*This Is *The* Hottest New Wedding Gift Newlyweds Are Asking For*
It's incredibly practical. READ MORE...
[Read more...](https://www.apartmenttherapy.com/down-payment-wedding-gift-37330079?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
It's incredibly practical. READ MORE...
[Read more...](https://www.apartmenttherapy.com/down-payment-wedding-gift-37330079?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
*20 странных, нелепых и жутких идей с прекрасным воплощением*
Деревянная раковина, телефон-спиннер, серьги в форме своих же ушей и многое другое.
[Read more...](https://lifehacker.ru/20-strannyx-nelepyx-i-zhutkix-idej-s-prekrasnym-voploshheniem/)
Деревянная раковина, телефон-спиннер, серьги в форме своих же ушей и многое другое.
[Read more...](https://lifehacker.ru/20-strannyx-nelepyx-i-zhutkix-idej-s-prekrasnym-voploshheniem/)
*The Broken Clock*
David Gessner keenly observes how humans have altered the cycle of the changing seasons and how animals and bird are coping, partly by migration. After you’ve known a place for a while, you can see one season in another. It’s not mystical or even that hard. I find it reassuring, or at least it was reassuring. These comings and goings of birds and other animals feel like rituals, but that is not really an accurate description since they are the thing itself, not a reenactment, their lives depending on getting the timing right. These timetables have been fine-tuned over millions of years. In the cocoons of our virtual and electronic worlds, it is easy to ignore these primal timetables, but we lose something when we do. Read the essay
[Read more...](https://longreads.com/2023/10/26/the-broken-clock/)
David Gessner keenly observes how humans have altered the cycle of the changing seasons and how animals and bird are coping, partly by migration. After you’ve known a place for a while, you can see one season in another. It’s not mystical or even that hard. I find it reassuring, or at least it was reassuring. These comings and goings of birds and other animals feel like rituals, but that is not really an accurate description since they are the thing itself, not a reenactment, their lives depending on getting the timing right. These timetables have been fine-tuned over millions of years. In the cocoons of our virtual and electronic worlds, it is easy to ignore these primal timetables, but we lose something when we do. Read the essay
[Read more...](https://longreads.com/2023/10/26/the-broken-clock/)
*Представлены Xiaomi 14 и Xiaomi 14 Pro: первые со Snapdragon 8 Gen 3. Без титана не обошлось*
У базового Xiaomi 14 экран ярче и рамка тоньше, чем у iPhone 15 Pro.
[Read more...](https://lifehacker.ru/xiaomi-14-i-14-pro-anons/)
У базового Xiaomi 14 экран ярче и рамка тоньше, чем у iPhone 15 Pro.
[Read more...](https://lifehacker.ru/xiaomi-14-i-14-pro-anons/)
*The Truth About Whether Your Planters Really Need Drainage Holes*
The answer might surprise you. READ MORE...
[Read more...](https://www.apartmenttherapy.com/plant-care-pots-without-drainage-hole-258752?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
The answer might surprise you. READ MORE...
[Read more...](https://www.apartmenttherapy.com/plant-care-pots-without-drainage-hole-258752?utm_source=RSS&utm_medium=feed&utm_campaign=Category%2FChannel%3A+main)
*Walmart and Amazon both add a new version of an iconic treat*
Offering new flavors of classic treats has become a new trend. It's a smart marketing strategy as it's much easier to explain a new flavor of a familiar item than it is to introduce a new product. In addition, when a brand like Mondolez International's (MDLZ) - Get Free Report Oreos offers a new flavor, the news spreads on social media, not to mention the coverage regular media gives it. That's why Oreos have added flavors seemingly every month or two and M&Ms, which used to just come in plain and peanut, now offer a variety of permanent flavors as well as the occasional seasonal ones. Related: Surprise bankruptcy takes beloved item off Kroger, grocery shelves It's a smart strategy that's not that different from how Starbucks (SBUX) - Get Free Report operates. That chain has recurring seasonal products — like the Pumpkin Spice Latte — that people look forward to every year. The chain gets publicity every year based on when the beloved drink may return and then a new round of media as it exits the menu. In addition, the coffee giant has new drinks each year that could become recurring favorites or might just be one-time offers. It's a smart strategy that has made every menu change an event. No grocery store food brand, aside from perhaps Oreos, has reached the level of attention Starbucks, and a handful of other fast-food chains have received simply for adding new flavors. That may be why one of the most popular snack brands has added a new version of its most iconic product that's being sold at Walmart (WMT) - Get Free Report and Amazon and it has barely made a media or social media ripple. Amazon has the new Twinkie flavor. Image source: PATRICK T. FALLON/AFP via Getty Images Hostess has a unique place in people's hearts Hostess may arguably be the most popular and well-known snack cake brand sold in the United States. Eating the company's iconic snack cakes is something that has crossed generational barriers. Parents grew up with Twinkies, CupCakes, Ding Dongs, Fruits Pies, and other Hostess treats and now they have shared that tradition with their children. That's something that was actually reinforced by the company's 2012 bankruptcy. There was a period when Hostess products disappeared from shelves and it was possible they would never return. That made older generations reconnect with the brand and embrace it in a way that doesn't always happen with the foods people ate as young kids. The loss of Hostess treat made people appreciate them more and now the company has a new flavor of its most famous snack cake, the Twinkie. Walmart and Amazon sell a new Twinkie flavor It's hard, maybe impossible, to think of an item sold in grocery stores that has higher brand recognition than the Twinkie. Over the years, Hostess has occasionally added new versions of the classic treat, including Chocodile Twinkies, a chocolate-covered version of the beloved treat. Now, the chain has quietly added a new flavor of the beloved snack cake, which can be found at both Walmart and Amazon (AMZN) - Get Free Report. The new Twinkie, like the Chocodile, heavily uses chocolate, but in a different way. The new Chocolate Lovers Twinkies features both chocolate cake, as opposed to the traditional Twinkies angel food cake, and a chocolate cream filling. "HOSTESS Chocolate Cake TWINKIES are the same as the Original but with a fun chocolatey twist. LIVE YOUR MOSTESS with one sweet bite at a time," an Amazon listing for the product read. Walmart has a ten-pack of the new Twinkies for $3.48 while Amazon, which appears to offer the new item from third-party resellers, offers the same pack at a much higher price. Hostess does not show the new Twinkies flavor on its website and it's possible the new Twinkies flavor is a Walmart exclusive that's being independently resold on Amazon. Hostess did not immediately return a request for comment.
