National tourism revenue for the long weekend ended Monday reached 28.68 billion yuan ($4.16 billion), only 60.6% of pre-pandemic levels in 2019, according to China’s Ministry of Culture and Tourism. Pictured here are visitors to the Nantong Intercontinental Green Expo Park in Jiangsu province on Sept. 11, 2022. Vcg | Visual China Group | Getty
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In this article PTON Peloton on Monday announced the resignations of two of the company’s founders and another top executive, marking the end of an era for the struggling fitness-equipment company as CEO Barry McCarthy dramatically reshapes the business. Co-founder and former CEO John Foley resigned from his position as executive chairman of the board
People enter the Goldman Sachs headquarters building in New York, U.S., on Monday, June 14, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is planning on cutting several hundred jobs this month, making it the first major Wall Street firm to take steps to rein in expenses amid a collapse in deals volume.
In this article DIS The Disney+ Marvel website home screen on a laptop computer in the Brooklyn borough of New York, US, on Monday, July 18, 2022. Gabby Jones | Bloomberg | Getty Images Hot on the heels of San Diego Comic Con in July, Disney unveiled more information about its burgeoning Marvel Cinematic Universe
In this article DOCU RH ZS SPCE TSLA NAVI Check out the companies making headlines before the bell. DocuSign — Shares of the electronic signature company surged 16.4% after DocuSign’s quarterly numbers beat Wall Street expectations. DocuSign also shared revenue guidance for the third quarter above expectations and an outlook for the full year that
In this article DIS A masked family walks past Cinderella Castle in the Magic Kingdom, at Walt Disney World in Lake Buena Vista, Fla. Orlando Sentinel | Tribune News Service | Getty Images Disney‘s theme parks are on the rebound after the coronavirus pandemic shutdown its domestic and international locations in 2020. Revenue is growing
Christopher Waller, U.S. President Donald Trump’s nominee for governor of the Federal Reserve, speaks during a Senate Banking Committee confirmation hearing in Washington, D.C., U.S, on Thursday, Feb. 13, 2020. Andrew Harrer | Bloomberg | Getty Images Federal Reserve Governor Christopher Waller on Friday echoed recent sentiments from his colleagues, saying he expects a big
Brendan Hunt, Jason Sudeikis and Brett Goldstein star in AppleTV+’s “Ted Lasso.” Apple Is this the year of Apple TV+? The streamer’s historic Oscar win for Best Picture was overshadowed by an altercation between actor Will Smith and comedian Chris Rock in March, but big wins at Monday’s Emmys could cement the service as one
In this article REGN RH TSLA CAT The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio. Lisa Baertlein | Reuters Check out the companies making headlines in midday trading Friday. Zscaler — Zscaler surged 21.9% after reporting strong earnings in its most recent quarter. The company posted adjusted earnings of 25 cents per share
Shohei Ohtani #17 of the Los Angeles Angels pitches in the fifth inning against the Houston Astros at Angel Stadium of Anaheim on September 03, 2022 in Anaheim, California. Meg Oliphant | Getty Images The MLB approved several rule changes for the 2023 season that are aimed to speed up the pace of play and
In this article BLK Larry Fink, chief executive officer of BlackRock Inc. Christopher Goodney | Bloomberg | Getty Images Billionaire businessman and former New York Mayor Michael Bloomberg and the investing behemoth BlackRock have both recently issued their own strongly worded missives defending investments in climate solutions and clean energy and saying that requesting climate-related
A “For Sale” sign is seen outside a home in New York. Shannon Stapleton | Reuters The slowdown in the otherwise red-hot housing boom has been stunningly swift. The U.S. housing market surged during the pandemic as homebound people sought new places to live, boosted by record-low interest rates. Now, real estate agents who once
In this article ZS DOCU RH Interior Design area of the Restoration Hardware store in the Meatpacking District of New York. Source: RH Check out the companies making headlines after hours. DocuSign — Shares surged more than 17% after the electronic agreements company reported an earnings beat, and issued a third-quarter revenue forecast that was
In this article DWAC This illustration photo shows Donald Trump’s new social media app Truth Social, glitching on a smartphone in Los Angeles, February 21, 2022. Chris Delmas | AFP | Getty Images Digital World Acquisition Corp., the SPAC aiming to take former President Donald Trump’s media company public, adjourned its shareholder meeting until Oct.
Federal Reserve Chair Jerome Powell in an appearance Thursday emphasized the importance of getting inflation down now before the public gets too used to higher prices and comes to expect them as the norm. In his latest comments underlining his commitment to the inflation fight, Powell said expectations play an important role and were a
In this article GME SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will report third quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that
President Joe Biden will nominate Michael Barr to be the Federal Reserve’s top regulator in charge of big banks. Barr, who served as assistant Treasury secretary for financial institutions during the Obama administration, seen here at a Treasury Department meeting in Washington, D.C. on Nov. 30, 2010. Andrew Harrer | Bloomberg | Getty Images The
A “For Sale” sign outside a house in Albany, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Some homeowners are losing wealth as high mortgage rates weigh on home values, at least on paper, as the once red-hot housing market cools quickly. Sales have been slowing down for several