How to find cheap hotel rooms? Survey compares popular website rates

Many travelers try to save money by searching the internet for cheaper hotel rates. But a new study suggests it may not be worth the time — at least in some places. The travel insurance comparison site InsureMyTrip compared rates for 950 hotels in 19 global cities on three popular booking websites as well as … Read more

Bill Miller wagers on travel, taking stakes in Expedia and United Airlines

Value investor Bill Miller placed his bets on the reopening play last quarter after adding shares in Expedia and United Airlines. Miller added a new holding in travel name Expedia in the second quarter, according to a recent 13F filing. As of June 30, the investor held 616,700 shares totaling $58.5 million, according to InsiderScore. … Read more

Wall Street deciphers U.S. consumer health and names stocks it likes

The U.S. Federal Reserve has hiked interest rates by 225 basis points so far this year, with more potentially on the cards. One indicator that’s likely to feature prominently in the Fed’s thinking as it weighs the scale of further hikes is the strength of the consumer. It plays a pivotal role in the Fed’s … Read more

9 busy people share best hacks for making the most of vacation time

Americans are notorious for not taking a break. The average US worker took less than 12 days of vacation in 2021 — six fewer than the global average — according to Expedia’s latest Vacation Deprivation study of 14,500 working adults across 16 countries. Yet an overwhelming majority of workers say taking vacations makes them feel … Read more

These companies are still flexing pricing power amid strong consumer demand

If you haven’t heard a lot about pricing power this earnings season, there’s a good reason: There hasn’t been a lot of it to go around. Many of the companies that have opted to pass along higher costs to consumers in the form of price increases are seeing lower volumes. There are a number of … Read more

2020 changed economy in ways we can’t understand yet

National Guard troops pose for photographers on the East Front of the US Capitol the day after the House of Representatives voted to impeach President Donald Trump for the second time January 14, 2021 in Washington, DC. Chip Somodevilla | Getty Images In an earnings call this week, Yum Brands CEO David Gibbs expressed the … Read more

Expedia, Block, Lyft and more

Check out the companies making headlines before the bell: Expedia (EXPE) – The travel website operator’s stock jumped 5.4% in the premarket after Expedia beat top and bottom line estimates in its latest quarterly report. Travel demand was strong, with lodging revenue up 57% from a year ago and airline ticket revenue up 22%. Block … Read more

Stocks head into August with a tailwind, as investors await jobs data and a slew of earnings

From Caterpillar to Amgen, dozens of large companies report earnings in the coming week, but it may be big economic data, such as Friday’s jobs report, that takes over as a major market catalyst. Monthly employment reports are always important, but the next few may be even more so. Federal Reserve Chair Jerome Powell made … Read more

Nasdaq books longest win streak since November as US stocks end mixed after stronger-than-expected jobs report

US stocks closed mixed Friday, with the technology-heavy Nasdaq Composite ending higher than the Dow Jones Industrial Average and S&P 500 index slipped, after a stronger-than-expected June jobs report. All three major benchmarks booked weekly gains, with the Nasdaq leading the way up. How did stocks trade? Dow Jones Industrial Average DJIA, -0.15% fell 46.40 … Read more

Travel costs are up but travelers aren’t canceling their plans yet

Summer travel talk sure is not what it used to be. Rather than sun, sand and surf, many travel discussions now center on inflation, rising fuel costs and flight cancellations, a situation which could derail a much-needed 2022 summer travel comeback. Travel conversations on Twitter decreased 75% from April to May, while discussions related to … Read more