Month: May 2022
Stocks making the biggest moves midday: Uber, Lyft, Airbnb, Starbucks and more
Close-up of vertical sign with logos for ride-hailing companies Uber and Lyft. Smith Collection | Gado | Getty Images Check out the companies making headlines in midday trading. Lyft — Shares of Lyft tumbled about 32% after the ride-hailing company issued disappointing guidance for the second quarter and said it would increase spending to attract more drivers, […]
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California governor issues executive order on crypto as state embraces blockchain technology
California Governor Gavin Newsom speaks at a press conference in Oakland, California, on Wednesday, on Feb. 9, 2022. Medianews Group/east Bay Times Via Getty Images | Medianews Group | Getty Images Tech investors and businesses in California have been betting on crypto for well over a decade. Now, the governor of the U.S. state with […]
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Airbnb is seeing the benefits of pent-up demand for travel, says Tapas’ Greg Greeley
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Greg Greeley, Tapas Capital advisor and former Airbnb and Amazon executive, joins ‘TechCheck’ to discuss Airbnb’s quarterly earnings results, why he decided to leave Airbnb before the company went public and more. Source
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Location data broker SafeGraph stops selling information on visits to abortion providers
People protest after the leak of a draft majority opinion written by Justice Samuel Alito, preparing for a majority of the court to overturn the landmark Roe v. Wade abortion rights decision later this year, in New York City, U.S., May 3, 2022. Yana Paskova | Reuters The online data location broker SafeGraph said it […]
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Here’s what a former Twitter engineering head thinks about Elon Musk’s plan
Elon Musk, Founder and Chief Engineer of SpaceX, speaks during the Satellite 2020 Conference in Washington, DC, United States on March 9, 2020. Yasin Ozturk | Anadolu Agency | Getty Images The following is a selection from Big Technology, a newsletter by Alex Kantrowitz. To get it in your inbox each week, you can sign up […]
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More wealthy investors would rather hold or add stocks than sell if markets keep sliding, survey says
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 3, 2022. Brendan Mcdermid | Reuters Wealthy investors are more likely to add to their stock holdings or shift out of certain sectors rather than sell if stocks continue to decline, according to a new survey. More […]
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We think the summer is going to be gangbusters for travel demand, says Marriott CEO
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Tony Capuano, Marriott CEO, joins ‘Squawk on the Street’ to discuss the company’s quarterly earnings results, whether global travel recovery will be sustained despite inflationary pressures and how strong business travel will be this summer. Source
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This 35-year-old turned her side hustle into a $141 million company—here’s the 5-step business plan she used
In 2014, I walked away from my $35,000-per-year job in insurance sales to grow my e-commerce side hustle with my husband Chris. We had been experimenting with selling clothes and accessories on online marketplaces, including eBay and Facebook. Our online community of friends and customers quickly grew from a few hundred members to over 10,000 […]
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Watch live: Biden speaks on the economy and job growth ahead of major Fed rate decision
[The stream is slated to start at 11 a.m. ET. Please refresh the page if you do not see a player above at that time.] President Joe Biden is set to deliver remarks on the economy, job growth and deficit-reduction efforts Wednesday morning, shortly before the Federal Reserve is expected to raise interest rates as […]
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Here’s how much cash retirees need to weather a stock market downturn
Luminola | E+ | Getty Images Amid high inflation and rising interest rates, there are fears of a prolonged stock market downturn, and some retirees may be vulnerable without a cushion of cash, financial experts say. However, there’s also the risk of crumbling purchasing power, with annual inflation growing by 8.5% in March, the U.S. […]
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