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 steadied on Wall Street Wednesday and closed with a mixed finish, a day after worries about interest rates sent them to one of their worst tumbles of the year.
Cheddar News takes a look at The Day Ahead for Wednesday, as Fed Chair Jerome Powell continues to testify on Capitol Hill about the central bank's monetary policy. Employment data and more earnings are also expected to be released.
The Federal Trade Commission is seeking information from Twitter for its probe into the company since Elon Musk took over last year, according to The Wall Street Journal.
