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Ski Tourism Faces a Boom or Bust Winter Season

  • Ski Tourism Faces a Boom or Bust Winter Season Ski Tourism Faces a Boom or Bust Winter Season 5:31
    How Airbnb Rebounded During the Pandemic How Airbnb Rebounded During the Pandemic 5:17
    'Selling Uncertainty:' Hotels Grapple With Restrictions, Tourism Decline 'Selling Uncertainty:' Hotels Grapple With Restrictions, Tourism Decline 5:02
    Hurricane Delta Weakens to Tropical Storm After Hitting Louisiana Hurricane Delta Weakens to Tropical Storm After Hitting Louisiana 1:58
8:57 a.m. Today - By Jacob Passy
Disney closes Hall of Presidents attraction to add Joe Biden animatronic --- some say it's time to end itSome are calling for the attraction to be removed, citing today’s political divisions.
5:56 a.m. Today - By Tomi Kilgore
DraftKings stock rallies after Morgan Stanley turns bullishShares of DraftKings Inc. rallied 2.2% in morning trading Wednesday, after Morgan Stanley analyst Thomas Allen turned bullish on the online sports betting company, citing a much bigger than expected total available market (TAM) for the iGaming industry. Allen said sports betting and iGaming revenue reached $3 billion in 2020, well above his forecast of $2 billion, with the strength of iGaming extending well beyond casino closures resulting from the COVID-19 pandemic. That suggests acquired customers will continue to make bets, leading to sports betting revenue that beats fourth-quarter expectations despite a weaker sports calendar, he said. Allen raised his rating on DraftKings to overweight, and boosted his price target to $60 from $39. He expects DraftKings' fourth-quarter revenue to beat Wall Street expectations by about 10%, and expects revenue from 2022 through 2025 to be more than 25% above current consensus. "We also expect [DraftKings] to start to talk about profitability in NJ, as FanDuel did, countering the beat thesis that the industry will never be profitable," Allen wrote in a note to clients. The company is projected to report fourth-quarter results in late February, with the FactSet revenue consensus at $231.8 million. The stock has climbed 23.2% over the past three months, while the S&P 500 has gained 11.6%.
Xenia Hotels & Resorts downgraded to underweight at Morgan Stanley
4:36 a.m. Today
4:25 a.m. Today - By Elisabeth Buchwald
‘Irresponsible’ and ‘long overdue’: What economists and workers say about Biden’s bid for a $15 minimum wage and end to tip creditsWorkers could benefit from higher wages, but many could lose their jobs as a result of a higher minimum wage and tipped credit elimination.
3:49 a.m. Today - By Tomi Kilgore
Marriott Vacations provides preview of fourth-quarter results, with VPG rising as tours droppedMarriott Vacations Worldwide Corp. provided Wednesday a preliminary look at fourth-quarter results, saying volume per guest (VPG) increased 9% from a year ago while tours declined 59% amid the COVID-19 pandemic. Contract sales for vacation ownership rose to $178 million, a 25% increase from the sequential third quarter; the average estimate, of the two analysts who provided estimates to FactSet, was $177 million ($173 million and $181 million). The vacation company said interval international exchange transactions for the quarter rose about 17% from a year ago, and the average revenue per member was down 4%. The company said it ended 2020 with about $1.3 billion in liquidity. The stock, which was still inactive in premarket trading, has run up 42.2% over the past three months while the S&P 500 has gained 10.3%.
12:14 a.m. Today - MarketWatch.com
Biden likely to tighten COVID travel restrictions from these countriesU.S. President-elect Joe Biden opposes the lifting of a ban on travelers from Europe and Brazil ordered by his predecessor President Donald Trump for Jan. 26, his incoming press secretary Jen Psaki tweeted on Monday.
4:36 p.m. Jan. 19, 2021 - MarketWatch.com
Feds won't charge Sen. Richard Burr with insider tradingThe Justice Department has closed an insider trading investigation into Republican Sen. Richard Burr without criminal charges, his lawyer and another person familiar with the investigation said Tuesday.
2:36 p.m. Jan. 19, 2021 - By Mike Murphy
Here's everything coming to Hulu in February 2021, and what's leavingHulu set to unveil a pair of Oscar contenders with 'Nomadland' and 'Billie Holliday' biopic.
12:23 p.m. Jan. 19, 2021 - By MarketWatch Automation
12:20 p.m. Jan. 19, 2021 - By MarketWatch Automation
12:17 p.m. Jan. 19, 2021 - By MarketWatch Automation
12:16 p.m. Jan. 19, 2021 - By MarketWatch Automation
12:03 p.m. Jan. 19, 2021 - By MarketWatch Automation
11:58 a.m. Jan. 19, 2021 - By MarketWatch Automation
11:36 a.m. Jan. 19, 2021 - By MarketWatch Automation
11:30 a.m. Jan. 19, 2021 - By MarketWatch Automation
4:08 a.m. Jan. 19, 2021 - By Jack Denton
Entain shares plummet as MGM walks away, while London markets absorb earnings reportsShares in sports betting and gambling company Entain nosedived in London trading on Tuesday, as MGM Resorts International said it didn’t plan to submit a revised proposal to buy the company.
3:58 a.m. Jan. 19, 2021 - MarketWatch
Royal Caribbean to sell Azamara line for $201MRoyal Caribbean Group said it is selling its Azamara luxury cruise line for $201 million in cash to private-equity firm Sycamore Partners, a move that would let the company focus on core operations after almost a year since onboard coronavirus outbreaks brought voyages to a halt in the U.S.
3:52 a.m. Jan. 19, 2021 - By Emily Bary
The COVID-19 earnings recession is expected to remain, but an end may be in sight After the holiday quarter snapped an earnings recession last year, the same is not expected this year --- but it isn't impossible, and may happen three months later.
