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☆ Soros Fund adds First Horizon, Horizon Therapeutics and bond ETF
▼ + stars: | 2023-02-14 | by ( Carolina Mandl | ) www.reuters.com time to read: +2 min

Soros disclosed a $325.3 million stake, or 2.9 million shares, in biotech firm Horizon Therapeutics (HZNP.O), which was bought by Amgen (AMGN.O) in December for nearly $28 billion. The firm also bought 2.8 million shares, valued at $90 million, in home health assessment firm Signify Health (SGFY.N). It added $209.1 million, or 8.5 million shares, in Memphis-based financial services company First Horizon, which was acquired by Toronto-Dominion Bank (TD.TO) roughly a year ago for $13.4 billion. Shares in Zoom Technologies Inc (ZTNO.PK) and Airbnb Inc (ABNB.O) were sold, while it reduced its holdings in Amazon.com (AMZN.O), by 54.5%, to 901 million shares. The regulatory filing also showed Soros bought $255 million in an investment grade corporate bond ETF.

REUTERS/Gonzalo FuentesPARIS, Feb 13 (Reuters) - Airbnb (ABNB.O) is offering a night for two in the Palais Garnier opera house in Paris this summer, transforming a box in the theatre into a plush bedroom with sweeping views of the famous auditorium. Before the pandemic, Airbnb had created other unusual overnight stays in the French capital, one of its key markets. The Palais Garnier stay includes a music recital, dinner in an ornate rehearsal room backstage and a behind-the-scenes tour of the elaborate 19th century building, including its underground pool, the inspiration for the phantom's lair in the book and musical. The Palais Garnier stay will be listed on March 1 for 37 euros, also the number on the box, one of the theatre's most prestigious, which will be decked out with antique furniture specially for the night. I think it will be a bit unreal," said Veronique Dubrulle Leroux, the great-granddaughter of Phantom of the Opera author Leroux, who will host the visitors.

☆ Key inflation data in the week ahead will offer clues to future Fed rate moves and the market's path
▼ + stars: | 2023-02-11 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Looking forward The January consumer price index (CPI) , which calculates the average change over time in prices that shoppers pay for goods and services, is slated for Tuesday. Economists and investors will use the number to gauge the odds of a soft landing or hard landing for the economy. The producer price index (PPI) for January, which calculates the change in selling prices received by producers of goods and services, is out on Thursday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Evercore ISI says look for these value names with momentum to outperform as inflation falls
▼ + stars: | 2023-02-06 | by ( Patti Domm | In | ) www.cnbc.com time to read: +3 min

He screened the Russell 1000 for "valmentum" stocks that he expects will outperform and have characteristics of both growth and value. Stocks on the list have a high level of short interest, as well as good growth momentum and strong free cash flow yield, which is a value trait. It's a stock picker's market," said Emanuel, who heads Evercore ISI equity, derivatives and quantitative strategy. Airbnb has an estimated free cash flow yield of 5% and expected earnings growth this year of more than 9%. Booking's free cash flow is expected to be 5.4% this year, and its earnings are expected to grow 26.4%.

FTX said in a court filing in Wilmington, Delaware, late on Wednesday that the DOJ's proposed review would only add cost and delay to its bankruptcy case. As part of its own investigation, FTX asked U.S. Bankruptcy Judge John Dorsey, who is overseeing its Chapter 11 proceedings, to help it secure documents from Bankman-Fried, members of his family and other insiders with information about FTX transactions that used "misappropriated and stolen" funds. FTX is also seeking information about political donations by Mind the Gap, a political action committee founded by Barbara Fried, and Guarding Against Pandemics, an advocacy organization founded by Sam Bankman-Fried and his brother, Gabriel Bankman-Fried. The U.S. Department of Justice's bankruptcy watchdog has called for an independent investigation into its collapse, a request that received backing from a bipartisan group of U.S. senators. Sam Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, has pleaded not guilty to fraud charges.

[1/2] The logo of FTX is seen at the entrance of the FTX Arena in Miami, Florida, U.S., November 12, 2022. REUTERS/Marco Bello/File PhotoZURICH/LONDON, Jan 26 (Reuters) - Financial watchdogs and government agencies from the United States, Japan and Switzerland are among creditors of bankrupt crypto exchange FTX, as well as companies including Airbnb and crypto giant Binance, a court filing has shown. A host of companies from traditional industries and the crypto sector, including Airbnb Inc (ABNB.O) and Binance, the world's largest crypto exchange and once an arch-rival of FTX, were also cited as creditors. FTX said last year it owed its 50 biggest creditors nearly $3.1 billion. FTX founder Sam Bankman-Fried, who has been accused of stealing billions of dollars from FTX customers to pay debts incurred by his crypto-focused hedge fund, has pleaded not guilty to fraud charges.

