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The Nasdaq Composite (NASDAQINDEX: ^IXIC) has suffered more than most other major market benchmarks, having dropped enough to meet the official definition of a bear market earlier this week. However, on Wednesday, investors are feeling a lot better about the market's prospects. That...
Travel and leisure stocks broke sharply higher on Wednesday as a potential meeting between the foreign ministers of Russia and Ukraine lifted sentiment that a settlement could eventually be worked out. Despite inflation and interest rate risks in the market, some analysts are pointing to the ...
AirBnB has opened a vast new opportunity by making underutilized private homes, rooms, and living room couches available to travelers for less money than comparable alternatives. The OTAs (online travel agencies) were hit hard by the COVID-19 pandemic, but AirBnB has rebounded more st...
Online travel agency Expedia Group (EXPE) took a hit during the pandemic due to a near-complete halt in travel. However, the company staged a solid comeback in its last reported quarter, driven by the continuing recovery in travel. But the stock is down 13.1% in price year-to-date, closing th...
Dan Loeb's 13F portfolio value decreased from $18.32B to $14.33B this quarter. The number of positions decreased from 113 to 92. Third Point increased Amazon, RH, and Catalent while decreasing Upstart Holdings and Walt Disney during the quarter. The top three positions are at ~23%...
With rebounding travel demand, the heightened need for detailed information regarding hotel and flight bookings, reviews, and fare comparisons should allow prominent players in this space, Expedia Group (EXPE) and Tripadvisor (TRIP), to benefit substantially in the coming months. But which of...
Following in the footsteps of the EU and Canada, President Biden has announced a ban on Russian aircraft and airlines entering American airspace due to the Moscow's invasion of Ukraine. According to Western military officials, the war is now crossing into a new phase, with Russia turning to h...
Stocks dropped on Tuesday, as ongoing fighting in Ukraine sparked a massive rise in oil prices. The S&P 500 retreated nearly 1.6%, retracing some of the gains posted late last week. The impact of the Russian invasion of Ukraine rattled large swaths of the market. This included the travel ...
Travel and leisure underperformed in early trading on Monday after the weekend news of war in Ukraine and global sanctions against Russia were digested. Hotel stocks, airline stocks and travel services stocks all fell. Notable decliners in early trading included Delta Air Lines (DAL -4.5%), A...
Optimized Distribution program builds on its established success to remarket gross rates, enabling unprecedented visibility and control for IHG in powering its wholesale distribution Today, Expedia Group and IHG Hotels & Resorts announced that Expedia Group is now a pref...
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2024-07-25 10:47:03 ET Starbucks Corp. (SBUX) SBUX is trading DOWN for the last 4 days, and it at trading at $74.57 with volume of 3,061,585 and a one day change of $-0.11 (-0.15%). Starbucks Corp. has a 52-week low of 71.55 and a 52-week high of $107.66. The business's 50-day movin...
EXPEDIA GROUP, WELLS FARGO AND MASTERCARD ANNOUNCE NEW SUITE OF ONE KEY CREDIT CARDS PR Newswire Instant One Key tier upgrades, OneKeyCash™ introductory offers and generous earn rates on everyday purchases for cardholders NEW YORK , July 1...