• Mercury General Posts $210.7 Net Loss in Second Quarter on Investment and Operating Losses

    15 days ago - By A.M. Best

    Mercury General Corp. recorded a $210.7 million net loss in the second quarter against a $109.2 million net income a year earlier, stung by investment and operating losses.
    Inflationary trends at ...
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  • Airbnb posts 2Q profit of $379 million on record bookings

    15 days ago - By Chron

    Airbnb said Tuesday that it earned $379 million in the second quarter on record bookings and rising rates, and the short-term rental giant announced a plan to spend up to $2 billion to buy its own stock.
    Despite the share-buyback promise, Airbnb's stock fell 9% in extended trading.
    The financial results showed a reversal from losses in the second quarter of both last year and 2019.
    Airbnb has benefitted from the increase in travel and the exodus of workers from offices, which frees them to work from just about anywhere they can get internet access.
    Bookings in the second quarter were about...
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