Airbnb’s first earnings since IPO could be a bellwether for the travel industry in 2021

Airbnb Inc.’s business was decimated by the coronavirus pandemic, but quickly rebounded to the point that it had one of the biggest initial public offerings of 2020. Now, it’s time to find out what is expected for 2021. Airbnb ABNB, -6.85% will report financial results for the first time since going public Thursday afternoon, wrapping […]

U.S. Treasury yields steady before Powell testimony

U.S. Treasury yields were holding their ground on early Tuesday’s trade before congressional testimony from Federal Reserve Chairman Jerome Powell, where he may remark on the precipitous bond-market selloff over the past few weeks. What are Treasurys doing? The 10-year Treasury note yield TMUBMUSD10Y, 1.356% was steady at 1.369%, while the 2-year note rate TMUBMUSD02Y, […]

Home prices see largest jump since 2014 — worsening the affordability challenges for many buyers

The numbers: Home prices rose at the fastest pace in seven years, according to the leading barometer released Tuesday. The S&P CoreLogic Case-Shiller 20-city price index posted a 10.1% year-over-year gain in December, up from 9.2% the previous month. On a monthly basis, the index increased 0.8% between November and December. It was the first time that home […]

Gold prices steady as bond yields hold higher, U.S. dollar firms

Futures for gold on Tuesday traded virtually unchanged but were holding near the highest prices in a week ahead of important testimony from Federal Reserve Chairman Jerome Powell, which could provide further guidance to a market contending with a steady rise in yields on the prospects of a sharp recovery from the COVID-19 pandemic. Powell, […]

Tech selloff hits these London-listed stocks as a Tesla-heavy fund tumbles

The selloff in technology stocks hit the London market on Tuesday, with the sector dragging down the U.K.’s benchmark index as investors exit companies that have been among the biggest winners through the COVID-19 pandemic. Shares in tech companies listed on the FTSE 100, the index of London’s top stocks by market capitalization, broadly fell, […]

A tangled market web of Tesla-bitcoin-ARK Investment could spell trouble for investors, warns strategist

MARKETWATCH FRONT PAGE Our call of the day comes from Saxo Bank’s head of equity strategy, who is worried that Tesla is wrapped up in a tangled market web, and investors could pay the price. See full story. Billionaire philanthropy is a ‘PR scam,’ says CEO who raised his workers’ minimum pay to $70,000 ‘In […]

Facebook befriends Australia again, after striking a deal with Canberra government on new law

The social-media company Facebook said on Tuesday that it would restore Australian news on its platform, after striking a deal with the Canberra government on a new law that will force big technology companies to pay for news. Facebook last week had blocked Australian users from sharing and using news on its site, in protest […]

Oil prices lifted by sluggish return of Texas output, broader commodity rally

Oil futures continued to push higher Tuesday, lifted by expectations U.S. output curtailed by last week’s winter storms will be restored more slowly than initially anticipated as well as a broader rally across commodities. West Texas Intermediate crude for April delivery CL.1, +0.45% CLJ21, +0.45% rose 31 cents, or 0.5%, to $62.01 a barrel on […]

Stock futures mostly lower ahead of testimony by Fed’s Powell on economy

Stock-index futures were mostly lower Tuesday, with tech shares continuing to lead the way down, as investors monitored a sharp rise in bond yields and prepared for testimony by Federal Reserve Chairman Jerome Powell on the economic outlook. What are major benchmarks doing? Futures on the Dow Jones Industrial Average YM00, +0.02% rose 17 points, […]