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Airbnb's first promotion a clear sign of its cross vertical ambitions: Bernstein
Investing.com -- Airbnb has launched its first-ever self-funded promotion, offering a 10% credit toward future stays or experiences on its platform when users book through HotelTonight, its last-minutInvesting.com
Thu, Mar 27
LIVE MARKETS-Prelude to PCE: GDP, jobless claims, pending home sales, et al
Main US indexes turn modestly greenCons disc up most among S&P 500 sectors; tech biggest laggardEuro STOXX 600 index down ~0.5%Dollar, bitcoin, crude decline; gold surges >1%U.S. 10-Year Treasury yield rises to ~4.38%Welcome to the home for real-time coverage of markets brought to you by Reut...Reuters
Thu, Mar 27
Car rental firms Avis Budget, Hertz shares surge
** Shares of some car rental firms surge in morning trading ** Avis Budget Group CAR.O and Hertz Global Holdings HTZ.O both up 24% ** U.S. President Donald Trump's plan of 25% tariffs on imported cars and light trucks raised prospects of consumers opting for car rentals instead of buying expensi...Reuters
Thu, Mar 27
FACTBOX-What's in Trump's new 25% tariffs on US auto imports?
March 27 (Reuters) - President Donald Trump on Wednesday followed through on weeks of threats for new tariffs on imported cars, saying a 25% import tax on vehicles not built in the U.S. would kick in next week.Trump will impose a 25% tariff - on top of previous duties - on imports of finished vehicl...Reuters
Thu, Mar 27
Jefferies plunges on profit miss, drags down rival investment banks
** Shares of investment bank Jefferies JEF.N fall ~9% to $54.99, with the sell-off spilling into the broader investment banking sector** Co's Q1 profit missed Wall Street estimates after market on Wednesday as bond trading weakened and deals were stalled due to uncertainty sparked by shifting U....Reuters
Thu, Mar 27
Gold miners gain as bullion prices edge up on Trump tariff tensions
** Shares of gold miners up, tracking a rise in prices of the bullion GOL/** Spot gold XAU= up ~1% at $3,054.55/ounce, after hitting an all-time high of $3057.78/ounce ** Gold prices rose as investors sought the safe-haven asset in response to escalating global trade tensions and tumbling...Reuters
Thu, Mar 27
FACTBOX-How investors buy gold and what drives the market
March 27 (Reuters) - Gold prices rose to a fresh all-time high on Thursday, bolstered by safe-haven inflows following U.S. President Donald Trump's announcement of new auto tariffs. Bullion prices touched a record high of $3,057.78 per ounce to mark a gain of over 15% this year. Here a...Reuters
Thu, Mar 27
Think Kyndryl Holdings is Expensive? This Chart Might Change Your Mind.
Kyndryl Holdings (NYSE: KD) looks like an expensive stock. The IT infrastructure specialist trades at 61 times GAAP earnings, and its free cash flows have been negative across the past four quarters. That's a lofty price-to-earnings (P/E) ratio, and many value investors will just walk away from Kynd...The Motley Fool
Thu, Mar 27
Car rental firms Hertz, Avis zoom as tariffs seen hurting new-vehicle demand
By Medha Singh and Sukriti Gupta March 27 (Reuters) - Shares of highly shorted Hertz HTZ.O and Avis Budget Group CAR.O surged on Thursday as U.S. President Donald Trump's plan to slap a 25% tariff on imported vehicles raised prospects of consumers opting for car rentals instead of buying expe...Reuters
Thu, Mar 27
Concentrix soars after quarterly profit beats estimates
** Customer experience firm Concentrix's CNXC.O shares rise ~35% to a six-month high of $61.73** Stock set for biggest percentage gain on record** On Wednesday, co reported Q1 adj profit of $2.79/share, above analysts' est of $2.58/share - LSEG** Co posted Q1 sales of $2.37 bln vs analysts&#...Reuters
Thu, Mar 27
EMERGING MARKETS-Mexican peso leads Latam FX lower as Trump's auto tariffs wobble markets
Latam currencies down 0.2%, stocks up 0.2%Mexico's peso weakens about 1% against the dollar Argentina targets $20 bln IMF dealMexico central bank expected to cut rates by 50 bpsBy Shashwat Chauhan March 27 (Reuters) - Most Latin American currencies weakened against the dollar on Thursday, as ...Reuters
Thu, Mar 27
CANADA STOCKS-TSX subdued as investors evaluate Trump's auto tariffs
By Sanchayaita Roy March 27 (Reuters) - Canada's main stock index struggled for direction on Thursday, a day after U.S. President Donald Trump's announcement of tariffs on auto imports intensified the global trade war.Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was d...Reuters
Thu, Mar 27
Soleno jumps as analysts say US nod for rare disease drug transforms treatment options
By Sneha S K and Bhanvi SatijaMarch 27 (Reuters) - Shares of Soleno Therapeutics SLNO.O jumped 40% in morning trading on Thursday, after the company's drug for a rare metabolic condition became the first such treatment to receive U.S. regulatory nod. Soleno's Vykat XR was approved late on W...Reuters
Thu, Mar 27
Is IonQ a Buy?
Quantum computing expert IonQ (NYSE: IONQ) is riding a Wall Street roller coaster these days. After trading largely sideways in their first three and a half years on the stock market, IonQ shares skyrocketed from $6.22 in early September 2024 to a $54.74 peak three months later. Fast-forward from ea...The Motley Fool
Thu, Mar 27
Prediction: Apple Will Soar Over the Next 5 Years. Here's 1 Reason Why.
There's no denying it. Apple (NASDAQ: AAPL) was not only late to the artificial intelligence party, but it has struggled to catch up.While the world was admittedly interested in Apple Intelligence's features unveiled in June of last year, demand for this tech -- as well as hardware that can handle i...The Motley Fool
Thu, Mar 27
Kyndryl shares slump after Gotham City alleges it manipulated metrics
March 27 (Reuters) - Shares of Kyndryl KD.N fell more than 11% on Thursday, after a research report from short-seller Gotham City alleged the IT services provider has manipulated certain financial metrics. Gotham City said Kyndryl manipulated its reported adjusted EBITDA and adjusted free cash flow ...Reuters
Thu, Mar 27
O'Reilly Automotive, AutoZone rise after Trump's planned auto tariffs
** Shares of auto parts retailers O'Reilly Automotive ORLY.O and AutoZone AZO.N rise and are among top S&P 500 .SPX performers on Thurs after Trump's latest tariffs salvo** ORLY stock up 3%, and AZO shares up 2.7%; peer Advance Auto Parts AAP.N up nearly 6%** U.S. President Donald Trump ...Reuters
Thu, Mar 27
Wolfspeed falls after it names Robert Feurle as CEO
** Shares of chipmaker Wolfspeed WOLF.N down 4% at $5.62** The company names chip industry veteran Robert Feurle as its CEO effective May 1** Feurle will succeed Thomas Werner, who will return to his role as chairman** In November, the company ousted top boss Gregg Lowe, without cause** Up to last c...Reuters
Thu, Mar 27
South African rand wobbles as markets await Trump's tariffs
JOHANNESBURG, March 27 (Reuters) - South Africa's rand weakened on Thursday as markets fretted over U.S. President Donald Trump's tariffs due next week. At 1407 GMT, the rand traded at 18.3375 against the U.S. dollar ZAR=D3, about 0.4% weaker than its previous close. Th...Reuters
Thu, Mar 27
