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Airbnb Bet Big on the Olympic Games. Covid Left Hosts in Tokyo Paring Losses

  • Airbnb Bet Big on the Olympic Games. Covid Left Hosts in Tokyo Paring Losses Airbnb Bet Big on the Olympic Games. Covid Left Hosts in Tokyo Paring Losses 6:03
    Deadly China Hotel Collapse: Rescuers Search for Survivors Deadly China Hotel Collapse: Rescuers Search for Survivors 1:08
    Sotheby's Global View Sotheby's Global View 2:47
6:09 a.m. Oct. 21, 2021 - By Steve Gelsi
WeWork shares rise in trading debut after SPAC merger closesWeWork Inc. moved into positive territory on Thursday, as shares climbed 7.9% to $11.20 in their first day of public trading. The company has completed its previously announced merger with the special purpose acquisition company BowX Acquisition Corp. SoftBank, which has taken an $8.2 billion write-down for its investment in the company, currently holds a 56% equity stake in WeWork. As announced in March, the merger between BowX and WeWork valued the company at about $9 billion and provided $1.3 billion of cash to WeWork, which rents out office space to gig workers. WeWork executive chairman Marcelo Claure said SoftBank "is proud to support WeWork" and that the company "is leading one of the biggest disruptions in commercial real estate with a workspace solution that has never been more in demand."
3:26 a.m. Sept. 20, 2021 - By Tomi Kilgore
Tesla, Nio stocks fall as Li Auto deliveries warning, Evergrande fears weighShares of China-based electric vehicle makers, and of Tesla Inc. , took a hit ahead of Monday's open, amid a one-two punch of Li Auto Inc.'s and worries that could default this week. Shares of Nio Inc. sank 4.0% toward a four-month low, Xpeng Inc. slid 4.4% and Li Auto shed 5.7%. Tesla's stock slumped 2.8%, putting them on track to snap a four-day win streak. Tesla recorded $5.90 billion in revenue from China in the first six months of 2021, or 26.4% of total revenue, after recording $2.30 billion in China revenue, or 19.1% of the total, in the same period in 2020. Earlier, Li Auto cut its third-quarter deliveries guidance to 24,500 from 25,000 to 26,000, as the slower-than-expected recovery in semiconductor supplies hampered results. And worries over a potential Evergrande default sent global equity markets reeling, as the iShares MSCI China ETF dropped 3.3% and futures for the Dow Jones Industrial Average sank 646 points, or 1.9%.
2:36 a.m. Sept. 20, 2021 - By Ciara Linnane
S&P Global says default by China Evergrande could test government's capacity to backstop 'potentially substantial failures'S&P Global Ratings said Monday a default by Chinese property developer China Evergrande Group will neither lead to a tidal wave of defaults nor mere ripples from a pebble in a pond but something between the two. A default is likely with Evergrande's project companies, which are subsidiaries, facing interest payments on bank loans that are due before Sept. 23, said S&P in FAQ-style commentary. "Events could broadly rattle investors' confidence in China's property sector and for speculative-grade markets broadly, possibly diminishing funding access for unrelated names," said S&P Global Ratings credit analyst Matthew Chow. Evergrande's difficulties come at the same time as China Huarong Asset Management Co. Ltd. is in the middle of a recapitalization. That means two of China's biggest bond issuers of offshore debt are testing the capacity of the government to backstop "potentially substantial failures," he said. The company's problems will have ramifications for other developers, suppliers and contractors, and the banks than lend to them, said S&P credit analyst Christopher Yip. Fears of a default sent Dow Jones Industrial Average futures down more than 500 points Monday, and caused the Hang Seng to fall more than 3%.
1:19 a.m. Sept. 20, 2021 - By Tomi Kilgore
All 30 Dow stocks fall as Evergrande default fears spark selloff Shares of all 30 components of the Dow Jones Industrial Average are trading lower in Monday's premarket, led by financials, as part of sparked by concerns over the collateral damage from the potential default by . Among the biggest early decliners, shares of American Express Co. sank 2.9%, Goldman Sachs Group Inc. gave up 2.5% and J.P. Morgan Chase & Co. shed 2.5%. The most active Dow stock was Apple Inc.'s , which slid 1.2%. The best performer was Traveler Companies Inc.'s stock , which slipped just 0.1%. Meanwhile, Dow futures tumbled 540 points, or 1.6%.
