Zions Bancorp Tops Estimates, Airbnb Higher, Adidas Rises on Retro Demand
On this episode of Stock Movers:
- Zions Bancorp (ZION) rose after saying that its profit topped estimates despite a $50 million loss from an alleged fraud. This helped to reassure investors who had feared the credit markets might be harboring some deeper pain.
- Airbnb (ABNB) Chief Executive Officer Brian Chesky said he didn’t integrate his company’s online travel app with OpenAI’s ChatGPT because the startup’s connective tools aren’t “quite ready” yet. The stock was up around 1.3% midday.
- Adidas (ADDYY) climbed after lifting its earnings forecast for the year. This comes amid robust demand for retro sneakers like the Gazelle and efforts to mitigate the impact of US tariffs.
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