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CTV News
6 days ago
- Business
- CTV News
Airbnb dips as slower growth outlook renews fears of travel demand slowdown
The login page for Airbnb's iPhone app is seen in front of a computer displaying Airbnb's website. (AP Photo/Patrick Semansky) Shares of Airbnb slumped six per cent before the bell on Thursday after the company forecast slower growth in the second half of the year, disappointing investors of the sector expecting a rebound in travel demand after strong outlooks from major travel firms. The vacation home rental's gloomy outlook came as setback to the industry, which saw a rebound in consumer sentiment in July, and was expecting budget-conscious Americans to return to vacations despite tariffs and inflation. United Airlines and Hilton Worldwide last month forecasted an uptick in bookings and strong fourth-quarter revenue growth. Last week, online travel agency Booking Holdings also posted upbeat quarterly results. 'The company (Airbnb) sees tariffs having an impact on margins in the third quarter, with the initial tariffs shock in April leading to a big drop in bookings,' said Danni Hewson, head of financial analysis at AJ Bell. Investors will now focus on results from Expedia Group EXPE.O, due after the bell, to better gauge the health of the travel industry in the United States. Airbnb attributed its weak growth outlook to tough comparisons with the year-ago period, when strong bookings in Asia and Latin America had helped earnings. The company expects night bookings growth to moderate year-over-year going into the fourth quarter. It expects the implied take rate, or the ratio of revenue to gross bookings, to remain flat in the third quarter. So far this year, Airbnb and Expedia shares have both fallen 0.6 per cent each compared with an 11.4 per cent rise in Booking Holdings during the same period. Airbnb commands a higher forward price-to-earnings multiple of 28.41, compared with Booking that's trading at a more modest 22.69 and Expedia at 11.57. (Reporting by Kanchana Chakravarty in Bengaluru; Editing by Ronojoy Mazumdar and Shinjini Ganguli)
Toronto Sun
20-07-2025
- Politics
- Toronto Sun
Trump threatens to hold up stadium deal if Washington Commanders don't switch back to Redskins
Published Jul 20, 2025 • 3 minute read Washington Commanders jerseys are displayed at an event to unveil the NFL football team's new identity, Feb. 2, 2022, in Landover, Md. Photo by Patrick Semansky / AP CLEVELAND (AP) — President Donald Trump is threatening to hold up a new stadium deal for Washington's NFL team if it does not restore its old name of the Redskins, which was considered offensive to Native Americans. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Trump also said Sunday that he wants Cleveland's baseball team to revert to its former name, the Indians, saying there was a 'big clamouring for this' as well. The Washington Commanders and Cleveland Guardians have had their current names since the 2022 seasons and both have said they have no plans to change them back. Trump said the Washington football team would be 'much more valuable' if it restored its old name. 'I may put a restriction on them that if they don't change the name back to the original 'Washington Redskins,' and get rid of the ridiculous moniker, 'Washington Commanders,' I won't make a deal for them to build a Stadium in Washington,' Trump said on his social media site. His latest interest in changing the name reflects his broader effort to roll back changes that followed a national debate on cultural sensitivity and racial justice. The team announced it would drop the Redskins name and the Indian head logo in 2020 during a broader reckoning with systemic racism and police brutality. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. The Commanders and the District of Columbia government announced a deal earlier this year to build a new home for the football team at the site the old RFK Stadium, the place the franchise called home for more than three decades. Trump's ability to hold up the deal remains to be seen. President Joe Biden signed a bill in January that transferred the land from the federal government to the District of Columbia. The provision was part of a short-term spending bill passed by Congress in December. While D.C. residents elect a mayor, a city council and commissioners to run day-to-day operations, Congress maintains control of the city's budget. Josh Harris, whose group bought the Commanders from former owner Dan Snyder in 2023, said earlier this year the name was here to stay. Not long after taking over, Harris quieted speculation about going back to Redskins, saying that would not happen. The team did not immediately respond to a request for comment following Trump's statement. This advertisement has not loaded yet, but your article continues below. The Washington team started in Boston as the Redskins in 1933 before moving to the nation's capital four years later. The Cleveland Guardians' president of baseball operations, Chris Antonetti, indicated before Sunday's game against the Athletics that there weren't any plans to revisit the name change. 'We understand there are different perspectives on the decision we made a few years ago, but obviously it's a decision we made. We've got the opportunity to build a brand as the Guardians over the last four years and are excited about the future that's in front of us,' he said. Cleveland announced in December 2020 it would drop Indians. It announced the switch to Guardians in July 2021. In 2018, the team phased out 'Chief Wahoo' as its primary logo. This advertisement has not loaded yet, but your article continues below. The name changes had their share of supporters and critics as part of the national discussions about logos and names considered racist. Trump posted Sunday afternoon that 'The Owner of the Cleveland Baseball Team, Matt Dolan, who is very political, has lost three Elections in a row because of that ridiculous name change. What he doesn't understand is that if he changed the name back to the Cleveland Indians, he might actually win an Election. Indians are being treated very unfairly. MAKE INDIANS GREAT AGAIN (MIGA)!' Matt Dolan, the son of the late Larry Dolan, no longer has a role with the Guardians. He ran the team's charity endeavours until 2016. Matt Dolan was a candidate in the Ohio U.S. Senate elections in 2022 and '24, but lost. Washington and Cleveland share another thing in common. David Blitzer is a member of Harris' ownership group with the Commanders and holds a minority stake in the Guardians.
