Tag Archives: demand

MOUNTAIN VIEW — Dozens of Google workers from across the country rallied at Google headquarters Wednesday to demand higher wages and benefits from Google’s parent company Alphabet. With the backing of the Alphabet Workers Union, a group of Google contract workers known as “raters” made their voices heard on Google’s main campus calling for fair pay and benefits. “I support the largest revenue stream that Google has, and I don’t have healthcare from my employer, and I don’t have the… Source link

[unable to retrieve full-text content]Google ‘rater’ contract workers rally at Mountain View headquarters to demand higher pay  CBS San Francisco Source link

People hold signs at a protest in Times Square after footage showing Tyre Nichols’s fatal beating at the hands of Memphis, Tenn., police officers was released on Friday night. (Eduardo Munoz/Reuters) Protests unfolded across the U.S. on Friday night after body camera footage and surveillance video showing Memphis, Tenn., police officers brutally beating Tyre Nichols were released. Nichols’s family, the Memphis police chief and President Biden called on protesters to remain peaceful in… Source link

Tesla (TSLA) shares are climbing higher today despite a mixed slew of news out of one of its most important markets, China. Reports over the weekend detail a number of protests at Tesla showrooms, as recent Tesla buyers complained about the automaker’s decision to cut prices on Friday. The price cut was the second decrease in the past three months, as Tesla tries to boost demand in the competitive Chinese market. Reuters reports Tesla also cut prices in Australia, Japan, and South… Source link

One goal of the Federal Reserve’s efforts to rein in inflation is to get the housing market “back into balance between supply and demand,” according to Fed Chair Jay Powell. The problem? The central bank’s main inflation-fighting lever largely improves one side of the supply-and-demand equation, while potentially hurting the other. That means the short-term moves to get home price growth under control could exacerbate the years-long trend of too few homes for sale dating back even before… Source link

It will be another big quarter for Tesla (TSLA), and the markets overall, when the EV giant reports Q3 earnings after the bell on Wednesday. Wall Street is expecting Tesla to report: That revenue figure would represent more than a $5 billion jump from Q2, where Tesla experienced COVID-related and operations optimizing shutdowns in Shanghai. Year over year that estimated revenue figure would be a nearly 61% jump from Q3 of 2021. On the profitability end, Tesla is expected to report adjusted net… 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

(Reuters) -BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout. The threat of a recession, rapidly rising interest rates and the Ukraine crisis have slammed both bonds and stocks this year, keeping investors on the back foot in a blow to businesses such as BlackRock. The company’s assets under management (AUM) dropped 16% year-on-year to… Source link

Japanese-American spirits maker Beam Suntory hasn’t hidden its interest in buying tequila brands as alcohol drinkers continue to seek out premium spirits. “There’s absolutely no doubt that tequila is one of hottest categories at the moment,” Albert Baladi, CEO of Beam Suntory, told Yahoo Finance Live (video above). “It is attracting multicultural consumers, younger consumers. It is absolutely on fire. We see it everywhere.” Sales of tequila in 2021 reached nearly 27 million in the U.S…. Source link

Apple (AAPL) is pulling away from iPhone 14 production, retreating from plans to increase manufacturing by 6 million units, according to a report by Bloomberg. Apple hasn’t confirmed the report, but if true, this would put Apple’s iPhone production in line with last year, at about 90 million units. Still, a potential pullback is major news. The iPhone is Apple’s hero product, and its sales accounted for 52% of Apple’s 2021 revenue, so the stakes are high. However, the pullback likely… Source link