GameStop to close up to 200 stores by year’s end

GameStop is planning to close between 180 and 200 underperforming stores by the end of its fiscal year. The announcement Tuesday came after the company posted dismal fiscal second quarter earnings after the bell that missed analysts’ expectations and slashed its same-store sales forecast for the year. It said it now expects same-store sales to fall in the low teens, compared with previous expectations of a decrease between 5% and 10%. “Optimizing our store base for an increasingly digital world


GameStop is planning to close between 180 and 200 underperforming stores by the end of its fiscal year. The announcement Tuesday came after the company posted dismal fiscal second quarter earnings after the bell that missed analysts’ expectations and slashed its same-store sales forecast for the year. It said it now expects same-store sales to fall in the low teens, compared with previous expectations of a decrease between 5% and 10%. “Optimizing our store base for an increasingly digital world
GameStop to close up to 200 stores by year’s end Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: jasmine wu
Keywords: news, cnbc, companies, end, company, fiscal, yearthe, sales, stores, earnings, gamestop, 200, expectations, close, analysts, yearit, samestore


GameStop to close up to 200 stores by year's end

GameStop is planning to close between 180 and 200 underperforming stores by the end of its fiscal year.

The announcement Tuesday came after the company posted dismal fiscal second quarter earnings after the bell that missed analysts’ expectations and slashed its same-store sales forecast for the year.

It said it now expects same-store sales to fall in the low teens, compared with previous expectations of a decrease between 5% and 10%. The company’s stock was down 11.1% to $4.52 midafternoon Wednesday. The shares have fallen more than 60% year to date.

“Optimizing our store base for an increasingly digital world is essential for the future and increasing the profit productivity,” CEO George Sherman said on an earnings call with analysts Tuesday. But he also said the company has the “opportunity to do even better and expand profitability” by reducing the number of stores in some markets.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: jasmine wu
Keywords: news, cnbc, companies, end, company, fiscal, yearthe, sales, stores, earnings, gamestop, 200, expectations, close, analysts, yearit, samestore


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Dow futures jump more than 200 points

U.S. stock index futures were higher Wednesday morning. ET, Dow futures rose 204 points, indicating a positive open of more than 203 points. The Caixin/Markit Services Purchasing Managers’ Index (PMI) came in at 52.1 in August — its highest reading since May. It marked the latest escalation in a long-running trade war between the world’s two largest economies. It prompted the new prime minister to announce he would immediately push for a snap election.


U.S. stock index futures were higher Wednesday morning. ET, Dow futures rose 204 points, indicating a positive open of more than 203 points. The Caixin/Markit Services Purchasing Managers’ Index (PMI) came in at 52.1 in August — its highest reading since May. It marked the latest escalation in a long-running trade war between the world’s two largest economies. It prompted the new prime minister to announce he would immediately push for a snap election.
Dow futures jump more than 200 points Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: sam meredith
Keywords: news, cnbc, companies, services, dow, trade, 200, minister, growth, prime, index, worlds, points, pmi, jump, futures


Dow futures jump more than 200 points

U.S. stock index futures were higher Wednesday morning.

At around 03:00 a.m. ET, Dow futures rose 204 points, indicating a positive open of more than 203 points. Futures on the S&P and Nasdaq were both higher.

The moves in pre-market trade come after a report showed growth in China’s services sector had expanded at its fastest rate in three months in August, despite broader economic headwinds.

The Caixin/Markit Services Purchasing Managers’ Index (PMI) came in at 52.1 in August — its highest reading since May. The 50-mark in PMI readings separates growth and contraction.

At the start of the month, the U.S. and China imposed new tariffs on one another’s goods. It marked the latest escalation in a long-running trade war between the world’s two largest economies.

Meanwhile, in Europe, a cross-party alliance of rebel lawmakers defeated British Prime Minister Boris Johnson in parliament on Tuesday, moving to prevent him from taking the country out of the European Union without a formal agreement on October 31.

