• Airbnb value tops $100 billion in Wall Street debut

    (CNN) — In the first half of this year, with its business decimated by the pandemic, Airbnb cut a quarter of its workforce and reportedly slashed its valuation as part of a deal to secure more financing. Now, following a remarkable comeback, the home-sharing company is soaring in its long-awaited Wall Street debut just as […]

  • Airbnb files to go public as the pandemic rages on

    (CNN) — Even as the pandemic that wrecked its business flares up again, Airbnb is poised to make its public market debut this year. The company filed its long-awaited IPO paperwork Monday, revealing that it turned a profit of $219 million in the third quarter of this year, on $1.34 billion in revenue. By comparison, it made […]

  • DraftKings and Caesars shares soar following ESPN deal

    In the latest in a flurry of big events for sports gambling sites, DraftKings and Caesars announced Monday a deal with ESPN that will feature their content on the network’s digital and TV platforms. Shares of DraftKings (DKNG) and Caesars jumped as much as 12% and 7% respectively Monday on the multi-year agreement with the sports network, in which […]

  • US stock futures up after ending another day in the red

    (CNN) — Stock futures rose Monday evening as the market roller coaster caused by coronavirus continues. Dow futures gained 252 points, or about 1.4%. S&P 500 futures were up about 1.3% and Nasdaq futures were up around 1.3%. US stocks ended Monday in the red, despite several new stimulus measures from the Federal Reserve meant to provide […]

  • Stock Market Has Worst Week Since Recession Over Coronavirus Fears

      Despite the cheers on Friday for the opening bell at the New York Stock Exchange, traders were bracing for another dismal day. Stocks had their worst week since the recession of 2008 wiping out about $4 trillion in market value and sending major indexes into correction territory. Ryan Wilson, Sr. Vice President with RBC […]

  • Dow hits a new record: 29,000 points

    The Dow on Friday reached 29,000 points for the first time, as stocks climbed across the board. The Dow rose as much as 44 points, or 0.2%, to cross 29,000 points, but shortly after, it fell back below the key level. The index fell just short of that mark at Thursday’s close, but still finished […]

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