☆ EU court rules Airbnb must provide rental info to tax authorities
▼ + stars: | 2022-12-22 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, Dec 22 (Reuters) - Short-term accommodation services company Airbnb (ABNB.O) must provide information in rental contracts to tax authorities and withhold tax under a national regime, the European Union's top court ruled on Thursday. The Italian court subsequently sought guidance from the Court of Justice of the European Union (CJEU). "EU law does not preclude the requirement to collect information or to withhold tax under a national tax regime," the EU court said in a statement. But an Airbnb spokesperson said the company was already supporting the correct payment of host income tax by implementing the EU's agreed common tax reporting framework. "We will continue to make progress on the EU's bloc-wide approach to income tax reporting while we await the final decision of the Italian court," the Airbnb spokesperson said.

☆ Here are Tuesday's biggest analyst calls: Amazon, Tesla, Home Depot, Pfizer, Pinterest, Nike & more
▼ + stars: | 2022-12-13 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs upgrades Pfizer to buy from neutral Goldman said that it's bullish Pfizer's upcoming pipeline. Citi downgrades Robinhood to neutral from buy Citi said that Robinhood's outlook is too murky right now. Goldman Sachs upgrades Humana to buy from neutral Goldman upgraded the healthcare company and says it sees "improved competitive positioning." Citi initiates Wayfair and Etsy as buy Citi said it sees an attractive risk/reward outlook for Wayfair and Etsy . Citi initiates Carvana as neutral Citi said the online used car company needs to focus on profitability.

☆ Here's why we're overhauling our Bullpen watch list — adding five stocks and removing two
▼ + stars: | 2022-12-09 | by ( Jeff Marks | ) www.cnbc.com time to read: +13 min

We're making several updates to our Bullpen watch list: adding five names, including Caterpillar (CAT), and removing two. Also, adding a stock to the Bullpen does not necessarily mean we would buy it at the current price. Let's go company by company to explain the reasons behind the additions and the removals. 5 stocks added to the Bullpen This aerospace and defense company was formed in 2020 through the combination of Raytheon Company and United Technologies Corporation's aerospace business. 2 stocks removed by the Bullpen We put Barrick Gold in the Bullpen back in March, thinking investors may seek out gold stocks as a safe haven during times of crisis.

☆ S&P, Nasdaq extend losing streaks amid rising recession worries
▼ + stars: | 2022-12-07 | by ( David French | ) www.reuters.com time to read: +5 min

[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 29, 2022. For the benchmark S&P 500 (.SPX), it was the fifth straight session that it has declined, while the Nasdaq (.IXIC) finished down for the fourth time in a row. The S&P 500 (.SPX) lost 7.34 points, or 0.19%, to close at 3,933.92 and the Nasdaq Composite (.IXIC) dropped 56.34 points, or 0.51%, to finish at 10,958.55. The S&P 500 is on track to snap a three-year winning streak. The S&P 500 posted seven new 52-week highs and seven new lows; the Nasdaq Composite recorded 61 new highs and 307 new lows.

☆ Morgan Stanley downgrades Airbnb on travel demand concerns, see shares falling the next 12 months
▼ + stars: | 2022-12-07 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

After a tough year, Morgan Stanley sees even more downside for Airbnb . Nowak pointed to potentially slowing active listings growth over the next few years as a key risk for the stock. Slowing listings also makes Morgan Stanley's bear case on the stock more likely, the analyst said. He noted that the stock could fall as low as $60 per share, which would be 35.6% below Tuesday's close. Earlier this year, sources told CNBC that Airbnb was closing its domestic business in China.

☆ Stocks making the biggest moves premarket: Campbell Soup, Pinterest, Toll Brothers and others
▼ + stars: | 2022-12-07 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines before the bell:Campbell Soup (CPB) – Campbell Soup beat estimates by 14 cents with adjusted quarterly earnings of $1.02 per share. Pinterest (PINS) – Pinterest rose 1.2% in premarket trading after an official from activist investor Elliott Management was added to the image-sharing website operator's board of directors. Carvana tumbled 18.2% in premarket trading. Dave & Buster's (PLAY) – Dave & Buster's shares slid 3.9% in premarket action even though its quarterly profit matched analyst estimates. Airbnb (ABNB) – Airbnb fell 3.8% in premarket trading after Morgan Stanley downgraded the stock to underweight from equal-weight.

