Priceline Switches to Booking Holdings and Reports Strong Earnings
Priceline officially changed its name to "Booking Holdings" on Tuesday as it reported Q4 results. Overall, Booking Holdings reported a strong Q4. CEO Glenn Fogel joins Cheddar to break down the name change and earnings news.
Q4 revenue came in at $2.8 billion, ahead of estimates, and 19% higher than last year. After earnings were reported, shares rose about 6%.
Fogel says that travel is what drives the business and that is still strong. When asked about compeition, Fogel is confident in Booking Holdings position in the market. Fogel says the great thing about booking.com, is that it is instantly confirmable. Fogel also touts that there is no booking travel fee with their businesses.
The Treasury Secretary, who emphasized that the situation was much different from the financial crisis almost 15 years ago, said the government would help depositors who are concerned about their money.
Kathryn Minshew, the CEO and founder of career development platform The Muse, said that there are some things a candidate can do to make sure their resume makes it through the system.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
