With the hotel industry seeing competition from home rental companies such as Airbnb and Home Away, brands must find a way to innovate in order to stay relevant. Marriott has unveiled its plan to do exactly that with the grand opening of the company’s M Beta at Charlotte Marriott City Center. What’s so special about another hotel? And how can it change the hotel industry?
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OIL RIG COUNT CLIMBS FOR 7TH STRAIGHT WEEK AS CRUDE OIL RISES FOR 4TH STRAIGHT WEEK
The US oil rig count rose by 4 to 432 this week, according to oilfield-services giant Baker Hughes. Notably, oil prices have ticked up slightly over the last couple of weeks to around $50 a barrel..
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CONSUMER SENTIMENT UNEXPECTEDLY DROPS TO 13 MONTH LOW
Consumer confidence unexpectedly fell to a one-year low in October as Americans soured on the outlook for the economy amid a contentious presidential election campaign. The University of Michigan preliminary index of sentiment declined to 87.9 from 91.2 in September, according to a report Friday. That was weaker than the lowest estimate in a Bloomberg survey of economists. Long-term inflation expectations declined to a record low….
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-Friday, October 14th
Stocks Inch Higher Yellen Comments, Bank Earnings
Big Insider Trades
– Acacia Communications, Inc. (ACIA) CEO Murugesan Shanmugaraj Sell $10.4m
– Alnylam Pharmaceuticals, Inc. (ALNY) Director David Pyott Buys $1m