☆ Airbnb has promise as the quasi-immobility firm
▼ + stars: | 2022-11-30 | by ( Lauren Silva Laughlin | ) www.reuters.com time to read: +3 min

NEW YORK, Nov 30 (Reuters Breakingviews) - Airbnb (ABNB.O) is a boon to mobile travelers - but soon might benefit from immobile, old-school renters too. But the deal, which secures buy-in from large housing managers that should otherwise hate Airbnb, makes sense in a post-pandemic era. The agreement paves the way for some of America’s largest landlords to list their empty abodes for traditional long-term leases on Airbnb. Still, Covid-19 has fundamentally changed people’s habits in a way that could benefit both Airbnb and the apartment rental firms – if they innovate. In the past, that has enabled apartment companies to hold their tenants hostage to an extra couple of months’ rent.

☆ Airbnb launches service allowing American renters to host apartments
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - Airbnb Inc (ABNB.O) said on Wednesday it is introducing a new listing service in the United States that will help renters find an apartment where they can host part-time. "As the cost of living continues to rise, renters can use the extra income earned by hosting part-time on Airbnb to contribute to their rent, save for a home, or pay for other living expenses," Airbnb co-founder Nathan Blecharzyck said. The short-term rental firm has partnered with more than 175 buildings in 25+ cities across the United States, the company said in a blogpost. Landlords who partner with the new listing service will get a share of the total booking revenue from Airbnb sublets - 20% in most cases, the WSJ report added. Renters have hosted on average nine nights per month and earned on average $900, Airbnb said.

[1/2] Soccer Football - FIFA World Cup Qatar 2022 - World Cup Accommodation - Doha, Qatar - November 28, 2022 General view of Barwa Barahat al Janoub complex which is some of the cheapest accommodation available for World Cup fans in Qatar REUTERS/Charlotte BruneauAL WAKRAH, Qatar, Nov 29 (Reuters) - For tens of thousands of World Cup fans, home base in Qatar is a concrete complex on the edge of the desert, next to a slaughterhouse and a set of high-voltage electrical wires. The new complex, which features 1,404 clusters of three-storey buildings laid out in a grid of narrow streets, was designed to house some 67,000 low-income workers - a group that makes up the majority of Qatar's 3 million population - who are expected to move in some time after the World Cup. I was saving money since like the last two years," said Sandipan Bhowmick from India, who is attending his first World Cup. Sombrero-toting Mexicans, flag-draped Moroccans and a group of Brazilians singing "Ole, Ole, Ole" emerge from buses and taxis. Reporting by Andrew Mills and Charlotte Bruneau; Writing by Andrew Mills; Editing by Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

☆ Here are Tuesday's biggest analyst calls: Apple, Amazon, Costco, Alphabet, Nvidia, Coinbase & more
▼ + stars: | 2022-11-22 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Cowen downgrades Peloton to market perform from outperform Cowen said there's too much uncertainty around the stock. "We downgrade PTON to Market Perform on challenging post-pandemic trajectory and demand uncertainty amid turnaround effort." Cowen downgrades Lyft to market perform from outperform Cowen said it sees macro and insurance cost headwinds. Cowen downgrades Wayfair to market perform from outperform Cowen downgraded the stock due to macro headwinds. Morgan Stanley reiterates Alphabet as overweight Morgan Stanley said its survey checks show that "GOOGL's position at top of e-com funnel remains strong."

☆ Airbnb says single-room listings jump amid cost-of-living crisis
▼ + stars: | 2022-11-16 | by ( Abhijith Ganapavaram | ) www.reuters.com time to read: +2 min

Nov 16 (Reuters) - Airbnb Inc (ABNB.O) said on Wednesday it had recorded a "disproportionate" 31% rise in single-room listings on its platform in the third quarter, as more people sought extra income in the face of a cost-of-living crisis. The company said property listings rose across regions, without disclosing specific numbers, and to aid the growth, it unveiled an app update on Wednesday to make the process easier. Some popular tourist destinations have, however, blamed the company for aggravating housing shortages, as landlords increasingly rent out properties to vacationers amid a surge in travel, rather than going for long-term tenants. It is also expanding its 'categories' feature, which will allow users to book vacations without entering a destination. Reporting by Abhijith Ganapavaram in Bengaluru and additional reporting by Doyinsola Oladipo in New York; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

TORONTO, Nov 11 (Reuters Breakingviews) - Some members of the shared economy are seeing a resurgence in the side hustle as inflation bites. People are becoming more interested in driving for Uber Technologies (UBER.N) and listing their abodes on Airbnb (ABNB.O) in order to make an extra buck. U.S. President Joe Biden last month proposed a new gig worker rule that could fundamentally change how companies classify their workers. But the shared economy seems to be holding up fine, even if the economy isn’t. Uber Technologies on Nov. 1 said revenue grew 72% year-on-year to $8.3 billion in the third quarter.

