It may not have been a surprise to see the consumer discretionary sector of the S&P 500 get hammered last year amid talk of a looming recession while the Federal Read more
Tag: lodgings
These 20 stocks were the biggest losers of 2022
This has been the year of reckoning for Big Tech stocks — even those of companies that have continued to grow sales by double digits. Below is a list of Read more
Starbucks workers at more than 100 stores going on strike
Starbucks workers at more than 100 U.S. stores say they’re going on strike Thursday in what would be the largest labor action since a campaign to unionize the company’s stores Read more
Toast stock extends rally as company gives upbeat earnings forecast
Toast Inc. shares were building on their massive Thursday rally in the aftermarket as the maker of payment software and technology for the restaurant industry gave an upbeat forecast for Read more
Wynn Macau shares fall after reporting third-quarter loss
Shares of Hong Kong-listed casino company Wynn Macau 1128, -2.26% fell in early Asian trade Thursday after the company reported a third-quarter loss and as COVID-19 cases continue to rise Read more
Opinion: A slew of catalysts for a stock market rally are converging at the same time
Midterm elections are great for the stock market, regardless of who wins. But the divided government that came out of this year’s is even more bullish. Compelling seasonal factors are Read more
Sweetgreen stock wilts as results, outlook disappoint
Sweetgreen Inc. shares fell in the extended session Tuesday after the locally sourced restaurant chain missed Wall Street expectations for the quarter, and warned that revenue will be at or Read more
New York City proposes strict Airbnb registration rules to take effect in January
New York City is pressing ahead with a long-anticipated crackdown on Airbnb hosts, with officials on Friday proposing a strict new registration system for hosts that will take effect in Read more
Food prices keep rising. Food-company execs are betting Americans will keep paying.
Even as rampant inflation in food prices leaches away consumer spending power and disproportionately affects lower-income consumers, food-company executives and Wall Street analysts believe that Americans will continue to buy Read more
‘Too good to be true?’ Starbucks tops expectations but analysts question sustainability of its growth
As Starbucks’ stock was bumped up 5% in pre-market trading on Friday after posting record fourth quarter revenue that beat expectations, analysts were still skeptical whether the coffee chain can Read more