Travel stocks rally, stay-at-home companies plunge as pandemic wanes and tourism rebounds

As travel industry executives tout the rapid resurgence of tourism and entertainment, the pandemic stock portfolio is getting turned upside down. Airlines stocks are rallying alongside online booking sites, ride-hailing companies and Airbnb, after earnings reports showed clear signs of a recovery in travel. At the same time, stay-at-home stocks are sagging as borders reopen … Read more

Goldman Sachs is cautiously optimistic on internet stocks. Here are its favorite picks

The logos of Google, Facebook, Instagram, Twitter, Snapchat and TikTok displayed on a computer screen. Denis Charlet | AFP via Getty Images There is still room to run for internet stocks that have dominated the market in recent years, but investors should get more selective, according to Goldman Sachs. Source link

5 side hustles for people in their 50s: Some could pay thousands of dollars per month

More than 61 million Americans plan to start a side hustle in 2021, according to a Zapier survey of 2,001 U.S. adults. And though a higher percentage of the younger generations like millennials have picked up side hustles ― 48%, according to Bankrate ― older generations are trying the trend as well. More than a … Read more

People are booking Christmas vacations earlier than ever before

What a difference a year can make. Last September, the travel industry agonized over a dearth of Christmas bookings. This September, some hotels are already fully booked for the holiday season.   People are reserving their Christmas vacations earlier this year, despite an unsettling rise in Covid-19 infections caused by the highly contagious delta variant. … Read more

Minorities and women are finally getting a seat at the IPO underwriting table

Cynthia DiBartolo, CEO, Tigress Financial Partners, at the New York Stock Exchange. Source: NYSE Robinhood’s highly anticipated IPO last month was led by Wall Street heavy hitters Goldman Sachs and JPMorgan Chase. But the extensive list of underwriters also included boutique minority-owned firms Ramirez & Co. and Siebert Williams Shank. Of the 17 firms that … Read more

Stock futures are flat after S&P 500 closes at another record high

Trader on the floor of the New York Stock Exchange. Source: NYSE Stock futures held steady in overnight trading on Thursday as the S&P 500 seeks to end a winning week on a high note. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 futures and Nasdaq 100 futures were both … Read more

Tech companies made big pledges to fight racism last year — here’s how they’re doing so far

Demonstrators gather at the Lincoln Memorial during a protest against police brutality and racism on June 6, 2020 in Washington, DC. Win McNamee Last June, social media feeds became flooded with corporate statements about how companies would promote racial equity within and beyond their workforce. The commitments came after the police murder of George Floyd … Read more

Health-tech company Doximity files for IPO and says doctors will get up to 15% allocation

Uber offered it to drivers. Airbnb did it for hosts. Now Doximity is providing it to doctors, but in a much bigger way. In its IPO prospectus on Friday, health-tech company Doximity — which is often described as the LinkedIn for doctors — said it’s allocating up to 15% of shares in the offering for … Read more

SoftBank’s Masayoshi Son says he expects even more massive returns from his Vision Fund portfolio

Masayoshi Son, chairman and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan. Kiyoshi Ota | Bloomberg | Getty Images Off the heels of a blowout quarterly report, SoftBank CEO Masayoshi Son told CNBC’s Andrew Ross Sorkin that he expects to see even more exits from companies in the … Read more

Cramer’s week ahead: The stock market can keep climbing ‘now that the Fed remains our friend’

The stock market rallied Friday as investors reacted to the worse-than-expected April jobs report, which indicates the Federal Reserve’s easy policy is unlikely to go anywhere soon, CNBC’s Jim Cramer said. “I know the conventional wisdom says sell in May and go away, but that stupid ditty needs to be retired, at least when it … Read more