Expedia Group Inc
Bradley Tusk on potential Uber-Expedia acquisition: The company needs to keep expanding
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Bradley Tusk, Tusk Ventures CEO, joins ‘Squawk Box’ to discuss news of Uber considering a bid for travel booking company Expedia, antitrust concerns, impact of the 2024 election on the possible deal, and more. Source
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Stocks making the biggest moves midday: Nvidia, Travelers, Blackstone, Uber and more
Check out the companies making the biggest moves midday: Taiwan Semiconductor — Shares surged 12% after the company, which is the world’s largest producer of advanced chips, reported a 54% gain in net profit for the third quarter driven by strong artificial intelligence-related demand. Shares of chip giants Nvidia and Micron each rose about 3% […]
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Uber not in active bid talks with Expedia
CNBC’s Deirdre Bosa reports on news from Uber and Expedia. Source
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Uber has discussed a bid for travel booking company Expedia
Uber discussed a bid for travel booking company Expedia, CNBC confirmed, in a deal that would push the ride-share company into new markets beyond car travel and food delivery. The talks were in early stages, according to a person familiar with the discussions who asked not to be named since the talks are confidential. It […]
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Stocks making the biggest moves premarket: Elevance Health, Taiwan Semiconductor, Expedia, Lucid and more
Check out the companies making headlines before the bell. Elevance Health – Shares plummeted more than 10% after the health insurer reported weaker-than-expected third-quarter earnings. In a statement , CEO Gail Boudreaux said the company remains “confident” amid “unprecedented challenges in the Medicaid business.” Health care stocks Molina Healthcare and Centene also fell nearly 9% […]
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Acquiring Expedia would be a ‘major strategic home run’ for Uber, says Wedbush’s Dan Ives
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Dan Ives, Wedbush Securities managing partner, joins ‘Squawk Box’ to discuss news of Uber exploring a possible bid for the travel booking website Expedia, why he believes the potential deal would make sense for Uber, and more. Source
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‘Coolcations’ had another big summer. Here are the places travelers went
Extreme temperatures are driving travelers to seek cooler destinations. And there’s a term for the trend: “coolcations.” Heat waves — which are increasing in frequency, duration and intensity, according to the U.S. Environmental Protection Agency — are affecting where people are choosing to vacation, especially during the hot summer months. “Often, when we think of vacation, […]
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Travel industry may see growth ‘roughly cut in half,’ says Jefferies analyst
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email John Colantuoni, internet equity research analyst at Jefferies, joins CNBC’s Kelly Evans to talk about the online travel companies and his outlook for the broader travel sector. Source
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‘Travel is too expensive right now’: Americans are spending less or skipping trips altogether
Travelers may have finally had enough. With revenge travel over and pandemic savings depleted, travelers say they’re planning fewer trips this summer, or skipping their vacations altogether. “After two straight years of strong gains, the number of Americans planning to take leisure trips is taking a dip,” states a summer travel report from Deloitte Insights. […]
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Travelers are finally cracking under the pressure of high costs
During the second-quarter earnings period, many companies signaled travel demand is expected to drop in 2024. Source
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