[Read more...](https://www.thestreet.com/retailers/walmart-and-amazon-both-add-a-new-version-of-an-iconic-treat)
Offering new flavors of classic treats has become a new trend. It's a smart marketing strategy as it's much easier to explain a new flavor of a familiar item than it is to introduce a new product. In addition, when a brand like Mondolez International's (MDLZ) - Get Free Report Oreos offers a new flavor, the news spreads on social media, not to mention the coverage regular media gives it. That's why Oreos have added flavors seemingly every month or two and M&Ms, which used to just come in plain and peanut, now offer a variety of permanent flavors as well as the occasional seasonal ones. Related: Surprise bankruptcy takes beloved item off Kroger, grocery shelves It's a smart strategy that's not that different from how Starbucks (SBUX) - Get Free Report operates. That chain has recurring seasonal products — like the Pumpkin Spice Latte — that people look forward to every year. The chain gets publicity every year based on when the beloved drink may return and then a new round of media as it exits the menu. In addition, the coffee giant has new drinks each year that could become recurring favorites or might just be one-time offers. It's a smart strategy that has made every menu change an event. No grocery store food brand, aside from perhaps Oreos, has reached the level of attention Starbucks, and a handful of other fast-food chains have received simply for adding new flavors. That may be why one of the most popular snack brands has added a new version of its most iconic product that's being sold at Walmart (WMT) - Get Free Report and Amazon and it has barely made a media or social media ripple. Amazon has the new Twinkie flavor. Image source: PATRICK T. FALLON/AFP via Getty Images Hostess has a unique place in people's hearts Hostess may arguably be the most popular and well-known snack cake brand sold in the United States. Eating the company's iconic snack cakes is something that has crossed generational barriers. Parents grew up with Twinkies, CupCakes, Ding Dongs, Fruits Pies, and other Hostess treats and now they have shared that tradition with their children. That's something that was actually reinforced by the company's 2012 bankruptcy. There was a period when Hostess products disappeared from shelves and it was possible they would never return. That made older generations reconnect with the brand and embrace it in a way that doesn't always happen with the foods people ate as young kids. The loss of Hostess treat made people appreciate them more and now the company has a new flavor of its most famous snack cake, the Twinkie. Walmart and Amazon sell a new Twinkie flavor It's hard, maybe impossible, to think of an item sold in grocery stores that has higher brand recognition than the Twinkie. Over the years, Hostess has occasionally added new versions of the classic treat, including Chocodile Twinkies, a chocolate-covered version of the beloved treat. Now, the chain has quietly added a new flavor of the beloved snack cake, which can be found at both Walmart and Amazon (AMZN) - Get Free Report. The new Twinkie, like the Chocodile, heavily uses chocolate, but in a different way. The new Chocolate Lovers Twinkies features both chocolate cake, as opposed to the traditional Twinkies angel food cake, and a chocolate cream filling. "HOSTESS Chocolate Cake TWINKIES are the same as the Original but with a fun chocolatey twist. LIVE YOUR MOSTESS with one sweet bite at a time," an Amazon listing for the product read. Walmart has a ten-pack of the new Twinkies for $3.48 while Amazon, which appears to offer the new item from third-party resellers, offers the same pack at a much higher price. Hostess does not show the new Twinkies flavor on its website and it's possible the new Twinkies flavor is a Walmart exclusive that's being independently resold on Amazon. Hostess did not immediately return a request for comment.
[Read more...](https://www.thestreet.com/retailers/walmart-and-amazon-both-add-a-new-version-of-an-iconic-treat)
TheStreet
Walmart and Amazon both add a new version of an iconic treat
The rival chains are the first to offer something that will appeal to kids of all ages (but one has a much better offer).
Walmart and Amazon both add a new version of an iconic treat
Offering new flavors of classic treats has become a new trend. It's a smart marketing strategy as it's much easier to explain a new flavor of a familiar item than it is to introduce a new product. In addition, when a brand like Mondolez International's (MDLZ) - Get Free Report Oreos offers a new flavor, the news spreads on social media, not to mention the coverage regular media gives it. That's why Oreos have added flavors seemingly every month or two and M&Ms, which used to just come in plain and peanut, now offer a variety of permanent flavors as well as the occasional seasonal ones. Related: Surprise bankruptcy takes beloved item off Kroger, grocery shelves It's a smart strategy that's not that different from how Starbucks (SBUX) - Get Free Report operates. That chain has recurring seasonal products — like the Pumpkin Spice Latte — that people look forward to every year. The chain gets publicity every year based on when the beloved drink may return and then a new round of media as it exits the menu. In addition, the coffee giant has new drinks each year that could become recurring favorites or might just be one-time offers. It's a smart strategy that has made every menu change an event. No grocery store food brand, aside from perhaps Oreos, has reached the level of attention Starbucks, and a handful of other fast-food chains have received simply for adding new flavors. That may be why one of the most popular snack brands has added a new version of its most iconic product that's being sold at Walmart (WMT) - Get Free Report and Amazon and it has barely made a media or social media ripple. Amazon has the new Twinkie flavor. Image source: PATRICK T. FALLON/AFP via Getty Images Hostess has a unique place in people's hearts Hostess may arguably be the most popular and well-known snack cake brand sold in the United States. Eating the company's iconic snack cakes is something that has crossed generational barriers. Parents grew up with Twinkies, CupCakes, Ding Dongs, Fruits Pies, and other Hostess treats and now they have shared that tradition with their children. That's something that was actually reinforced by the company's 2012 bankruptcy. There was a period when Hostess products disappeared from shelves and it was possible they would never return. That made older generations reconnect with the brand and embrace it in a way that doesn't always happen with the foods people ate as young kids. The loss of Hostess treat made people appreciate them more and now the company has a new flavor of its most famous snack cake, the Twinkie. Walmart and Amazon sell a new Twinkie flavor It's hard, maybe impossible, to think of an item sold in grocery stores that has higher brand recognition than the Twinkie. Over the years, Hostess has occasionally added new versions of the classic treat, including Chocodile Twinkies, a chocolate-covered version of the beloved treat. Now, the chain has quietly added a new flavor of the beloved snack cake, which can be found at both Walmart and Amazon (AMZN) - Get Free Report. The new Twinkie, like the Chocodile, heavily uses chocolate, but in a different way. The new Chocolate Lovers Twinkies features both chocolate cake, as opposed to the traditional Twinkies angel food cake, and a chocolate cream filling. "HOSTESS Chocolate Cake TWINKIES are the same as the Original but with a fun chocolatey twist. LIVE YOUR MOSTESS with one sweet bite at a time," an Amazon listing for the product read. Walmart has a ten-pack of the new Twinkies for $3.48 while Amazon, which appears to offer the new item from third-party resellers, offers the same pack at a much higher price. Hostess does not show the new Twinkies flavor on its website and it's possible the new Twinkies flavor is a Walmart exclusive that's being independently resold on Amazon. Hostess did not immediately return a request for comment.
Read more...
