Tag Archives: Airbnb

US

Pennsylvania: At least 2 dead, several others being treated for gunshot injuries following Airbnb shooting

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At least two victims have been killed and several others are being treated in Pittsburgh for gunshot injuries following reports of multiple shots fired at an Airbnb on the southeast side of the city, police said.

“Multiple shots have been fired in East Allegheny with several gunshot victims,” Pittsburgh Public Safety said in a statement, calling the ongoing situation a “very active scene.”

Moments later, Public Safety said at least 11 victims were transported to a local hospital, where two victims were pronounced deceased. Several others received injuries as a result of escaping what is believed to be a singular shooter who fired 50 rounds inside and outside the home. There were reportedly more than 200 people at the party, many underage, at the time of the shooting incident, WTAE reported.

The scene of a shooting incident on April 17, 2022. 
(Pittsburg Public Safety/@PghPublicSafety)

PENNSYLVANIA MAN ARRESTED, CHARGED AFTER SLAPPING BIDEN ‘I DID THAT’ STICKERS ON GAS PUMPS

“As many as 10 gunshot victims are being treated at area hospitals, three of them critical,” Public Safety said, before clarifying an eleventh person was being treated.

The victims include at least two juvenile boys, who arrived at the hospital in critical condition, police said. They died to their injuries, WTAE reported. Another victim was in stable condition, police added.

BEAR CREEK TOWNSHIP, UNITED STATES:  A Pennsylvania State Police Trooper guards the entrance to a service road leading to the area of the crash site of a twin engine aircraft that crashed 21 May, 2000.   AFP PHOTO/Tom MIHALEK (Photo credit should read TOM MIHALEK/AFP via Getty Images)
(Photo credit should read TOM MIHALEK/AFP via Getty Images)

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The status of the other victims is not immediately known.

This is a breaking story, check back for updates. 

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Business

Airbnb, Roblox, Wynn Resorts & more

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The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019.

Charles Platiau | Reuters

Check out the companies making headlines in after-hours trading:

Airbnb — Shares of the property rental company advanced 5% during extended trading Tuesday following the company’s fourth-quarter results. Airbnb earned 8 cents during the period on $1.53 billion in revenue. Analysts surveyed by Refinitiv were expecting the company to earn 3 cents on $1.46 billion in sales. The company also gave strong guidance.

Wynn Resorts — The hotel company’s stock slid more than 2% after Wynn missed earnings estimates for the fourth quarter. Wynn lost $1.37 per share excluding items, which was a wider loss than analysts had been expecting. Revenue, however, topped expectations. The company reported sales of $1.05 billion, compared to the $994 million analysts surveyed by Refinitiv were expecting.

Roblox — Shares of the gaming company dropped more than 12% after Roblox’s fourth-quarter results missed expectations on the top and bottom line. The company lost 25 cents per share during the period and reported sales of $770 million. Wall Street was expecting the company to lose 13 cents per share on $772 million in revenue, according to estimates from Refintiv.

Denny’s — Shares of Denny’s dropped 10% after the company’s fourth-quarter results disappointed Wall Street. Denny’s earned 16 cents per share on $107.6 million in revenue. Analysts surveyed by Refinitiv were expecting the company to earn 17 cents on $111.8 million in revenue.

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Entertainment

‘Home Alone’ House Hits Airbnb For One Night Only

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The iconic house from ‘Home Alone’ is ready to play host to some lucky guests … and while folks spending the night won’t have to ward off bandits, they can still set the booby traps!!!

In celebration of the upcoming release of “Home Sweet Home Alone,” Buzz McCallister is hosting a super rare overnight stay at the family’s Chicago home, while the McCallisters are once again away for the holidays.

The famous home from the OG movie is being converted into an Airbnb for one night only … and 4 guests can relive their favorite moments from the Christmas classic for only $25!!!

If you’re lucky enough to snag the spot, a night inside the ‘Home Alone’ crib will have you feeling like Macaulay Culkin.

The place will be decked out with holiday decorations, including twinkling lights and a perfectly trimmed Christmas tree … one of little Kevin McCallister’s favorites.

Don’t worry about the Sticky Bandits, but have fun setting up the booby traps … and laugh because you’re not the one sidestepping them!

Of course, a night in the McCallister house wouldn’t be complete without splashing aftershave and screaming in the bathroom mirror.

Pig out with all the ’90s junk food you can stomach, plus plenty of Chicago’s finest pizza and a candlelit dinner with Kraft macaroni and cheese.

Buzz is hosting, so naturally, there’s a meet and greet with a real-life tarantula … which probably won’t crawl on your face. No crowbars needed.