It prompted the new prime minister to announce he would immediately push for a snap election.

Sterling has since pared some of its recent losses against the U.S. dollar. The U.K. currency edged up 0.2% to climb above $1.21 Wednesday morning, after falling to its lowest level since October 2016 in the previous session.


Company: cnbc, Activity: cnbc, Date: 2019-09-04  Authors: sam meredith
Keywords: news, cnbc, companies, services, dow, trade, 200, minister, growth, prime, index, worlds, points, pmi, jump, futures


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Dow futures fall more than 200 points after new US-China trade tariffs take effect

U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, batterin


U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, batterin
Dow futures fall more than 200 points after new US-China trade tariffs take effect Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: sam meredith
Keywords: news, cnbc, companies, points, futures, china, fall, dow, trade, effect, goods, uschina, latest, anothers, imposed, tariffs, 200, lower


Dow futures fall more than 200 points after new US-China trade tariffs take effect

U.S. stock index futures were sharply lower Tuesday morning, after the world’s two largest economies began imposing new tariffs on one another’s goods.

At around 03:20 a.m. ET, Dow futures fell 234 points, indicating a negative open of more than 235 points. Futures on the S&P and Nasdaq were both lower. The moves in pre-market trade come after investors observed a market holiday on Monday.

The U.S. imposed 15% tariffs on a variety of Chinese goods on Sunday, while China imposed new charges on U.S. products from September 1. It marked the latest escalation in their long-running trade war.

The U.S. and China have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

President Donald Trump has said officials from both sides were still planning to meet later this month, despite rising tensions.

On Monday, Beijing filed a complaint against Washington at the World Trade Organization over U.S. import duties. China claimed the latest round of tariffs violated a consensus reached by leaders of both countries in Osaka, Japan.


Company: cnbc, Activity: cnbc, Date: 2019-09-03  Authors: sam meredith
Keywords: news, cnbc, companies, points, futures, china, fall, dow, trade, effect, goods, uschina, latest, anothers, imposed, tariffs, 200, lower


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Google shutters more than 200 YouTube channels amid Hong Kong protests

Pompeo says the US message on Huawei is clear. Trump’s words say…U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade…Technologyread more


Pompeo says the US message on Huawei is clear. Trump’s words say…U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade…Technologyread more
Google shutters more than 200 YouTube channels amid Hong Kong protests Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jennifer elias
Keywords: news, cnbc, companies, words, kong, google, trumps, protests, huawei, tradetechnologyread, channels, secretary, youtube, wanzhou, 200, shutters, mike, hong, amid, state, pompeo, sayus


Google shutters more than 200 YouTube channels amid Hong Kong protests

Pompeo says the US message on Huawei is clear. Trump’s words say…

U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade…

Technology

read more


Company: cnbc, Activity: cnbc, Date: 2019-08-22  Authors: jennifer elias
Keywords: news, cnbc, companies, words, kong, google, trumps, protests, huawei, tradetechnologyread, channels, secretary, youtube, wanzhou, 200, shutters, mike, hong, amid, state, pompeo, sayus


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The CEOs of nearly 200 companies just said shareholder value is no longer their main objective

Shareholder value is no longer the main focus of some of America’s top business leaders. The Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement Monday with a new definition of the “purpose of a corporation.” “We commit to deliver value to all of them, for the future success of our companies, our communities and our country.” “The American dream is alive, but fraying,” said Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. and chairman of


Shareholder value is no longer the main focus of some of America’s top business leaders. The Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement Monday with a new definition of the “purpose of a corporation.” “We commit to deliver value to all of them, for the future success of our companies, our communities and our country.” “The American dream is alive, but fraying,” said Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. and chairman of
The CEOs of nearly 200 companies just said shareholder value is no longer their main objective Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, serves, dimon, roundtable, corporations, 200, companies, longer, communities, investing, shareholder, value, business, main, objective, nearly, purpose, statement, ceos


The CEOs of nearly 200 companies just said shareholder value is no longer their main objective

Shareholder value is no longer the main focus of some of America’s top business leaders.

The Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement Monday with a new definition of the “purpose of a corporation.”

The re-imagined idea of a corporation drops the age-old notion that corporations function first and foremost to serve their shareholders and maximize profits. Rather, investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities are now at the forefront of American business goals, according to the statement.

“While each of our individual companies serves its own corporate purpose, we share a fundamental commitment to all of our stakeholders,” said the statement, which signed by 181 CEOs. “We commit to deliver value to all of them, for the future success of our companies, our communities and our country.”

“The American dream is alive, but fraying,” said Jamie Dimon, chairman and CEO of JPMorgan Chase & Co. and chairman of Business Roundtable, in a press release.

Along with Dimon, the statement also received signatures from chiefs Jeff Bezos, Tim Cook, Brian Moynihan, Dennis A. Muilenburg, Mary Barra and many more.

“Major employers are investing in their workers and communities because they know it is the only way to be successful over the long term. These modernized principles reflect the business community’s unwavering commitment to continue to push for an economy that serves all Americans,” said Dimon.

Here is the full Business Roundtable statement.


Company: cnbc, Activity: cnbc, Date: 2019-08-19  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, serves, dimon, roundtable, corporations, 200, companies, longer, communities, investing, shareholder, value, business, main, objective, nearly, purpose, statement, ceos


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Netflix just spent $200 million for ‘Game of Thrones’ creators, but the cost could be greater

Executive Creators and Producers of “Game of Thrones”, David Benioff, George R. R. Martin and D.B Weiss attend the “Game Of Thrones” Season 8 NY Premiere on April 3, 2019 in New York City. Jeff Kravitz | FilmMagic, Inc | Getty Images”Game of Thrones” showrunners David Benioff and D.B. Weiss are leaving HBO for a $200 million paycheck from rival streaming service Netflix. These costs come as Netflix is expected to report $20.2 billion in revenue in 2019, according to analysts surveyed by Refiniti


Executive Creators and Producers of “Game of Thrones”, David Benioff, George R. R. Martin and D.B Weiss attend the “Game Of Thrones” Season 8 NY Premiere on April 3, 2019 in New York City. Jeff Kravitz | FilmMagic, Inc | Getty Images”Game of Thrones” showrunners David Benioff and D.B. Weiss are leaving HBO for a $200 million paycheck from rival streaming service Netflix. These costs come as Netflix is expected to report $20.2 billion in revenue in 2019, according to analysts surveyed by Refiniti
Netflix just spent $200 million for ‘Game of Thrones’ creators, but the cost could be greater Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: sarah whitten
Keywords: news, cnbc, companies, game, creators, spent, 200, tv, cimino, greater, billion, netflix, million, thrones, weiss, benioff, worth, cost


Netflix just spent $200 million for 'Game of Thrones' creators, but the cost could be greater

Executive Creators and Producers of “Game of Thrones”, David Benioff, George R. R. Martin and D.B Weiss attend the “Game Of Thrones” Season 8 NY Premiere on April 3, 2019 in New York City. Jeff Kravitz | FilmMagic, Inc | Getty Images

“Game of Thrones” showrunners David Benioff and D.B. Weiss are leaving HBO for a $200 million paycheck from rival streaming service Netflix. The deal is one of many that Netflix has made in the last year to bring in top-tier talent to make TV shows and films exclusive to the platform to better compete with rival streaming services like Hulu and Amazon Prime as well as up-and-coming ones like Disney+ and Comcast’s yet-to-be-named service. However, analysts wonder if these deals are worth the money for Netflix. Netflix has been burning through cash for the last decade, signing names like Guillermo del Toro ( “Shape of Water”), Ryan Murphy (“Glee”) and Shonda Rhimes (“Grey’s Anatomy”). Last year, Netflix shelled out more than $12 billion to purchase, license and produce content. This year, that figure will rise to $15 billion. It will spend $2.9 billion more on marketing. These costs come as Netflix is expected to report $20.2 billion in revenue in 2019, according to analysts surveyed by Refinitiv.

