The rich are getting richer — and they’re fueling a private jet boom

Private jet demand is booming — to the extent that companies can’t produce them quickly enough and buyers are facing extended wait periods for deliveries. Even secondhand business jets are vanishing from the market.      “If you look at today compared to 2019, the market has almost exploded,” John Schmidt, global aerospace and defense industry lead at consultancy Accenture, told CNBC at the Dubai Air Show.   The pandemic has converted a lot of travelers to private flying, many for the first time. But analysts say the trend is primarily attributable…

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Stocks making the biggest moves premarket: Disney, Airbnb, 23andMe, DoorDash and others

Check out the companies making headlines before the bell: Walt Disney (DIS) – Walt Disney reported adjusted quarterly earnings of 80 cents per share, well above the 55-cent consensus estimate, with revenue beating forecasts as well. Disney’s performance was boosted by a rebound in U.S. theme park attendance as well as stronger-than-expected growth for its Disney+ streaming service. The company did, however, warn of uncertainty surrounding the impact of the delta coronavirus variant. Disney shares rallied 5.5% in the premarket. Airbnb (ABNB) – Airbnb lost 11 cents per share for…

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