Economic Times
20-07-2025
- Sport
- Economic Times
Donald Trump demands NFL football team Washington Commanders, Baseball team Cleveland Guardians name change. Owners have other ideas
Washington dropped Redskins after the 2019 season and was known as the Washington Football Team for two years before moving to Commanders. Cleveland announced in December 2020 it would drop Indians. It announced the switch to Guardians in July 2021. In 2018, the team phased out "Chief Wahoo' as its primary logo. Tired of too many ads? Remove Ads Washington Commanders, Cleveland Guardians FILE - Washington Commanders jerseys are displayed at an event to unveil the NFL football team's new identity, Feb. 2, 2022, in Landover, Md. (AP Photo/Patrick Semansky, file) Tired of too many ads? Remove Ads Jul 20, 2025; Cleveland, Ohio, USA; Cleveland Guardians shortstop Brayan Rocchio (4) rounds third base en route to scoring on a hit by designated hitter David Fry (not pictured) during the fourth inning against the Athletics at Progressive Field. Mandatory Credit: Ken Blaze-Imagn Images FAQs President Donald Trump wants Washington's football franchise Washington Commanders and Cleveland's baseball team Cleveland Guardians to revert to their former names. Josh Harris, whose group bought the Commanders from former owner Dan Snyder in 2023, said earlier this year the name was here to stay. Not long after taking over, Harris quieted speculation about going back to Redskins, saying that would not happen. Guardians president of baseball operations Chris Antonetti indicated before Sunday's game against the Athletics that there weren't any plans to revisit the name Trump said Sunday on his Truth Social site that 'The Washington 'Whatever's' should IMMEDIATELY change their name back to the Washington Redskins Football Team. There is a big clamoring for this. Likewise, the Cleveland Indians, one of the six original baseball teams, with a storied past. Our great Indian people, in massive numbers, want this to happen. Their heritage and prestige is systematically being taken away from them. Times are different now than they were three or four years ago. We are a Country of passion and common sense. OWNERS, GET IT DONE!!!'Both teams have had their current names since the 2022 seasons. Washington dropped Redskins after the 2019 season and was known as the Washington Football Team for two years before moving to announced in December 2020 it would drop Indians. It announced the switch to Guardians in July 2021. In 2018, the team phased out "Chief Wahoo' as its primary name changes had their share of supporters and critics as part of national discussions about institutions and teams to drop logos and names considered Guardians are the fifth name for Cleveland's baseball franchise. It joined the American League in 1901 as one of the eight charter franchises as the Blues. It switched to the Bronchos a year later and used the Naps from 1903 through 1914 before moving to the Indians in started in Boston as the Redskins in 1933 before moving to the nation's capital four years and Cleveland share another thing in common. David Blitzer is a member of Harris' ownership group with the Commanders and holds a minority stake in the Guardians.A1. Washington's football franchise is Washington Commanders.A2. Cleveland's baseball team is Cleveland Guardians.
Newsweek
11-07-2025
- Business
- Newsweek
IRS Issues Tax Filing Request to Thousands Before Fall Rush
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. The Internal Revenue Service has issued a request to thousands of taxpayers who sought extensions for their 2024 federal tax returns to file them during the summer months. The IRS emphasized that filing early can help taxpayers avoid the expected fall rush ahead of the October 15 deadline, potentially expediting payment plans or the resolution of issues that may arise during the filing process. The agency promoted its IRS Free File program, which provides free, guided tax preparation online for individuals with an adjusted income of $84,000 or less. The Internal Revenue Service building in Washington D.C. in 2021. The Internal Revenue Service building in Washington D.C. in 2021. Patrick Semansky/AP Why It Matters By encouraging early filing, the IRS seeks to reduce system bottlenecks caused by last-minute submissions in October—a period known for high traffic among extension filers. Missing the filing deadline can trigger penalties, interest and potential complications with future filings. The IRS Free File program's expansion to those earning $84,000 or less reflects ongoing efforts to make tax filing more accessible and cost-effective for everyday Americans. What To Know The IRS Free File program is available around the clock, offering guided, secure federal tax preparation and electronic filing at no cost for many Americans. The IRS' Free File Fillable Forms are also accessible to all taxpayers, regardless of income. These initiatives are designed to streamline the filing process, provide transparency and reduce errors for extension filers. Multiple secure payment methods are available—including IRS Online Account, IRS Direct Pay, the Electronic Federal Tax Payment System and major credit or debit cards. Immediate electronic payment confirmation is also provided. Taxpayers unable to pay their full balance may apply for a payment plan online. Short-term plans are available for those who owe less than $100,000, granting up to 180 days to pay. Long-term installment agreements, available for balances under $50,000, offer up to 72 months to pay. While interest and penalties continue, active installment agreements reduce the failure-to-pay penalty by half. What People Are Saying Jay A. Soled, a professor and chair of the Department of Accounting and Information Systems at Rutgers Business School, New Jersey, previously told Newsweek: "Even with the tax-filing extension, interest will apply to any 2024 tax payments received after April 15. This means that unpaid tax-year 2024 tax balances will begin accruing interest, currently at the rate of seven percent per year, compounded daily, after April 15, 2025." Richard D. Pomp, a professor of law at the UConn Law School, Connecticut, previously told Newsweek: "We are currently living through a total state of chaos at the IRS. Whenever possible, taxpayers abroad should file electronically and verify with screen shots and saved files, and copies of all documentation." What Happens Next The IRS is set to continue processing early extension filings over the summer. Its Free File resources are available until the October 15 deadline.
