Zoom is struggling to convince consumers to pay, and the stock is sliding
Zoom Video Communications Inc. is struggling to convince people to pay for its videoconferencing service in the third year of the COVID-19 pandemic, contributing to a trimmed forecast and falling stock price Monday.
MarketWatch
August 22, 2022
Target profit crumbles as inflation-weary consumers shun discretionary spending
Target Corp (TGT.N) reported a bigger-than-expected 90% fall in quarterly earnings on Wednesday and missed estimates for comparable sales as it struggled to lure inflation-hit shoppers with steep discounts on apparel, electronics and home goods.
Reuters
August 17, 2022
Even off-price retailer TJX is being impacted by inflation
Despite offering deep discounts, off-price retailers like TJX aren’t immune to the slowdown in consumer spending.
Modern Retail
August 17, 2022
Clothing subscriptions like Stitch Fix were once hot – but now might be the victims of ‘box fatigue’
Retailers rushed to enter the subscription space, curating boxes of clothing and other items. But consumers are showing signs they’re no longer interested.
CNBC
August 12, 2022
M Science Blog: Video Game Spend Becomes More Diversified
According to our data, digital gaming spend increased substantially during the COVID lockdowns. For the most part, it has retained strength, even as the economy re-opened…
M Science Blog
August 11, 2022
Airbnb could have a key advantage during the next recession
Inflation is starting to cool, according to data released Wednesday. But Minneapolis Fed President Neel Kashkari cautioned that day that a recession could still occur in the “near future,” as Reuters reported.
Yahoo! News
August 11, 2022
Roblox slides as bookings miss raise gaming slowdown worries
Roblox Corp (RBLX.N) missed estimates for quarterly bookings on Tuesday, in yet another sign the gaming industry is facing a slowdown after a pandemic-fueled boom, sending shares of the gaming platform down around 19% in extended trading.
Reuters
August 9, 2022
Alibaba Posts First Revenue Decline Since Going Public
Chinese tech stocks popular among U.S. investors have tumbled amid the country’s regulatory crackdown on technology firms. WSJ explains some of the new risks investors face when buying shares of companies like Didi or Tencent.
The Wall Street Journal
August 4, 2022
U.S. cruise operators' recovery runs into rough weather as labor crisis worsens
Andrea Mather’s plans for a long-awaited summer cruise around the Hawaiian islands with her financial analyst husband unraveled after her booking with Norwegian Cruise Line’s (NCLH.N) Pride of America was canceled due to a staffing shortage.
Reuters
July 20, 2022
Growth Cools at Once-Hot Food-Delivery Apps Uber Eats and DoorDash
Companies introduce new measures as they face high inflation, a potential economic downturn
The Wall Street Journal
July 20, 2022
Revolve grows up: From flower crowns and boho dresses to The Row
The US multi-brand retailer has a new outlook. Festival fashion might still have its place, but engaging with older customers as they professionalise is key.
Vogue Business
July 15, 2022
Using Spark Structured Streaming to Scale Your Analytics
“Engineers are taught by life experience that doing something quick and doing something right are mutually exclusive! With Structured Streaming from Databricks, M Science gets both speed and accuracy from our analytics platform, without the need to rebuild our infrastructure from scratch every time.”– Ben Tallman, CTO
Databricks
July 14, 2022
The inflationary 2020s mean fast food just isn’t cheap anymore
The all-American genre of fast food has historically been an inflation killer. Industrialization in the restaurant industry has lowered prices for consumers year after year ever since the first White Castle opened in 1921, signaling the beginning of the industry, and definitely since McDonald’s debuted in the early 1940s.
Fortune
July 2, 2022
Bed Bath & Beyond turning off AC in stores to save money: report
Bed Bath & Beyond is making its customers and employees sweat these days...
New York Post
June 28, 2022
China Edutech Surge Lures Investors as US Melts Down
The rapid revival of Chinese education companies’ business is boosting investor appetite for the stocks that bore the brunt of Beijing’s yearlong regulatory crackdown.
