Trivago CEO Axel Hefer on Company Earnings, Summer Outlook
Axel Hefer, Trivago CEO, joined Cheddar News to this week to discuss the company's latest earnings report. The company reported a miss despite increased global travel demand. "We expect this summer to be strong despite the concerns you hear everywhere about inflation, about higher prices," Hefer said.
Stocks opened in a positive session as the market is on pace for a 14th straight day of gains that would tie it for the longest winning streak. This follows the Federal Reserve's decision to raise rates.
The Federal Reserve's decision Wednesday to raise its benchmark rate for the 11th time, by a quarter-point, could once again send ripple effects across the economy.