Toronto Sun
29-06-2025
- Entertainment
- Toronto Sun
STOSSEL: Times changing as Amazon lifts ban on ‘The War on Children'
This March 19, 2018 file photo shows Amazon's Prime Video streaming app on an iPad in Baltimore. Photo by Patrick Semansky / THE ASSOCIATED PRESS Before Robby Starbuck became a problem for leftist companies, alerting consumers to stupid woke indoctrination policies, he directed music videos. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account He worked with some big names, like Snoop Dogg and Natalie Portman. In my new video, I remind him that his Snoop Dogg video includes the lyrics: 'Set the mood, spoon and groom. … I can get you high.' He replies, 'Realizing that this stuff has a negative effect on culture … is something that became present to me when I became a dad.' One day his daughter came home and told him she had to sit through a 'weird white privilege' lecture at school. He investigated and what he found set him on a new path. Now he's won a big following on X by pointing out companies that force employees to obey 'woke' rules. Walmart, Toyota, Pepsi, John Deere, Harley Davidson and others scaled back diversity, equity and inclusion (DEI) mandates after Starbuck's posts. Your noon-hour look at what's happening in Toronto and beyond. By signing up you consent to receive the above newsletter from Postmedia Network Inc. Please try again This advertisement has not loaded yet, but your article continues below. It's great that he's made real change, simply by publicizing what companies do. But I'm skeptical about his new movie, The War on Children . Starbuck says it 'covers everything kids have faced today in the West, from gender ideology to the sort of communist mentality that's entered our schools, to the depression crisis and the mental health crisis.' His movie was banned on Amazon Prime. He was banned by TikTok. 'One reason they might have banned you,' I suggest, 'is you say, 'TikTok intentionally confuses kids about their gender.'' 'TikTok's algorithm has fed young children in this country gender transition content that confuses them about who they are,' he replies. 'This is a social contagion.' But when I signed up for TikTok, the algorithm just gave me short videos I find fun to watch — beach volleyball, emotional family reunions, kittens playing … This advertisement has not loaded yet, but your article continues below. Starbuck says young people get different feeds. 'If the sole information they have about you is you're a teenager and interested in pop culture, that's where they orient you.' But does TikTok intentionally confuse kids about their gender? 'Transitions rarely happen,' I point out. '0.08% of kids get diagnosed with gender dysphoria. If TikTok is converting them, they're not doing a very good job.' 'You're talking about thousands and thousands of kids who get the medical procedures,' he replies. 'It's certainly, in many areas, way beyond the number that you stated. This is a social contagion. Look at the whole area surrounding UC Davis in California in the public schools; the number of kids who believe they're some form of LGBTQ+ is well over 20%.' This advertisement has not loaded yet, but your article continues below. I ask him, 'Aren't there some people who genuinely feel like they're born in the wrong body?' 'They can believe it all day long. That's fine. It doesn't make it the truth. I'm not going to pretend to affirm something that's not true … I would be doing a disservice by pretending that every delusion is actually real, just because it might make somebody happy.' 'But it does make some people happy,' I say. 'Sure, and if you're an adult and you make a set of decisions I disagree with, that's your prerogative. Knock yourself out. But once you cross a line and you start doing this to children who don't have informed consent, don't understand what they're actually doing and what they're signing up for, I think there's no forgiveness.' This advertisement has not loaded yet, but your article continues below. While Starbuck and I don't entirely agree on this issue, I'm glad we can talk about it. Now, you can look for yourself — The War on Children is officially unbanned. What changed Amazon's mind? 'The politics have changed,' says Starbuck. 'It's back on Amazon Prime now and I'm unbanned at TikTok … I was right when I warned about the idea of modern communism, where companies act as a proxy for the government, because these things all occurred when the Democrats were in power. Now we're in a new time period where the people on my side are in power. Now these companies are tripping over themselves to go and say, 'We're not banning you. We didn't mean it … ' We need companies to not be prisoners to political ideologies and instead just behave like they're actual companies.' He's right about that. Every Tuesday at Stossel posts a new video about the battle between government and freedom. Sports Sunshine Girls Sunshine Girls Toronto Maple Leafs Columnists