3:12 a.m. Jan. 19, 2021 - By Tomi Kilgore
Norwegian Cruise extends cruise suspensions through April 30Norwegian Cruise Line Holdings Ltd. said Tuesday that it was extending its global cruise suspension through April 30. The suspension now includes all cruises on its Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises. The stock, which is up 1.3% in premarket trading, has rallied 54.3% over the past three months through Friday while the S&P 500 has gained 10.0%. The cruise operator had previously suspended all cruises through Feb. 28, and select cruises through March 31. Norwegian's suspension now matches that of Royal Caribbean Group , while Carnival Corp. said earlier in January that it would pause sailings of Princess Cruises through May 14. Although the Centers for Disease Control and Prevention (CDC) isn't suspending cruises, it currently recommends " ," because the risk of COVID-19 on cruise ships is "very high."
3:42 p.m. Jan. 18, 2021 - Barrons.com
Welcome to the Roaring ’20s, but Maybe Not for Stocks, Our Experts Say The 10 investment pros on the Barron’s Roundtable see the U.S. economy growing 4% to 6% this year as Covid is defeated. But lofty valuations could limit the market’s gains. Plus, 9 picks from Bill Priest and Meryl Witmer
10:38 a.m. Jan. 18, 2021 - MarketWatch.com
Carl Icahn nixes charity bid to blow up Trump's former Atlantic City casinoAn auction house trying to raise money for a youth charity by soliciting bids to blow up a former casino once owned by President Donald Trump called off the effort Monday after receiving a cease-and-desist letter from conservative billionaire Carl Icahn.
6:07 a.m. Jan. 18, 2021 - By Quentin Fottrell
My coworker owns 10 homes, 9 of which are rented. How did he get a stimulus check while I didn’t? ‘I happened to have inherited my mother’s house, so if I don’t qualify, that’s fine. I’m working’‘I happened to have inherited my mother’s house, so if I don’t qualify, that’s fine. I’m working.’
10:33 p.m. Jan. 17, 2021 - MarketWatch
Enlabs shareholders to reject Entain takeover bidSTOCKHOLM--A major Enlabs AB shareholder said Monday that a group of investors holding a combined 10.7% in the company have indicated they will reject Entain PLC's bid for the company. Alta Fox Capital Management LLC, which holds 3.34% of the shares in Enlabs, said it doesn't plan to tender any shares at Entain's current offer price.
1:53 p.m. Jan. 17, 2021 - MarketWatch.com
Starbucks closes some New York stores over protest worriesStarbucks closed some New York City stores on Sunday “out of an abundance of caution” as cities across the U.S. braced for protests and potential unrest ahead of President-Elect Joe Biden’s inauguration. Starbucks spokesperson Jessica Conradson said the Manhattan stores were expected to reopen Monday.
4:39 a.m. Jan. 17, 2021 - By Quentin Fottrell
Biden’s $1.9-trillion COVID-19 rescue plan is a ‘lifeline’ for millions of Americans President-elect Joe Biden said he will call for $1,400 stimulus checks and more vaccine funds in a new coronavirus economic relief package when he takes office this monthPresident-elect Biden said he will call for $1,400 stimulus checks and more vaccine funds in a new coronavirus economic relief package when he takes office this month.
4:35 a.m. Jan. 17, 2021 - By Quentin Fottrell
‘They get free money’: People will receive more stimulus payments and unemployment insurance. Why is there no accountability? ‘I’ve heard of one case where a young adult purchased a ‘new’ used car with cash. Another one is approaching the $13,000 mark in savings from unemployment’‘I’ve heard of one case where a young adult purchased a ‘new’ used car with cash. Another one is approaching the $13,000 mark in savings from unemployment.’
11:59 a.m. Jan. 16, 2021 - By Quentin Fottrell
‘Deaths of despair’ during COVID-19 have risen significantly in 2020, new research says They were disproportionately experienced by working aged men, driven in part by synthetic opioids, according to Casey Mulligan, professor of economics at the University of ChicagoThey were disproportionately experienced by working aged men, driven in part by synthetic opioids such as fentanyl, according to Casey Mulligan, professor of economics at the University of Chicago.
10:06 a.m. Jan. 16, 2021 - By Jacob Passy
Walt Disney World is eliminating these popular perks for hotel guestsThe perks were designed ‘to keep people inside the Disney bubble,’ one travel expert said.
8:25 a.m. Jan. 16, 2021 - MarketWatch.com
How to apply for the second round of PPP loans for small businessesQualifying businesses that need help beyond their initial loan will be able to apply for a second one. Here's how it works.
3:30 a.m. Jan. 16, 2021 - By John Scott Lewinski
Mexican Resorts Get Creative Amid PandemicProperties take advantage of work-from-home opportunities and focus on health and cleanliness
3:45 p.m. Jan. 15, 2021 - By MarketWatch Automation
3:29 p.m. Jan. 15, 2021 - By MarketWatch Automation
3:15 p.m. Jan. 15, 2021 - By MarketWatch Automation
3:13 p.m. Jan. 15, 2021 - By MarketWatch Automation
2:16 p.m. Jan. 15, 2021 - By MarketWatch Automation
1:50 p.m. Jan. 15, 2021 - By MarketWatch Automation
12:12 p.m. Jan. 15, 2021 - By MarketWatch Automation
11:46 a.m. Jan. 15, 2021 - By MarketWatch Automation
9:50 a.m. Jan. 15, 2021 - MarketWatch.com
‘Two weeks from shooting, I was still rewriting the script’There was a moment, early in the summer of COVID, when the forthcoming EPIX TV series “Bridge and Tunnel” looked doomed. Then the re-imagining began.
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