Month: May 2022
Airbnb just did its biggest redesign in a decade — here’s what’s new
Airbnb announced a handful of updates to its platform on Wednesday, with CEO Brian Chesky billing it as “the biggest change to Airbnb in a decade.” The features, announced during its virtual summer event, include a new way to search, the option to split stays between homes and additional guest protections. The updated app and […]
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Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs
Inflation rose again in April, continuing a climb that has pushed consumers to the brink and is threatening the economic expansion, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an […]
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Trump’s pick for Nebraska governor loses in GOP primary, signaling limits to former president’s influence
Charles Herbster Nebraska gubernatorial candidate speaks during the fourth day of the Conservative Political Action Conference CPAC on Sunday, Feb. 27, 2022 in Orlando, FL. Jabin Botsford | The Washington Post | Getty Images Former President Donald Trump’s preferred candidate is projected to lose Nebraska’s GOP gubernatorial primary, signaling that Trump’s influence in the party has […]
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Europe wants to fight online child abuse. Critics fear it may erode privacy
Policymakers have long wrestled with tech giants over the potential abuse of encrypted messaging services such as WhatsApp and iMessage. Chesnot | Getty Images The European Union on Wednesday unveiled tough new proposals that would require online platforms to more aggressively screen and remove child abuse online. Proposed legislation would allow EU countries to ask […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures rise ahead of key inflation report, after volatile session Traders on the floor of the NYSE, May 10, 2022. Source: NYSE U.S. stock futures rose Wednesday ahead of the first of two key inflation reports […]
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Deutsche says this discount grocer can rally nearly 29% as shoppers go bargain hunting
Grocery Outlet historically has a tendency to outperform during challenging financial periods, analysts say. Source
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Tech is hitting the brakes on hiring, but that doesn’t mean a broader slowdown is coming
San Francisco Compassandcamera | Getty Images U.S. employers added more jobs than expected in April amid a tight labor market, the Bureau of Labor Statistics reported Friday. But the tech sector, which boomed during the pandemic, is showing signs of contraction. Facebook parent company Meta is pausing hiring and scaling down some recruitment plans, Insider […]
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Stocks making the biggest moves premarket: Wendy’s, Krispy Kreme, Perrigo and more
Check out the companies making headlines before the bell: Wendy’s (WEN) –Wendy’s reported adjusted profit of 17 cents per share, 1 cent below estimates, with revenue and same-store sales also missing analyst forecasts. The restaurant chain is seeing a negative impact from higher costs for supplies and labor, and its shares slid 3.4% in premarket […]
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MoffettNathanson upgrades EA, says video game giant is set up to weather market volatility
Video game giant Electronic Arts could be a stable place to hide for investors troubled by rising interest rates, according to MoffettNathanson. Source
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Senate confirms Lisa Cook as first Black woman on Federal Reserve Board
Dr. Lisa DeNell Cook, of Michigan, nominated to be a Member of the Board of Governors of the Federal Reserve System, speaks before a Senate Banking, Housing and Urban Affairs Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., February 3, 2022. Ken Cedeno | Reuters WASHINGTON — The Senate confirmed economist Lisa Cook on Tuesday […]
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