Tag Archives: consumers

After weeks of silence, Adidas (ADDYY) has officially cut ties with rapper Kanye “Ye” West following his antisemitic remarks— but is it too little, too late? Adidas “has really broken trust with their customers,” Angeli Gianchandani, practitioner in residence at the University of New Haven, told Yahoo Finance Live (video above), stressing that the German brand will now have to repair its reputation. “Being able to communicate immediately and getting in front of the crisis is important,” she… Source link

Consumers could be paying at least 20% more on their heating bills this winter. Tight oil refining capacity and low stockpiles are expected to keep prices elevated during the colder months. “Our heating, oil inventories are very low. I mean the lowest, I think, that they’ve ever been. Does it mean that we’re going to have run out of inventories? No, it means that we’re going to have the potential for spikes, particularly in a cold winter,” CIBC Private Wealth Senior Energy Trader Rebecca… Source link

Google says the Indian competition regulator’s order is a “major setback for Indian consumers and businesses” and it is reviewing the decision to evaluate “next steps.” The Competition Commission of India fined Google $161.9 million on Thursday for anti-competitive practices related to Android mobile devices and ordered a number of redressal measures that could force Google to make fundamental changes to its business strategies. A Google spokesperson told… Source link

Solar energy company SunPower built its reputation on creating a reliable infrastructure to power up homes through clean energy. Now, it’s betting that electric vehicles will play a critical role in building that green system for consumers. Speaking to Yahoo Finance Live (video above), CEO Peter Faricy pointed to bidirectional charging, EV charging that allows electricity to flow both ways, as key to accelerating the move towards electrification. “This is really going to change the world… Source link

Solar energy company SunPower built its reputation on creating a reliable infrastructure to power up homes through clean energy. Now, it’s betting that electric vehicles will play a critical role in building that green system for consumers. Speaking to Yahoo Finance Live (video above), CEO Peter Faricy pointed to bidirectional charging, EV charging that allows electricity to flow both ways, as key to accelerating the move towards electrification. “This is really going to change the world… Source link

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Rising interest rates, inflation, and currency fluctuations have slammed tech stocks this year. And while Apple (AAPL) is certainly feeling the pain — shares are off 20% year to date — it’s fared better than its peers, which are down as much as 30%, and in Meta’s (META) case, 60%. But according to BofA Global Research’s Wamsi Mohan, things could get uglier for Apple in the coming months as consumers pull back on spending on pricey gadgets. “The argument is being made that the… Source link

Register now for FREE unlimited access to Reuters.com Register BRUSSELS, Sept 26 (Reuters) – Alphabet (GOOGL.O) unit Google on Monday rebuffed a push by European telecoms operators to get Big Tech to help fund network costs, saying it was a 10-year-old idea that was bad for consumers and that the company was already investing millions in internet infrastructure. The comments by Matt Brittin, president of EMEA business & operations at Google, come as the European Commission said it would seek… Source link

The updates should also be welcome for users: On the whole, website ads are more annoying to US internet users than ads on social media or TV/streaming. The problem is more pronounced on mobile: 42% of worldwide mobile users say there’s too much advertising and it can be obtrusive, including 36% of US users. The big takeaway: Just as a grocery wouldn’t reward a supplier who keeps supplying expired products, so too Google is taking steps to disincentivize website owners that supply the… Source link

Walmart’s business looks to have stabilized after surging inflation for food and gas weighed on the company’s guidance a few weeks ago. The world’s largest retailer revised its full year guidance for profits to drop 9% to 11% from a prior range for a 11% to 13% decline. Walmart stock popped 4% in pre-market trading Tuesday following a 15 cents a share beat versus Wall Street profit estimates. Sales came in better than expected as well. Yahoo Finance caught up with Walmart’s well-regarded CFO Source link