1:11 a.m. Sept. 20, 2021 - By Steve Goldstein
Guangzhou R&F to receive $1 billion in funding from top executivesGuangzhou R&F Properties , a Hong Kong-listed Chinese property developer, said Monday it will receive HK$8 billion ($1 billion) in financing from two shareholders, Li Sze Lim and Zhang Li, who are its chairman and chief executive, respectively. The company said it will use the proceeds to consider repurchase of longer tenor notes, as it actively seeks alternative funding sources and asset disposal opportunities. Chinese property developers slumped on Monday as China Evergrande is set to miss payments on two bonds.
11:09 a.m. Sept. 7, 2021 - By Mark Decambre
Dow logs worst day in about 3 weeks as Nasdaq Composite ekes out 36th record high of 2021 U.S. stock benchmarks finished the session mixed on Tuesday, with the Nasdaq Composite logging its 36th record high of the year, barely, while the Dow and S&P 500 ended the first day back from a three-day holiday in the U.S. in negative territory. Indeed, the Dow ended the session down 268 points, or 0.8%, lower at about 35,100, on a preliminary basis, ringing up the sharpest one-day point and percentage drop since Aug. 18, when the blue-chip index closed about 382 points, or 1.1% lower. The S&P 500 ended down 0.3% at 4,520, weighed by declines in industrials, consumer staples, real estate and utilities. The Nasdaq Composite Index , meanwhile, edged up less than 0.1%, but notched a sufficient rise for an all-time closing high. In corporate news, Ford Co. saw its shares pop after announcing that it hired Doug Field, a former executive at Tesla Inc. and the executive behind Apple Inc.'s automobile ambitions.
9:52 a.m. July 23, 2021 - By Tomi Kilgore
PropertyGuru to go public through merger with SPAC, with the valuing company at $1.35 billionPropertyGuru Pte. Ltd. announced an agreement that will take the Southeast Asia property technology company public, through a merger with special purpose acquisition company (SPAC) Bridgetown 2 Holdings Ltd. that will value the combined company at $1.35 billion. Bridgetown 2's stock rose 1.0% in afternoon trading. The deal is expected to provide $431 million of gross proceeds. After the deal closes, which is expected to occur by the end of July 2021 to mid-August 2021, the combined company will be listed on the NYSE. Bridgetown 2 was formed by Pacific Century Group and Thiel Capital LLC. "This process of becoming a public company will provide us with greater financial resources to do what we do best - helping people find, finance and own their homes in an efficient and transparent manner," said PropertyGuru Chief Executive Hari Krishnan. Bridgetown 2's stock, which started trading on Jan. 26, has slipped 1.3% over the past three months while the Renaissance IPO ETF has eased 1.7% and the S&P 500 has gained 5.5%.
7:45 a.m. July 20, 2021 - By Catey Hill
‘I never felt like I belonged in the U.S.,’ says 62-year-old who fled Minnesota to retire in Bali — where you can live ‘very, very comfortably’ on $3,000 a month After five divorces, she reinvented her life in Ubud: Here are the pros and cons of life in the city After five divorces, she reinvented her life in Ubud: Here are the pros and cons of life in the cityAfter five divorces, she reinvented her life in Ubud. Here are the pros and cons of life in the city.
7:26 a.m. April 9, 2021 - By Michael Ashbaugh
Charting a Farewell Focus: 10-year yield asserts the range, Semiconductor sector presses record highs, TNX, SMH, KLAC, ROST, FOUR, ZENThis is the final edition of The Technical Indicator on MarketWatch. As its founder, and continuous editor since 2003, it has been a blast publishing for engaged and knowledgable readers for nearly 18 years.
7:12 a.m. April 8, 2021 - By Michael Ashbaugh
Bullish momentum persists: S&P 500 (slightly) extends April breakout Focus: Communications services sector tags record highs, Apple’s stealth trendline breakout, XLC, AAPL, IBM, ON, NUANU.S. stocks are mixed early Thursday, vacillating ahead of scheduled remarks from the Federal Reserve Chairman. Against this backdrop, the S&P 500 has tagged its latest record high, though narrowly, while the Nasdaq Composite has extended an already-aggressive trendline breakout.
