Facebook announced its quarterly earnings, beating Wall Street's expectations. The company reported that users are spending about 50 million fewer hours on the platform. CEO Mark Zuckerberg said this figure aligns with the company's efforts to cut back on featuring viral videos prominently.
Americans are planning to shower their pets with lots of love this Valentine's Day...over $750 million worth of love. That's how much the National Retail Foundation estimates pet owners will spend on their four-legged friends this upcoming holiday. The group attributes the spike to millennials making up the largest pet-owning group and doting on their animals.
Travis Stork of TV's "The Doctors" stops by to reveal how to eat healthier without breaking the bank. He details the benefits of gut health and which foods are the best at getting probiotics into your system. He also gives his take on President Donald Trump's health based on what we know about his dietary habits.
It's the start of healthy heart month and Family Circle has tips on how to use tech to promote cardiovascular wellness. Health Director Lynya Floyd reveals the best meal-kit services, wearable devices, apps, and genetic testing services for preventing heart disease. She also explains how staying active on social media can help.
trivago reported its last earnings of 2021 yesterday, marking the end of a rollercoaster year. The online hotel search site was forced to cut costs during the pandemic as the travel industry shut down entirely, instead pivoting its strategy to meet customer demand in other ways. Matthias Tillmann, CFO of trivago, joined Cheddar's Opening Bell to discuss the company's results and why he's optimistic about the future of the travel industry in 2022.
PLAY, a low-cost airline headquartered in Iceland, is expanding service to New York Stewart International Airport, marking its third destination in the United States. PLAY is the latest affordable carrier to fly onto the scene, debuting its first flights a little more than six months ago. Birgir Jonsson, CEO of PLAY, joined Cheddar to discuss what this expansion means for the airline and what it's been like to lead a new airline during a pandemic. "For us to get into the market now, have the availability of great, brand new aircraft at historically low prices, and basically being able to secure a low operating cost base for the future is a completely rare opportunity," Jonsson said. "We can get into the market now when our competitors are also weak."
On Monday, Peloton CEO John Foley stepped down, 2,800 layoffs were announced, and its stock price skyrocketed. Lydia Moynihan, business reporter for the New York Post joined Cheddar News to talk about why investors are excited about this shift in power, while thousands of its workers were let go in a less than ideal manner. "One of the headlines that emerged was that even as they were being fired, Foley sort of couched it as, 'well, you know what, you're still gonna get a year's login to a Peloton subscription', as if somehow if that would make things better," Moynihan said of the soon-to-be ex-CEO. "So, even in that, it was seen as a very sort of tone-deaf move as people were being axed."
Low-cost airlines Frontier and Spirit have agreed to merge in a deal worth $6.6 billion. The new company name and other terms of the deal have not been disclosed. If approved, the merger would be the fifth-largest airline in the United States. Jonathan Root, senior vice president at Moody's, joins Closing Bell to discuss the impact this deal could have on the broader airline industry, as well as why it makes sense for both discount airlines to combine.