While Benioff and Weiss were the shepherds of the Emmy Award-winning “Game of Thrones,” there has been criticism about their writing on the show in later seasons, when the pair no longer had author George R. R. Martin’s source material to work from. “Either [Benioff and Weiss] are the next Steven Spielberg or they are the next Michael Cimino,” Wedbush analyst Michael Pachter said. While Spielberg has continued to thrive in the industry, Cimino famously wrote and directed “Heaven’s Gate,” a film that flopped so badly at the box office it caused Transamerica to shutter its film production and sell its studio to MGM. This was just two years after Cimino made the Academy Award-winning “Deer Hunter.” “I’d say somewhere in between,” Pachter said. “They might be good enough to justify the price, but they might not be. Remember, they still have to produce something, and if it’s not great, it isn’t worth it.” And that’s been an issue for Netflix. While someone like Murphy, whom they paid a reported $300 million for a five-year contract, has said he has 10 greenlit projects in the pipeline for Netflix — three documentaries, four TV shows and three movies — only one has been given a release date. “The Politician” is an eight-episode show about the lengths the super rich will go to stay on top, including paying to get their children into elite colleges. The show, whose premise predates the college cheating scandal, is due out at the end of September.

“Stranger Things” season three picks up in the summer of 1985. The Hawkins crew are on the cusp of adulthood and faced with enemies old and new. Netflix


Company: cnbc, Activity: cnbc, Date: 2019-08-09  Authors: sarah whitten
Keywords: news, cnbc, companies, game, creators, spent, 200, tv, cimino, greater, billion, netflix, million, thrones, weiss, benioff, worth, cost


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Security start-up Cybereason raises $200 million from Japan’s SoftBank

Boston-based online security start-up Cybereason said on Tuesday it raised $200 million in fresh funds from Japan’s SoftBank Group Corp and its affiliates. That brings the total amount of funds the start-up raised to $400 million since it was founded in 2012. The new funds will be used to “grow our global expansion with our partner community,” the CEO and co-founder of Cybereason, Lior Div, told CNBC. The start-up is headquartered in Boston and has offices in Tel Aviv, Tokyo, London, and Sydney


Boston-based online security start-up Cybereason said on Tuesday it raised $200 million in fresh funds from Japan’s SoftBank Group Corp and its affiliates. That brings the total amount of funds the start-up raised to $400 million since it was founded in 2012. The new funds will be used to “grow our global expansion with our partner community,” the CEO and co-founder of Cybereason, Lior Div, told CNBC. The start-up is headquartered in Boston and has offices in Tel Aviv, Tokyo, London, and Sydney
Security start-up Cybereason raises $200 million from Japan’s SoftBank Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, tokyo, security, japans, raises, total, told, valuationthe, funds, cybereason, million, raised, startup, 200, softbank, used


Security start-up Cybereason raises $200 million from Japan's SoftBank

Boston-based online security start-up Cybereason said on Tuesday it raised $200 million in fresh funds from Japan’s SoftBank Group Corp and its affiliates.

That brings the total amount of funds the start-up raised to $400 million since it was founded in 2012. Other backers include Lockheed Martin, CRV and Spark Capital. Cybereason did not disclose its valuation.

The new funds will be used to “grow our global expansion with our partner community,” the CEO and co-founder of Cybereason, Lior Div, told CNBC. The start-up is headquartered in Boston and has offices in Tel Aviv, Tokyo, London, and Sydney as well as a presence in all continents.

Div added that Cybereason would also invest in research and development, and look at potential acquisition opportunities in order to stay “one step ahead of hackers.”


