Tag Archives: Consumer

Russia won’t run on Dunkin’ — at least anymore. U.S. multinational coffeehouse Dunkin’ Donuts is the latest consumer favorite to part ways with its business ties to Russia, joining a growing-by-the-minute list of corporations shunning the country in response to President Vladimir Putin’s military invasion of Ukraine. “Dunkin’ has suspended all current development and investment in Russia,” a spokesperson told Yahoo Finance Friday, indicating the company has approximately 20… Source link

AMSTERDAM, Feb 15 (Reuters) – Apple (AAPL.O) and Google face a potential class action lawsuit in the Netherlands over app store charges, after a foundation headed by Dutch entrepreneur Alexander Klöpping began gathering claimants. The action, which still faces legal hurdles before any court hearing, reflects growing criticism over how much the two firms charge developers for payments on their app stores, while the Netherlands has become increasingly popular as a jurisdiction to pursue… Source link

In association with Yahoo. In the run-up to the festive season, ExchangeWire speaks to Yahoo’s Selma Ali (insights director) and Joe Connors (director, buyer development) to discuss the key trends for marketers in the coming weeks and how data can be leveraged by retailers in both online and offline contexts. What are the key shopping trends marketers and retailers should be aware of over this Christmas period and how will these differ compared to last year? We have just published our… Source link

A team of Google executives, many of whom worked with one another for years, left the company earlier this year to launch a startup. The fintech firm, Arbo Works, has raised a financing round led by Sequoia Capital India, the two said Thursday. Arbo Works, spearheaded by Caesar Sengupta, said on Thursday 120 angel investors, many from Google, participated in the seed financing round. “This group includes CEOs of Fortune 500 companies, founders of successful startups, senior executives… Source link

By Michael Erman and Manas Mishra (Reuters) – Johnson & Johnson plans to spin off its consumer health division that sells Listerine and Baby Powder to focus on pharmaceuticals and medical devices in the biggest shake-up in the U.S. company’s 135-year history. The move by the world’s largest health products company follows similar announcements by conglomerates Toshiba https://www.reuters.com/technology/toshiba-set-announce-split-into-three-firms-shareholder-reaction-focus-2021-11-12 General… Source link

(Bloomberg) — U.S. equities pared back a rebound Thursday after a selloff in the previous session due to fears high inflation could spur tighter monetary policy. Most Read from Bloomberg The S&P 500 gained less than 0.1% — led by gains in materials and technology — after falling 0.8% Wednesday in its worst slump in more than a month. Tesla Inc. fluctuated after filings showed Chief Executive Officer Elon Musk unloaded $5 billion of stock. Meanwhile, Walt Disney Co. slid and Beyond Meat Inc…. Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, September 17, 2021 The American consumer is saving the world, again For weeks, markets have been unsettled by relentless jitters about COVID-19 — and more recently, widening concerns about how a possible slowdown in China may drag on global growth. However, U.S. consumers are riding to the rescue — yet again — by spending with… Source link

The logo of Google is seen on a building at La Defense business and financial district in Courbevoie near Paris, France, September 1, 2020. REUTERS/Charles Platiau/File Photo SEOUL, Sept 15 (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Wednesday its presence in South Korea equates to nearly 12 trillion won ($10.16 billion) in economic benefits for its users, as the U.S. tech giant faces increased scrutiny from regulators and politicians. Google’s announcement came a day after South… Source link

Despite COVID-19 Delta variant fears beginning to weigh on consumer confidence and spending plans, the world’s largest retailer Walmart (WMT) says consumer behavior remains stable.  “We are not seeing a major shift in consumer behaviors at this point,” Walmart CFO Brett Biggs told Yahoo Finance when asked about current consumer trends. Biggs said the drivers of consumer spending in recent quarters — a high savings rate and rebounding jobs market — remain intact and are helping to fuel… Source link

By Evan Sully and Lindsay Dunsmuir (Reuters) -U.S. consumer sentiment dropped sharply in early August to its lowest level in a decade, in a worrying sign for the economy as Americans gave faltering outlooks on everything from personal finances to inflation and employment, a survey showed on Friday. The unexpected reading could give Federal Reserve policymakers pause if it translates in the months ahead to a dent in economic activity. The central bank has been getting closer to a decision on… Source link