Offering new flavors of classic treats has become a new trend. It's a smart marketing strategy as it's much easier to explain a new flavor of a familiar item than it is to introduce a new product. In addition, when a brand like Mondolez International's (MDLZ) - Get Free Report Oreos offers a new flavor, the news spreads on social media, not to mention the coverage regular media gives it. That's why Oreos have added flavors seemingly every month or two and M&Ms, which used to just come in plain and peanut, now offer a variety of permanent flavors as well as the occasional seasonal ones. Related: Surprise bankruptcy takes beloved item off Kroger, grocery shelves It's a smart strategy that's not that different from how Starbucks (SBUX) - Get Free Report operates. That chain has recurring seasonal products — like the Pumpkin Spice Latte — that people look forward to every year. The chain gets publicity every year based on when the beloved drink may return and then a new round of media as it exits the menu. In addition, the coffee giant has new drinks each year that could become recurring favorites or might just be one-time offers. It's a smart strategy that has made every menu change an event. No grocery store food brand, aside from perhaps Oreos, has reached the level of attention Starbucks, and a handful of other fast-food chains have received simply for adding new flavors. That may be why one of the most popular snack brands has added a new version of its most iconic product that's being sold at Walmart (WMT) - Get Free Report and Amazon and it has barely made a media or social media ripple. Amazon has the new Twinkie flavor. Image source: PATRICK T. FALLON/AFP via Getty Images Hostess has a unique place in people's hearts Hostess may arguably be the most popular and well-known snack cake brand sold in the United States. Eating the company's iconic snack cakes is something that has crossed generational barriers. Parents grew up with Twinkies, CupCakes, Ding Dongs, Fruits Pies, and other Hostess treats and now they have shared that tradition with their children. That's something that was actually reinforced by the company's 2012 bankruptcy. There was a period when Hostess products disappeared from shelves and it was possible they would never return. That made older generations reconnect with the brand and embrace it in a way that doesn't always happen with the foods people ate as young kids. The loss of Hostess treat made people appreciate them more and now the company has a new flavor of its most famous snack cake, the Twinkie. Walmart and Amazon sell a new Twinkie flavor It's hard, maybe impossible, to think of an item sold in grocery stores that has higher brand recognition than the Twinkie. Over the years, Hostess has occasionally added new versions of the classic treat, including Chocodile Twinkies, a chocolate-covered version of the beloved treat. Now, the chain has quietly added a new flavor of the beloved snack cake, which can be found at both Walmart and Amazon (AMZN) - Get Free Report. The new Twinkie, like the Chocodile, heavily uses chocolate, but in a different way. The new Chocolate Lovers Twinkies features both chocolate cake, as opposed to the traditional Twinkies angel food cake, and a chocolate cream filling. "HOSTESS Chocolate Cake TWINKIES are the same as the Original but with a fun chocolatey twist. LIVE YOUR MOSTESS with one sweet bite at a time," an Amazon listing for the product read. Walmart has a ten-pack of the new Twinkies for $3.48 while Amazon, which appears to offer the new item from third-party resellers, offers the same pack at a much higher price. Hostess does not show the new Twinkies flavor on its website and it's possible the new Twinkies flavor is a Walmart exclusive that's being independently resold on Amazon. Hostess did not immediately return a request for comment.
Read more...
TheStreet
Walmart and Amazon both add a new version of an iconic treat
The rival chains are the first to offer something that will appeal to kids of all ages (but one has a much better offer).
*Виды и рода войск ВС*
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Forma-Odezhda
Виды и рода войск ВС РФ
Узнайте о Виды и рода войск ВС РФ в энциклопедии магазина Форма одежды.
Виды и рода войск ВС
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Read more...
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Read more...
Forma-Odezhda
Виды и рода войск ВС РФ
Узнайте о Виды и рода войск ВС РФ в энциклопедии магазина Форма одежды.
*Аксельбант*
via forma full 5 https://ift.tt/borGT3P Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3575917.html)
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Forma-Odezhda
Аксельбант
Узнайте о Аксельбант в энциклопедии магазина Форма одежды.
Аксельбант
via forma full 5 https://ift.tt/borGT3P Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
Read more...
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Read more...
Forma-Odezhda
Аксельбант
Узнайте о Аксельбант в энциклопедии магазина Форма одежды.
*Форма одежды*
via forma full 5 https://ift.tt/uxCaq4w Manage Unsubscribe from these notifications or sign in to manage your Email service.IFTTT Manage on IFTTT: https://ifttt.com/myrecipes/personal/114580525
[Read more...](https://analogindex.livejournal.com/3571095.html)
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Forma-Odezhda
Форма одежды - магазин форменной одежды полиции, МЧС, МВД
Военторг Форма одежды - уставная форма, камуфляж, военная одежда, военторги москвы, армейский магазин, военный магазин, форма полиции, форма МЧС
Форма одежды
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Read more...
Forma-Odezhda
Форма одежды - магазин форменной одежды полиции, МЧС, МВД
Военторг Форма одежды - уставная форма, камуфляж, военная одежда, военторги москвы, армейский магазин, военный магазин, форма полиции, форма МЧС
*Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus*
Amazon (AMZN) - Get Free Report shares moved lower in pre-market trading ahead of the cloud and retail tech giant's third quarter earnings slated for after the closing bell. Amazon's profit-driving Web Services business is likely to provide the key focus of tonight's release, following a mixed set of figures from cloud computing rivals Microsoft (MSFT) - Get Free Report and Alphabet (GOOGL) - Get Free Report, the latter of which triggered a $166 billion loss in market share and the biggest slump in tech stocks since February. Analysts see revenue growth for Amazon Web Services in the region of 12.5%, following a 12% gain over the three months ending in June, as the group's investments in AI-related technologies boost enterprise sales. Amazon, which has lagged Google and Microsoft in this year's rapid race to develop and deploy AI technologies, could use the Anthropic investment to springboard its efforts, particularly in the cloud space, heading into the final months of the year. Jassy told investors in early August that while "most people are talking about the application layer, specifically what OpenAI has done with ChatGPT," further layers and investment opportunities remain. The impact of the AI cycle on consumer Internet will be massive and it will start w/ the cloud service divisions," said Wedbush analyst Dan Ives, who carries an 'outperform' rating with a $180 price target on the stock. "This speaks to a key narrative this week with the tech stalwarts giving a spotlight on enterprise spending trends and the appetite for transformative AI projects heading into 2024." Amazon's AI drive, which includes a $4 billion investment in San Francisco-based startup Anthropic, is also likely to improve sales and margins across its e-commerce business, as well, following a solid boost from its Prime Day event in early July, which included the sale of 375 million items, a 25% increase from 2022 levels. "Amazon's first-party online sales business has been resilient, despite consumers cutting back on discretionary purchases and leaning more into value goods," said CFRA analyst Arun Sundaram. "Amazon is expanding its selection of everyday essentials, which has helped increase basket sizes and overall shopping frequency. In addition, Amazon has been focused on providing even faster delivery speeds this year." At a headline level, analysts see Amazon posting a bottom line of 58 cents per share, more than double the tally from the same period last year, with overall revenues rising 11.3% to $141.42 billion. Investors will not only look to Amazon's fourth quarter outlook for a read on consumer spending strength into the holiday season, but also to the group's first investor-focused reaction to a lawsuit brought by the U.S. Federal Trade Commission late last month accusing the group of operating a monopoly in its giant online retailing business. The suit alleges that Amazon will "bury" lower-priced products deep into its search rankings, effectively making them "invisible," while effectively conditioning sellers to obtain "Prime" eligibility for their products, which are then automatically linked to the company's fulfilment services. Amazon shares were marked 1.4% lower in pre-market trading to indicate a Thursday opening bell price of $119.69 each.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/amazon-earnings-on-deck-with-ai-web-services-ftc-challenge-in-focus)
