Retail sales were higher than expected in July.
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Avis Stock Surges as Company Looks to EV Market
Avis stock surged more than 200 percent on October 2 after the company reported better-than-expected earnings. The move comes as Avis also looks to get involved in the EV industry and Elon Musk clouded the issue over Tesla's contract with Hertz. Joel Hawthorne, head trader and CEO of the Morning Snapshot, gave Cheddar his insight into what's happening for the rental car company on Wall Street.
Salesforce Expects Holiday Shoppers to Pay 20 Percent More, Digital Sales to Boom
Rob Garf, VP of industry strategy and insights at Salesforce, joined Cheddar's "Opening Bell" to talk about the rising cost of goods this holiday season noting shoppers will be paying 20 percent more than the previous year. He explained that while consumers will be willing to spend more on gifts, they will likely purchase fewer items and visit fewer stores. Garf also said he expects the pandemic norm of online shopping to continue its growth during the holidays.
Cheddar Afternoon Google News Briefings of November 3rd
Cheddar Afternoon Google News Briefings
Afternoon Alexa Flash Briefings of November 3rd
Alexa Flash Briefings
Nike and Dick's Sporting Goods Team Up on Loyalty Program
Nike and Dick's Sporting Goods announced an integration of their loyalty programs that will allow customers to shop for exclusive Nike branded apparel on the Dick's Sporting Goods platform. Customers will also be able to make returns at its retail locations even if shoes were purchased directly from Nike.
Activision Blizzard Reports Solid Q3 Earnings but Grim Q4 Outlook Worries Investors
John Freeman, VP of equity research at CFRA Research, joined Cheddar to break down factors weighing on video game publisher Activision Blizzard as it deals with the fallout from delayed releases and sexual harassment scandals. While not great for business, Freeman also questioned if the issues of the toxic corporate culture could have had an impact on title delays as well.
Netflix Rolls Out Mobile Video Games Feature for Android Users
Android users can now play video games through their Netflix app. The streaming giant announced plans to adopt gaming on its platform back in July.
How Augmenting Human Experiences Impacts Businesses
Steven Salz, Co-Founder & CEO of Rivalry, joins Cheddar News to break down how the metaverse plays into Internet culture, how augmenting human experiences impacts businesses, and how 5G technology plays into making it all possible.
Bed Bath & Beyond, Kroger Announce E-Commerce Partnership
Bed Bath & Beyond and Kroger have announced a new e-commerce partnership as the grocer looks to expand home goods and baby product offerings. Bed Bath & Beyond is also expected to expand its online product stock.
