Airbnb said Tuesday revenue in the recently ended quarter topped $2 billion as people shook off pandemic worries and took part in a banner travel season.. Airbnb expects to set a new revenue record in the current quarter, bringing in between $2.78 billion and $2.88 billion.
Robinhood on Tuesday said it is laying off nearly a quarter of its employees as inflation and a crypto market crash cripple activity on the stock trading platform.. "Since that time, we have seen additional deterioration of the macro environment, with inflation at 40-year highs accompanied by a broad crypto market crash," Tenev said.
Starbucks reported lower quarterly profits Tuesday despite higher sales, as strong demand and price increases in North America mitigated the hit from Chinese lockdowns.. The company's profit margins in North America declined on higher commodity and labor costs, a trend partially offset by higher prices.
Hundreds of thousands of people tuned in to a flight tracking website Tuesday anxious to find out whether US official Nancy Pelosi was in fact going to Taiwan, in defiance of China's angry protests.. It's significant because Pelosi, second in line to the presidency, is the highest-profile elected US official to visit Taiwan in 25 years and Beijing has made clear that it regards her presence as a major provocation.
US households have continued to take on more debt, in part to deal with soaring prices, a report showed Tuesday, while cases of borrowers unable to pay loans are creeping up in a troubling sign of things to come.. "The second quarter of 2022 showed robust increases in mortgage, auto loan, and credit card balances, driven in part by rising prices," said Joelle Scally, of the New York Fed's Center for Microeconomic Data.
Seven-time Formula One world champion Lewis Hamilton has joined the ownership group of the NFL's Denver Broncos, the team announced Tuesday.. "We're delighted to welcome seven-time Formula One world champion Sir Lewis Hamilton to our ownership group," Walton said in a statement.
US video games giant Electronic Arts will replace Spanish bank Santander as the title sponsor of La Liga from summer 2023, the league announced on Tuesday. . California-based Electronic Arts and its EA Sports franchise are the publishers of the popular video game FIFA, although the company will end its long association with the governing body of world football in 2023 and rebrand the game EA Sports FC. Liga giants Barcelona have also recently announced two deals with tech companies saying they would add to the football experience.
Strong industrial demand in most leading markets lifted Caterpillar's results in the latest quarter, but the US heavy equipment maker said Tuesday it faced persistent supply chain problems.. "It takes a while for those kind of changes to work their way through the supply chain."
Luxury Italian carmaker Ferrari raised its financial targets for the year on Tuesday after reporting record orders in the second quarter.. "Also the net order intake reached a new record level in the quarter."
British Airways on Tuesday suspended ticket sales for short-haul London Heathrow flights until at least Monday, in order to meet the hub's request to cap flights due to staff shortages.. BA has already axed thousands of short-haul flights this year as it struggles to meet strengthening demand with sufficient staff.