Amazon (AMZN) - Get Free Report shares moved lower in pre-market trading ahead of the cloud and retail tech giant's third quarter earnings slated for after the closing bell. Amazon's profit-driving Web Services business is likely to provide the key focus of tonight's release, following a mixed set of figures from cloud computing rivals Microsoft (MSFT) - Get Free Report and Alphabet (GOOGL) - Get Free Report, the latter of which triggered a $166 billion loss in market share and the biggest slump in tech stocks since February. Analysts see revenue growth for Amazon Web Services in the region of 12.5%, following a 12% gain over the three months ending in June, as the group's investments in AI-related technologies boost enterprise sales. Amazon, which has lagged Google and Microsoft in this year's rapid race to develop and deploy AI technologies, could use the Anthropic investment to springboard its efforts, particularly in the cloud space, heading into the final months of the year. Jassy told investors in early August that while "most people are talking about the application layer, specifically what OpenAI has done with ChatGPT," further layers and investment opportunities remain. The impact of the AI cycle on consumer Internet will be massive and it will start w/ the cloud service divisions," said Wedbush analyst Dan Ives, who carries an 'outperform' rating with a $180 price target on the stock. "This speaks to a key narrative this week with the tech stalwarts giving a spotlight on enterprise spending trends and the appetite for transformative AI projects heading into 2024." Amazon's AI drive, which includes a $4 billion investment in San Francisco-based startup Anthropic, is also likely to improve sales and margins across its e-commerce business, as well, following a solid boost from its Prime Day event in early July, which included the sale of 375 million items, a 25% increase from 2022 levels. "Amazon's first-party online sales business has been resilient, despite consumers cutting back on discretionary purchases and leaning more into value goods," said CFRA analyst Arun Sundaram. "Amazon is expanding its selection of everyday essentials, which has helped increase basket sizes and overall shopping frequency. In addition, Amazon has been focused on providing even faster delivery speeds this year." At a headline level, analysts see Amazon posting a bottom line of 58 cents per share, more than double the tally from the same period last year, with overall revenues rising 11.3% to $141.42 billion. Investors will not only look to Amazon's fourth quarter outlook for a read on consumer spending strength into the holiday season, but also to the group's first investor-focused reaction to a lawsuit brought by the U.S. Federal Trade Commission late last month accusing the group of operating a monopoly in its giant online retailing business. The suit alleges that Amazon will "bury" lower-priced products deep into its search rankings, effectively making them "invisible," while effectively conditioning sellers to obtain "Prime" eligibility for their products, which are then automatically linked to the company's fulfilment services. Amazon shares were marked 1.4% lower in pre-market trading to indicate a Thursday opening bell price of $119.69 each.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
[Read more...](https://www.thestreet.com/investing/stocks/amazon-earnings-on-deck-with-ai-web-services-ftc-challenge-in-focus)
TheStreet
Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus
Growth in Amazon's profit-driving web services division will likely be the focus of the tech and online retail giant's third quarter earnings after the close of trading Thursday.
Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus
Amazon (AMZN) - Get Free Report shares moved lower in pre-market trading ahead of the cloud and retail tech giant's third quarter earnings slated for after the closing bell. Amazon's profit-driving Web Services business is likely to provide the key focus of tonight's release, following a mixed set of figures from cloud computing rivals Microsoft (MSFT) - Get Free Report and Alphabet (GOOGL) - Get Free Report, the latter of which triggered a $166 billion loss in market share and the biggest slump in tech stocks since February. Analysts see revenue growth for Amazon Web Services in the region of 12.5%, following a 12% gain over the three months ending in June, as the group's investments in AI-related technologies boost enterprise sales. Amazon, which has lagged Google and Microsoft in this year's rapid race to develop and deploy AI technologies, could use the Anthropic investment to springboard its efforts, particularly in the cloud space, heading into the final months of the year. Jassy told investors in early August that while "most people are talking about the application layer, specifically what OpenAI has done with ChatGPT," further layers and investment opportunities remain. The impact of the AI cycle on consumer Internet will be massive and it will start w/ the cloud service divisions," said Wedbush analyst Dan Ives, who carries an 'outperform' rating with a $180 price target on the stock. "This speaks to a key narrative this week with the tech stalwarts giving a spotlight on enterprise spending trends and the appetite for transformative AI projects heading into 2024." Amazon's AI drive, which includes a $4 billion investment in San Francisco-based startup Anthropic, is also likely to improve sales and margins across its e-commerce business, as well, following a solid boost from its Prime Day event in early July, which included the sale of 375 million items, a 25% increase from 2022 levels. "Amazon's first-party online sales business has been resilient, despite consumers cutting back on discretionary purchases and leaning more into value goods," said CFRA analyst Arun Sundaram. "Amazon is expanding its selection of everyday essentials, which has helped increase basket sizes and overall shopping frequency. In addition, Amazon has been focused on providing even faster delivery speeds this year." At a headline level, analysts see Amazon posting a bottom line of 58 cents per share, more than double the tally from the same period last year, with overall revenues rising 11.3% to $141.42 billion. Investors will not only look to Amazon's fourth quarter outlook for a read on consumer spending strength into the holiday season, but also to the group's first investor-focused reaction to a lawsuit brought by the U.S. Federal Trade Commission late last month accusing the group of operating a monopoly in its giant online retailing business. The suit alleges that Amazon will "bury" lower-priced products deep into its search rankings, effectively making them "invisible," while effectively conditioning sellers to obtain "Prime" eligibility for their products, which are then automatically linked to the company's fulfilment services. Amazon shares were marked 1.4% lower in pre-market trading to indicate a Thursday opening bell price of $119.69 each.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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Amazon (AMZN) - Get Free Report shares moved lower in pre-market trading ahead of the cloud and retail tech giant's third quarter earnings slated for after the closing bell. Amazon's profit-driving Web Services business is likely to provide the key focus of tonight's release, following a mixed set of figures from cloud computing rivals Microsoft (MSFT) - Get Free Report and Alphabet (GOOGL) - Get Free Report, the latter of which triggered a $166 billion loss in market share and the biggest slump in tech stocks since February. Analysts see revenue growth for Amazon Web Services in the region of 12.5%, following a 12% gain over the three months ending in June, as the group's investments in AI-related technologies boost enterprise sales. Amazon, which has lagged Google and Microsoft in this year's rapid race to develop and deploy AI technologies, could use the Anthropic investment to springboard its efforts, particularly in the cloud space, heading into the final months of the year. Jassy told investors in early August that while "most people are talking about the application layer, specifically what OpenAI has done with ChatGPT," further layers and investment opportunities remain. The impact of the AI cycle on consumer Internet will be massive and it will start w/ the cloud service divisions," said Wedbush analyst Dan Ives, who carries an 'outperform' rating with a $180 price target on the stock. "This speaks to a key narrative this week with the tech stalwarts giving a spotlight on enterprise spending trends and the appetite for transformative AI projects heading into 2024." Amazon's AI drive, which includes a $4 billion investment in San Francisco-based startup Anthropic, is also likely to improve sales and margins across its e-commerce business, as well, following a solid boost from its Prime Day event in early July, which included the sale of 375 million items, a 25% increase from 2022 levels. "Amazon's first-party online sales business has been resilient, despite consumers cutting back on discretionary purchases and leaning more into value goods," said CFRA analyst Arun Sundaram. "Amazon is expanding its selection of everyday essentials, which has helped increase basket sizes and overall shopping frequency. In addition, Amazon has been focused on providing even faster delivery speeds this year." At a headline level, analysts see Amazon posting a bottom line of 58 cents per share, more than double the tally from the same period last year, with overall revenues rising 11.3% to $141.42 billion. Investors will not only look to Amazon's fourth quarter outlook for a read on consumer spending strength into the holiday season, but also to the group's first investor-focused reaction to a lawsuit brought by the U.S. Federal Trade Commission late last month accusing the group of operating a monopoly in its giant online retailing business. The suit alleges that Amazon will "bury" lower-priced products deep into its search rankings, effectively making them "invisible," while effectively conditioning sellers to obtain "Prime" eligibility for their products, which are then automatically linked to the company's fulfilment services. Amazon shares were marked 1.4% lower in pre-market trading to indicate a Thursday opening bell price of $119.69 each.Action Alerts PLUS offers expert portfolio guidance to help you make informed investing decisions. Sign up now.
