Tag Archives: spending

Target CEO Brian Cornell says the retailer’s data predicts shoppers will spend solidly during the all-important holiday season despite “unusual” economic times in the U.S. “We continue to see a healthy guest shopping in our stores and shopping online,” Cornell said at the Yahoo Finance All Markets Summit on Monday. “We’ll see how they react throughout the holiday season, but when we talk to them they continue to say they want to celebrate the holidays.” Shares of the discount retailer rose 3%… Source link

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

NEW YORK, Sept. 27, 2022 /PRNewswire/ — The Metaverse in Entertainment Market size is expected to grow by USD 28.92 billion during 2021- 2026, at a CAGR of 8.55% during the forecast period, according to Technavio. The market is concentrated, and the degree of concentration will accelerate during the forecast period. Aomen City, Epic Games Inc., Hungama Digital Media Entertainment Pvt. Ltd., Meta Platforms Inc., Niantic Inc., OverActive Media Corp., Qualcomm Inc., Queppelin, Roblox Corp,

Dissatisfied Google employees have put top executives on the hot seat a few times this year.  Most recently, they interrogated CEO Sundar Pichai at an all-hands meeting this week about the company’s spending cuts amid a challenging economic climate, CNBC first reported.  At the meeting, employees submitted questions via an internal Google tool, and fellow workers then up-voted popular questions for executives to answer. When asked about why the company is limiting certain… Source link

A man holding a phone walks past a sign of Chinese company ByteDance’s app TikTok, known locally as Douyin, at the International Artificial Products Expo in Hangzhou, Zhejiang province, China October 18, 2019. Reuters The explosion of TikTok’s popularity has pushed the app into the biggest technology companies’ focus. While geopolitical issues remain heightened over data-privacy and security, technology firms can’t ignore the platform’s influence on audiences. Google, Apple and Microsoft all… Source link

A Mustang stampede and a presidential visit are on offer at this year’s Detroit Auto Show. The show, also known as the North American International Auto Show (NAIAS), usually takes place in January from the Huntington Place convention center next to the usually frozen Detroit River. But due to COVID-19 and other changes, the show was cancelled last year and moved to September. Though many automakers have been pulling away from traditional auto shows, some of the bigger automakers are still… Source link

The biggest U.S. companies keep stepping up their spending on capital projects, an encouraging signal to investors in an uncertain economic climate. Companies from Google parent Alphabet Inc. to General Motors Co. to PepsiCo Inc. are among those that have increased spending on big-ticket items, such as real estate, equipment or technology, to fuel growth. The investments are generally intended to expand the companies’ fast-growing operations or even optimize their inventory in the midst of… Source link

(Bloomberg) — Taiwan Semiconductor Manufacturing Co. raised its 2022 revenue forecast while warning it will trim spending on expansion by as much as 9% from initial projections, reflecting uncertainty about electronics demand in the face of a potential global recession. Most Read from Bloomberg Chief Executive Officer C. C. Wei warned on Thursday it was too early to go into specifics about spending plans or the outlook for semiconductor demand in 2023 should customers delay purchases. But… Source link

During the pandemic, Aaron Mulherin would travel as far as 150 miles from his home in Marion, Iowa, to do jobs for his glass installation company. But with a gallon of gas in Iowa now going for $4.73, compared to $2.88 a year ago, he has had to shrink that radius to around 60 miles. “We have been trying to be careful with a lot of things,” Mulherin, owner of AM Glass Repair, tells Fortune. High gas prices are far from the only pain point Mulherin’s small business is feeling amid… Source link

The rise in leisure and travel stocks highlights a shift in consumer spending from goods to services as the pandemic winds down. “We see signs of goods demand cooling, particularly in big ticket items, while services benefit from strong pent-up demand,” Savita Subramanian wrote in a recent BofA Global Research note. Case in point, airlines such as United (UAL) and American (AAL) predict reaching profitability amid strong demand. Luxury hotel operator Marriott International (MAR) has been… Source link