MGM Resorts, Tencent Music, Amazon and more


An exterior perspective exhibits MGM Grand Lodge & Casino on the Las Vegas Strip as the coronavirus continues to unfold across the United States on March 15, 2020 in Las Vegas, Nevada.

Ethan Miller | Getty Photos

Look at out the firms generating headlines just after the bell.

MGM Resorts International — Shares of the vacation resort firm were being up 5% soon after the bell, inspite of a prepared shutdown of its Las Vegas on line casino functions for Monday evening. MGM Resorts announced Sunday that it is briefly ceasing casino and hotel functions at its Las Vegas houses for the reason that of the coronavirus. “This is a time of uncertainty throughout our country and the world and we ought to all do our aspect to curtail the unfold of this virus,” reported Jim Murren, Chairman and CEO of MGM Resorts. 

Tencent Tunes — The songs streaming company saw shares climbed 2% in extended trading right after the enterprise reported fourth-quarter earnings. Tencent Tunes claimed income of $1.05 billion, though analysts polled by FactSet anticipated $1.01 billion. The company’s described earnings ended up in line with analysts’ anticipations at 9 cents per share, in accordance to FactSet. Tencent Music also said in a assertion that on the web new music paying out people grew 47.8% 12 months-more than-12 months to 39.9 million.

American Airways Team Inc — The airline’s inventory dipped about 1% in prolonged investing. It was reported Monday that U.S. airways are searching for a lot more than $50 billion in government assist simply because of the effects of the coronavirus on air travel. If granted, the assist would be the industry’s biggest bailout at any time and the very first considering that 9/11. President Donald Trump reported Monday that the U.S. would be backstopping the airways. “We are likely to back again the airlines 100% − it’s not their fault,” he reported. 

Amazon — The e-commerce giant’s stock was up 2% right after the bell. The organization introduced Monday that it is selecting 100,000 individuals “to satisfy the surge in desire from people relying on Amazon’s assistance all through this nerve-racking time,” in accordance to a assertion posted on the firm’s website. Amazon will also raise U.S. workers’ hourly wages by $2.00 by way of April. 

McDonald’s — Shares of the rapid-foods giant climbed about 1% during prolonged trading right after the organization declared it would near eating rooms throughout the U.S. amid the coronavirus outbreak. The quickly-food giant designs to shut the dining rooms in its business-owned locations. Buyers will be capable to buy their food items and beverages for takeout or supply or by way of the drive-through. McDonald’s owns about 5% of its approximately 14,000 U.S. places to eat. 

Newmont Corporation — The gold mining company’s inventory climbed about 1% just after the marketplace closed. Gold, generally thought of a harmless wager through industry provide-offs, fell below $1,500 last week, its cheapest level because Nov. 27, amidst the global stock market plunge and the coronavirus pandemic. 

CNBC’s Amelia Lucas contributed to this report.



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