Marriott International Inc.
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European stocks closed broadly lower on Monday as investors made largely cautious moves amid mounting fears of a global recession due to rising interest rates. A renewed selloff in British gilts pushed euro zone yields higher after Britain's new chancellor Kwasi Kwarteng announced a sweeping package
New York (CNN Business)Anyone who's stayed in an Airbnb knows the experience can be a roll of the dice. Anything can happen when you roll up to your rental. That's part of the charm — you might be pleasantly surprised by a free bottle of wine waiting for you in the kitchen, or you might have an adve
Europe European markets initially started the day in positive territory, however the gains soon disappeared in the wake of a supersized rate hike from the Swedish Riksbank of 100bps pushing their headline rate up to 1.75%. The size of the hike has shifted the focus back to tomorrow’s Fed rate decisi
New York (CNN Business)Inflation has made it hard to buy much with a buck these days. $1 pizza has disappeared. Dollar stores aren't dollar stores anymore. So wouldn't it make more sense to start paying with $2 bills instead?"If you had a $2 bill, perfect," said Heather McCabe, a writer and $2 bill
European stocks closed sharply lower on Friday, extending recent losses, as mounting fears about a global recession rendered the mood extremely bearish. The World Bank's latest report on global economy weighed on sentiment. The World Bank has warned that the world could face a recession next year am
Bullish viewBuy the BTC/USD pair and set a take-profit at 22,700.Add a stop-loss at 20,566.Timeline: 1 day.Bearish viewSet a sell-stop at 21,200 and a take-profit at 20,000.Add a stop-loss at 22,500.The BTC/USD price continued its recovery as the US dollar and the VIX index retreated. Bitcoin made a
New York (CNN Business)The US dollar can't be stopped. Fueled by the Federal Reserve's aggressive tightening policy, the value of the greenback is appreciating to multi-decade highs and squashing currencies around the world. Typically, it's emerging-market countries that shoulder the burden of a str
New York (CNN)Gary Friedman, the CEO of luxury home goods retailer RH, is often a colorful speaker who doesn't mince words. That was on full display during the company's earnings call Thursday night as he bemoaned New York City breakfasts, dunked on industry rivals and declared that anyone who think
Gad Levanon is the chief economist at the Burning Glass Institute. He's the former head of The Conference Board's Labor Market Institute. The opinions expressed in this commentary are his own. So far this year, the US economy has managed to skirt a recession, despite what many experts predicted. But
New York (CNN Business)Kim Kardashian is entering the world of private equity. She's partnering with Jay Sammons, a former executive with Carlyle Group, to launch SKKY Partners, a new firm that will invest in fast-growing businesses across several sectors, including hospitality, media and consumer p
Mood in the European markets wasn’t so bad yesterday; most European indices eked out small gains despite a deepening energy crisis, and larger-than-expected fall in German factory orders. But the US session didn’t follow up on European gains, and the European futures point at a bearish start today.
New Delhi/Hong Kong (CNN Business)Cyrus Mistry, the Indian scion of one of the country's most prominent empires, died in a road accident on a highway near Mumbai on Sunday, according to Maharashtra police. Mistry, 54, was one of two people who died when the car they were traveling in hit a barrier b
European stocks closed sharply lower on Friday, weighed down by remarks from the Federal Reserve Chair Jerome Powell at the Jackson Hole symposium that the central bank's efforts to combat inflation will cause "some pain." Powell reiterated the Fed's resolve to bring inflation back to its 2% target,
GBP/USD sinking as the US dollar perks up in the wake of higher yields. Focus turns to the Fed again, but US data this week will play a key role. GBP/USD is back under pressure in Tokyo as the US dollar gathers pace in its correction following the poor data that sent it off a cliff in the New York s
Gold is on the verge of a downside correction following today's 2-year auction and recovery in yields. Gold bulls are eyeing a deeper correction on the daily chart. The Fed is the theme with US data taking the front seat in markets. The gold price rallied on Tuesday following US data that proves the