The movie inside the movie, “Angels With Filthy Souls,” isn’t long enough to really make your night … instead, enjoy a viewing of the film franchise’s newest offering, “Home Sweet Home Alone.”

If LEGO is your thing … the place comes with a ‘Home Alone’ kit to bring home.

It’s the first time the mansion’s opening up its doors for fans looking to recreate the movie magic, and bookings start December 7 for the Dec. 12 stay. Airbnb will also make a donation to Chicago’s La Rabida Children’s Hospital to celebrate the rare event. Folks trying to book have to follow the strict COVID-19 guidelines in Illinois.

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Business

Peloton, Nvidia, Airbnb, Expedia: What to Watch in the Stock Market Today

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Futures ticked higher after jobs figures showed that hiring picked up in October and the unemployment rate fell. Here’s what we’re watching ahead of Friday’s opening bell:

  • Peloton Interactive shares went off the wheels, plunging 34% premarket. The maker of connected fitness equipment reported its smallest quarterly gain in subscriber growth since it became a public company two years ago, and said that fewer people are joining its online workouts.
  • Airbnb gained 5% ahead of the bell. The home-sharing company posted record revenue in the third quarter, punctuating its rebound from the collapse in bookings during the early days of the pandemic.
  • Nvidia added 2.1% premarket. Wells Fargo on Thursday lifted its price target for the stock, and it notched its best one-day performance in 19 months.
  • Pfizer shares climbed 12% after the drugmaker said a preliminary look at study results indicated that its experimental pill was highly effective at preventing people at high risk of severe Covid-19 from needing hospitalization or dying.
  • Expedia jumped 14% after the online travel agency turned a profit for the third quarter, driven by the performance of its Vrbo business, domestic travel and improvements across its lines of business.
  • Square dropped 3.9%. The payments firm reported weaker-than-expected revenue as it brought in far lower revenue from cryptocurrency bitcoin than what analysts were expecting.
  • GoPro rose 11%. The camera maker easily exceeded expectations for its most recent quarter and expressed confidence in its ability to hit its full-year targets.
  • DraftKings shares fell 6.1% after the online-betting company posted third-quarter revenue growth that fell short of analysts’ expectations and turned in a steeper net loss than had been anticipated.
  • Goodyear Tire & Rubber  and  Dominion Energy  are due to report earnings before the opening bell.
  • Yelp climbed 5.9% off hours. The online-reviews site reported record-tying quarterly revenue and earnings that blew past Street estimates.
  • American Homes 4 Rent slipped 0.9% off hours. The home-rental company reported better-than-expected results in the latest quarter as the demand for single-family home rentals remained strong.
  • Boeing added 2.4%. Current and former directors have reached an approximately $225 million agreement to settle a shareholder lawsuit that claimed the plane maker’s board failed to properly oversee safety matters related to the 737 MAX.
Chart of the Day
  • Investors have jolted government bond markets in the past month as they reassess what will happen to the basic cost of money that underpins the financial system. But other markets don’t seem to care.

Write to James Willhite at james.willhite@wsj.com

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Entertainment

Stay in Carrie Bradshaw’s ‘SATC’ apartment for $23 on Airbnb

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If you can’t help but wonder what it would be like to be Carrie Bradshaw for a day, now’s your chance.

For just $23 a night, Airbnb is offering guests a chance to stay at a re-creation of the iconic “Sex and the City” character’s brownstone apartment — walk-in closet included.

While Sarah Jessica Parker’s Bradshaw notoriously lived on a writer’s salary in a spacious Upper East Side one-bedroom — that would cost at least $3,000 a month today — this nostalgic sojourn will instead be in the tony Chelsea neighborhood for the cost of a Cosmopolitan.

The Airbnb stay — the first of its kind for two lucky parties — is in celebration of the upcoming release of the HBO Max Original, “And Just Like That.” Parker, 56, personally helped craft the reproduction of the famous residence, which will offer guests rare access to the style icon’s wardrobe — including her beloved tutu from the opening credits and shoes from her SJP line.

In fact, the apartment is a treasure trove of replicas “Sex and the City” fans will fondly recall, and even includes a circa-2000 cordless phone for chatting about sex with girlfriends and a laptop to get your creative-writer juices flowing.

“We worked hand-in-hand with Warner Bros. and Sarah Jessica Parker to re-create the space in the most authentic way possible, full of Easter eggs to surprise and delight fans,” Airbnb spokesperson Liz DeBold Fusco told The Post, noting that the facsimile will “look and feel like the cozy, homey space Carrie created.”

