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

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

Beach holidaymakers are doing it wrong

Ah, summer time! Right now you may be longing for or even packing your dream vacation – a vacation full of rest and relaxation. Long, languid days of doing nothing, perhaps lying on the beach or entrenched in a cabin far from the city. Imagine how happy you will be. Then imagine how bored you … 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

AMC Entertainment plans ‘APE’ preferred stock dividend. Shares slide after profit.

AMC entertainment is finally giving the “monkeys” what they want. The cinema company linked its second-quarter earnings report with news that it is giving shareholders a special dividend from AMC Preferred Equity Units. AMC’s preferred stock will begin trading Aug. 22 on the New York Stock Exchange under the ticker “APE.” AMC (ticker: AMC) said … Read more

Stocks Rise on Services Data, Earnings

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Airbnb rocks to make a profit as rentals remain strong despite inflationary pressures

Updated Aug 2, 2022 6:21 PM ET Listen to article (2 minutes) Airbnb posted a profit in the second quarter on strong revenues as people continued to book suburban rental properties despite landlords raising prices. But the company issued a weaker-than-expected outlook that overshadowed otherwise strong results. The stock fell more than 9% in after-hours … Read more

This robot-driven macro fund outperforms its competitors. Here’s the good and bad news it has for markets.

The Deuterium Global Dynamic Allocation Fund is what its fund managers like to say is a glass, rather than a black box. It is built around a macroeconomic model that predicts a large number of economic variables in multiple countries, then combined with separate models for central bank policies, market valuation and price trends. What … Read more