FedEx cuts forecast as rising costs smother price hikes
(BLOOMBERG) – FedEx Corp. struggled with higher costs as package growth stalled, leading the courier to cut its annual earnings outlook and post quarterly profit below analysts’ expectations. Adjusted earnings […]
Airbnb IPO filing shows Q3 profit of $294.6m amid pandemic
SAN FRANCISCO (REUTERS) – Airbnb’s initial public offering paperwork showed on Monday (Nov 16) the home rental start-up turned a profit in the third quarter due to aggressive cost cuts, […]
Airbnb sets stage for blockbuster IPO with choice of Nasdaq listing
NEW YORK (REUTERS) – Home-rental startup Airbnb plans to list its shares on the Nasdaq, setting the stage for one of 2020’s most high-profile stock market debuts. Earlier this month, […]