Tag Archives: Crunch

[unable to retrieve full-text content]Daily Crunch: Google announces global rollout for AI-driven ‘multisearch’ on mobile devices  TechCrunch Source link

(Reuters) – Airlines canceled nearly 700 flights in the United States early Monday, as they struggled to keep up with a surge in summer travel demand due to a shortage of staff ranging from pilots to crew members. Total flight cancellations within, into, or out of the United States as of 6.07 am ET were 669, as per flight-tracking website Flightaware.com. Nearly 860 flights were canceled on Sunday. Delta Air Lines, United Airlines Holdings Inc and Republic Airlines Inc had over 100… Source link

When Commerce Secretary Gina Raimondo appeared on Yahoo Finance in January, she said movement was afoot on one of her signature issues: a bill to spend over $50 billion on semiconductor manufacturing. “There is urgency,” she said at the time, adding that “the fundamentals of this bill have broad bipartisan support.” But over 3 months later — and without much progress on the issue from Capitol Hill — her patience was running thin in a follow-up appearance. “I think they’re moving… Source link

You no longer need to try to mash potato chips on top of your burger. Kraft Heinz (KHC) is out with Heinz Dip & Crunch. The company announced the two-in-one dipping package on Tuesday. It’s got a new Heinz sauce on one side and “salty potato crunchers” on the other side. The product was tested earlier this year at select Jack in the Box restaurants on the West Coast. Now, the product is set to roll out at major retailers, including Walmart (WMT) and Target (TGT), as well as at regional… Source link

Ford (F) is taking an unusual approach to battle the ongoing semiconductor crunch afflicting global automakers — doing without them, for the time being. “We are working as hard as we can and offering ways for our customers to get their vehicles sooner during the global semiconductor shortage … Beginning soon, we will offer customers a way to get their Explorer more quickly, too, thanks to a specification change that will keep rear seat heating/air conditioning auxiliary controls up… Source link

Ford (F) reported disappointing 4Q 2021 earnings today after the closing bell. The legacy automaker missed consensus estimates amid the global semiconductor shortage and the toll it has taken on its production of vehicles across product lines. Here were the main metrics from Ford’s report, compared to Bloomberg consensus estimates: Revenue: $37.7 billion vs. $34.79 billion expected, $36.0 billion Y/Y Adjusted EPS: $0.26 vs. $0.45 expected, $0.34 Y/Y Ford’s stock is down from a mid-January peak… Source link

Restaurant operators and workers across the U.S. are struggling to rebound from the pandemic, and are battered by a lack of staff, skyrocketing prices and supply shortages. Paula Tejeda is one of them.  Even after mass vaccinations, customer traffic is “still very shaky,” Tejeda, the owner and founder of Chile Lindo, a deli and coffee shop in San Francisco, said in an interview with Yahoo Finance. “The hospitality business, which is restaurants, small coffee shops and bars, are not back…. Source link

Oatly (OTLY) shares are tanking after the oat-milk producer missed revenue expectations for its latest quarter and slashed its sales guidance.  The results were “disappointing, but also transitory,” Cowen senior analyst Brian Holland told Yahoo Finance Live.  Revenue came in at $171.1 million in the third quarter, missing consensus expectations of $185.7 million, based on Bloomberg data. The company forecasts sales will come in at more than $635 million for the year, a downward revision from… Source link

Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, U.S. June 3, 2019. REUTERS/Mason Trinca Apple (AAPL) will report Q4 earnings after the closing bell on Thursday, and analysts will pay close attention to demand for the new iPhone 13 lineup and the company’s ability to withstand the ongoing chip shortage. Here’s what Wall Street is expecting from the quarter, as compiled by Bloomberg, compared with how Apple performed in the same quarter… Source link

A global energy crunch, fueled by tightening coal and gas supply, has already roiled the market and threatened to squeeze customers this winter, as utility bills rise. That may just be the beginning, according to Duke Energy (DUK) CEO Lynn Good, who heads one of the country’s largest energy holding companies. In an interview at Yahoo Finance’s All Markets Summit, Good said she expects the supply and demand imbalance in the energy markets to continue well into 2022, with full rebalancing… Source link