Vacasa stock plunges after worse-then-expected outlook
Vacasa Inc. (VCSA) is a vacation rental management company that provides inventory to booking partners such as Airbnb Inc. and Booking Holdings Inc. Recently, the company reported a lower-than-expected outlook for Q1 2023, which caused a significant share price drop of up to 15% during extended trading hours on Tuesday. The company’s growth over the […]
OPEC+ will stick to production cuts to end of 2023
On Tuesday, Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman reaffirmed his commitment to the OPEC+ alliance’s production cuts until the end of 2023. In an interview with Energy Intelligence, he stated, “There are those who continue to think we would adjust the agreement … I say they need to wait until Friday, Dec 29 […]
Microsoft backed Space and Time partners with South Korean gaming firm Wemade
Web3 data warehousing platform, Space and Time, has announced a strategic partnership with Wemade, a publicly listed South Korean gaming firm that develops games and services in the metaverse and blockchain domains. The partnership deal will enable Wemade to use Space and Time’s suite of developer tools to power its gaming services. Space and Time’s […]
Lennar stock rises after earnings, forecast beat
Lennar Corp. (LEN) is a leading homebuilding company flourishing in the current economic situation. They have recently released their first-quarter financial results and forecast, which have exceeded Wall Street expectations. As a result, Lennar shares rose by 3% in the extended session on Tuesday, following a 1.3% rise in the regular trading session, closing at […]
New SVB debt-holders group wants company to file for bankruptcy: WSJ
Creditors of SVB Financial Group Have Banded Together to Profit Off Its Post-Bankruptcy Sale A group of creditors of SVB Financial Group has formed in hopes of profiting off the sale of the distressed company’s business segments. Silicon Valley Bank’s parent company, SVB Financial Group, offers financial services to technology and venture capital companies in […]