China Edutech Surge Lures Investors as US Melts Down
The rapid revival of Chinese education companies’ business is boosting investor appetite for the stocks that bore the brunt of Beijing’s yearlong regulatory crackdown.
Lululemon raises full-year forecasts, unaffected by inflation, China curbs
Lululemon Athletica (LULU.O) on Thursday raised its full-year revenue and profit forecasts on strong demand for athleisure, and said the impact from COVID-19-related lockdowns in China was modest and more than offset by strength in other regions.
M Science Launches Consumer Spending Trends Platform on Australia’s Largest Companies
Investors and Businesses can now access Data-Driven insights tailored specifically to the Australian Marketplace
Grubhub Customers Learn There’s No Such Thing as a Free Lunch After All
Grubhub’s attempts to drum up buzz for its food-delivery service by offering “free” lunch in New York didn’t exactly generate the kind of publicity the company was hoping for.
Alibaba, Baidu Jump in US as China Vows Support for Tech
Chinese internet stocks jumped in US trading after a senior Communist Party official reaffirmed support for the industry, stoking optimism that regulators may ease a yearlong clampdown.
Royal Caribbean signals slow summer demand in Europe as Ukraine crisis weighs
Royal Caribbean Group (RCL.N) on Thursday flagged slow summer demand for European cruises due to the Ukraine crisis, after a dull first quarter as it reeled under a resurgence in COVID infections in some parts of the world.
Domino’s expects sales pressure to persist after drop in first quarter
Domino’s Pizza Inc (DPZ.N) missed quarterly sales estimates on Thursday and warned staffing shortages and inflation would pressure its business further into the year, sending the fast-food chain’s shares down 5%.
Hertz Shares Slide as Rebound in Business Travel Proves Elusive
Pleasure trips are ‘pretty much back,’ CEO Stephen Scherr says. Fleet utilization rates rebounding near pre-pandemic levels
Chipotle CEO: Chain nearly halfway to goal of 7K North American stores
The fast casual chain continues its expansion tear despite labor shortage challenges, construction delays and inflation, and 80% of its new units will feature a Chipotlane.
Microsoft Will Need to Get ‘Call of Duty’ Back on Target
Marquee game franchise expected to play big role in Microsoft’s cloud gaming future, but players are bleeding out
Just Eat Takeaway considering sale of Grubhub
Just Eat Takeaway is “exploring the introduction of a strategic partner into and/or the partial or full sale of Grubhub,” the company said in its Q1 2022 earnings release on Wednesday.
Bilibili, DouYu Rise in U.S. as China Ends Video Game Freeze
Shares of Chinese video-game makers and live-streaming platforms rallied on Monday, after China approved the first batch of new video game licenses since July.
Alibaba, Didi Fuel $80 Billion Rally for Chinese Stocks in U.S.
Alibaba Group Holding Ltd. and Didi Global Inc. rallied for a second day, adding $80 billion in value to U.S. listed Chinese stocks as fears of potential delistings eased.
Lululemon forecasts strong 2022, plans selective price hikes
Lululemon Athletica (LULU.O) on Tuesday forecast full-year profit and revenue above estimates as demand for athletic wear remains consistent even as people return to offices, and said it plans selective price increases on some of its products.
Uber, Lyft drivers consider quitting as pain at the gas pump grows
A number of Uber and Lyft drivers are considering quitting the app-based ride-hailing platforms as fueling up becomes costlier, with some calling the newly announced surcharges “insulting”.
