Yang Huaiding was an unknown 40-year-old warehouse keeper at a Shanghai steel factory earning 51 yuan (US$7.80) a month in 1990. Today, he is fondly known as “Millionaire Yang” in the folklore of China’s stock market. The Shanghai native made his first million from dabbling in the initial batch of […]
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Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018. Stephen Lam | Reuters Bank of America analysts said in a note Wednesday that Alphabet stock will benefit more than online ad peer Facebook when the world starts recuperating […]
The pandemic may have shut down ski lifts last March, but it hasn’t stopped the new ski season from coming. Vail Mountain kicked off its opening day last month, as eager skiers and riders masked up and social-distanced their way down the slopes. The Colorado mountain is among the roughly […]
The rise of legal U.S. cannabis is one of the most promising growth trends in the market today. Over two-thirds of Americans now believe cannabis use should be legalized. In the recent November election, pro-cannabis ballot measures won five out of five state elections. Unsurprisingly, U.S.-based cannabis stocks rose, though […]
Penn National Gaming (PENN) is among the top-rated gambling stocks as more states allow sports betting and online wagering. Is Penn stock a buy right now? Here is what the fundamentals and technical analysis say. X Penn is the nation’s largest and most diversified regional gaming company. It has 41 properties across […]
Airbnb (NASDAQ:) went public last week and its debut proved to be a resounding success. Shares of the San Francisco-based vacation rental platform opened at $146, skyrocketing from the IPO price of $68, giving the firm a $100-billion valuation. Clearly, this isn’t an ordinary performance for the middle of a […]
If you happened to find yourself scouring the internet in search of an Intex inflatable pool last spring, only to come up empty-handed, you had company. According to Sabeena Hickman, the president and chief executive of the Pool & Hot Tub Alliance, pool sales skyrocketed as Americans faced a quarantined […]
U.S. stock indexes closed mostly lower Thursday after more evidence that the pandemic is tightening its grip on the economy while Congress remains in a stalemate over how to do something about it. The S&P 500 slipped 0.13% after flipping between gains and losses in the early going. The index […]
One of the world’s most valuable startups – Airbnb (NASDAQ:ABNB) – will finally make its long-awaited debut on Wall Street. The travel technology company is ready to go public under the ticker “ABNB” on the Nasdaq Composite at a price of $68. It’s expected that Airbnb stock will more than double […]
The Dow Jones Industrial Average (DJINDICES:^DJI) had slipped 0.44% by 11 a.m. EST Monday as all eyes turned to the U.S. Congress and its ability to pass stimulus legislation as the COVID-19 pandemic worsens. A $908 billion bill is in the works from a group of bipartisan lawmakers, but disagreements […]
Text size Cowen’s Helane Becker called Southwest her top pick for 2021, seeing “significant upside” in the shares. Getty Images Spirit Airlines ’ warning that ticket sales are weakening is another sign that travel is taking a hit from the spike in Covid-19 cases. Yet Southwest Airlines (ticker: LUV) is […]
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Walmart is saying it will have some limited PS5 stock available online on November 19 at 3 pm ET for PS5 and PS5 Digital. This is before the Black Friday stock becomes available on November 25.Black Friday stock is looking like a reality, but that doesn’t mean this will be […]
The major indices followed Monday’s raucous rally with a tamer, flatter Tuesday. The Dow Jones Industrial Average declined 0.6% off its record high to 29,783, while the Nasdaq Composite slipped by a thin 0.2% to 11,899. But the relative calm belied a number of exciting developments over the past 24 hours. […]
(Want to get this newsletter in your inbox? Here’s the sign-up.) Good evening. Here’s the latest. 1. The Senate majority leader, Mitch McConnell, backed President Trump in his refusal to concede. In his first comments since Joe Biden was declared the winner, the top Republican in Congress declined to recognize […]
Few sectors have been hit harder by the coronavirus pandemic than travel thus far. Coming into its third-quarter report, its third update during the crisis, Trivago (NASDAQ:TRVG) investors may have been looking for signs of an inflection point, following a dismal second quarter. The stock popped briefly earlier this week after […]
Text size Expedia said lodging revenue was down 52%, on a 58% decline in room nights stayed. Transversospinales/Dreamstime.com Expedia shares were higher after hours Wednesday after the online travel agency reported results that weren’t quite as bad as investors had feared. For the quarter ended in September, Expedia (ticker: EXPE) […]
COVID-19 has wreaked havoc on economies around the world and has upended many industries, including airlines, travel, and restaurants. In-store retail shopping has suffered as well, as social distancing became the norm months ago and people spent more time at home. But the economic effects of the pandemic also caused […]
By Aftab Ahmed and Krishna N. Das JAIPUR/NEW DELHI, India (Reuters) – Indian businesses are stocking up more ahead of this year’s big festival season than at any time in the last five years, expecting people whose earnings were relatively unaffected by the pandemic to spend the money they saved […]