Fans will get a chance to try on fashions similar to what Carrie Bradshaw wore on “Sex and the City” — including the tutu from the opening credits.
Kate Glicksberg/Airbnb
The bedroom includes an exact replica of Carrie’s bedspread.
Kate Glicksberg/Airbnb
Carrie Bradshaw’s iconic apartment had the walls painted green in the first film when she redecorated.
Kate Glicksberg/Airbnb

“Her apartment was eclectic without being cluttered, and it told the story of her personality with the never-ending piles of Vogues, overflowing closet, and, of course, the Post-it notes,” she added.

While Fusco said there “aren’t any items from the show on set,” the team paid close attention to detail to ensure it looks authentically Bradshaw with “an exact match” of Carrie’s bedspread, her tutu, her Carrie nameplate necklace, the chair ex-boyfriend Aidan gifted her and the beloved Eiffel Tower bag she carried around town on dates with Mr. Big.

“The Carrie Bradshaw character is near and dear to my heart, and revisiting her world for the continuation of the ‘Sex and the City’ story has been such a joy,” Parker said in a press release. “I’m excited for our audience to experience Carrie’s New York like never before and walk in her shoes, quite literally, for the first time.”

Sarah Jessica Parker at the apartment re-creation in her favorite room, the closet. To the left, the iconic Eiffel Tower purse she carried on multiple occasions.
Tara Rice/Airbnb
The living room includes a leather chair similar to the one John Corbett’s character, Aidan, crafted for his beau.
Kate Glicksberg/Airbnb
Of course, the laptop includes a Post-it — but not the infamous, “I’m sorry I can’t, don’t hate me” one from Jack Berger.
Kate Glicksberg/Airbnb

Two stays in total are being offered at the special $23 price (plus taxes and fees), and up to two guests are allowed to enjoy the one-bedroom, one-bathroom apartment.

The home will be available on Nov. 12 and 13. During their stay, those lucky guests will get the full treatment, which includes:

  • A virtual greeting at check-in from Parker herself, and a narration reminiscent of each episode’s thought-provoking intro.
  • The opportunity to descend the steps of her brownstone and stroll the streets of Manhattan (but the splash from a city bus is not included).
  • Brunch in the Chelsea neighborhood and a round of Cosmopolitans for guest and friends to toast with.
  • The chance to play dress-up in Carrie’s iconic closet, complete with her favorite looks (such as the Patricia Field tutu she wears in the opening credits), designers, and, of course, shoes!
  • A styling session and photo shoot where guests can channel their inner fashionistas.
Sarah Jessica Parker typing on her laptop during Season 5 of “Sex and the City.”
HBO
A still from a “Sex and the City” episode in 1999 of her apartment before she redecorated it in the first movie.
HBO
Replicas of the props from the show are seen in the Airbnb listing, including Carrie’s gold nameplate necklace and a cordless phone.
Kate Glicksberg/Airbnb

Fans interested in walking in Carrie’s shoes can reserve their stays beginning Monday, Nov. 8, at noon ET at Airbnb.com/SexAndTheCity.

“It’s been 23 years since I first stepped into Carrie’s shoes, and now, it’s your turn,” the listing states.

In reality, Bradshaw’s apartment — nor the affordable rent she paid — actually doesn’t exist. On the show, Parker’s unlucky-in-love character only paid $700 per month for the apartment she rented at 245 E. 73rd St. However, that address does not exist, since the last door on the block, near Second Avenue, is No. 243.

A reproduction of Carrie Bradshaw’s New York City brownstone apartment will be listed on Airbnb in celebration of the upcoming release of the HBO Max Original, “And Just Like That.”
Tara Rice/Airbnb
Sarah Jessica Parker in Carrie Bradshaw’s famous closet in 2010.
Warner Bros

Most of the shots seen on the hit show were actually filmed in the West Village, at the stoop of 66 Perry St. Countless fans have gathered to snap photos of the iconic facade, which has drawn ire from the building owners over the years. SJP herself even once infuriated the owners and neighbors of the townhouse after she staged a photo shoot on the storied stoop for her shoe line.

“The situation with ‘SATC’ visitors is still very intense,” the Perry Street Association told Page Six. “People who live here get upset that the sidewalks are constantly jammed.”

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Health

How to Make Holiday Plans That Don’t Involve Getting COVID, According to the CDC

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Photo: ANGELA WEISS / Contributor (Getty Images)

Remember holiday season 2020? We argued that the safest move was to have Thanksgiving at home and postpone big Christmas gatherings to next year, when we would hopefully all have vaccines. (The first COVID vaccines were authorized in December, if you’ll recall.) This year, things are different, but we’re not out of the woods yet. The CDC has updated their holiday celebrations page just in time to plan those seasonal get-togethers.

