Tag Archives: CEO

Semiconductor stocks have had a rough few months, and Deutsche Bank recently released a report projecting that this earning season could reveal more signs of weakness. Qualcomm (QCOM) CEO Cristiano Amon continues to project optimism about where demand for chips is headed — at least, long-term. He contends that the chip shortage that began at the onset of COVID-19 forced people beyond the industry to understand the importance of semiconductors. Qualcomm’s chips are in products as varied as… Source link

Many health-care companies talk about addressing high costs and health equity, but too many fall flat in reaping impact, says one health-care CEO. “We have to clean up our act. None of us is blame-free in this environment of ever-increasing health care costs,” SCAN Group & Health Plan CEO Dr. Sachin Jain told Yahoo Finance at the 2022 All Markets Summit. As an example of increasing costs, Jain pointed to Pfizer (PFE) CEO Albert Bourla’s comments to Yahoo Finance about raising prices for… Source link

Paramount (PARA) CEO Bob Bakish is all in on advertising despite overall Wall Street skepticism. At Yahoo Finance’s All Markets Summit shrugged off concerns about a global slowdown in ad spending amid macroeconomic headwinds. “The two concerns in the Street right now are advertising and streaming profitability,” Bakish said (full interview above). “Advertising is a great business. And we have a fundamentally strong position in it. Our combination of linear reach, particularly with a broadcast… Source link

A recent Microsoft (MSFT) survey found that employers and workers still disagree over whether remote work boosts or kills productivity. In a new interview with Yahoo Finance, Microsoft CEO Satya Nadella said companies should consult the data to determine workers’ performance — rather than assume they’re getting more work done in the office. The company’s recent Work Trends Study, which surveyed 20,000 people across 11 countries, found 87% of employees say they’re more productive… Source link

Despite hiccups with supply shortages and COVID-related shutdowns, General Motors (GM) CEO Mary Barra is bullish on the China marketplace. “We still think there’s tremendous opportunity there,” Barra said at Yahoo Finance’s All Markets Summit in an interview with Editor-in-Chief Andy Serwer. GM reported a bounceback in China sales for Q3 of this year, where it sold 629,900 vehicles, up about 1% from a year ago. While that doesn’t sound like much, sales dropped a whopping 35% in Q2 due… Source link

This week, Major League Baseball (MLB) became the first of the four major U.S. sports leagues to sign a CBD sponsor. The league is teaming up with Colorado CBD company Charlotte’s Web for a multi-year deal that includes a line of MLB-branded products. According to MLB, the deal will provide “increased CBD visibility to their professional athletes, millions of fans and communities.” Charlotte’s Web CEO Jacques Tortoroli joined finance to discuss the partnership, misconception about… Source link

In response to the invasion of Ukraine in February, major food and beverage companies such as Heineken and Starbucks (SBUX) have cut all ties with Russia. But at least one major snack company continues to do business in the country. On a recent episode of “Influencers with Andy Serwer,” Mondelez International CEO Dirk Van de Put said that the company retains 3,000 employees in Russia and works with 30,000 suppliers there. “We found that it would be a bit of a harsh decision to leave all… Source link

Delta Air Lines reported record revenue in the third quarter, and CEO Ed Bastian attributed the “tremendous demand” to business performance to a shift of consumer dollars from goods to services. “Consumers are prioritizing investing in themselves, experiences and services, rather than buying things” Bastian told Yahoo Finance. Comparing the Q3 report to consensus estimates compiled by Bloomberg: Adjusted net income: $966 billion (including a $35 million impact from Hurricane Ian) vs $994… Source link

Premium-priced Corona and Modelo beers are darn near recession resistant, contends Constellation Brands CEO Bill Newlands. “Consumer demand has been very strong,” Newlands said on Yahoo Finance Live. “We have the benefit in this industry in this category of being somewhat recession resistant And we have seen no slowdown at a consumer level of purchasing against our brands.” To Newlands’ point, Constellation’s beer business — led by brands Corona, Modelo and Pacifico — outshined its wine… Source link

Despite the current inflationary environment, pet care hasn’t seemed to blink an eye. According to PetSmart CEO J.K. Symancyk, the industry is seeing some of its strongest growth in years. “I would call it a resilient industry,” Symancyk said on Yahoo Finance Live (video above). “I think we continue to see people make choices to put their pets ahead of themselves and find ways to involve their pets in more of their lives. And that has continued to drive growth for the last 15+ years. I believe… Source link