This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: As we came into 2024, a lot of strategists were calling for a broadening of the stock market rally beyond the Magnificent Seven. Those calls sounded familiar, because we’ve been hearing them for at least the past year. But the broadening hasn’t really materialized. And now the major averages are hovering at record highs. Maybe it’s time to put to bed the notion that… Source link
Read More »Airbnb Q1 results top estimates as company sees ‘strong sustained pent-up demand’ for travel
Airbnb (ABNB) reported first-quarter results that exceeded estimates, as virus-related restrictions eased further and helped lift business. The company also reported its first quarter of positive adjusted EBITDA even as it navigated a jump in Omicron cases at the beginning of this year and international disruptions due to Russia’s invasion of Ukraine. Shares of Airbnb rose 6.5% in after-hours trading immediately following the results. Here’s what the lodging company posted in fiscal… Source link
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