Hyatt’s New Las Vegas Deals
Skift Take
Hyatt improves on the value of its World of Hyatt loyalty program with the addition of two iconic Las Vegas properties.
When the Fed Chief admits he has no idea what is going on with the economy without coming right out and saying it, you have the DJIA plummeting -3% or 1,123 points, Nasdaq down 716 or -4%, the S&P 500 down -3% or 178 points and the 10-year treasury yield jumping .11 to 4.49%. The Fed lowered interest rates by another .25 but said they would be slowing the rate cuts as the economy and inflation are stronger than they expected. Readers for the past two Presidencies know we are not fans of Jerome Powell, and anyone who has been on the stock market probably is not anymore. Lodging stocks took it on the chin, with SOND and VCSA leading the decliners with -9% drops, AHT down -8%, PEB, PK, SVC, and BHR down 7% each, and HST, CLDT, HGV, RHP, and XHR all falling -6% on the day. As for the Santa Claus Rally, it is pretty obvious who the Gri