Here are their tips, which correspond pretty well with the kind of common-sense stuff a lot of us are doing anyway.

Kids are still vulnerable to COVID-19

While there’s hope that children under 12 may be able to get vaccines soon, that’s not the case yet, and even if you get your kids their shots on the earliest possible day, it takes time for immunity to build. (Two weeks after the final dose of a series is still the definition of “fully vaccinated.”)

Some recommendations for protecting kids:

  • Get everybody around them vaccinated.
  • Even if you’re vaccinated, you may want to wear a mask when you go to holiday parties if you have kids at home, the better to protect them.
  • Kids should wear masks for indoor gatherings with people outside their household, except children under 2.
  • Children under 2 shouldn’t wear masks. (This isn’t because masks are bad or don’t work; it’s in large part because little ones will chew on the masks or drool through them.)

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Do we still need masks for the holidays?

You probably know the drill by now, but if not, these considerations still apply:

  • If you’re not fully vaccinated and you will be spending time indoors with people who don’t live in your household, you should definitely wear a mask.
  • If you are vaccinated, but you’ll be spending time indoors with people who don’t live in your household, a mask is recommended if transmission in your area is “substantial” or “high.” (You can look up the county-level map here, but spoiler: this is almost everybody.)
  • If you have a weakened immune system, you should get vaccinated but then keep protecting yourself with a mask as an extra layer of protection, since some immunocompromised people don’t mount a full immune response to the vaccine and you won’t necessarily know if this is you.
  • If you have a vulnerable person at home, you may want to wear a mask even if you’re vaccinated.

Where should we have our party?

  • Indoor, crowded spaces are still bad news.
  • Outdoors is better than indoors if you have the option.

And as always, please do not attend or host a gathering if you aren’t feeling well.

What about traveling?

If you’re fully vaccinated, the CDC doesn’t have any special recommendations for you, besides that you must wear a mask on public transportation (it’s the law) and that you should consider the guidelines above about where to wear a mask.

If you’re traveling with kids or other people who aren’t fully vaccinated, the CDC has a page explaining safe travel options. The safest way to travel is by taking a short road trip with very few stops. If you must fly, choose the route with the fewest stops or layovers; you don’t want to hang out in any more crowded airports than you need to.

For accommodations, the top choices are staying with vaccinated family, or renting an Airbnb or cabin where you get the whole place to yourself. And when you’re eating on the road, the safest way is to get takeout rather than eating inside a restaurant.

 

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Business

Dow Jones Futures: Nasdaq Hits Milestone; Shopify, Palo Alto, Airbnb Flash Buy Signals

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Dow Jones futures were little changed late Tuesday, along with S&P 500 futures and Nasdaq futures. The stock market rally continued its recent run Tuesday, with the Nasdaq topping the 15,000 level for the first time.




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Shopify (SHOP), Palo Alto Networks (PANW), CrowdStrike (CRWD), Airbnb (ABNB), Facebook (FB), Mercado Libre (MELI) and Roblox (RBLX) were among those flashing buy signals. Meanwhile, “traditional” meme stocks GameStop (GME) and AMC Entertainment (AMC) spiked higher.

The S&P 500 and Nasdaq hit fresh all-time highs, while the Dow Jones nudged higher and the Russell 2000 moved toward a key level. A “risk on” mentality has taken hold since the major indexes hit intraday lows Thursday, testing key levels. There are some tentative signs that Covid cases may be leveling off, giving a boost to ABNB stock and other travel plays.

Palo Alto earnings and guidance not only triggered a PANW stock gap-up breakout, but it fueled other software security. CRWD stock also jumped on news that it will join the Nasdaq 100.

SHOP stock popped as the e-commerce software giant announced a new tie-up with TikTok. Shopify already works with Facebook, which also is flashing an aggressive entry.

While still well off record levels, AMC stock and GME stock blasted above their 50-day lines, rising 20% and 27.5%, respectively. These were arguably early entries on a technical basis. But both already looked extended from their 50-day lines, while still having overhead resistance. Meme stocks are prone to big moves up — and down.

Airbnb and MELI stock are on IBD Leaderboard. Shopify stock is on SwingTrader. ABNB stock was Tuesday’s IBD Stock Of The Day.

The video embedded in this article highlights SHOP stock, Airbnb and ZIM Integrated Shipping (ZIM), along with broader market rally analysis.

