Ski-resort operator Vail Resorts Inc. on Wednesday reported fiscal fourth-quarter results that were better than expected, helped by acquisitions abroad and demand for advance passes, with full-year sales rebounding above Read more
Tag: motels
Las Vegas Sands, Wynn Resorts stocks lead S&P 500 winners after Macau’s surprise new COVID-recovery plan
Shares of casino operators got a big boost Monday, after Macau officials announced that an easing of the post-COVID travel restriction policy would begin in the coming weeks. News surfaced Read more
Macau Casino shares jump on hopes of sooner return to normal
Shares of Macau casino stocks rose sharply Monday morning, after the Macau government’s easing of Covid-19 policies boosted hopes of a sooner-than-expected return to normal. Sands China Ltd. 1928, +14.23% Read more
These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market
Another difficult week for U.S. stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX fell 1.7% Read more
When is a hotel better than an Airbnb?
Remember the days when one of the best money-saving travel tips was booking an Airbnb ABNB, -2.31% versus a hotel? Not only were nightly rates almost always far cheaper, but Read more
Tesla, Ford attract new investments from Soros’s fund
Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in EV makers Lucid Group Inc. and Nio Inc., Read more
InterContinental Hotels to launch $500 million buyback as profit surges
InterContinental Hotels Group PLC said Tuesday that it will launch a share-buyback program of up to $500 million as it reported a rise in net profit for the first half Read more
Keep running with the bond bulls says Bank of America
The rally in bond markets of late has been startling. As hopes grow that inflation may have peaked, and evidence of a U.S. economic slowdown build, benchmark 10-year Treasury yields Read more
Match hits pause on ‘metaverse’ dating and Tinder crypto, stock plunges 20% after surprise loss
Match Group Inc. shares were pummeled Tuesday after the online-dating company’s new chief executive detailed a slowdown for its most popular product, Tinder, and decided to pause newer initiatives such Read more
Hilton stock soars 5.7% as hotel operator trounces earnings estimates and raises outlook
Shares of Hilton Worldwide Holdings Inc. soared 5.7% Wednesday, after the hotel operator blew past estimates — including its own — for the second quarter and forecast continued recovery in Read more