US stocks dropped on Tuesday afternoon after fourth-quarter earnings and forecasts from mega-retailers like Walmart and Home Depot raised concerns about the strength of the US consumer.
(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 […]
(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 […]
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 were up Wednesday following a rough start to the second quarter for Wall Street. Dow futures rose 155 points, or around 0.8%. S&P 500 futures climbed about 0.8% and Nasdaq futures were up 0.7%. Stocks finished in the red for the second day in a row Wednesday. All three indexes closed down 4.4%. The […]
US stock futures fell Tuesday after the Dow closed out its worst first quarter in history — the index lost 23.2% during the first three months of the year. Dow futures sank 252 points, or around 1.2%, during after-hours trading Tuesday. S&P 500 futures fell close to 1.2% and Nasdaq futures were down about 0.9%. Coronavirus has […]
