Cramer says anticipate business consolidation earlier than shopping for on-line sports activities playing shares

CNBC’s Jim Cramer said Monday he believes investors should stay away from online sports betting, claiming it was unattractive for their own businesses like Draft kings because there is too much competition in the gaming industry.

“Until we see fewer promotions and more M&A deals, these online sports betting stocks are … very difficult to own,” he said “Bad money” said the host, noting that this view is in stark contrast to something of optimism around the burgeoning cohort in early 2021.

“But when we see what the reality looks like, there is a lot of competition for market share and little profit. What a shame, because profits are what this market wants right now. That’s why every single one of these stocks has been destroyed.” “Said Cramer, referring to people like Penn National Gaming, DraftKings and FanDuel parents Flutter entertainment.

Other players in this area are Caesars Entertainment, which operates an online sports betting company, and Rush Street Interactive.

Cramer’s comments on Monday are in response to a major milestone on Saturday when mobile sports betting was officially legalized in New York, the most populous US state where it did so. The first four bookmakers to meet regulatory requirements and start taking bets were DraftKings, Caesars Sportsbook, Rush Street Interactive, and FanDuel.

Another five operators are still in the process of meeting all legal requirements, Associated Press reported. Cramer said this is something that investors need to consider when examining the impact of New York’s high-profile start.

“These online gambling companies are throwing money at people to gain market share,” Cramer said, referring to the commercial and commercial blitz taking place in New York. “If the industry is already that competitive with four players, imagine the deals you get with nine players.”

Another factor to consider is New York’s “astronomical” 51% tax rate on revenues that online sports betting providers will be subject to, Cramer said.

“Before you can think about buying sports betting stocks, I think we need to see some consolidation. We have to see some companies leave, ”he said.

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If on the lookout for a lodge deal, it would pay to attend till the final minute

d3sign | Moment | Getty Images

When it comes to hotel reservation reservations, Aesop and its fabled ants may have done it backwards – it may actually be worth waiting until the last minute to book.

While it is popular belief that booking early will provide travelers with better prices on accommodation, flights, and other vacation components, Research by NerdWallet found that waiting to book a hotel room up to 15 days before arrival would save them more time 66% of the time, compared to four months.

With the idea that it is better to book early, it was actually more about the choice, said Sally French, a travel expert at NerdWallet.

“It’s less about ‘buy early for better deals’ and more about the opportunity cost of not booking early – you could limit your options a lot by waiting,” she said. “Booking in advance gives you more choice to book the hotel that really fits your budget.”

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In 2019, 2020 and the first half of 2021, NerdWallet examined more than 2,500 hotel room prices in hotels worldwide by price range and brand and compared the prices for nights for 15 days and four months.

From 2019 to 2021, the average room rate in North America booked on 15 days was $ 203 while that for a unit booked four months outside was $ 233, NerdWallet found, a difference of 12. 7%. Internationally, the respective rates and differences were similar at USD 201 and USD 232, which corresponds to a difference of 13.5%.

“International trends largely coincide with domestic trends,” said French, adding that it was “comforting to know that you are not missing out on even better international deals.”

Meanwhile, the average price across all high-end hotels was $ 302 when booked 15 days in advance, compared to $ 386 four months in advance – a 21.6% difference. The difference is even bigger – 50%, NerdWallet found – when comparing prices for 15 days in advance to 11 months ago.

However, “cheaper” is a relative term, French noted. As an example, she cited pre-pandemic nightly rates at the JW Marriott Los Angeles LA LIVE, which were $ 1,110 when booked 11 months ago and $ 450 just 15 days earlier.

“Still, $ 450 is more than most people pay for a night in a hotel,” said French. “Although you get a ‘better’ price at this hotel, it is often still more expensive than a mid-range option.”

The savings in hotels in the middle and lower price range were rather meager at 9.4% and 5.5%, respectively. French said NerdWallet found that “budget-friendly” hotels like the Best Western Market Center in Dallas for $ 100 a night – which never deviated from that price over the course of the study – are less likely to fluctuate in price even until the last Minute.

