Airbnb executives said Tuesday that they expect average prices to come down this year, after the rates increased more than 35% during the COVID-19 pandemic.
Crypto: Crypto exchange Binance hit by major outflows. Here’s why
Binance, the world’s largest crypto exchange, is seeing significant outflows this week after its stablecoin partner Paxos was ordered to cease minting new BUSD tokens, a Binance-branded stablecoin.
: The AI chatbot phenomenon is now making waves in China, too
Investors are watching closely to see whether and how Beijing’s heavy hand might stymie ChatGPT clones in China.
The Wall Street Journal: Vice Media gets $30 million loan from Fortress as debts pile up
Vice Media has secured more than $30 million in debt financing from Fortress Investment Group, according to a person familiar with the matter, as the new-media company faces a financial crunch.
: Greenlight sells off Intel and Rivian, adds Tenet, Funko
David Einhorn’s Greenlight Capital Inc. cut its stakes in Intel Corp. and opened new positions in Tenet Healthcare Corp. and bobblehead maker Funko Inc. , among other investment decisions in the fourth quarter, according to a filing late Tuesday.
Market Extra: ‘Underlying bullish tenor’: U.S. stocks fare surprisingly well as Treasury yields rise after hotter-than-expected inflation, says Morgan Stanley’s Andrew Slimmon
U.S. stocks were choppy Tuesday in the wake of the consumer-price-index showing inflation rose more than anticipated in January, but the market avoided a big selloff.
Personal Finance Daily: This Valentine’s Day, the price of candy — and of romance itself — has gone up and here are 5 essential EV charging apps
Tuesday’s top personal finance stories.
Earnings Results: Upstart revenue falls by half, but stock pops after earnings
Upstart topped expectations for its latest quarter but forecast revenue for the current quarter that came in sharply below what analysts were anticipating
Financial Crime: Rich Malibu doctor’s final days defined by fight between family and suspect yogis over declining mental health
Mark Sawusch’s family sought to have him committed while he turned to a pair of yoga gurus to keep him free — a decision he paid for, court papers say.
: Tepper’s Appaloosa adds Disney, Caesars stakes while boosting Salesforce position
David Tepper’s Appaloosa LP reacquired a stake in Walt Disney Co. during the fourth quarter.