and give customers more options for cashing in. Under the deal, MGM guests in the United States can earn Marriott Bonvoy rewards points and Bonvoy members will in turn have access to 17 MGM properties when they spend their points. related investing news MGM's 40,000 rooms will increase Marriott's global portfolio offerings 2.4%. The partnership seeks to capitalize on frequent or business travelers, who can be fiercely loyal to certain hotel brands in effort to rack up rewards. Those loyalty programs drive business and help differentiate competitors at a time when travel is continuing to rebound from a pandemic pause. "The value is in the quantity and the quality of the customer," MGM CEO Bill Hornbuckle told CNBC in an interview Monday. Bonvoy has more than 180 million members. If members want to use their reward points for a stay on the Las Vegas Strip, ...