The surge in domestic travel comes as the coronavirus pandemic keeps Chinese from venturing overseas.
Kategorie-Archiv: CNBC Financial News
Nio plans to start delivering cars to Norway in September
Chinese electric car start-up Nio announced it plans to begin deliveries in Norway in September, for the company’s first entry into a market outside China.
Papa John’s earnings smash expectations as pizza demand remains strong post-pandemic
Thanks in part to menu innovations like Epic Stuffed Crust pizza, Papa John’s said its sales are still growing.
Etsy slides more than 9% after it warns of slowing growth
Etsy saw its business boom early on in the pandemic, as shoppers turned to it and other online retailers for goods.
Coach owner Tapestry sales in North America return to pre-pandemic levels, retailer swings to profit
Coach owner Tapestry said Thursday that its fiscal third-quarter sales in North America returned to pre-pandemic levels, as demand for luxury goods rebounds.
Uber losses dramatically improve thanks to sale of self-driving unit
Uber’s first-quarter net loss was $108 million, a tremendous improvement from a $968 million loss in its fourth quarter of 2020.
PayPal CEO touts ’next generation digital wallet‘ after earnings beat
On the company’s earnings call, PayPal CEO Dan Schulman pointed to cryptocurrency as a key growth engine for the company.
Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG
Until now, bitcoin adopters have relied on apps from a new generation of fintech players like Robinhood, PayPal and Square, or Coinbase.
Cathie Wood’s ARK Innovation ETF drops more than 3% amid tech sell-off, off almost 30% from high
The „disruptive innovation“ fund is down more than 7.5% this week and more than 10% in 2021, while the S&P 500 has gained more than 10% this year.
SpaceX: Over 500,000 orders for Starlink satellite internet service received to date
Elon Musk’s SpaceX has received more than 500,000 orders so far for its satellite internet service Starlink, the company announced Tuesday.