The banks are now less conservative in counting expected rental income when assessing loan applications, said the four sources. In September, about a third of new bank mortgage lending was for investment. On Nov. 12, NAB will also halve its discount on rental income to 10%, including for Airbnb-like short-term rentals, the sources said. NAB, Westpac and ANZ trail market leader Commonwealth Bank of Australia (CBA.AX), which has a quarter of the mortgage market. Commonwealth continues to apply a rental income discount of 20% on mortgage applications, a sixth source said.

☆ TripAdvisor tumbles on profit miss, Q4 revenue slowdown outlook
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +2 min

Nov 8 (Reuters) - TripAdvisor Inc's (TRIP.O) shares sank about 19% in premarket trade on Tuesday, a day after the online travel firm reported a weak quarterly profit and flagged a slowdown in revenue in the current quarter. Shares of the company were trading at $19.17 before the bell and were on course to open at their lowest level since August. Currency fluctuations, primarily in euros, shaved off revenue growth by about 11 percentage points during the third quarter, compared with a year earlier. The firm also flagged that its revenue is set to rise in low-single digits compared with 2019 levels, implying a modest slowdown from third quarter. The company also beat revenue estimates, helped by sustained demand for travel and dining.

☆ EU wants Airbnb, rivals to share bookings data with authorities
▼ + stars: | 2022-11-07 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

The Commission's proposal marks an effort to tackle the patchwork of different national laws across the EU regulating Airbnb and its rivals, while trying to balance the interests of cities and rural areas. "They will also tackle the current fragmentation in how online platforms share data and, ultimately, help prevent illegal listings. Reuters exclusively reported on the Commission's proposal on Nov. 3. Under the proposed rules, Airbnb and its peers will have to share data about the number of guests and rented nights with public authorities, once a month, in an automated way. The proposal will need to be agreed with EU countries and EU lawmakers before it can become law.

☆ Airbnb changes price display on app after customer complaints
▼ + stars: | 2022-11-07 | by ( ) www.reuters.com time to read: +1 min

Nov 7 (Reuters) - Airbnb Inc's (ABNB.O) chief executive tweeted on Monday that the vacation rental company would make changes in the way it displays prices on its platform after it faced customer complaints. "I've heard you loud and clear—you feel like prices aren't transparent and checkout tasks are a pain," CEO Brian Chesky tweeted. Chesky said Airbnb would make four changes starting next month, where guests would be able to see the total price they are required to pay up front. The San Francisco-based company will prioritize the total price instead of a nightly fare in its search ranking algorithm, Chesky said. Addressing customer complaints about guests having to complete checkout tasks, Chesky said guests should not have to do "unreasonable checkout tasks such as stripping the beds, doing the laundry, or vacuuming".

☆ Cramer: Why tech can't find a bottom as other parts of the market show signs of life
▼ + stars: | 2022-11-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +10 min

The Carvana and Zillow calls aren't resonating because the autos and housing companies have already seen their stocks crushed. At the same time, these once-thriving tech companies that saw an ever-expanding funnel somehow didn't seem to see any of this coming. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ What Cramer is watching Friday — Starbucks soars on China hope, jobs growth still strong
▼ + stars: | 2022-11-04 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Club holding Coterra Energy (CTRA): In Q3, nearly 500% year-on-year revenue growth to $2.52 billion. Cowen downgrades, sees acute pressure from worsening macro; management pulled 30% growth target. Warner Bros Discovery (WBD): $2.5 billion in cash, $50 billion in gross debt. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ EXCLUSIVE Airbnb faces light-touch regulation under EU plan -sources
▼ + stars: | 2022-11-03 | by ( Foo Yun Chee | ) www.reuters.com time to read: +2 min

BRUSSELS, Nov 3 (Reuters) - The European Commission will propose light-touch rules for Airbnb (ABNB.O) and other short-term home rental companies, people familiar with the matter said. Under the draft rules, short-term home rental companies will have to provide data on numbers using their services and how many nights they stay to national authorities, they said. The data will be stored at a single digital entry point available to all public authorities, one of the people said. Airbnb did not immediately respond on Thursday to a request for comment on the draft plans. The proposed legislation will need to be thrashed out with EU member states and the European Parliament next year before it can become law.

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