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TheStreet
Amazon earnings on deck with AI, web services, FTC monopoly challenge in focus
Growth in Amazon's profit-driving web services division will likely be the focus of the tech and online retail giant's third quarter earnings after the close of trading Thursday.
*The top destinations to visit in 2024 are completely unexpected*
While Paris and Disneyland will remain perennial tourist hotspots, different years bring with them different travel trends and popular destinations. While many flocked to smaller cities and nearby destinations during the height of the covid-19 pandemic, airlines are still struggling to meet the post-pandemic rush of those looking to take long put-off trips during 2022 and 2023. International Trade Association (IATA) numbers show that the number of Americans going on international trips is up 24% since 2022 and 99% since 2019.Related: The cheapest city for a weekend getaway is different in the fall Among the most popular destinations chosen by American travelers, travel guide publisher Lonely Planet identified Montreal and Philadelphia as the top North American cities to visit in 2024. South America's Patagonia region has seen an explosion of tourists in 2023. Shutterstock Cities top list for their affordability, sustainability efforts Also looking at categories such as sustainability and value, Lonely Planet's annual "Best In Travel" list identified Spain and South America's Patagonia region for their efforts in reversing environmental degradation and the Midwest of the U.S. as the most economical travel destination. More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The global capital to top Lonely Planet's "City" category is Nairobi — the capital of Kenya won out for its "dynamic array of restaurants, food carts and cafes, along with a steady rotation of arts and cultural venues that all fuel a distinct Nairobi cool." "Our picks for this year seek to both inspire and follow the instincts of 2024's traveler,” Lonely Planet Executive Editor Nitya Chambers said in a statement. "[...] With new takes on iconic destinations and 50 fresh ideas across five categories, we’re confident Best in Travel opens up a year of incredible adventures." Specific regions to get singled out by the travel guide company include the Trans Dinarica cycling route that crosses eight countries including Estonia, Latvia and Lithuania across the West Balkans, Kangaroo Island in South Australia, Italy's Tuscany and Donegal in Northwestern Ireland.Here's why Poland is exploding as a popular tourist destination Specific countries identified as top travel destinations in 2023 include Mongolia, India, Morocco, Chile and Benin — the latter West African country was chosen for the way it is often "dwarfed by its neighbor to the east Nigeria' but is well worth a visit its own trip as both "the spiritual home of voodoo" and the home of "palm-fringed beaches and some of the best national parks this side of the continent." Locations to make the top five when it comes to value include Nicaragua, France's Normandy region, Bulgaria and Poland — the latter country was also recently singled out in an environmental report as one where we can expect to see increased tourism during the summer months in the coming years as traditional summer destinations such as Greece and Malta get too hot to visit due to global warming. While steadily getting more expensive, Poland is also seen as a budget-friendly location. "Slow Travel, a favorite topic with Lonely Planet readers, is celebrated by highlighting the Camino Portuguese hiking trail and the continued rise of night trains in Europe," Lonely Planet writes further of the results. "[...] Patagonia, Ecuador and the Western Balkans' Trans Dinarica Cycle Route, an eight-country route, including Estonia, Latvia and Lithuania, are amongst those which provide more responsible ways to connect with nature."
[Read more...](https://www.thestreet.com/travel/the-top-destinations-to-visit-in-2024-are-completely-unexpected)
While Paris and Disneyland will remain perennial tourist hotspots, different years bring with them different travel trends and popular destinations. While many flocked to smaller cities and nearby destinations during the height of the covid-19 pandemic, airlines are still struggling to meet the post-pandemic rush of those looking to take long put-off trips during 2022 and 2023. International Trade Association (IATA) numbers show that the number of Americans going on international trips is up 24% since 2022 and 99% since 2019.Related: The cheapest city for a weekend getaway is different in the fall Among the most popular destinations chosen by American travelers, travel guide publisher Lonely Planet identified Montreal and Philadelphia as the top North American cities to visit in 2024. South America's Patagonia region has seen an explosion of tourists in 2023. Shutterstock Cities top list for their affordability, sustainability efforts Also looking at categories such as sustainability and value, Lonely Planet's annual "Best In Travel" list identified Spain and South America's Patagonia region for their efforts in reversing environmental degradation and the Midwest of the U.S. as the most economical travel destination. More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The global capital to top Lonely Planet's "City" category is Nairobi — the capital of Kenya won out for its "dynamic array of restaurants, food carts and cafes, along with a steady rotation of arts and cultural venues that all fuel a distinct Nairobi cool." "Our picks for this year seek to both inspire and follow the instincts of 2024's traveler,” Lonely Planet Executive Editor Nitya Chambers said in a statement. "[...] With new takes on iconic destinations and 50 fresh ideas across five categories, we’re confident Best in Travel opens up a year of incredible adventures." Specific regions to get singled out by the travel guide company include the Trans Dinarica cycling route that crosses eight countries including Estonia, Latvia and Lithuania across the West Balkans, Kangaroo Island in South Australia, Italy's Tuscany and Donegal in Northwestern Ireland.Here's why Poland is exploding as a popular tourist destination Specific countries identified as top travel destinations in 2023 include Mongolia, India, Morocco, Chile and Benin — the latter West African country was chosen for the way it is often "dwarfed by its neighbor to the east Nigeria' but is well worth a visit its own trip as both "the spiritual home of voodoo" and the home of "palm-fringed beaches and some of the best national parks this side of the continent." Locations to make the top five when it comes to value include Nicaragua, France's Normandy region, Bulgaria and Poland — the latter country was also recently singled out in an environmental report as one where we can expect to see increased tourism during the summer months in the coming years as traditional summer destinations such as Greece and Malta get too hot to visit due to global warming. While steadily getting more expensive, Poland is also seen as a budget-friendly location. "Slow Travel, a favorite topic with Lonely Planet readers, is celebrated by highlighting the Camino Portuguese hiking trail and the continued rise of night trains in Europe," Lonely Planet writes further of the results. "[...] Patagonia, Ecuador and the Western Balkans' Trans Dinarica Cycle Route, an eight-country route, including Estonia, Latvia and Lithuania, are amongst those which provide more responsible ways to connect with nature."