“But what if you think it’s okay to hesitate and then all the budget hotels are sold out because there was a huge festival or conference in town?” French said. “Maybe you have no choice but to book the Ritz-Carlton, which is often over $ 1,000.

“That’s a $ 900 mistake if you wait until the last minute,” she said.

Now, if you are comfortable traveling, grab deals while you can because I don’t expect them to stay.

Sally French

Travel expert at NerdWallet

Did the pandemic and the resulting drop in travel help keep prices down? French said prices were down about 33% year-over-year in 2020 but are now 30% cheaper than in 2019, which means they are rising.

“As more people get vaccinated and countries open up to tourists, I expect this trend to continue,” she noted. “Now if you are comfortable traveling, grab deals while you can because I don’t expect them to stay.”

Travelers should consider booking direct with their hotel of choice, be it online or by phone. According to French, it’s less about price and more about flexibility. “Many Hotels have super generous cancellation policies Nowadays, however, this is often only taken into account once the reservation has been made with them.

In addition, according to French, most hotels will offer lower rates for the same room and travel dates, or travelers with reservations at hotels with flexible cancellation policies will be able to cancel more expensive reservations and rebook them at lower rates. However, booking on online sites is “certainly faster and more convenient,” she added.

Destinations with cheaper hotel prices include Bangkok and Tokyo abroad – where prices are still more than 50% below 2019 prices – and in the US business centers like New York and Philadelphia, according to French.

Where to avoid

“I see a lot of hotels – especially in more remote, domestic destinations – whose prices have actually increased,” she said. “Two different luxury hotels in Scottsdale, Arizona, the Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch and the Andaz Scottsdale Resort & Bungalows, averaged 80% more than their 2019 rates in 2021.”

Adam Lambert cannot watch for reside performances once more | Leisure

Adam Lambert can’t wait to perform in front of a live audience again.

The ‘For Your Entertainment’ hitmaker has not been able to perform live for the past year and a half due to the coronavirus pandemic, but is very much looking forward to being on stage soon.

He said, “I am very excited to be in front of a live audience. I did a virtual concert around my birthday and that was a lot of fun too, but it’s just not the same. Having a live audience is like tapping into collective energy and it’s an experience … there’s just nothing like it. “

And the 39-year-old singer is happy to see the mainstream music scene support LGBTQ + artists like him, because there was a time when some artists were concerned about whether they would be “out and proud” and still “commercially viable” could be or not. as an artist.

Speaking to People magazine, Adam added, “The mainstream music scene has opened up and expanded so much for us. It was a difficult situation to begin with because so many people in the business were just not sure if it was commercially viable to be out there and be proud.

“Now we know there is an audience for it, and there is an audience beyond the queer audience. It’s a mixed mainstream audience. There are a lot of straight fans of gay artists, so it’s not just about replacing your own community. Now it’s about reaching beyond that. “

In the meantime, Adam had previously announced that he was ready to be more “authentic” with his music.

He said, “I wanted to find my own lead. I think I found a more authentic place for myself. It feels like I’m not achieving anything or trying to be everything, I am just me.

“I followed my instincts, I didn’t consult a committee in an office about what is good and what is not good and what I should do. I think I’ve found a new self-confidence, which means I’m proud of the music and I feel very comfortable with it. “

Sarah Hyland ‘cannot wait’ to marry Wells Adam | Leisure

Sarah Hyland “can’t wait” to marry Wells Adams.

So ready to tie the knot with her fiancé after her wedding was postponed due to the coronavirus pandemic, the ‘Modern Family’ star nodded to her upcoming wedding as she marked his birthday with a cute social media post .