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, tokyo, security, japans, raises, total, told, valuationthe, funds, cybereason, million, raised, startup, 200, softbank, used


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Walgreens to close 200 US stores

Walgreens plans to shutter 200 stores in the U.S. as the company pares back its locations in the U.K., the company said Tuesday. Parent company Walgreens Boots Alliance earlier this year announced plans to shutter 200 stores in the U.K. and review its U.S. footprint. The new store closures represent less than 3% of its 10,000 locations in the U.S., Walgreens said in a statement, adding that it anticipates “minimal disruption to customers and patients.” Walgreens said it hopes to save $1.5 billio


Walgreens plans to shutter 200 stores in the U.S. as the company pares back its locations in the U.K., the company said Tuesday. Parent company Walgreens Boots Alliance earlier this year announced plans to shutter 200 stores in the U.K. and review its U.S. footprint. The new store closures represent less than 3% of its 10,000 locations in the U.S., Walgreens said in a statement, adding that it anticipates “minimal disruption to customers and patients.” Walgreens said it hopes to save $1.5 billio
Walgreens to close 200 US stores Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: angelica lavito
Keywords: news, cnbc, companies, anticipates, plans, 200, walgreens, billion, locations, stores, company, uk, close, shutter


Walgreens to close 200 US stores

Walgreens plans to shutter 200 stores in the U.S. as the company pares back its locations in the U.K., the company said Tuesday.

Parent company Walgreens Boots Alliance earlier this year announced plans to shutter 200 stores in the U.K. and review its U.S. footprint.

The new store closures represent less than 3% of its 10,000 locations in the U.S., Walgreens said in a statement, adding that it anticipates “minimal disruption to customers and patients.” It said it anticipates retaining “the majority” of employees in other nearby locations.

Walgreens said it hopes to save $1.5 billion in annual expenses by fiscal 2022 in what it’s calling the “transformational cost management program.” Walgreens expects to record a $1.9 billion to $2.4 billion earnings hit related to real estate, severance and other costs, it said in a regulatory filing.


Company: cnbc, Activity: cnbc, Date: 2019-08-06  Authors: angelica lavito
Keywords: news, cnbc, companies, anticipates, plans, 200, walgreens, billion, locations, stores, company, uk, close, shutter


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Snap’s stock is up more than 200% from its low and is a huge winner in 2019

The stock price has more than tripled since hitting a record low of $4.99 on Dec. 21, closing at $15.61 on Friday. Within the U.S., Snapchat can reach between 30 million and 31.2 million users ages 18 to 24, according to the company’s ads manager tool. By comparison, Facebook’s reach among the same demographic is between 25 million and 30 million users, according to its Audience Insights tool. Snap’s reach expands further for advertisers who want to target even younger users. Brands have also us


The stock price has more than tripled since hitting a record low of $4.99 on Dec. 21, closing at $15.61 on Friday. Within the U.S., Snapchat can reach between 30 million and 31.2 million users ages 18 to 24, according to the company’s ads manager tool. By comparison, Facebook’s reach among the same demographic is between 25 million and 30 million users, according to its Audience Insights tool. Snap’s reach expands further for advertisers who want to target even younger users. Brands have also us
Snap’s stock is up more than 200% from its low and is a huge winner in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: salvador rodriguez
Keywords: news, cnbc, companies, 2019, company, 200, reach, snap, snaps, winner, low, stock, ar, huge, users, million, advertisers, snapchat, price


Snap's stock is up more than 200% from its low and is a huge winner in 2019

Evan Spiegel, co-founder and chief executive officer of Snap Inc., stands on the floor of the New York Stock Exchange during the company’s initial public offering on Thursday, March 2, 2017. Michael Nagle | Bloomberg | Getty Images

