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Expedia shares slide as US-Iran war fallout prolongs pressure on travel firms

Expedia shares slide as US-Iran war fallout prolongs pressure on travel firms

By Nandan Mandayam and Anshuman Tripathy Nov 5 (Reuters) - Shares of Expedia Group tumbled nearly 13% on Thursday after the booking platform forecast earnings below estimates, joining travel companies from Hilton to Booking that continue to see the war in Iran scuttling demand.

Expedia shares slide after below-par quarterly revenue forecast fuels concerns

Expedia shares slide after below-par quarterly revenue forecast fuels concerns

Nov 5 (Reuters) - Shares of Expedia Group slid nearly 7% premarket on Thursday after the travel booking firm's below-par forecast for fourth-quarter revenue fueled growth concerns among investors.

Nasdaq futures rise after steep AI selloff as chip stocks stabilize

Nasdaq futures rise after steep AI selloff as chip stocks stabilize

Nov 6 (Reuters) - Nasdaq futures climbed on Friday as chip stocks gained ground after a technology-led rout wiped nearly $3 trillion off the market value for S&P 500 companies on fears that Democratic control of the US Congress could lead to tougher AI regulation.

Airbnb Reports Fastest Revenue Growth in Three Years, Raises Full-Year Outlook, and Authorizes $12 Billion Share Repurchase

Airbnb Reports Fastest Revenue Growth in Three Years, Raises Full-Year Outlook, and Authorizes $12 Billion Share Repurchase

Airbnb Reports Fastest Revenue Growth in Three Years, Raises Full-Year Outlook, and Authorizes $12 Billion Share Repurchase

Tapestry lifts outlook as young shoppers snap up Coach bags, shares jump

Tapestry lifts outlook as young shoppers snap up Coach bags, shares jump

By Danielle Kaye and Anuja Bharat Mistry Nov 5 (Reuters) - Tapestry raised its annual revenue and profit forecasts on Thursday, betting on younger affluent shoppers buying its Coach handbags during the holiday season, even as the broader luxury sector grapples with a spending slowdown.

Under Armour flags broad-based weakness, sees steeper-than-expected third-quarter sales decline

Under Armour flags broad-based weakness, sees steeper-than-expected third-quarter sales decline

Nov 6 (Reuters) - Under Armour on Thursday flagged weakness across its portfolio, as the athletic apparel maker grapples with a challenging consumer environment and aggressive discounting by competitors clearing inventory.

Mattel cuts annual forecasts as challenges pile up for new CEO

Mattel cuts annual forecasts as challenges pile up for new CEO

By Sanskriti Shekhar Nov 5 (Reuters) - Mattel on Thursday slashed its annual sales and profit forecasts ahead of the crucial holiday season, raising the stakes for new CEO Roger Lynch as he steers the Barbie maker through tepid demand and investor pressure.

Tapestry lifts annual forecasts as young shoppers snap up high-end Coach bags

Tapestry lifts annual forecasts as young shoppers snap up high-end Coach bags

By Danielle Kaye and Anuja Bharat Mistry Nov 5 (Reuters) - Tapestry raised its annual revenue and profit forecasts on Thursday, betting on younger affluent shoppers buying its Coach handbags during the holiday season, even as the broader luxury sector grapples with a spending slowdown.

Tech selloff, defence weakness weigh on European shares

Tech selloff, defence weakness weigh on European shares

By Johann M Cherian and Avinash P Nov 5 (Reuters) - Losses in technology shares dragged the European benchmark stock index lower on Thursday as investors assessed the outlook for the sector following a Democratic sweep in the US midterm elections, while weakness in the defence sector exacerbated the

Cigna raises annual profit forecast on strength in health services unit

Cigna raises annual profit forecast on strength in health services unit

By Sneha S K, Kunal Das and Amina Niasse Nov 5 (Reuters) - Cigna on Thursday raised its annual profit forecast after beating third-quarter estimates, driven by growth in its US health insurance business, specialty pharmacy and health services.

Humana lifts annual profit forecast as medical costs ease

Humana lifts annual profit forecast as medical costs ease

By Sneha S K and Christy Santhosh Nov 6 (Reuters) - Humana raised its full-year profit forecast on Friday after reporting lower-than-expected medical costs as the health insurer positions itself for a return to improved profit margins by 2028, sending its shares up 3.2% in morning trading.

Nasdaq rebounds but posts fourth straight weekly decline

Nasdaq rebounds but posts fourth straight weekly decline

By Colin Barr and Shashwat Chauhan Nov 6 (Reuters) - Technology stocks bounced back on Friday from their worst drubbing in more than a year, but the Nasdaq Composite Index posted a fourth consecutive weekly decline as investors sifted for clues about what comes next in the AI trade.