: TaskRabbit to close its offices, go entirely remote

In another sign of the changing times, TaskRabbit on Monday announced it was closing its offices, including its San Francisco headquarters, and switching to a “remote-first” work policy. “For us, remote-first is the concept of putting virtual work and remote participation as priority and the primary way our employees work, with all other means of […]

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Hot Stocks | KSB, Endurance Technologies, Transport Corporation may give up to 12% return in short term. Here#39;s why

Transport Corporation of India is placed above 20, 50 and 200 days EMA, which indicates the bullish trend on all time frames. Stock price has surpassed the previous swing high resistance of Rs 764. Vinay Rajani May 24, 2022 / 06:06 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); //if(resData[stkKey][‘percentchange’] > 0){ // $ (‘#greentxt_’+articleId).removeClass(“redtxt”).addClass(“greentxt”); // $ (‘.arw_red’).removeClass(“arw_red”).addClass(“arw_green”); […]

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Trade Spotlight | What should you do with JSW Energy, Easy Trip, Adani Power on Tuesday?

After a deeper correction, JSW Energy took support at Rs 240 level and has bounced sharply in the last week. On Monday, the stock has seen good price volume action and has managed to recapture above the 20 days SMA (Rs 294). Sunil Shankar Matkar May 24, 2022 / 06:11 AM IST ‘); $ (‘#lastUpdated_’+articleId).text(resData[stkKey][‘lastupdate’]); […]

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Asia stocks restrained as US futures retreat

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The Wall Street Journal: Airbnb to close domestic business in China amid continuing lockdowns

Airbnb Inc. plans to close its domestic business in China after harsh COVID-19 lockdowns compounded the pain from mounting local competition, according to people familiar with its decision. Bookings of stays and experiences in China typically account for about 1% of Airbnb’s overall revenue, the people said. The home-sharing company is a small competitor in China’s travel industry. […]

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The Tell: When will stocks find a bottom? Treasury rates need a footing first, says this strategist

Maybe forget about finding a crystal ball for stocks. It’s “Finance 101 stuff” that Treasury rates need to stabilize before it’s possible for investors to gauge if U.S. equities have hit bottom, according to Nicholas Colas, co-founder of DataTrek Research. Since Treasury rates provide the “bedrock of capital asset-pricing models,” without knowing if longer-term rates […]

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Startup eBikeGo completes $5 million fund infusion

(Representative image: Reuters) Electric bike startup eBikeGo announced on Monday the completion of USD 5-million fund infusion in the form from a clutch of international and domestic investors and said it is now looking to raise USD 25 million more. The funding will help the company launch e-scooter Muvi and trike Velocipado next year, it […]

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