Dow Jones Futures Today

Dow Jones futures were flat vs. fair value. S&P 500 futures fell slightly and Nasdaq 100 futures edged up.

Remember that overnight action in Dow futures and elsewhere doesn’t necessarily translate into actual trading in the next regular stock market session.

Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live

Coronavirus News

Coronavirus cases worldwide reached 213.95 million. Covid-19 deaths topped 4.46 million.

Coronavirus cases in the U.S. have hit 38.96 million, with deaths above 648,000.

There are signs that U.S. cases may be starting to peak. Some Southern states with low vaccination rates are seeing a decline in new cases. Vaccinations have ramped up again in the U.S., especially in the South. Together with pre-existing vaccinations and infections as well as growing business and government restrictions, the tide could be close to turning.

Stock Market Rally

The stock market rally had a modest advance on the major indexes, while leading stocks outperformed.

The Dow Jones Industrial Average edged up 0.1% in Tuesday’s stock market trading. The S&P 500 index climbed 0.15%. The Nasdaq composite rose 0.5%. The small-cap Russell 2000 rallied 1%.

Among the best ETFs, the Innovator IBD 50 ETF (FFTY) climbed 0.7%, while the Innovator IBD Breakout Opportunities ETF (BOUT) rose 1.1%.

The iShares Expanded Tech-Software Sector ETF (IGV) advanced 0.7% even as key holding Microsoft (MSFT) dipped from record highs. Palo Alto and CRWD stock are IGV components. The VanEck Vectors Semiconductor ETF (SMH) edged up 0.1% after jumping 2.9% Monday on big moves from Nvidia (NVDA), AMD (AMD) and ASML (ASML).

SPDR S&P Metals & Mining ETF (XME) gained 2% and Global X U.S. Infrastructure Development ETF (PAVE) 0.8%. U.S. Global Jets ETF (JETS) leapt 3.1%. SPDR S&P Homebuilders ETF (XHB) climbed 1.4%. The Energy Select SPDR ETF (XLE) rallied 1.7% and the Financial Select SPDR ETF (XLF) rose 0.6%

Reflecting more-speculative story stocks, ARK Innovation ETF (ARKK) closed up 1.3% and ARK Genomics ETF (ARKG) 1.5%. ARKK is closing in on its 50-day and 200-day lines, but ARKG still is some distance from those key levels.

Five Best Chinese Stocks To Watch

Shopify Stock

SHOP stock climbed 3.85% to 1538.51, rebounding from its 50-day and 21-day lines and reclaiming a prior 1,499.85 buy point. Shares also broke a short downtrend. Shopify reached a TikTok deal, as “social commerce” continues to boom.

SHOP stock hit record highs in late June, then moved sideways in choppy fashion for several weeks, flashing various buy signals that quickly fizzled. It drifted below its buy point and 50-day line last week.

Shopify stock is on track to have a flat base with a 1,650.10 buy point after this week.

Palo Alto Stock

Palo Alto earnings and guidance were much better than expected Monday night, fueling strong share gains Tuesday. PANW stock gapped up 19% to 441.87 in massive volume, blasting past a consolidation going back six months.

Palo Alto stock is still within range of its 5-minute high after Tuesday’s open, so it’s buyable. However, earnings gap-ups haven’t worked especially well in the choppy market rally. Investors may want to see if PANW stock pulls back or consolidates for a time, then buy on a new bullish signal.

CRWD Stock

CrowdStrike stock jumped 8.1% to 265.63, gapping above its 50-day line and breaking a downtrend. CrowdStrike rallied on Palo Alto earnings but primarily on being added to the Nasdaq 100 index before Thursday’s open.

CRWD stock cleared a record high on June 22. Then, much like Shopify stock, it was up and down for several weeks. After hitting a record 272.63 on July 23, shares retreated, undercutting their 50-day line on Aug. 11 and then trending lower for several more sessions.

CRWD stock now has a short consolidation. If it can hold in its current range, it would have a short cup base after this week with a 272.73 buy point.

Keep in mind that CrowdStrike earnings are due on Aug. 31.

ABNB Stock

Airbnb stock leapt 10% to 161.42, vaulting from its 50-day line and breaking out of a bottoming base, a cup with handle with a 152.86 buy point. ABNB stock is now slightly extended from the buy zone, which runs to 160.50.

ABNB stock benefitted from renewed strength in highly valued growth names. But travel stocks generally, from Marriott (MAR) to Southwest Airlines (LUV), are rebounding in the past several days, as the delta variant wave of new Covid cases appears to be peaking.