After a rough two years following its IPO, Snap is trading within shouting distance of its $17 debut price from March 2017. While hardly cause for celebration, considering a generic bet on the S&P 500 would’ve returned 25% during that same period, it’s quite a turnaround for a company that spent the bulk of last year in free fall, as users fled the Snapchat app and losses mounted. Snap has since abandoned its effort to cater to everybody, and renewed its focus on young users, which remain a strength for the company and an area where it has a clear advantage over rival Facebook. Advertisers are finding more ways to reach those users and now have better tools to track their campaigns. Investors are rewarding the company in a big way. The stock price has more than tripled since hitting a record low of $4.99 on Dec. 21, closing at $15.61 on Friday. The shares are up 183% this year, trouncing every member of the S&P 500, whose top performer, Advanced Micro Devices, is up 80% in 2019. “We believe product improvements and feature additions are driving positive trends in user growth and engagement that, along with monetization improvement from ad tech initiatives, should drive upside to consensus estimates,” wrote Goldman Sachs analysts, in a note to clients on Friday. They raised their rating to buy from neutral and boosted their 12-month price target to $18 from $13. Other investment banks have made similar moves. Bank of America on Thursday raised its price target for Snap to $17 from $12, and last month BTIG increased its share price prediction to $20 from $15.

‘It feels different’

Analysts and advertisers pointed to three main reasons for Snap’s reversal: Renewed focus on Gen Z users (those born roughly between 1995 and 2009)

Innovation in augmented reality (AR) technology

Maturation of its advertising business “It feels different, it feels good, it feels grown up but still authentic to them,” said Travis Freeman, executive vice president of media for ad agency VaynerMedia, an advertising agency. “It’s good vibes.” Freeman said his agency boosted spending on Snap by about 20% in the first half of the year from the same period in 2018. Snap still faces massive challenges. It’s losing hundreds of millions of dollars a quarter, including $310 million in the latest period, as it pumps money into research and development, while fellow consumer internet companies Google and Facebook have some of the fattest profit margins on the planet. Analysts are projecting substantial losses in the coming quarters. Even after the stock’s huge rally this year, its remains 8% below the IPO price from 2017. But optimism about Snap’s future is unquestionably on the rise, and much of that is attributable to CEO Evan Spiegel’s renewed focus on serving its core audience: the youth. Back in November 2017, Spiegel called out the company’s need to gain adoption with users 34 and older. That plan didn’t work, and Snap saw its user growth begin to shrink from 191 million daily active users in May 2018 to 186 million in October.

Snapchat, with its silly features for editing and enhancing photos, has always been better suited for younger users, and the company has come to grips with that. Within the U.S., Snapchat can reach between 30 million and 31.2 million users ages 18 to 24, according to the company’s ads manager tool. By comparison, Facebook’s reach among the same demographic is between 25 million and 30 million users, according to its Audience Insights tool. Snap’s reach expands further for advertisers who want to target even younger users. According to its ads manager tool, Snap can reach 48.4 million U.S. users between the ages of 13 and 24. “There is no questioning the fact that, in Gen Z, Snapchat has an incredibly strong, dominant footprint,” said Meghan Myszkowski, vice president of social activation for Essence, an advertising agency. “If advertisers want to reach Gen Z, they have to have Snap as a part of their mix.” Those younger users typically don’t have the purchasing power of older consumers who are more commonly in the workforce. While that limits Snap’s average revenue per user, advertisers are recognizing the importance of getting the youth familiar with their brands, said Carter Henderson, portfolio specialist for Fort Pitt Capital Group, which oversees $2.5 billion in assets. “The demographics Snap attracts will be the price setters of the future and investors are paying for this future growth,” said Henderson. Advertisers are particularly excited about Snap’s AR technology, which has led to improved engagement with users by letting them have fun with selfies and group photos. In 2019, Snap replicated the past success of its puppy face and rainbow lenses with a gender swap lens that showed users what they’d look like as a person of the opposite sex and a baby face lens that showed them as babies. Facebook mimicked Snapchat, adding AR lenses to its Stories feature and on Instagram, but Snap’s filters and enhancements have gone more viral. “The gender swap filter got a lot of attention and really took off,” said Noah Mallin, managing partner of media agency Wavemaker. “That’s a good sign of health that people are actively using the platform, and it points to one of the strengths Snap has: they’re still the leader when it comes to AR.” Brands have also used Snap’s AR technology to promote their products. In April, HBO teamed up with Snap to create a lens that allowed users to see one of the dragons from “Game of Thrones” land on the Flatiron Building in New York. And in June, Gatorade worked with Snapchat to create an AR experience built around the company’s “Every Day is Your Day” short film. The effort was part of Gatorade’s video-everywhere marketing strategy, which has lifted its digital ad spend to 46% of the total media budget, up from 35% in 2018. The bulk of that spending is going to advertising on Instagram, YouTube and Snapchat, the company said. “As a partner, Snapchat is always pushing boundaries to reach audiences in new and innovative ways,” said Jill Abbott, Gatorade’s head of consumer and athlete engagement, in an email.

