Airbnb’s Bookings Rise Amid Strong Travel Demand
The short-term rental company reported revenue of $1.8 billion in the first quarter, up 20% from a year earlier.
Rivian stock jumps nearly 6% as EV maker narrows quarterly loss, keeps guidance intact
Shares of Rivian Automotive Inc. rose nearly 6% in the aftermarket Tuesday after the electric-vehicle maker reported a narrower loss for the quarter and kept intact its guidance for the year.
Boeing Wins 737 MAX Jet Order Worth Up to $40 Billion From Ryanair
The European discount airline agreed to buy up to 300 new jets as it moved past an earlier rift with the U.S. plane maker.
Fox Says It Settled Dominion Suit to ‘Avoid the Acrimony of a Divisive Trial’
The company said it swung to a $54 million quarterly loss, primarily because of charges associated with legal-settlement costs.
GM Hires Former Apple Cloud Executive to Oversee Software
Mike Abbott will lead a newly created unit developing in-vehicle technology.
Macquarie Seeks Sale of U.S. Port Terminal Operator
Ceres Terminals performs cargo handling at some major gateways and runs container terminals at secondary ports.
PayPal Is Growing, but Not the Way it Used To
Much faster growth in behind-the-scenes processing payments is pressuring the company’s profit margins.
Tempur Sealy Inks $4 Billion Deal for Mattress Firm
Tempur Sealy International has agreed to buy Mattress Firm Group in a $4 billion deal after two years of talks between the bedding manufacturer and retailer.
Saudi Aramco’s Profit Slides as Oil Boom Cools
The energy giant’s earnings fell 19% in the first quarter but it announced an additional dividend payout, underscoring Saudi Arabia’s dependence on oil revenues.
LinkedIn Cuts More Than 700 Jobs Worldwide, Closes China App
The Microsoft-owned professional networking service makes a further retreat from China.