Facebook Stock

Facebook stock edged up 0.6% to 365.51, continuing to rebound from Thursday’s intraday test of the 50-day and 10-week lines. At 2.8% above the 10-week line, FB stock is in range. Shares also have cleared a short downtrend. Investors also could use 366.95 as a short-term resistance level. At the end of this week, FB stock could have a flat base with a 377.65 buy point.

Mercado Libre Stock

MELI stock rose 2.5% to 1,855.29, breaking the downtrend of a handle, offering an early entry. Mercado Libre stock has an official cup-with-handle buy point of 1,899.43, according to MarketSmith.

Blowout Mercado Libre earnings spurred a 14% gain on Aug. 5, offering an initial aggressive entry. The handle began to form a few days later.

Roblox Stock

RBLX stock jumped 4.9% to 89.26, clearing short-term resistance and breaking the downtrend in a messy consolidation. Investors could use 87.62 as an early entry in a deep consolidation. The official buy point is all the way at 103.97. The video game software platform continues to have big daily and weekly swings following its IPO in March.

Market Rally Analysis

There’s nothing like a few positive sessions to transform the health of the stock market and individual portfolios. The stock market rally continued its rebound from Thursday intraday lows, when the Dow and S&P 500 rebounded from the 50-day line and the Nasdaq began to reclaim that key level. The S&P 500 and Nasdaq are at record highs while the Dow Jones is close. The Russell 2000 is still below its 50-day line, but is testing that key level again.

Growth stocks are leading new buy signals, with Shopify, Airbnb and Facebook among those.

While growth stocks flashed buy signals, market leadership has been shoring up after weakening dramatically during last week. Shipping stocks are breaking out. Steel stocks rebounded solidly for a second straight session. Financials rose modestly again, many still in buy zones. Industrials are nudging higher again with housing stocks bouncing, with some reclaiming or nearing buy zones.

Market breadth is improving, albeit from 2021 lows.

Time The Market With IBD’s ETF Market Strategy

What To Do Now

The past few days have certainly offered new buying opportunities, especially for investors who took profits or cut losses in the prior two weeks. Hopefully, this latest upswing will continue for some time, letting recent buys work and creating other entries.

Keep updating your watchlists, and don’t just look at growth stocks. While software and especially security software names have surged higher in the past couple of days, don’t get too concentrated in a particular group or sector.

While investors can play meme stocks, such as AMC stock or GME stock, the risks are higher. Meanwhile, many leading stocks with booming growth have raced higher from proper entries. Even if unprofitable, like ABNB stock, traditional growth stocks offer at least a plausible story toward long-term guys.

Don’t buy extended. It can be hard to watch stocks blasting beyond a buy zone and keep running, but buying extended raises the risk of a pullback that shakes you out or sucks you into much-bigger losses.

That’s especially true in the choppy market rally over the past several months.

Because it’s been a choppy market rally, with significant and frequent sector rotation, don’t get locked into a bullish or bearish mindset. If the rally struggles again or rotates away from growth, be ready to act.

Read The Big Picture every day to stay in sync with the market direction and leading stocks and sectors.

Please follow Ed Carson on Twitter at @IBD_ECarson for stock market updates and more.

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US

Airbnb says it will host 20,000 Afghan refugees

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CEO Brian Chesky said Tuesday that the program would begin immediately, and that Airbnb would pay for the stays.

“The displacement and resettlement of Afghan refugees in the US and elsewhere is one of the biggest humanitarian crises of our time. We feel a responsibility to step up,” Chesky said in a series of posts on Twitter.

Chesky said the company would work closely with NGOs and its nonprofit arm, Airbnb.org, which provides housing to people in need following natural disasters and other crises.

Chesky did not say how long refugees would be housed, or how long the company would fund their stays. The company did not immediately respond to a request from CNN Business for further information.

Tens of thousands of people have been attempting to leave Afghanistan in recent days after the country’s capital, Kabul, fell to the Taliban. Many Afghans have come to the airport in Kabul in hopes of departing on evacuation flights operated by the United States and other governments.

Decades of conflict in Afghanistan has already produced an acute refugee crisis. There are almost 2.5 million registered refugees from Afghanistan, according to the United Nations High Commissioner for Refugees, comprising the largest protracted refugee population in Asia.

NGOs, religious groups and local governments in the United States, the United Kingdom and other countries have pledged to help Afghan refugees. Chesky called on the business community to follow suit.

“I hope this inspires other business leaders to do the same. There’s no time to waste,” Chesky said on Tuesday.



