Disney reported a mixed performance in its latest quarterly results.
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EV Battery Tech Propelling Market Growth
Cheddar breaks down factors impacting widespread consumer EV adoption, and how GM is innovating with its Ultium battery platform.
Sustainable Shoemaker Allbirds Goes Public on the Nasdaq
Sustainable footwear and apparel company Allbirds made its public debut on the Nasdaq on Wednesday, and CFO Mike Bufano joined Cheddar's "Between Bells" to discuss the IPO and the company's $3.3 billion valuation. Bufano attributed its recent success to product offerings and expanded brick and mortar locations. "There's lower returns when people go to a store and then there's no outbound shipping when people go to a store as well. So, the stores are both great brand beacons, they're profitable in and of themselves, and they help the overall margin profile of the business," he said.
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.
