Marriott International Inc raised its full-year profit forecast on Tuesday, as the U.S. hotel operator bets on higher room rates and resilient travel demand to boost its earnings. Hotel operators have begun to reap benefits from a strong rebound in international travel as the easing of pandemic-related restrictions and a strong U.S. dollar have emboldened consumers to travel overseas.
Shares of debt-ridden Tupperware (NYSE:TUP) Brands Corp and Yellow Corp have been on a tear as retail traders dip back into financially weak "meme stocks". U.S. trucking company Yellow's shares jumped over 67% on Tuesday, after more than doubling in the previous session as the Teamsters Union said the firm had ceased operations and was filing for bankruptcy.
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