She wrote on Instagram: “It’s love for the birthday of my life !!!! Thank you for always dancing silly, singing out loud, laughing contagiously and loving endlessly. I miss you more than words can say and, if it is possible, I love you even more than that. Since we can’t be together, I want everyone to do a classic @wellsadams shimmy to celebrate you! To Pluto and Back Sugar Balls, can’t wait to finally marry you on the day . (sic) “

It comes after Sarah reveals that she has “put her wedding plans on hold” amid the pandemic.

Speaking of the couple’s plans, she said, “We don’t have any plans at the moment. We’ve put all plans on hold. My whole family is mostly on the east coast so they get kicked out … and just age and mine, of course We want to be as safe as possible for health risks. “

Wells admitted they hadn’t bothered to make plans because of the health crisis.

He stated, “There are no plans. I think the thought was that around this time we would originally think about it, and now that this is happening you know why should we even try to solidify anything when everything is so in.” Is okay. ” in the air?”

Vermont Small Companies Will Should Wait Months for Aid Cash, Lawmakers Warn

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  • Tim Newcomb © ️ Seven Days

Members of Congress are putting the finishing touches on a $ 1.9 trillion aid package that could be finalized Tuesday in the US House of Representatives.

But Vermont lawmakers are already warning small business owners it could be midsummer before they see any cash relief. Legislators must decide how and through which programs to divide their expected $ 1.3 billion stake in the pot, a process that can take months, House spokeswoman Jill Krowinski (D-Burlington) warned during one virtual meeting of the Vermont Chamber of Commerce on Monday.

“This is the part that we really struggled with in the last session: the time it took [state lawmakers] to put the rules together, ”said Krowinski.

Last year, Vermont received a $ 1.25 billion share of the $ 2 trillion CARES bill passed by Congress in March 2020. It wasn’t until the beginning of July that the first corporate grants began to accept applications.

A similar scenario could also play out this time, said Krowinski.

“Even if the money is approved in April or May, we may not get it until later in the summer,” she said.

It’s not early enough for business owners who last applied for grants this fall, said Kim Donahue, co-owner of the Inn at Round Barn Farm in Waitsfield.

“That’s really not okay,” said Donahue, who heard the same time estimate on a phone call to other property owners on Monday morning. “We already have an enormous need.”

Many small business owners are pinning their hopes on an economic development package that is now going through the Vermont Senate that includes $ 10 million in grants for businesses that were ineligible for state or federal COVID-19 grants in the past year. The Senate Economic Development, Housing and General Affairs Committee was due to hear testimony on the bill on Tuesday.

Money for company “safety net” customs toward approval at Vermont House

Money for company “safety net” customs toward approval at Vermont House

By Anne Wallace Allen

From message

Once the federal COVID-19 law goes into effect, the U.S. Treasury Department will have 30 days to get the money to the states. Next, Governor Phil Scott would make recommendations to lawmakers, said Joan Goldstein, commissioner for the Department of Economic Development. The legislature would then have to set priorities and create grant programs.

Last year, the Commerce and Community Development Agency provided approximately $ 340 million to Vermont’s small businesses through such programs.

Goldstein said she was concerned about the hospitality businesses that have been closed or severely restricted for a year.

“We know that anyone whose business has anything to do with restaurants, lodging, gatherings, entertainment and transportation – all of these hurt,” she said. “Even if they got money beforehand, they’ll probably need more money before everything opens up. Property characteristics say they are 10 percent occupied. People just don’t come. ”

Senate President Pro Tempore Becca Balint (D-Windham) said lawmakers will try to do as much work in advance as possible to expedite the process. They may have to return to the virtual statehouse in August like last year.

“I don’t think that’s what anyone wants, but we might have to keep the budget open, maybe come back,” said Balint. “We just don’t know yet. it’s too early. ”

Even with the practice of creating the programs, Goldstein said, it will be months before lawmakers decide where and how to spend the money. Vermont’s annual budget is generally around $ 6 billion, and policymakers aren’t used to spending an extra billion on programs like education, childcare, and broadband.

“I don’t expect it to be weeks. It will take months, ”said Goldstein. “There will be hearings; there will be testimony. It is a lot of money.”