The Pre-Market Rundown: May 23, 2024
Wall Street is set to open mostly higher, boosted by NVIDIA, the AI chip giant reporting blowout earnings and announcing A10 for one stock split. The Justice Department reportedly plans to sue Live Nation for antitrust violations and we'll seek a breakup. The sue will allege Ticketmaster monopoly of the ticket industry hurts competition. Live Nation and Ticketmaster merged in 2010. The Justice Department has been investigating Live Nation since 2022 and the probe gaining traction following the meltdown of Ticketmaster site. To heavy demand for Taylor Swift tickets, JetBlue and British Airways are seeking a partnership to expand their networks. They're requesting approval for a code sharing agreement which would let the airline sell seats on each others flights. It includes 75 destinations in the US and 17 in Europe. JetBlue has been expanding service in Europe, adding flights to Paris, Amsterdam, Dublin and Edinburgh. And Airbnb host can now get discounts on an electric vehicle charger in a new partnership with Chargepoint. It's giving hosts 25% off any charger and another $100 off installation fees. The deal is only available when purchased through the Airbnb page on Chargepoints website. Airbnb is also giving another $200.00 off charging hardware for the first 1000 host who make a purchase for CNBC Business News, I'm Solvana Hana.