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Business

Where to rent treehouses in U.S., Japan, Australia and Costa Rica

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Travelers looking for a vacation in the great outdoors are turning to a nostalgic source of comfort and solitude: treehouses.

But these aren’t the treehouses of their childhood. Like the travelers who are booking them, the treehouses have matured too.

Modern treehouses are more luxury homes than kid hangouts — with a price to match. Treehouses constructed by professionals can easily cost six figures to build.

“A fully appointed treehouse with kitchen, bathroom, heat and air conditioning … we’re building those around $200,000,” Pete Nelson, the star of Animal Planet’s TV show “Treehouse Masters,” told CNBC in 2014.

Treehouses that are built for people to live in now average around $240,000, according to HomeAdvisor, a website that connects homeowners with home services.

Since then, prices have risen along with demand, a situation further propelled by the global pandemic and a desire for offbeat, outdoor accommodations.

Grand entrances

Aside from a worn-out patch of grass in the backyard, old-school treehouses didn’t typically incorporate much of an entrance. Modern ones do, some with gated walkways, stone staircases and ramps built for wheelchairs and pets.

The Chez’ Tree Rest treehouse is near New York’s Finger Lakes’ region.

Anthony Costello | Bluenose Studios

One such treehouse is the Chez’ Tree Rest Treehouse in upstate New York, which is accessible via a 60-foot footbridge that begins at a heart-shaped gate. Another 30-foot-long cable bridge connects the treehouse to a separate relaxation deck.

Owner Tom Wallace discusses the treehouse’s construction in a video tour of the treehouse where he also provides tips for a comfortable stay.

Rates start at $285 per night.

New heights

Treehouses for children should be between six and 12-feet tall with railings that are at least 36 inches high, according to Tree Top Builders, a custom builder based in Exton, Pennsylvania. Those heights also assume a mulch or wood chips are placed below the treehouse to soften a potential fall.  

Treehouses built for big people aren’t constrained by these standards, as evidenced by the three-story Punta Jaguar jungle treehouse in Matapalo, Costa Rica.

The Punta Jaguar treehouse has three open-design elevated levels, plus a ground-level bungalow.

Courtesy of Punta Jaguar

What the house lacks in walls, it makes up in style. Sinks and water faucets are made of seashells, and a separate ground-level bungalow comes with colorful swivel windows and electric drawbridge-style dropdown decks. It has a caretaker and private path to the beach, according to the website. Guests are encouraged to be 7 years old and above.

Rates start at $255 per night.

Guests at Peru’s Inkaterra Reserva Amazonica treehouse sleep 70 feet above the rainforest floor.

Courtesy of Inkaterra Hotels

Thrill-seekers can sleep in the Amazon rainforest at Peru’s Inkaterra Reserva Amazonica ecolodge. The lodge’s sole treehouse is located more than 70 feet above the rainforest floor at the end of a series of seven suspended bridges.

Programs start from $492 for a two-night stay, plus an additional $660 to sleep in the treehouse.

Fabulous views

Childhood treehouses may have granted views of neighbors’ backyards, but nothing as spectacular as Australia’s Blue Mountains.

In a twist on childhood clubhouse rules, this treehouse in Australia’s Blue Mountains can accommodate two adults, but no kids or pets.

Jochen Spenser

A tongue-in-cheek sign on the Secret Treehouse’s door may say that no grown-ups are allowed, but in reality, it’s the kids who can’t come along. This treehouse is built on tall stilts at a high elevation and has a combination bridge and ladder entrance.

Rates start at 1,095 Australian dollars ($804) for a one-night stay.

Sophisticated decor

Sports pennants and sticker-adorned walls have been sidelined for plush interiors that resemble modern homes.

The Aerohouse at the Treeful Treehouse Sustainable Resort in Okinawa, Japan.

Courtesy of the Treeful Treehouse Sustainable Resort

This is evident at the Treeful Treehouse Sustainable Resort in Okinawa, Japan. All bookings include two treehouses: the earthy Spiral Treehouse which comes with hammocks and yoga mats, and the luxurious Aerohouse, which has the look and feel of a five-star hotel suite. Its muted, sophisticated décor comes with creature comforts such as an espresso machine and wine cellar, according to the website.

The treehouse resort has been open for less than a month. Guests can currently book two-night stays — no more, no less — and all travelers must be 10 years old and above.

The interior of Okinawa’s Aerohouse.

Courtesy of Treeful Treehouse Sustainable Resort

Rates are 100,000 Japanese yen ($905) per night for up to three people; a fourth person is an extra $225 per night. Bookings are currently 33% off the regular rates. 

