Booking Holdings Inc. reported a better-than-expected surge in room night reservations and expressed optimism that the pace of travel will continue to improve as more people are vaccinated and restrictions are loosened.
Government report on open banking recommends faster, limited initial approach
A long-awaited government report on the sharing of personal financial data recommends a cautious, tiered approach that would initially allow limited use of the data by third-party service providers.
Uber racked up losses in an attempt to ease driver shortage
Uber Technologies Inc. spent heavily to lure drivers back in the second quarter, which resulted in a wider loss than expected and raises doubts about the reliability of its labor model long-term. Shares declined as much as 6% in extended trading.
The head of Hootsuite said he’s aware engaging with a customer service bot on the internet can be a frustrating process, but he thinks he just acquired the tech needed to make it a more enjoyable experience.
Boeing 737 Max heads to China for key test to end flight ban
A Boeing Co. 737 Max jet is slated to leave for China within an hour to conduct a flight test for regulators, people familiar with the matter said, a step toward lifting the plane’s more than two-year grounding in the country following two fatal crashes.
Match falls as COVID-19 concerns cloud positive forecast
Match Group Inc. gave an upbeat revenue forecast for the current period, but the shares fell on investor concerns the momentum generated by the company’s dating apps may be stalled by the spreading COVID-19 delta variant.
Royal Caribbean Cruises Ltd. shares retreated after the company reported a larger-than-expected loss and missed revenue projections. The company also warned of a “modest impact” on some bookings from the delta variant of COVID-19.
Great-West base earnings increase 17 per cent in Q2 with contribution from MassMutual
Great-West Lifeco Inc. says its net profit decreased 9.2 per cent in its latest quarter compared with a year earlier when it benefited from a bounce back from COVID-19 pandemic related shocks in the prior quarter.
Canaccord profit more than doubles as deals boom lifts fees
Canaccord Genuity Group Inc.’s dealmakers posted their best quarter ever, with a boom in merger-and-acquisition advisory fees helping the securities firm’s profit more than double.
General Motors Co. missed analysts’ profit estimates for the latest quarter but raised its full-year guidance as rich margins on pickups vied with nagging production cuts at its North American factories from a global semiconductor shortage.