Booking Holdings Inc is a global leader in online travel and related services, connecting millions of travelers with various accommodations and travel experiences. The company operates several well-known brands, including Booking.com, priceline.com, and Kayak, offering a wide range of travel products such as hotel bookings, airfare, car rentals, and vacation packages. By leveraging advanced technology and a user-friendly platform, Booking Holdings facilitates seamless travel planning and booking for consumers worldwide, while also providing essential tools and services for travel suppliers and partners to reach their audiences effectively. With a focus on innovation and customer experience, the company plays a crucial role in shaping the travel industry's digital landscape. Read More
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how consumer internet stocks fared in Q4, starting with Coinbase (NASDAQ:COIN).
Booking Holdings Inc (NASDAQ:BKNG) shares are trading lower on Monday. The company and Uber Technologies Inc (NYSE:UBER) announced a strategic global partnership.
Uber (NYSE: UBER) and OpenTable (part of Booking Holdings Inc., NASDAQ: BKNG), global leaders in transportation and restaurant tech, have formed a new strategic partnership to provide seamless dining experiences for millions of highly engaged consumers around the world. The first-of-its-kind collaboration will pair Uber’s ride-hailing and delivery services with OpenTable’s expansive restaurant network across the United States, Canada, United Kingdom, Mexico, Australia and Ireland.
As the regular session of the US market on Monday comes to an end, let's delve into the after-hours session and discover the top S&P500 gainers and losers shaping the post-market sentiment.
Large-cap stocks usually command their industries because they have the scale to drive market trends.
The flip side though is that their sheer size can limit growth as expanding further becomes an increasingly challenging task.
U.S. consumers are feeling the pressure from years of rising costs and are now facing uncertainty about the future of the economy. The latest sign of a pressured consumer is a drop in the number of Americans making travel plans.
Whether it be online shopping or social media, secular forces are propelling consumer internet businesses forward. These themes have enabled rapid growth for the industry,
which has posted a 8.9% gain over the past six months.
This was a good place to be as the S&P 500 shed 1.1% of its value.
Inflation cooled in February, sparking hopes of interest rate cuts. Sectors that could benefit are consumer discretionary, tech, and real estate. Consider XLY, XLK, and IYR ETFs.
Travel industry faces turbulence as airlines, booking platforms, hotels, and cruise lines suffer due to weak demand. Three travel-focused ETFs are feeling the pressure, with stocks slipping.
