Tag Archives: hasnt

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

Major corporations, including Facebook and Airbnb, are increasingly turning to racial equity audits, which empower an outside expert steeped in debates around technology and racial inequalities to investigate thorny issues including hate speech online, personnel hiring, and processes used to vet products for bias. Critics say these audits can spot and solve problems companies aren’t remedying themselves. Source link

Michael Jordan stopped scoring points in the NBA in April 2003, but Nike (NKE) is still slam dunking quarterly earnings in large part because of the staying power of the brand the NBA legend made famous.  On its fourth fiscal quarter earnings conference call, Nike executives casually mentioned Jordan brand sales rose an impressive 31% to $5 billion for the company’s just completed fiscal year. For a bit of perspective, the Jordan brand now makes up greater than 11% of Nike’s overall… Source link

(Bloomberg) — For a second week, the crypto market is being ruled by tweets from billionaire Elon Musk. The Tesla Inc. chief sent Bitcoin rallying back above $45,000 on Monday after clarifying that the company hasn’t sold any holdings of the digital token. It’s the latest post to whipsaw prices across the industry and fuel speculation over just why the electric-car pioneer is issuing crypto missives on a daily basis on Twitter. “He has to wake up to the reality that with his following,… Source link

No one has repped the Portland Trail Blazers like Damian Lillard. From the impressive collection of corporate partners, to the national TV spots, to repping the Trail Blazers like no other, to the arduous task of trying to recruit high-level talent to the Pacific Northwest and to displaying an unprecedented loyalty to a franchise that is failing to reciprocate that same level of commitment. Lillard is giving his all to be available and to keep faint championship aspirations alive in Portland,… Source link