Written by Jacqui Palumbo, CNN If you were born before 1990, you may remember the 3D graphic of an almost-naked baby that danced on a loop to become one of the internet’s earliest viral phenomenons. The strange-yet-sassy “Dancing Baby” began spreading via forwarded email chains in 1996 before it appeared on major news networks around … Read more
Text size DeLorean is getting into the EV game. DeLorean Motor Company Tesla investors might want to take note of an industry development. There is a new entrant to the US electric-vehicle race. Investors, and moviegoers, have heard of it: DeLorean. The maker of the iconic stainless steel sports car with gull wing doors released … Read more
Text size Short-term rental company Airbnb says demand for travel in the fourth quarter is above historical levels. Dreamstime Airbnb reported a slimmer-than-expected net loss and higher revenue than expected for its first quarter, saying it sees substantial demand for travel ahead of the summer. The short-term rental company (ticker: ABNB) reported a net loss … Read more
Text size Paramount + accounts for the bulk of the company’s streaming subscribers. Dreamstime The streaming-stock bloodbath continues: Paramount Global (ticker: PARA) is the latest company in the business to see its stock drop after its first-quarter report. Subscribership for services including Paramount + continued to grow rapidly, but without a commensurate increase in profits. … Read more
Text size Expedia’s CEO says the company is ‘feeling very good about a summer recovery that should be very robust.’ Dreamstime Expedia was falling sharply Tuesday even after revenue in the first quarter rose more than 80%, and CEO Peter Kern told analysts the online travel company was “feeling very good about asummer recovery.” Expedia … Read more
We’re a day away from what could be the first half-point hike from the Federal Reserve in 22 years. Kicking a busy central bank week was the first rate increase since 2010 from Down Under. So where next for stocks? In our call of the dayRBC Capital Markets equity analysts Lori Calvasina and Sara Mahaffy … Read more
The Chinese owner of Manhattan’s historic Waldorf Astoria hotel has been struggling to complete its plan for converting hundreds of guest rooms into luxury condos. The process has fallen at least two years behind the initial schedule and costs have ballooned, leading to the departure last week of the top US executive overseeing the project. … Read more
Text size Tesla Model 3 cars Jade Gao / AFP via Getty Images One of the largest US public pensions made material changes in its largest investments. State Teachers Retirement System of Ohio increased investments in Tesla (ticker: TSLA), Pfizer (PFE), and Starbucks (SBUX), and cut its holdings in Nike (NKE) stock in the first … Read more
Kate Quinn has excelled in previous novels at transforming real-life historical biography into page-turning fiction. With “The Diamond Eye,” she works her magic with the true story of Lyudmila Pavlichenko, a young woman who earned fame during World War II as a Red Army sniper credited with the deaths of over 300 Nazi soldiers. In … Read more
‘Money. What is money?’ a character asks, rhetorically, in Hernan Diaz’s novel “Trust.” “Commodities in a purely fantastic form . . . You can’t eat or wear money, but it represents all the food and clothes in the world. That is why it’s a fiction.” These words are spoken in 1938 by an Italian-American anarchist … Read more