07 May

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Miami’s Packed; Expedia Jumps By Investing.com

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By Christiana Sciaudone Investing.com -- Expedia (NASDAQ:EXPE) jumped 8% on better-than-expected results for the first quarter. A loss per share of $2.02 was better than the estimated loss of $2.30 on sales of $1.25 billion, higher than the forecasted $1.11 billion, according to data compiled by Investing.com. Beach and outdoor destinations have shown robust rebounds while major cities and business and international trips remain muted, the company said. “For our part, we continue to invest in bolstering our technology platform and in marketing where we can best get ahead of the...

07 May

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Dow Climbs as April Jobs Scare Tames Taper Tantrum Jitters By Investing.com

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By Yasin Ebrahim Investing.com – The Dow rallied Friday as an unexpectedly weak April jobs report cooled fears the Federal Reserve may be forced to tighten policy sooner than many expect to curb an overheating economy. The Dow Jones Industrial Average rose 0.49%, or 168 points, after hitting an intraday record high of $34,734.36. The S&P 500 was up 0.65%, and the Nasdaq Composite gained 0.87%. The U.S. economy created 266,000 jobs in April, below the 770,000 seen last month and well short of the 976,000 jobs economists had forecast. The move cast doubt somewhat on...

07 May

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Coach & Kate Spade Make a Comeback By Investing.com

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By Christiana Sciaudone Investing.com -- Do not underestimate the delight of a new handbag. Tapestry (NYSE:TPR), the owner of Coach and Kate Spade, jumped more than 5% after reporting that shoppers are getting back to it as they don non-lounge wear to take on the world outside of home. Earnings per share of 51 cents beat the average estimate of 30 cents on sales of $1.27 billion, which compares to the forecast of $1.21 billion, according to data compiled by Investing.com as analysts don't seem to fully appreciate the soothing effect of...

07 May

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Five EU countries say focus should be on vaccine production, not patents By Reuters

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By John Chalmers and Marine Strauss BRUSSELS (Reuters) - Five European Union countries distanced themselves on Friday from the idea of waiving patent rights on coronavirus vaccines, saying the key to ending the COVID-19 pandemic was making more vaccines quickly. Leaders of the 27-nation bloc were to discuss the suggestion, backed by U.S. President Joe Biden, at a two-day summit that opened in the Portuguese city of Porto on Friday, but are divided about its usefulness. Experts say waivers could take years to negotiate, and would not address the immediate need to manufacture more doses fast....

07 May

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Bitcoin Helps Square Revenue to Soar By Investing.com

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By Christiana Sciaudone Investing.com -- Bitcoin helped Square (NYSE:SQ) publish jaw-dropping results for the first quarter, pushing shares up almost 7%. Bitcoin revenue made up about 70% of the $5.06 billion total, which itself dwarfed the analyst average estimate of $3.32 billion, according to data compiled by Investing.com. Profit of 41 cents a share beat expectations of 17 cents. Of that $3.51 billion in bitcoin revenue, Square captured $75 million in gross profit during the first quarter of 2021, up approximately 11 times year-over-year. Bitcoin revenue and gross profit benefited from a year-over-year increase in the...

07 May

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FTSE 100 soars, big NFP miss sees weaker USD, yields fall By Investing.com

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Key Points FTSE 100 closing price of 7,130, +0.8% Second biggest Nonfarm Payrolls miss of all time USD weakens after data Yields tumble Cryptos steady ahead of Musk TV appearance By Samuel Indyk Investing.com – The FTSE 100 finished the week on a high note as a huge Nonfarm Payrolls miss has put any question of Fed tapering on the backburner for now. The US created just 266,000 jobs in April, well below the expected 978,000, while the March payrolls figure was also revised markedly lower. Shares in St. Modwen Properties (LON:SMP) were the...

07 May

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European stocks end at record high on strong German data, earnings By Reuters

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By Sruthi Shankar and Ambar Warrick (Reuters) - European stocks closed at a record high on Friday, marking strong weekly gains as positive economic data and upbeat earnings underpinned hopes of a swift economic recovery from the COVID-19 pandemic. The pan-European STOXX 600 index rose 0.9%% to a record high of 444.93 points. It added 1.7% this week- its best performance since mid-March. Global stocks rallied to record highs as investors scaled back expectations of policy tapering by the U.S. Federal Reserve, after data showed the U.S. labour market had a long road to recovery from...

07 May

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U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.79% By Investing.com

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Investing.com – U.K. equities were higher at the close on Friday, as gains in the Aerospace & Defense, Electrical and Industrial Metals & Mining sectors propelled shares higher. At the close in London, the Investing.com United Kingdom 100 added 0.79% to hit a new 52-week high. The biggest gainers of the session on the Investing.com United Kingdom 100 were Meggitt PLC (LON:MGGT), which rose 8.28% or 38.10 points to trade at 498.10 at the close. EasyJet PLC (LON:EZJ) added 5.64% or 58.50 points to end at 1095.00 and Tui AG (LON:TUIT) was up 3.97%...

07 May

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Britain reopens travel from May 17 but to just 12 destinations By Reuters

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LONDON (Reuters) - Britain will allow international travel to resume from May 17 but is limiting the number of destinations open for quarantine-free holidays to just 12 countries as it cautiously emerges from lockdown restrictions. Countries including Portugal and Israel made a green list of countries for low risk travel for people from England, transport minister Grant Shapps said on Friday. The most popular destinations such as France, Spain and Greece did not make the list. ...

07 May

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Blue hair hues signal bold make-up revival for new L’Oreal boss By Reuters

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By Sarah White PARIS (Reuters) - L'Oreal's make-up sales are set to bounce back to pre-COVID-19 pandemic levels, the French group's new chief executive said on Friday, with women opting for brighter colours in their post-crisis makeovers. Cosmetics groups were hit by shop closures and consumers shunning make-up during pandemic lockdowns, with many people spending online instead on items including premium skincare. Nicolas Hieronimus, a L'Oreal veteran has become CEO just as vaccinations alter the landscape again, prompting not only a return of products like mascaras but other changes the firm may have to...

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Miami’s Packed; Expedia Jumps By Investing.com

Dow Climbs as April Jobs Scare Tames Taper Tantrum Jitters By Investing.com

Coach & Kate Spade Make a Comeback By Investing.com

Five EU countries say focus should be on vaccine production, not patents By Reuters

Bitcoin Helps Square Revenue to Soar By Investing.com

FTSE 100 soars, big NFP miss sees weaker USD, yields fall By Investing.com

European stocks end at record high on strong German data, earnings By Reuters

U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.79% By Investing.com

Britain reopens travel from May 17 but to just 12 destinations By Reuters

Blue hair hues signal bold make-up revival for new L’Oreal boss By Reuters

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