Airbnb’s warning on U.S. demand ‘will likely only further stoke the soft-consumer thesis,’ analyst says
The home-sharing company said it is seeing “shorter booking lead times globally” in its earnings report. Source link...
MARKET
Instacart shares rally on a forecast boosted by restaurant orders
Shares of Maplebear Inc. — the online grocery-delivery company better known as Instacart — jumped in extended trading Tuesday after the company forecast a key demand metric that was above Wall Street’s expectations, as it looks to partner with bigger...
Tim Walz and J.D. Vance are both Diet Mountain Dew fans. Here’s why that could hurt the brand.
Mountain Dew has been associated with youth culture, but the brand could now be struggling to make that connection. Source link...
Fortinet’s stock set to bounce back after an upbeat earnings outlook
Shares are down on the year but up big in the extended session. Source link...
Reddit reports second-quarter revenue beat and narrower-than-expected loss
Reddit Inc. reported its second quarterly results as a public company Tuesday, with the social-media platform reporting better-than-expected revenue and a narrower-than-expected loss, and giving sales guidance that surpassed Wall Street’s expectations. Source link...
As inflation bites, parents are borrowing more than ever to pay for college
The annual Sallie Mae report on how America pays for college does not signal good news for next year, either. Source link...
Fed rate cuts could prove to be a double-edged sword when it comes to inflation
A day after U.S. recession fears swept global financial markets, a few things became clear. One of them is that if the Federal Reserve actually delivers as many rate cuts as traders currently expect, it could lead to a new...
Six reasons a recession is unlikely
Recessions are rarely if ever easy to see coming. But there’s little reason to expect one now even after last week’s poor jobs report and a meltdown in the stock market. Source link...
This Wall Street bear says it’s too soon to jump back into stocks after the selloff. Here’s why.
The risk of a bear market still remains if the economic slowdown becomes a recession in the second half of 2024, says Stifel’s Barry Bannister. Source link...
Why fiber company Lumen’s stock is extending its surge with an 80% pop
Lumen’s recent business wins around AI suggest “a greater amount of fiber-related demand should still be on the horizon,” a Citi analyst said. Source link...
