Consumers still spend on pleasure

Listen to article (2 minutes) Americans spend money on travel and entertainment in the summer and spend their money on experiences outside the homes where they spent the early years of the pandemic. This week, a slew of leisure-focused companies reported strong results. Hotel chains said tourists are spending top dollars for rooms, and cruise … Read more

Tesla and Ford attract new investments from George Soros’ fund

Billionaire George Soros’ investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing interests in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday. The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ending in June, the filing showed. … Read more

Tesla and Ford attract new investments from Soros’ fund

Billionaire George Soros’ investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing interests in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday. The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ending in June, the filing showed. … Read more

Do these workouts the next time you’re stuck in a hotel gym

Photo: rockukhon lam (Shutterstock) Now that you know how to plan a hotel gym?, the next step is knowing what to do when you get there. Hotel gyms are often quite bare bones, so you’ll need to make the most of limited equipment and, often, lighter weights than you may want. But that doesn’t mean … Read more

Disney reports profit increase, adds 14.4 million new Disney+ users

Walt Disney reported better-than-expected revenue growth of 26%, driven by record results in the theme parks division and the addition of more-than-expected new subscribers to its flagship streaming video platform Disney+. Disney+ gained 14.4 million new subscribers in the three-month period to July 2, almost all of them from outside North America. Analysts expected 10 … Read more

Fears that lengthy delays in processing visas for skilled migrants will exacerbate the crisis in hospitality skills

Long-term hospitality workers are as rare as chicken teeth in the Queensland outback. Most important points: Families are being broken up between countries due to long delays in processing visas for skilled migrants It could take more than six months for the government to clear a backlog of nearly a million unprocessed visas Business owners … Read more

London hotels ‘coming back soon’ despite fewer business travelers

l Ondon’s recovering hotel industry has still not caught up to pre-Covid demand as hospitality in the capital suffers from a shortage of business travelers, says InterContinental owner IHG. Revenue per room in London was 10% behind 2019 levels in the first six months of the year, IHG reported, while revenue from the regions was … Read more

AMC aims for huge debt burden with special dividend ‘APE’

AMC Entertainment Holdings Inc. surprised Wall Street with the announcement of the special “APE” dividend after the market closed on Thursday. This is, of course, a company that is no stranger to bold moves, as evidenced by the cinema chain’s $27.9 million investment in gold and silver miner Hycroft Mining Holding Corp. HYMC, -5.37% earlier … Read more

Mario Kart 8 Leak May Have Clues About Future DLC Courses

Screenshot: Nintendo Nintendo has not revealed what the majority of Mario Kart 8The new jobs will be, but players think they already know thanks to some clues allegedly left behind in the latest DLC files. Dataminers say the latest update has a bunch of leftover music references pointing to what 14 of the remaining 32 … Read more