Mateusz Slodkowski | Lightrocket | Getty ImagesAirbnb launched a redesigned app on Tuesday to showcase the company’s push to let travelers book services, like catering and personal training, at their home rentals.The new-look app marks a new chapter for Airbnb to expand beyond home stays. The company has previously announced plans to invest $200 million to $250 million in a new business that it said it hopes will become a significant driver of future revenue growth.”We now feel like we have such a strong foundation that we are capable of building and expanding,” Dave Stephenson, Airbnb’s business chief, told CNBC.The…
Author: usaeverydaylife
In the face of U.S. tariffs, Honda said on Monday that it would shift production of one of its popular vehicles from Ontario to a U.S. factory and postpone an $11 billion plan to make electric vehicles and batteries in Canada.The announcement came less than a month after Honda denied a report in the Japanese media that President Trump’s tariffs would force it to pull back in Canada.It also poses a major challenge for Prime Minister Mark Carney of Canada, who won a stunning victory in last month’s election after portraying himself as the leader best suited for dealing with…
Josh Brown, CEO of Ritholtz Wealth Management, said Tuesday he added to his position in Toast , a payments company for restaurants that just posted its latest quarterly results. “I’ve been involved in the stock for a while, and I bought the name right before the numbers because I like when you see strength going into the numbers,” Brown said on CNBC’s ” Halftime Report .” Toast, whose payments technology is popular in restaurants and cafes, saw shares jump about 4% Tuesday. Last week, the company posted its first-quarter report , as well as solid guidance for the current quarter…
Check out the companies making the biggest moves midday: Nvidia — The chipmaker jumped 6% following the announcement it will sell more than 18,000 of its artificial intelligence chips to Saudi Arabian company Humain to be used in the latter’s 500 megawatt data center. UnitedHealth Group — The insurance stock tumbled 16% to trade at lows not seen since February 2021. The sell-off came after the company said CEO Andrew Witty is stepping down for “personal reasons.” The company also pulled its 2025 guidance partly due to higher medical costs, which dragged down other insurance stocks. Coinbase — Shares rallied…
Peter Coker Sr. outside U.S. District Court in Newark, New Jersey, March 15, 2023.Dan Mangan | CNBCNorth Carolina businessman Peter Coker Sr., who pleaded guilty in a scheme to fraudulently pump up the stock of the infamous $100 million New Jersey deli corporation and a related shell company, was sentenced Tuesday to six months in jail.Coker Sr. also was ordered to serve six months of home confinement after his release, pay a $500,000 fine, and pay up to $644,000 in restitution.”I do stand before you extremely remorseful for my actions,” Coker Sr. said as his wife, daughter, grandchildren, and friends…
UBS Wealth on Tuesday moved to the sidelines on U.S. stocks, casting doubt on the recent rally even as others on Wall Street have grown more bullish. Mark Haefele, the firm’s investment chief, downgraded U.S. equities to neutral from attractive, noting he is not bearish or telling clients to sell but rather “taking advantage” of the runup in stocks over the past month after investors had grown too pessimistic in early April after the U.S. announced its new tariff policy. Haefele’s latest skepticism reverses an upgrade to U.S. stocks that he made on April 10, the day after President Donald…
Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023.Michael Nagle | Bloomberg | Getty ImagesCoinbase shares soared more than 20% on Tuesday and headed for their sharpest rally since the day after President Donald Trump’s election victory following the crypto exchange’s inclusion in the S&P 500.S&P Global said in a release late Monday that Coinbase is replacing Discover Financial Services, which is in the process of being acquired by Capital One Financial. The change will take effect before trading on Monday.Stocks added to the S&P 500…
The recent 90-day suspension of tariffs between the U.S. and China could translate into future gains for chipmakers Nvidia and Advanced Micro Devices , according to Piper Sandler. The agreement announced Monday puts China’s tariffs on U.S. goods at 10%, while the total U.S. tariff rate on Chinese imports stands at 30%. Lower restrictions on exports of semiconductors may result from future trade talks between the U.S. and China, Piper analyst Harsh Kumar said. Treasury Secretary Scott Bessent told CNBC on Monday that the U.S. is likely to meet with Chinese officials ” in the next few weeks ” to…
Senate Minority Leader Chuck Schumer (D-NY) speaks at a press conference with other members of Senate Democratic leadership following a policy luncheon at the U.S. Capitol in Washington, DC May 6, 2025. Nathan Posner | Anadolu | Getty ImagesSenate Minority Leader Chuck Schumer announced Tuesday that he is putting a hold on Department of Justice political nominations in protest of President Donald Trump’s plans to accept a roughly $400 million luxury jet from Qatar.”This is not just naked corruption, it is also a grave national security threat,” Schumer said from the Senate floor, as he demanded answers from the Trump…
U.S. President Donald Trump speaks at the Saudi-U.S. Investment Forum, in Riyadh, Saudi Arabia, May 13, 2025. Hamad I Mohammed | ReutersThe U.S. will remove all sanctions on Syria, President Donald Trump announced Tuesday.”I will be ordering the cessation of sanctions against Syria in order to give them a chance at greatness,” Trump told a packed auditorium in Riyadh, Saudi Arabia during the first appearance of his four-day visit to the Middle East.”In Syria, which has seen so much misery and death, there is a new government that will hopefully succeed in stabilizing the country and keeping peace. That’s what…
