Online travel sites getting squeezed by Airbnb hotel chains Online travel sites getting squeezed by Airbnb hotel chains: Shares of TripAdvisor (TRIP.O) fell 23 percent on Tuesday, while shares in Priceline (PCLN.O) declined 13.5 percent. Rival Expedia Inc’s (EXPE.O) shares skidded another 2.74 percent and are down 19 percent since […]

Snapchat launches redesign as growth disappoints Wall Street Snapchat launches redesign as growth disappoints Wall Street: The Venice, California-based firm, whose March stock market debut was the hottest of any tech stock in years, reported revenue and user growth for the third quarter well below Wall Street expectations as it […]

GOP tax bill gets modest changes GOP tax bill gets modest changes: House Republicans on Monday again rejected President Trump’s push to use their tax bill to repeal a critical piece of the Affordable Care Act, instead making only modest changes to their legislation as they attempt to move it […]

A healthy economy but questions over future policy for Fed A healthy economy but questions over future policy for Fed: U.S. Federal Reserve Governor Jerome Powell will inherit healthy economic growth and a consensus on monetary policy at least for the next few months, if he is confirmed by the […]

Saudi Arabia detains princes ministers in anti-corruption probe Saudi Arabia detains princes ministers in anti-corruption probe: According to a senior Saudi official who declined to be identified under briefing rules, those detained include: – Prince Alwaleed bin Talal, chairman of Kingdom Holding 4280.SE – Prince Miteb bin Abdullah, minister of […]

BMW recalling 1 million vehicles in North America BMW recalling 1 million vehicles in North America: One recall covers 670,000 2006-2011 U.S. 3-Series vehicles to address a wiring issue for heating and air conditioning systems that may overheat and could increase the risk of a fire. The second recall covers […]

Singapore police examine Goldmans role in 1MDB deals Singapore police examine Goldmans role in 1MDB deals: Singaporean prosecutors and police are looking at Goldman Sachs Group’s (GS.N) relationship with the scandal-hit Malaysian state investment fund 1MDB, Bloomberg reported, citing people familiar with the matter. Singapore’s economic crime unit and city […]

Fed keeps rates unchanged remains on road to December hike Fed keeps rates unchanged remains on road to December hike: The Federal Reserve kept interest rates unchanged on Wednesday and pointed to solid U.S. economic growth and a strengthening labor market while playing down the impact of recent hurricanes, a […]