Kitted out kitchens

While cooking and treehouses once rarely meshed, treehouses now come with full kitchens outfitted with Nespresso coffee machines and kitchen islands.

The contemporary kitchen in Trinity Treehouse, outside of Atlanta, has a wine rack and bar area.

Courtesy of Dickersonarts.com

The two-bedroom Trinity Treehouse near Atlanta has a kitchen that travelers may envy for their homes, let alone their yards. Three sizable windows enlarge the space, which includes an L-shaped countertop, wine rack and breakfast counter for coffee or quick meals. A decorative backsplash sits above the kitchen cabinets, which were made in the host’s woodworking shop, according to the website listing.

Trinity Treehouse is next to the hiking and bike trails of Georgia’s 2,500-acre Davidson-Arabia Mountain Nature Preserve. 

Rates start at $289 per night.

Features to stoke the imagination

Luxury treehouses needn’t be too serious — that’s what log cabins are for. What distinguishes a treehouse from an elevated house in the woods can be the latter’s dedication to whimsy and childlike fun.

To enter one tropical treehouse on Hawaii’s Big Island, guests climb a ladder to a trapdoor that opens to the second story. Bags and suitcases take a different route; they’re hoisted up via a pulley system.

Though it doesn’t allow kids, the Wanderlust Treehouse incorporates imaginative features into its design.

Levi Kelly

The Wanderlust Treehouse in Crane Hill, Alabama, doesn’t allow kids, but that didn’t stop its owner from installing a playground-style suspension bridge to connect two parts of the house. The treehouse, which has received perfect scores in all of its 85 Airbnb reviews, has outdoor side-by-side showers, a swinging bed and a fire pit.

Rates start at $350 per night.

Want to build your own modern treehouse?

Item Cost
Vacation rental treehouse From $30,000
Bathroom $4,500
Zipline $2,200
Spiral staircase $5,900
Suspended bridge $2,900
Trapdoor $500
Classic slide $1,200
Fireman’s pole $575
Source: Treehouse Experts

Gourmet food

Guest who stay at the Loire Valley Lodges have daily breakfast baskets delivered to their doors. They also have access to an onsite restaurant and room service.

Loire Valley Lodges leans heavily upon local produce and grows herbs and fruit on-site, according to its website.

Courtesy of Loire Valley Lodges

The French treehouse hotel opened in July 2020, with the interiors of each of its 18 structures designed by a different contemporary artist.

Rates start at 395 euros ($428) per night.

*Rates are accurate as of publication date.

 

 

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Technology

Airbnb Automatically Blocked 50,000 Suspicious Bookings Last Year

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Photo: Carl Court / Staff (Getty Images)

Airbnb is still firmly insisting that you stop partying in its rentals, punctuating that request with swift action as it continues to cancel what it deems to be “suspicious” bookings across the U.S.

On Monday, Airbnb’s head of trust and safety communication, Ben Breit, told The Verge that the vacation and homestay marketplace has blocked over 50,000 sketchy bookings in at least 15 U.S. cities in the past year as part of a pandemic-initiated crackdown on parties in its properties. Of those cancellations, Breit said that 7,000 had occurred in Dallas, 6,000 in San Diego, 5,100 in Charlotte, 3,500 in St. Louis, 3,000 in Columbus, and 2,700 in New Orleans.

In an interview with The Denver Post — which reported thousands of additional automated cancellations in cities such as Phoenix, Las Vegas, Dallas, Seattle and Portland — Breit zeroed in on the customers the company is targeting and did not mince words: it’s young people who seem like they party a lot and might, hypothetically, trash an Airbnb.

“If you are under the age of 25 and you don’t have a history of positive reviews, we will not allow you to book an entire home listing local to where you live,” Breit said.

Since July of last year, Airbnb has been engaged in a reinvigorated initiative to clamp down on illicit gatherings in the rental units it sponsors. After initially instituting policies banning designated “party houses” outright in 2019, the company tightened those restrictions in 2020 with its “Summer of Safe Travel” initiative, when it banned parties in its rental outright amid a global pandemic that necessitated social distancing and distinctly un-party vibes. “Instituting a global ban on parties and events is in the best interest of public health,” the company said at the time.

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So far, Airbnb says, that policy has been a success: The company reported that major party-centric holidays like Halloween and New Year’s Eve have been particularly “quiet” in the last year as a result of the rule change. Even as the CDC and other agencies ease restrictions mandating social distancing and other health precautions as the pandemic wanes, all indicators point to Airbnb continuing to enforce its auto-blocking policies for would-be partiers into the future.

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