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Yahoo
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- Yahoo
Norwegian Cruise Line pops, Lam Research slips, Reddit earnings
Here are some of the stories Wall Street is watching on Thursday, July 31. Shares of Norwegian Cruise Line (NCLH) are popping on sales growth and upbeat comments about bookings Lam Research (LRCX) is falling on concerns about demand from China. Reddit (RDDT) shares are jumping ahead of its Q2 report, set to be released after the market close. Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute. It's time for Yahoo! Finance's Market Minute. Norwegian Cruise Line shares pop after the company highlights a rebound in demand, Norwegian reporting sales growth of 6% and adjusted EBITDA topping analyst expectations. The cruise line noting that bookings are now ahead of historical levels in recent months, and sees continued strength in onboard spend. Lam Research shares declining despite reporting better-than-expected earnings. However, analysts noting that China demand remains uncertain for the chip equipment maker. Jeffries noting that spending from Chinese customers is expected to normalize in December. And Reddit shares jumping in today's trade as the company gears up to report second quarter earnings after the bell. Wall Street pointing to worries tied to the social media platform, analysts raising concerns on how changes to Google search's algorithm could now affect daily active users, as that has already fallen below expectations in the US in the past two quarters. And that's your Yahoo! Finance Market Minute. For more of what's trending, scan the QR code below.
Yahoo
an hour ago
- Yahoo
Booking Holdings Inc. (BKNG) Bets on AI to Fuel Next Phase of Travel Innovation
We recently compiled a list of the Booking Holdings Inc. stands second on our list. Booking Holdings Inc. (NASDAQ:BKNG), the parent company of Priceline, Agoda, Kayak, and OpenTable, reported strong Q2 2025 results, with revenue up 16% year-over-year to $6.8 billion and adjusted EBITDA rising 28% to $2.4 billion. Room nights grew 8%, and gross bookings increased 13% to $46.7 billion, driven largely by international demand, particularly from affluent Asian travelers. Alternative accommodations saw faster growth than overall room nights, now accounting for 37% of total bookings, supported by an 8% increase in listings to 8.4 million. Mobile bookings also surpassed 50% of total reservations, reflecting growing user preference for direct digital engagement. To maintain momentum, Booking Holdings Inc. (NASDAQ:BKNG) is investing heavily in AI and technology to personalize and streamline travel planning. Initiatives include a voice-enabled assistant for Priceline, AI tools for and automated customer service agents for OpenTable. These tools are aimed at enhancing user experience and reducing reliance on third-party channels. Despite a slowdown in U.S. travel spending, the corporation continues to perform well in European and Asian markets, supported by direct booking and social media strategies. Maxx-Studio/ Looking forward, Booking Holdings Inc. (NASDAQ:BKNG) expects a modest deceleration in Q3, with projected revenue growth of 7–9% and room nights up 3.5–5.5%, citing macroeconomic and geopolitical headwinds. However, the business raised its full-year guidance, anticipating low double-digit revenue growth and mid-teens EBITDA gains, driven by strong alternative accommodation performance and its integrated 'connected trip' strategy. While we acknowledge the potential of GOOGL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Skift
an hour ago
- Skift
From Vegas to Nashville: Elon Musk's Loop Targets Event Cities
Elon Musk's Loop transit system is set for a 2026 launch in Nashville, where a new 10-mile tunnel is in the works. This project promises faster travel times for convention-goers, but it faces skepticism about its capacity and scalability. Elon Musk's Boring Company has unveiled plans to construct the Music City Loop, a 10-mile underground transportation tunnel in Nashville. The privately funded system will connect the city's downtown area, including the Music City Center, to Nashville International Airport. The goal is to reduce the travel time between the convention center and airport to around eight minutes, using Teslas, another Musk company, navigating underground tunnels. Construction of the Loop is slated to begin this fall, with the first segment expected to open by the end of 2026. Exact route and station locations are still being finalized. Tennessee Governor Bill Lee supports the project, saying it supports the state's push to modernize infrastructure and ease traffic. However, there are no plans to use public funds for the project, that will be funded privately by the Boring Company. Loop's Second Act After Vegas The Music City Loop is the Boring Company's second major project, following the Las Vegas Convention Center Loop, which opened in 2021. The Las Vegas Loop spans 2.1 miles, connects five stations, and has carried more than 3 million passengers, according to Boring. A ride between the convention center and Resorts World takes under two minutes. That's much faster than a 25-minute walk or a traffic-clogged Uber trip. But despite its success in Las Vegas, the Loop's Nashville expansion is not without its critics. Transit experts have pointed out that the system's reliance on human-driven Tesla vehicles and its one-vehicle-at-a-time capacity limit could prove inefficient, particularly in high-traffic areas. Others warn that, because the project is privately funded, it may sidestep regulatory oversight that typically accompanies public infrastructure projects. Unlike traditional mass transit systems that can accommodate large numbers of passengers on trains or buses, the Loop's current design is not expected to carry enough people to significantly reduce congestion in Nashville. Despite these concerns, the Boring Company has big plans for the future of the Loop. The Las Vegas network is set to expand to 68 miles with 104 stations, eventually connecting key locations such as Harry Reid International Airport, Allegiant Stadium, MGM Grand, and downtown Las Vegas.