[Read more...](https://www.thestreet.com/travel/the-top-destinations-to-visit-in-2024-are-completely-unexpected)
TheStreet
The top destinations to visit in 2024 are completely unexpected
"We're confident Best in Travel opens up a year of incredible adventures," says Lonely Planet's Nitya Chambers.
The top destinations to visit in 2024 are completely unexpected
While Paris and Disneyland will remain perennial tourist hotspots, different years bring with them different travel trends and popular destinations. While many flocked to smaller cities and nearby destinations during the height of the covid-19 pandemic, airlines are still struggling to meet the post-pandemic rush of those looking to take long put-off trips during 2022 and 2023. International Trade Association (IATA) numbers show that the number of Americans going on international trips is up 24% since 2022 and 99% since 2019.Related: The cheapest city for a weekend getaway is different in the fall Among the most popular destinations chosen by American travelers, travel guide publisher Lonely Planet identified Montreal and Philadelphia as the top North American cities to visit in 2024. South America's Patagonia region has seen an explosion of tourists in 2023. Shutterstock Cities top list for their affordability, sustainability efforts Also looking at categories such as sustainability and value, Lonely Planet's annual "Best In Travel" list identified Spain and South America's Patagonia region for their efforts in reversing environmental degradation and the Midwest of the U.S. as the most economical travel destination. More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The global capital to top Lonely Planet's "City" category is Nairobi — the capital of Kenya won out for its "dynamic array of restaurants, food carts and cafes, along with a steady rotation of arts and cultural venues that all fuel a distinct Nairobi cool." "Our picks for this year seek to both inspire and follow the instincts of 2024's traveler,” Lonely Planet Executive Editor Nitya Chambers said in a statement. "... With new takes on iconic destinations and 50 fresh ideas across five categories, we’re confident Best in Travel opens up a year of incredible adventures." Specific regions to get singled out by the travel guide company include the Trans Dinarica cycling route that crosses eight countries including Estonia, Latvia and Lithuania across the West Balkans, Kangaroo Island in South Australia, Italy's Tuscany and Donegal in Northwestern Ireland.Here's why Poland is exploding as a popular tourist destination Specific countries identified as top travel destinations in 2023 include Mongolia, India, Morocco, Chile and Benin — the latter West African country was chosen for the way it is often "dwarfed by its neighbor to the east Nigeria' but is well worth a visit its own trip as both "the spiritual home of voodoo" and the home of "palm-fringed beaches and some of the best national parks this side of the continent." Locations to make the top five when it comes to value include Nicaragua, France's Normandy region, Bulgaria and Poland — the latter country was also recently singled out in an environmental report as one where we can expect to see increased tourism during the summer months in the coming years as traditional summer destinations such as Greece and Malta get too hot to visit due to global warming. While steadily getting more expensive, Poland is also seen as a budget-friendly location. "Slow Travel, a favorite topic with Lonely Planet readers, is celebrated by highlighting the Camino Portuguese hiking trail and the continued rise of night trains in Europe," Lonely Planet writes further of the results. "... Patagonia, Ecuador and the Western Balkans' Trans Dinarica Cycle Route, an eight-country route, including Estonia, Latvia and Lithuania, are amongst those which provide more responsible ways to connect with nature."
Read more...
While Paris and Disneyland will remain perennial tourist hotspots, different years bring with them different travel trends and popular destinations. While many flocked to smaller cities and nearby destinations during the height of the covid-19 pandemic, airlines are still struggling to meet the post-pandemic rush of those looking to take long put-off trips during 2022 and 2023. International Trade Association (IATA) numbers show that the number of Americans going on international trips is up 24% since 2022 and 99% since 2019.Related: The cheapest city for a weekend getaway is different in the fall Among the most popular destinations chosen by American travelers, travel guide publisher Lonely Planet identified Montreal and Philadelphia as the top North American cities to visit in 2024. South America's Patagonia region has seen an explosion of tourists in 2023. Shutterstock Cities top list for their affordability, sustainability efforts Also looking at categories such as sustainability and value, Lonely Planet's annual "Best In Travel" list identified Spain and South America's Patagonia region for their efforts in reversing environmental degradation and the Midwest of the U.S. as the most economical travel destination. More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The global capital to top Lonely Planet's "City" category is Nairobi — the capital of Kenya won out for its "dynamic array of restaurants, food carts and cafes, along with a steady rotation of arts and cultural venues that all fuel a distinct Nairobi cool." "Our picks for this year seek to both inspire and follow the instincts of 2024's traveler,” Lonely Planet Executive Editor Nitya Chambers said in a statement. "... With new takes on iconic destinations and 50 fresh ideas across five categories, we’re confident Best in Travel opens up a year of incredible adventures." Specific regions to get singled out by the travel guide company include the Trans Dinarica cycling route that crosses eight countries including Estonia, Latvia and Lithuania across the West Balkans, Kangaroo Island in South Australia, Italy's Tuscany and Donegal in Northwestern Ireland.Here's why Poland is exploding as a popular tourist destination Specific countries identified as top travel destinations in 2023 include Mongolia, India, Morocco, Chile and Benin — the latter West African country was chosen for the way it is often "dwarfed by its neighbor to the east Nigeria' but is well worth a visit its own trip as both "the spiritual home of voodoo" and the home of "palm-fringed beaches and some of the best national parks this side of the continent." Locations to make the top five when it comes to value include Nicaragua, France's Normandy region, Bulgaria and Poland — the latter country was also recently singled out in an environmental report as one where we can expect to see increased tourism during the summer months in the coming years as traditional summer destinations such as Greece and Malta get too hot to visit due to global warming. While steadily getting more expensive, Poland is also seen as a budget-friendly location. "Slow Travel, a favorite topic with Lonely Planet readers, is celebrated by highlighting the Camino Portuguese hiking trail and the continued rise of night trains in Europe," Lonely Planet writes further of the results. "... Patagonia, Ecuador and the Western Balkans' Trans Dinarica Cycle Route, an eight-country route, including Estonia, Latvia and Lithuania, are amongst those which provide more responsible ways to connect with nature."
