Tag: Dow Jones Industrial Average

‘The industry has been in denial’: As hotels recover from the pandemic, they’re planning how to compete with another threat — Airbnb

With the number of COVID-19 cases receding as vaccination drives continue and the Delta variants ebbs, the travel industry could be poised for a resurgence. Whether hotels from that boom could depend on what happens to Airbnb. During an interview with Axios, Airbnb ABNB, +1.86% CEO Brian Chesky forecast a “new golden age of travel” […]

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Investment advisers ‘extremely skeptical’ about first U.S. bitcoin ETF: ‘It’s a hard thing for RIAs to recommend an inferior’ crypto product

Happy Sunday! Welcome to the penultimate installment of Need to Know Crypto Edition, ahead of the launch of a new weekly crypto newsletter “Distributed Ledger,” which will kick off next month. I’m Mark DeCambre, managing editor of markets and I’ll walk you through the latest and greatest in digital assets this week so far. There […]

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The Dow is on track for its best October in 6 years and third-quarter earnings are strong so far. What could go wrong?

A traditionally troublesome month is turning out to be anything but for the stock market…so far. Who would have thought, based on the way things ended last month, and the start to the first full week of October, that investors would be sitting pretty now. Certainly not Dennis Gartman. Yet, here we are. Look at […]

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Bitcoin nears $60,000—stocks jump on earnings optimism

Stocks look to finish out the week on a high note, helped by earnings and strong labor market data. Read More Source link

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Jobless claims fall below 300,000 for first time since pandemic. Businesses shun layoffs amid labor shortage

The numbers: Just 293,000 people who recently lost their jobs applied for unemployment benefits in mid-October, pushing new U.S. jobless claims to a pandemic low amid a frantic effort by companies to hire more workers. New jobless claims sank by 36,000 in the seven days ended Oct. 9 from a revised 329,000 in the prior […]

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Stock market highs are in, unless 3rd-quarter earnings clear this bar, analyst says

It’s all eyes on earnings season, and the results that will begin to pour in heavily this week may determine whether the S&P 500 can press on to further records before year-end, says one closely followed Wall Street veteran. “The companies of the S&P 500 need to beat by an aggregate 10 percentage points this […]

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