6:58 a.m. April 7, 2021 - By Michael Ashbaugh
Bull trend confirmed: S&P 500 tags technical target (4,085) Focus: Europe digests break to 12-year highs, IEV, ASML, ADI, EMR, YUMU.S. stocks are mixed early Wednesday, vacillating ahead of the release of the Federal Reserve’s meeting minutes, due out this afternoon. Against this backdrop, the S&P 500 and Dow industrials are digesting decisive breaks to record territory, while the Nasdaq Composite has sustained an aggressive trendline breakout.
12:27 p.m. April 6, 2021 - Barrons.com
Sotheby's Global ViewPhilip White, president & CEO of Sotheby's International Realty, discusses today's hottest international real estate markets including Australia, France and Connecticut.
7:55 a.m. April 6, 2021 - By Michael Ashbaugh
Charting a bullish technical tilt, S&P 500 extends break atop 4,000 mark Focus: Consumer staples sustain break to record territory, XLP, VMW, ADSK, LUV, DLTRTechnically speaking, the major U.S. benchmarks have taken flight to start April, rising amid statistically unusual bullish momentum, writes Michael Ashbaugh.
7:33 a.m. April 6, 2021 - By Michael Ashbaugh
Charting a bullish technical tilt, S&P 500 extends break atop 4,000 mark Focus: Consumer staples sustain break to record territory, XLP, VMW, ADSK, LUV, DLTR Technically speaking, the major U.S. benchmarks have taken flight to start April, rising amid statistically unusual bullish momentum. In the process, the S&P 500 and Dow Jones Industrial Average have knifed to record highs, while the Nasdaq Composite has staged a potentially consequential trendline breakout.
7:13 a.m. April 5, 2021 - By Michael Ashbaugh
Charting bullish follow-through, S&P 500 knifes atop 4,000 mark Focus: 2021 currency trends persist, U.S. dollar retests 200-day average, Alphabet tags record high, UUP, FXE, GOOGL, QRVO, SEDG, HESU.S. stocks are firmly higher early Monday, rising after a strong batch of economic data. Against this backdrop, the S&P 500 has extended an April break atop the marquee 4,000 mark, while the Nasdaq Composite has reclaimed a key trendline, rising to place distance atop its 50-day moving average.
7:02 a.m. April 1, 2021 - By Michael Ashbaugh
Charting a bullish Q2 start, S&P 500 tags the 4,000 mark Focus: Semiconductor sector reclaims key resistance, SMH, LRCX, NTAP, MSI, NOVAU.S. stocks are firmly higher early Thursday, rising amid a largely bullish April start. Against this backdrop, the S&P 500 has ventured atop the 4,000 mark for the first time on record, as the Nasdaq Composite vies to simply reclaim its 50-day moving average, currently 13,427.
7:03 a.m. March 31, 2021 - By Michael Ashbaugh
Charting a stealth breakout attempt, S&P 500 tags fractional record high Focus: 10-year yield asserts higher plateau, FedEx extends earnings-fueled breakout, TNX, FDX, X, APD, VCELU.S. stocks are higher early Wednesday, rising as a largely-bullish first quarter concludes. Against this backdrop, the S&P 500 has tagged a fractional record high early Wednesday amid a stealth late-March breakout attempt that remains underway.
7:43 a.m. March 30, 2021 - By Michael Ashbaugh
Charting the S&P 500’s approach of the 4,000 mark Focus: Basic materials stage bull-flag breakout, Boeing digests rally to 52-week highs, XLB, BA, TGT, FFIV, TXTechnically speaking, the S&P 500 has sustained a reversal from major support, rising to challenge record highs, and within striking distance of the marquee 4,000 mark, writes Michael Ashbaugh.
7:15 a.m. March 30, 2021 - By Michael Ashbaugh
Charting the S&P 500’s approach of the 4,000 mark Focus: Basic materials stage bull-flag breakout, Boeing digests rally to 52-week highs, XLB, BA, TGT, FFIV, TXTechnically speaking, the U.S. benchmarks’ bigger-picture backdrop remains bullish, on balance, though the prevailing market technicals are not one-size-fits-all. Amid the cross currents, the S&P 500 has sustained a bullish reversal from major support, rising to challenge record highs, and within striking distance of the marquee 4,000 mark.