Read more...
TheStreet
The top destinations to visit in 2024 are completely unexpected
"We're confident Best in Travel opens up a year of incredible adventures," says Lonely Planet's Nitya Chambers.
*Apple just made watching "The Morning Show" more expensive*
TheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, October 26. Full Video Transcript Below: J.D. DURKIN: I'm J.D. Durkin - reporting from the New York Stock Exchange. Here's what we're watching on TheStreet today. Wall Street is digesting some economic data – GDP and weekly jobless claims. The GDP report showed that the U.S. economy grew 4.9 percent in the third quarter, up from 2.1 percent last quarter. This is just the latest sign of economic resilience despite the Federal Reserve's efforts to slow the economy. And jobless claims came in higher than expectations...210,000 people filed for unemployment last week, above estimates of 208,000. While it's the first time in weeks we've seen these claims higher than expectations, they still remain in low territory. Meanwhile - another day, another streaming service price hike. This time it's Apple, which announced it will be raising the monthly price of an Apple TV Plus subscription from $6.99 a month to $9.99 a month. Home to hits like "Ted Lasso" and "The Morning Show," this is the second price hike for Apple TV in the last 12 months after the company raised the monthly price from $4.99 to $6.99 in October of 2022. However, Apple TV is not the only Apple service getting a price bump. Apple Arcade, Apple News, and Apple One all saw their subscription costs increase between two and three dollars a month. Apple's subscription revenue jumped by 8% year-over-year in Q2 - bringing in $21 billion. This news comes just a week after Netflix announced it would raise the prices of its premium ad-free tier and its basic plan. And Amazon, Disney Plus, Peacock, and Hulu have all announced increases to their streaming service platforms within the last three months. That'll do it for your daily briefing. From the New York Stock Exchange, I'm J.D. Durkin with TheStreet.
[Read more...](https://www.thestreet.com/video/apple-just-made-watching-the-morning-show-more-expensive)
TheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, October 26. Full Video Transcript Below: J.D. DURKIN: I'm J.D. Durkin - reporting from the New York Stock Exchange. Here's what we're watching on TheStreet today. Wall Street is digesting some economic data – GDP and weekly jobless claims. The GDP report showed that the U.S. economy grew 4.9 percent in the third quarter, up from 2.1 percent last quarter. This is just the latest sign of economic resilience despite the Federal Reserve's efforts to slow the economy. And jobless claims came in higher than expectations...210,000 people filed for unemployment last week, above estimates of 208,000. While it's the first time in weeks we've seen these claims higher than expectations, they still remain in low territory. Meanwhile - another day, another streaming service price hike. This time it's Apple, which announced it will be raising the monthly price of an Apple TV Plus subscription from $6.99 a month to $9.99 a month. Home to hits like "Ted Lasso" and "The Morning Show," this is the second price hike for Apple TV in the last 12 months after the company raised the monthly price from $4.99 to $6.99 in October of 2022. However, Apple TV is not the only Apple service getting a price bump. Apple Arcade, Apple News, and Apple One all saw their subscription costs increase between two and three dollars a month. Apple's subscription revenue jumped by 8% year-over-year in Q2 - bringing in $21 billion. This news comes just a week after Netflix announced it would raise the prices of its premium ad-free tier and its basic plan. And Amazon, Disney Plus, Peacock, and Hulu have all announced increases to their streaming service platforms within the last three months. That'll do it for your daily briefing. From the New York Stock Exchange, I'm J.D. Durkin with TheStreet.
[Read more...](https://www.thestreet.com/video/apple-just-made-watching-the-morning-show-more-expensive)
TheStreet
Apple just made watching "The Morning Show" more expensive
Just a week after Netflix, Apple TV Plus has become the latest streaming service to increase subscription prices.
Apple just made watching "The Morning Show" more expensive
TheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, October 26. Full Video Transcript Below: J.D. DURKIN: I'm J.D. Durkin - reporting from the New York Stock Exchange. Here's what we're watching on TheStreet today. Wall Street is digesting some economic data – GDP and weekly jobless claims. The GDP report showed that the U.S. economy grew 4.9 percent in the third quarter, up from 2.1 percent last quarter. This is just the latest sign of economic resilience despite the Federal Reserve's efforts to slow the economy. And jobless claims came in higher than expectations...210,000 people filed for unemployment last week, above estimates of 208,000. While it's the first time in weeks we've seen these claims higher than expectations, they still remain in low territory. Meanwhile - another day, another streaming service price hike. This time it's Apple, which announced it will be raising the monthly price of an Apple TV Plus subscription from $6.99 a month to $9.99 a month. Home to hits like "Ted Lasso" and "The Morning Show," this is the second price hike for Apple TV in the last 12 months after the company raised the monthly price from $4.99 to $6.99 in October of 2022. However, Apple TV is not the only Apple service getting a price bump. Apple Arcade, Apple News, and Apple One all saw their subscription costs increase between two and three dollars a month. Apple's subscription revenue jumped by 8% year-over-year in Q2 - bringing in $21 billion. This news comes just a week after Netflix announced it would raise the prices of its premium ad-free tier and its basic plan. And Amazon, Disney Plus, Peacock, and Hulu have all announced increases to their streaming service platforms within the last three months. That'll do it for your daily briefing. From the New York Stock Exchange, I'm J.D. Durkin with TheStreet.
Read more...
TheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, October 26. Full Video Transcript Below: J.D. DURKIN: I'm J.D. Durkin - reporting from the New York Stock Exchange. Here's what we're watching on TheStreet today. Wall Street is digesting some economic data – GDP and weekly jobless claims. The GDP report showed that the U.S. economy grew 4.9 percent in the third quarter, up from 2.1 percent last quarter. This is just the latest sign of economic resilience despite the Federal Reserve's efforts to slow the economy. And jobless claims came in higher than expectations...210,000 people filed for unemployment last week, above estimates of 208,000. While it's the first time in weeks we've seen these claims higher than expectations, they still remain in low territory. Meanwhile - another day, another streaming service price hike. This time it's Apple, which announced it will be raising the monthly price of an Apple TV Plus subscription from $6.99 a month to $9.99 a month. Home to hits like "Ted Lasso" and "The Morning Show," this is the second price hike for Apple TV in the last 12 months after the company raised the monthly price from $4.99 to $6.99 in October of 2022. However, Apple TV is not the only Apple service getting a price bump. Apple Arcade, Apple News, and Apple One all saw their subscription costs increase between two and three dollars a month. Apple's subscription revenue jumped by 8% year-over-year in Q2 - bringing in $21 billion. This news comes just a week after Netflix announced it would raise the prices of its premium ad-free tier and its basic plan. And Amazon, Disney Plus, Peacock, and Hulu have all announced increases to their streaming service platforms within the last three months. That'll do it for your daily briefing. From the New York Stock Exchange, I'm J.D. Durkin with TheStreet.
