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Weekly Commentary: Overheated

Airbnb Misses Fourth Quarter Outlook, Citing Travel Volatility

(Bloomberg) Airbnb Inc. gave a disappointing outlook for the fourth quarter, citing “greater volatility” in the economic environment that it expects will slow demand for travel after a record summer season.Most Read from BloombergImmigrants Are Leaving Canada at Faster Pace, Study ShowsIntuit Is Closing Personal-Finance App Mint, Shifts Users to Credit KarmaWall Street Rally Keeps Going in Run-Up to Jobs: Markets WrapPowell Hints Fed Is Done With Hikes in Pivot Cheered by MarketsJamie Dimon W

Airbnb hosts feel the heat as cities from New York to Melbourne to Paris crack down on short-term rentals

What makes short-term rentals a target is their ability to capture excess rents from short-term visitors while locking up housing supply that could go towards residents.

Metaverse Results Keep Getting Worse At Meta

Reality Labs loss widening as company pours cash into development, marring an otherwise sparkling second quarter.

Apple enters the MR market by unveiling Vision Pro

During the annual WWDC, Apple unveiled the long-awaited MR headset Vision Pro, as well as the Mac series powered by Apple Silicon. The MR device marks a new venture for Apple s foray into a new sphere since the launch of the Apple Watch.