admin
-
Expedia is benefiting as gross travel bookings are up online
Travel websites roared back Thursday on soaring gross bookings. Expedia Group Inc.’s EXPE stock initially sagged, then rebounded sharply and is now up 6.5% in extended trading Thursday after the online travel service reported a big jump in quarterly revenue and a 20% increase in gross bookings to $29.4 billion. “The first quarter saw strong……
-
QCOM Stock Price | Qualcomm Inc. Stock Quote (U.S.: Nasdaq)
Source
-
Cinco de Mayo drink specials, deals and freebies from Chipotle, Applebee’s, Taco Bell and more
It’s time to raise a glass to Cinco de Mayo once more. So what are we celebrating, exactly? The May 5th holiday commemorates the Mexican army’s victory over the French at the Battle of Puebla on May 5, 1862 during the Franco-Mexican War. The Mexicans had been greatly outnumbered. So while this was not a…
-
SVB and First Republic failures are just the start of a lengthy banking crisis — if you believe 800 years of history
The banking crisis that began with the collapse of Silicon Valley Bank and now the failure of First Republic Bank is far more serious than it initially appeared. Two finance professors were warning of this six weeks ago: Andrew Metrick of Yale’s School of Management, and Paul Schmelzing of Boston College and Stanford’s Hoover Institution.…
-
Loneliness is an ‘epidemic’ that costs billions and leads to bad health outcomes and even death
Loneliness is more than a bad feeling. It’s as deadly as smoking up to 15 cigarettes a day and is associated with a greater risk of cardiovascular disease, dementia, stroke, depression, anxiety, and premature death, according to an advisory by the U.S. Surgeon General. The mortality impact of being socially disconnected is greater than that…
-
Icahn Enterprises rallies 10% as company to pay out $2 a unit, says it does not have a liquidity problem
Shares of Icahn Enterprises LP jumped about 10% in extended trading Thursday after activist investor Carl Icahn said the company does not face liquidity problems and will declare a distribution of $2 per unit for the quarter ended March 31. In a statement to shareholders, Icahn said that Icahn Enterprises IEP would “normally” wait for…
-
KVUE Stock Price | Kenvue Inc. Stock Quote (U.S.: NYSE)
Source
-
Lyft stock sinks as forecast falls short of estimates, while new CEO takes aim at Uber
Lyft Inc. on Thursday reported first-quarter results that beat expectations, but a forecast that fell just shy of analysts’ estimates weighed on the company’s stock. Lyft shares LYFT fell 15% after hours. They had dropped 1.8% in the regular session to close at $10.69 after a six-day positive streak. Lyft forecast second-quarter revenue of… Source
-
Stocks are trying to break out of a trading range but resistance is too strong
The stock market, as measured by the S&P 500 Index SPX, -0.72%, has failed to overcome resistance at 4200. That is bearish, and SPX has backed off sharply since the most recent attempt to challenge 4200 occurred late last week. That attempt was spurred by positive earnings from Meta Platforms META, -1.48% and others. Now…
-
Apple earnings show surprise jump in iPhone sales and a 4% dividend hike
Apple Inc. on Thursday revealed surprise growth in its iPhone business during the first three months of the year, overcoming a shortfall in Mac revenue as the company promised investors billions more in dividends and stock repurchases. Apple shares AAPL, -0.99% were up nearly 2% in extended trading after the earnings call. The company reported…