7:26 a.m. March 29, 2021 - By Michael Ashbaugh
Charting market cross currents: S&P 500 pulls in from record close Focus: Consumer staples and real estate sectors break out, XLP, IYR, TXN, NXPI, KOU.S. stocks are lower early Monday, pressured partly amid concerns that a hedge fund’s forced liquidation may have adverse ripple effects. Against this backdrop, the S&P 500 and Dow industrials have pulled in from their latest record close, even as the Nasdaq Composite vies to simply maintain major support matching the 2020 peak (12,973).
5:35 a.m. March 27, 2021 - By Catey Hill
I’m looking for safe, friendly cities to retire abroad on $2,500 or less a month. Where should I retire? Eight options — from cities in Thailand, Portugal, Italy and more — to consider. Eight options — from cities in Thailand, Portugal, Italy and more — to consider.
1:23 a.m. March 26, 2021 - By Tomi Kilgore
WeWork to go public through merger with BowX Acquisition: WSJWeWork will be going public after the flexible office space company has agreed to merge with special purpose acquisition company BowX Acquisition Corp. in a deal valuing WeWork at $9 billion, including debt, according to . BowX shares rallied 4.8% in premarket trading. WeWork would raise $1.3 billion in the deal, including $800 million in private investment in public equity (PIPE) from Insight Partners, funds managed by Starwood Capital Group, Fidelity Management and others, the WSJ report said. In 2019, an investment from Japan-based technology investor Softbank Group Corp. had valued WeWork at $47 billion, the report said. An through a more traditional public offering had failed, as Adam Neueman resigned as chairman and chief executive and as WeWork closed locations and slashed its workforce as the COVID-19 pandemic sapped demand for office space. The WSJ had that WeWork was in talks with a SPAC associated with Bow Capital. BowX's stock, which went public in October 2020, has lost 5.1% year to date through Thursday, while the Renaissance IPO ETF has shed 6.4% and the S&P 500 has gained 4.1%.
7:27 a.m. March 23, 2021 - By Michael Ashbaugh
Bull trend intact: S&P 500 retests the breakdown point Focus: Home construction ETF rattles cage on a breakout, Intel ‘s backdrop strengthens amid March volatility, ITB, INTC, DISH, LEN JBLTechnically speaking, the U.S. benchmarks’ bigger-picture backdrop remains bullish, though amid persistently uneven March price action, writes Michael Ashbaugh.
7:02 a.m. March 23, 2021 - By Michael Ashbaugh
Bull trend intact: S&P 500 retests the breakdown point Focus: Home construction ETF rattles cage on a breakout, Intel ‘s backdrop strengthens amid March volatility, ITB, INTC, DISH, LEN JBLTechnically speaking, the U.S. benchmarks’ bigger-picture backdrop remains bullish, on balance, though amid persistently uneven March price action.
12:01 a.m. March 17, 2021 - By Barbara Kollmeyer
Samsung CEO warns of fallout from global chip shortageAn executive at Samsung Electronics on Wednesday became the latest to warn of problems from a global semiconductor shortage, stoking fears that a lack of supply for carmakers will extend to technology companies. "There's a serious imbalance of supply and demand in the IT sector globally...It is hard to say the shortage issue has been solved 100%," co-Chief Executive Officer Koh Dong-jin said at a shareholder meeting, according to . Ford and General Motors have both warned about shortages, an industry-wide issue for automakers that has gotten worse amid the pandemic.
7:03 a.m. Feb. 8, 2021 - By Michael Ashbaugh
Bullish momentum persists, S&P 500 extends February breakout Focus: Home construction ETF’s breakout attempt, Nike approaches record territory, ITB, NKE, CHEY, BYND, LENU.S. stocks are higher early Monday, rising as February bullish momentum persists. In the process, the S&P 500 and Nasdaq Composite have extended respectable breaks to record territory, while the Dow Jones Industrial Average has belatedly broken out, tagging its latest record high Monday.
12:12 p.m. Dec. 3, 2020 - By Ciara Linnane
U.S. posts record one-day COVID death toll — before the predicted post-Thanksgiving surge December, January and February will be the ‘most difficult time in the public health history of this nation, largely because of the stress that it’s going to put on our health-care system,’ says CDC head Robert RedfieldThe U.S. hit some grim milestones in the coronavirus pandemic in a single day Wednesday, with a record number of fatalities and more than 100,000 COVID-19 patients in hospitals for the first time since the start of the outbreak, as a leading public health official warned of a cold, hard winter to come.
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