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Airbnb stock falls sharply on cautious forecast and as record bookings miss estimates
Nights booked on Airbnb Inc. hit a record high in the first quarter as more guests traveled overseas and returned to cities, leading to the company’s first profitable start to the year on record, executives announced Tuesday. But executives’ forecast was less bullish, even though they expect a strong summer…
‘I feel used’: My partner stays with me 5 nights a week, even though he owns his own home. Should he pay for utilities and food?
I’m disabled, 52, and have one minor son. My boyfriend has his own house, and also has a minor child still living at home, as well as another son, 24, who is living at home and is employed as his younger son’s babysitter. He stays at my place, probably five…
Upstart stock soars 40% after upbeat earnings outlook, funding progress
Shares of Upstart Holdings Inc. rocketed 40% higher in after-hours trading Tuesday after the beleaguered financial-services company delivered an upbeat outlook for the current period even as its revenue for the latest quarter came in at a third of what it was a year before. Upstart UPST, which uses artificial…
Cutera stock slides after earnings; company appoints interim CFO, reaches board deal with big investors
Shares of Cutera Inc. fell hard after hours on Tuesday after the maker of skincare and body-sculpting devices — currently engulfed in drama over a leadership changeover — reported weaker quarterly results than expected and announced a new interim chief financial officer as well as plans to appoint new board…
GoPro to drop prices on cameras after earnings miss, revenue decline
GoPro Inc. is reducing prices that were raised earlier in the COVID-19 pandemic, after the action-camera company announced that revenue declined nearly 20% in the first three months of the year. GoPro GPRO announced that it will return to prepandemic pricing structures on its lineup of cameras, slicing $50 to…
Biden describes debt-ceiling meeting as ‘productive,’ but McCarthy says he ‘didn’t see any new movement’
House Speaker Kevin McCarthy on Tuesday said he “didn’t see any new movement” toward ending Washington’s standoff over the debt ceiling, as he assessed how a much-anticipated meeting on the issue went. President Joe Biden hosted the meeting at the White House with the country’s four top lawmakers, and beforehand…
Treasury yields rise after Fed survey shows banks reported tighter lending standards; inflation data looms
The 2-year Treasury yield rose Monday, extending the gain seen at the end of last week after a stronger-than-expected April jobs report, while investors assessed the latest Fed Senior Loan Officer Opinion Survey for signs that financial institutions have tightened lending standards after the collapse of three U.S. regional banks.…
Potential home buyers are more optimistic for one big reason and how the used-car market could get worse for buyers
Hi, MarketWatchers. Don’t miss these top stories.‘Uber’s model pushes drivers like me to accept risks’: Uber shareholders reject two driver-safety proposals Uber investors on Monday rejected two proposals related to worker safety and health, the company said after a preliminary tally of votes. Read MoreEscaping abroad: Tips for buying a…
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