Amazon's Grocery Gamble, All Eyes on Netflix Earnings
Amazon opens its first fully automated grocery store in Seattle on Monday. In this cashier-less model, the consumer picks items and leaves the store without ever having to pull out their wallet. Amazon's technology senses what items were purchased, and then charges the customer's account. Amazon's new grocery store is called Amazon Go.
Netflix gets ready to report Q4 earnings after a very successful 2017. Beyond looking at the company's revenue growth, investors will be watching for subscriber growth, particularly at the international level. Last year, Netflix shares grew by 65%.
And Twitter COO Anthony Noto is reportedly considering a new job. Reports swirled over the weekend that Noto may leave the social media company for SoFi, the personal finance company. Noto is considered one of the most important executives at Twitter.
Tyson Foods suffered a surprise loss in the second quarter, something not since 2009, and cut its sales forecast due to the cost of plant closures and layoffs.
Cheddar News checks in on what to look for on The Day Ahead as President Joe Biden meets with House Speaker Kevin McCarthy to look to resolve the debt ceiling debate. Earnings are also slated to be reported from companies including Airbnb, AMC Networks, Electronic Arts and Nintendo.
A study on the U.S. banking system found nearly 190 banks are at risk of failure. Preston D. Cherry, founder and president of Concurrent Financial Planning, joined Cheddar News to explain the process if you have a mortgage with a bank that collapses.
Americans have bet over $220 billion on sports with legal gambling outlets in the five years since the U.S. Supreme Court cleared the way for all 50 states to offer it.
Melissa Brown, managing director of applied research with Qontigo, joined Cheddar News to discuss a new start to the trading week as the market edged lower in a mixed-performance day. Investors also await the meeting between President Joe Biden and House Speaker Kevin McCarthy to look to resolve its debt ceiling debate.
Bobbi Rebell, chief financial officer of Financial Wellness Strategies and author of Launching Financial Grownups: Live Your Richest Life by Helping Your (Almost) Adult Kids Become Everyday Money Smart, gives the top four reasons people struggle financially.