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TheStreet
Apple just made watching "The Morning Show" more expensive
Just a week after Netflix, Apple TV Plus has become the latest streaming service to increase subscription prices.
*Spirit lost a staggering amount of money during the summer period*
Amid the rush of people taking trips that they've been putting off during the pandemic, 2023 has generally been a profitable time to be an airline. Delta Air Lines (DAL) - Get Free Report recently reported a record second quarter profit of $1.72 billion while United Airlines (UAL) - Get Free Report has also been reporting earnings upwards of $1 billion consistently for several quarters.Related: United Airlines earnings in focus as Delta sees more travel demand, higher fuel costs One exception to the overall trend is the Miramar, Florida-based budget airline Spirit Airlines (SAVE) - Get Free Report — the third-quarter results that the airline released on Oct. 26 show a $157.6 million net loss despite revenue of $1.2 billion. This is a loss of $1.44 per diluted share. Spirit says softer demand is keeping its bottom line grounded. Image source: Alex Tai/SOPA Images/LightRocket via Getty Spirit 'not seen the anticipated return to normal demand,' says CEO "Softer demand for our product and discounted fares in our markets led to a disappointing outcome for the third quarter 2023," Spirit President and CEO Ted Christie said in a statement. "We continue to see discounted fares for travel booked through the pre-Thanksgiving period. And, unfortunately, we have not seen the anticipated return to a normal demand and pricing environment for the peak holiday periods." More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The discrepancy between strong revenue and total loss have to do with high operating expenses of $1.4 billion in the third quarter and $4.3 billion in the year to date. In announcing the result, Christie touched upon the higher fuel cost of $3.15 per gallon as well as the bounce back to lower traveler numbers after the traditionally popular travel period in the summer. Amid the reported results, Spirit shares fell 4.6% in premarket trading on Oct. 26. In announcing the loss, Christie also said that it will slow down its capacity growth in order to have its business model reflect lower demand. "Given these continued trends, we are evaluating our growth profile and our competitive position," Christie said. "We have already taken the first steps by modifying the cadence of our aircraft deliveries through the end of the decade and slowing our capacity growth in the near term."Here is what's going on with the Spirit-JetBlue merger in 2023 Christie also touched upon Spirit's planned merger with JetBlue (JBLU) - Get Free Report, which is currently being challenged by the Department of Justice on antitrust grounds. While Spirit shareholders approved JetBlue's $3.6 billion bid for the low-cost airline in October 2022, concerns around the merger have to do with JetBlue's plans to increase airfare with the ultra-budget airline by as much as 40% while leaving travelers with fewer competitors to choose from. The trial is set to begin on Oct. 31 and, in announcing the earnings, Christie said that a merged airline would still be "a viable competitor" to the other options out there. To prove how it plans to enable competition, JetBlue had previously agreed to sell some of its assets at Boston International Airport and Newark Liberty airports to low-cost airline Allegiant (ALGT) - Get Free Report. "We continue to believe merging with JetBlue and creating a viable competitor to the Big Four US airlines is in the best interest of consumers, Team Members, and shareholders," Christie said. "We are prepared to make the necessary strategic shifts to enable Spirit to compete effectively in this new demand backdrop."
[Read more...](https://www.thestreet.com/travel/spirit-financial-loss-third-quarter-2023)
Amid the rush of people taking trips that they've been putting off during the pandemic, 2023 has generally been a profitable time to be an airline. Delta Air Lines (DAL) - Get Free Report recently reported a record second quarter profit of $1.72 billion while United Airlines (UAL) - Get Free Report has also been reporting earnings upwards of $1 billion consistently for several quarters.Related: United Airlines earnings in focus as Delta sees more travel demand, higher fuel costs One exception to the overall trend is the Miramar, Florida-based budget airline Spirit Airlines (SAVE) - Get Free Report — the third-quarter results that the airline released on Oct. 26 show a $157.6 million net loss despite revenue of $1.2 billion. This is a loss of $1.44 per diluted share. Spirit says softer demand is keeping its bottom line grounded. Image source: Alex Tai/SOPA Images/LightRocket via Getty Spirit 'not seen the anticipated return to normal demand,' says CEO "Softer demand for our product and discounted fares in our markets led to a disappointing outcome for the third quarter 2023," Spirit President and CEO Ted Christie said in a statement. "We continue to see discounted fares for travel booked through the pre-Thanksgiving period. And, unfortunately, we have not seen the anticipated return to a normal demand and pricing environment for the peak holiday periods." More Travel:A new travel term is taking over the internet (and reaching airlines and hotels)The 10 best airline stocks to buy nowAirlines see a new kind of traveler at the front of the plane The discrepancy between strong revenue and total loss have to do with high operating expenses of $1.4 billion in the third quarter and $4.3 billion in the year to date. In announcing the result, Christie touched upon the higher fuel cost of $3.15 per gallon as well as the bounce back to lower traveler numbers after the traditionally popular travel period in the summer. Amid the reported results, Spirit shares fell 4.6% in premarket trading on Oct. 26. In announcing the loss, Christie also said that it will slow down its capacity growth in order to have its business model reflect lower demand. "Given these continued trends, we are evaluating our growth profile and our competitive position," Christie said. "We have already taken the first steps by modifying the cadence of our aircraft deliveries through the end of the decade and slowing our capacity growth in the near term."Here is what's going on with the Spirit-JetBlue merger in 2023 Christie also touched upon Spirit's planned merger with JetBlue (JBLU) - Get Free Report, which is currently being challenged by the Department of Justice on antitrust grounds. While Spirit shareholders approved JetBlue's $3.6 billion bid for the low-cost airline in October 2022, concerns around the merger have to do with JetBlue's plans to increase airfare with the ultra-budget airline by as much as 40% while leaving travelers with fewer competitors to choose from. The trial is set to begin on Oct. 31 and, in announcing the earnings, Christie said that a merged airline would still be "a viable competitor" to the other options out there. To prove how it plans to enable competition, JetBlue had previously agreed to sell some of its assets at Boston International Airport and Newark Liberty airports to low-cost airline Allegiant (ALGT) - Get Free Report. "We continue to believe merging with JetBlue and creating a viable competitor to the Big Four US airlines is in the best interest of consumers, Team Members, and shareholders," Christie said. "We are prepared to make the necessary strategic shifts to enable Spirit to compete effectively in this new demand backdrop."
[Read more...](https://www.thestreet.com/travel/spirit-financial-loss-third-quarter-2023)
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Spirit lost a staggering amount of money during the summer period
"Softer demand for our product and discounted fares in our markets led to a disappointing outcome," says CEO Ted Christie.