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Glenn Fogel, the CEO of Booking Holdings which operates Priceline, Booking.com, Agoda and KAYAK, sold big chunk of Booking Holdings shares on March 4, 20200. Besides him, Millones Peter John Jr (Executive Vice President) sold $3.2M worth of Booking shares and Goulden David Ian (CFO) sold $658,000 worth of shares. Why is this interesting? On […]
The Republican-led Senate approved the massive bailout bill – which would be the biggest fiscal stimulus measure ever passed by Congress – by 96 votes to zero late on Wednesday, overcoming partisan negotiations and encouraging Democratic-majority House to vote for it. With one in three Americans called to stay home, schools and businesses closed across […]
Department of Labour shocked (if anyone can be shocked anymore) with the report on initial job claims today. RSM US LLP Chief Economist, Joseph Brusuelas, said that these numbers (Jobless claims to 3.283 million) shows” the unemployment rate in the April employment report will increase from 3.5% to roughly 5.75%“. On a positive side, Salesforce […]
The Cheesecake Factory, an American restaurant company and distributor of cheesecakes informed their landlords that they are not going to pay their bills anymore, since they are BROKE. According to LA Eater, Cheesecake CEO David Overton wrote to landlords: “Due to these extraordinary events, I am asking for your patience, and frankly, your help.” and […]
Bill Gates, the co-founder of Microsoft and a well known philanthropist, shared his view on risks involved in restarting the economy. Bill Gates oposed the idea during a TED interview with Chris Anderson, saying that “there really is no middle ground, and it’s very tough to say to people, ‘Hey, keep going to restaurants, go […]
The United States Congress has agreed to the approval of the most powerful economic rescue plan in the U.S. history, an arsenal of nearly two trillion dollars to help relieve the economic impact of Coronavirus.The agreement between the White House and Republicans, on the one hand; and the Democratic opposition, on the other hand, arrived […]
According to recent filings with the Securities and Exchange Commission, Warren Buffett’s Berkshire Hathaway holds a big chunk in several airlines: more than 50 million shares of Southwest , 42 million shares of American Airlines Group, 21.9 million shares of United Airlines, and 71.8 million shares of Delta Air Lines after buying almost a million […]
In a collaboration between Miral and Warner Bros, the first Warner Bros-branded (WB) hotel will be opened on Yas Island, Abu Dhabi in 2021. The President of Warner Bros. global brands and experiences said: “Following the successful debut of Warner Bros. World Abu Dhabi, we are thrilled to expand our presence in the region with […]