Adding to the company’s challenges, new regulations in California, such as the “Honest Pricing Law,” have created hurdles for Airbnb’s operations in the state.
These developments come amid a broader economic slowdown reflected in recent reports from other major companies like Microsoft and Amazon. Both tech giants experienced lower-than-expected sales, with Amazon citing consumer caution and a focus on deals. Amazon’s finance chief attributed the slowdown to consumers being distracted by political events and the Olympics. He also mentioned that consumers were “cautious” and “looking for deals.”
US stock markets too witnessed one of the worst week since Covid outbreak in 2020. Technology stocks particularly have been badly hit.
The overall economic climate, as evidenced by the recent sluggish jobs report and subsequent stock market volatility, is contributing to a sense of uncertainty among consumers.
Dive into the latest updates that are making waves and shaping the world. Here’s a…
2024-09-20 08:15:03 Mortgage rates are a lot lower today than they were at the start…
SEOUL, South Korea -- South Korea’s government, Western countries and adoption agencies worked in tandem…
2024-09-20 08:05:03 Durante el Mes de la Herencia Hispana, Google ha decidido utilizar sus Doodle…
2024-09-20 07:55:03 The days where the only option to renew your passport was mailing the…
2024-09-20 07:45:02 US stocks soared, with the Dow Jones Industrial Average (^DJI) closing above the…