Tag Archives: demand

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

Tesla (TSLA) rental demand appears to be off to a brisk start for Hertz (HTZ). “Demand has been very, very solid,” Hertz CEO Stephen Scherr said in an exclusive Yahoo Finance Live interview Tuesday (video above). “We’re seeing demand not just among leisure travelers but also among corporate travelers, where in fact corporations want their employees in an electric vehicle to satisfy some of their own carbon footprint objectives.” Hertz inked a deal late in 2021 to purchase 100,000 Tesla Model… Source link

A ‘key trend’ in latest Arab Youth Survey is ‘decline in news consumption’ DUBAI: Dubai-based PR agency ASDA’A BCW has published the results of its 14th annual Arab Youth Survey, described as the largest independent survey of its kind. This year’s findings are grouped under six themes: identity, livelihood, politics, global citizenship, lifestyle and aspirations. Having grown up in the internet age, it is perhaps no surprise that Arab youths are avid users of social media… Source link

MOUNTAIN VIEW, Calif. (AP) — Hundreds of Google employees are petitioning the company to extend its abortion healthcare benefits to contract workers and to strengthen privacy protections for Google users searching for abortion information online. Google parent company Alphabet had pledged to pay travel and other health care costs for employees seeking an out-of-state abortion and to help some workers relocate after the U.S. Supreme Court repealed the constitutional… Source link

Hundreds of Google employees are petitioning the company to extend its abortion health care benefits to contract workers and to strengthen privacy protections for Google users searching for abortion information online. Google parent company Alphabet had pledged to pay travel and other health care costs for employees seeking an out-of-state abortion and to help some workers relocate after the U.S. Supreme Court repealed the constitutional right to an abortion. The June decision… Source link

Comment on this story Comment Happy Thursday! As always, send news tips and predictions for who won’t survive the “House of the Dragon” premiere to cristiano.lima@washpost.com. Below: The FTC threatens to sue an adtech firm, and Australia’s top court sides with Google in a defamation case. First: Workers demand Google expand abortion protections post-Roe Google staffers are calling on the tech giant to take greater steps to protect workers’ reproductive health, including by expanding… Source link

JetBlue CEO Robin Hayes sees no loss in altitude for consumer demand headed into the back half of the year, despite swirling recession fears and disappointing financial results from the airline. “Demand remains extremely strong,” Hayes said on Yahoo Finance Live Tuesday. “We continue to see extremely strong demand [into the fourth quarter.]” The bullish take from Hayes comes as JetBlue shares fell 6% on Tuesday’s session after higher costs for labor and fuel weighed on second quarter… Source link