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There are “encouraging signs of recovery” in Singapore’s tourism sector, according to the Singapore Tourism Board. Visitor arrivals reached 330,000 and tourism receipts reached an estimated $1.9 billion Singapore dollars ($1.4 billion) in 2021, according to data published today by the nation’s tourism board. These numbers, however, are down from 2020, when Singapore received 2.7
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Netflix reported fourth-quarter earnings after the bell on Thursday. The streamer beat on profit and was in line with expectations on revenue, but shares plunged more than 20% in after-hours trading, to the lowest levels since June 2020, on slowing subscriber growth. Here are the key numbers: Earnings per share (EPS): $1.33 vs 82 cents
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Apartment buildings on the Upper East Side neighborhood of New York. Victor J. Blue | Bloomberg | Getty Images Manhattan rents hit their highest level ever for a December as the supply of apartments plummeted and landlords started demanding double-digit increases. The average apartment rent in Manhattan hit $4,440 in December, while the more widely
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The Netflix logo is seen on their office in Hollywood, California. Lucy Nicholson | Reuters Stocks started the new year on rocky footing as investors confronted the prospect of rising omicron cases, higher bond yields and the Federal Reserve tightening its monetary policy. These macroeconomic factors can cause confusion for even seasoned investors, particularly as
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Pedestrians carrying Nike and Allbirds shopping bags in the SoHo neighborhood of New York, on Sunday, Oct. 24, 2021. Nina Westervelt | Bloomberg | Getty Images Nike on Monday reported better-than-expected fiscal second-quarter results, despite ongoing supply chain pressures that have slowed deliveries and threatened to upend the holiday shopping season. Sharses rose more than
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JPMorgan Chase is paying $200 million in fines to two U.S. banking regulators to settle charges that its Wall Street division allowed employees to use WhatsApp and other platforms to circumvent federal record-keeping laws. The Securities and Exchange Commission said Friday that JPMorgan Securities agreed to pay $125 million after admitting to “widespread” record-keeping failures
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Millennials stand to inherit a whopping $68 trillion from the baby boom generation. But they aren’t necessarily taking cues from their parents on how to manage their money. The proliferation of online money management platforms has given millennials more options than their parents once had. Many are opting to go it alone, according to a
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Signage for Kay Jewelers, a subsidiary of Signet Jewelers Ltd., is displayed on the exterior of a store in New York. Bloomberg | Bloomberg | Getty Images Shares of Signet Jewelers fell on Thursday despite the parent company of Kay Jewelers, Zales and Jared reporting fiscal third-quarter earnings ahead of analysts’ expectations, prompting it to
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Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus cases pose a threat to the U.S. economy and muddle an already-uncertain inflation outlook. “The recent rise in COVID-19 cases and the emergence of the Omicron variant pose downside risks to employment and economic activity and increased
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A look at the company’s production floor shows a series of Electron boosters, with the typical black carbon fiber rockets in the foreground and a metallic-looking reusable booster in the center. Rocket Lab Rocket Lab CEO Peter Beck was once confident that his company would never reuse its rockets like Elon Musk’s SpaceX — to
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Southeast Asian e-commerce company Zalora is anticipating record-breaking business this Singles Day amid economic reopening and increased tech adoption across the region. Speaking to CNBC as the world’s biggest shopping event kicked off, Zalora Group’s CEO Gunjan Soni said she expected Thursday’s activity to outpace that of last year, when the company saw $100 million
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Warren Buffett at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway saw another double-digit increase in its operating profit thanks to a continuous rebound in it railroad, utilities and energy businesses from the pandemic, while the company’s cash pile hit a record high as Warren Buffett
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Check out the companies making headlines before the bell: Pfizer (PFE) – The drug maker’s shares surged 9.4% in premarket trading after a study showed that its experimental Covid-19 antiviral pill reduced the risk of hospitalization and death by nearly 90%. Pfizer said it will ask regulators to approve the pill as soon as possible.
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zimmytws | iStock | Getty Images House Democrats are reintroducing a Social Security reform bill popular with their party. This time, it features some changes aimed at attracting more support from Republicans. The bill, known as the Social Security 2100 Act, is being brought forward by Rep. John Larson, D-Conn., chairman of the House Ways
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Former President Bill Clinton Adam Jeffery | CNBC Former President Bill Clinton was hospitalized Tuesday evening to receive treatment for a non-Covid related infection, according to his spokesman. Clinton’s spokesman, Angel Ureña, said late Thursday that the former president was admitted to UC Irvine Medical Center in California. Ureña announced on Friday that “all health
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Delta Air Lines on Wednesday reported a quarterly profit and higher-than-expected revenue for the third quarter, but warned that more expensive fuel will pressure its bottom line in late 2021 despite improving travel demand. “At present time, we’re expecting a modest loss in the fourth quarter,” CEO Ed Bastian said on a quarterly call with
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