Maturing as a company


Company: cnbc, Activity: cnbc, Date: 2019-07-13  Authors: salvador rodriguez
Keywords: news, cnbc, companies, 2019, company, 200, reach, snap, snaps, winner, low, stock, ar, huge, users, million, advertisers, snapchat, price


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Dow rallies 200 points to close above 27,000 for the first time ever

The 30-stock average broke above 27,000 for the first time in its history, rising 227.88 points, or 0.9% to 27,088.08. The Dow first closed above 26,000 in January of 2018, so it’s been a little more than a year-and-half trek between 1,000 point moves. Microsoft has been the best-performing Dow stock since the index’s first close above 26,000, surging around 50% in that time. The S&P 500 also posted a record close, rising 0.2% to 2,999.91. The S&P 500 made its own milestone on Wednesday when it


The 30-stock average broke above 27,000 for the first time in its history, rising 227.88 points, or 0.9% to 27,088.08. The Dow first closed above 26,000 in January of 2018, so it’s been a little more than a year-and-half trek between 1,000 point moves. Microsoft has been the best-performing Dow stock since the index’s first close above 26,000, surging around 50% in that time. The S&P 500 also posted a record close, rising 0.2% to 2,999.91. The S&P 500 made its own milestone on Wednesday when it
Dow rallies 200 points to close above 27,000 for the first time ever Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: fred imbert, thomas franck
Keywords: news, cnbc, companies, dow, close, powell, 200, cut, rallies, 27000, testimony, week, sp, points, record, rising, shares, trade


Dow rallies 200 points to close above 27,000 for the first time ever

The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell this week that signaled easier monetary policy could be implemented later this month.

The 30-stock average broke above 27,000 for the first time in its history, rising 227.88 points, or 0.9% to 27,088.08. The Dow first closed above 26,000 in January of 2018, so it’s been a little more than a year-and-half trek between 1,000 point moves. The gains were largely driven by expectations the Fed will cut rates, insulating the market from a slowing economy and a trade battle with China.

Microsoft has been the best-performing Dow stock since the index’s first close above 26,000, surging around 50% in that time. Visa, Cisco Systems and Nike are also up sharply since then.

“This week solidified the fact that the market doesn’t need, it doesn’t want, it’s demanding a rate cut from Powell,” said Jeff Kilburg, CEO of KKM Financial. “I do have a little bit of caution going into the earnings season because we have some forward-guidance uncertainty with the trade tensions, but the wind in the sails continues to be that dovish stance from Powell.”

The S&P 500 also posted a record close, rising 0.2% to 2,999.91. The S&P 500 made its own milestone on Wednesday when it traded above 3,000 for the first time ever. The Nasdaq Composite slipped 0.1% to 8,196.04.

UnitedHealth shares surged more than 5% after the White House dropped a proposal to eliminate drug rebates. CVS Health and Cigna also jumped on the news, gaining 4.7% and 9.2%, respectively.

Delta Air Lines rose 1.1% on better-than-expected earnings.

In testimony to the House Financial Services Committee on Wednesday, Powell said business investments across the U.S. have slowed “notably” recently as uncertainties over the economic outlook linger. As a result, expectations of an upcoming rate cut grew.


Company: cnbc, Activity: cnbc, Date: 2019-07-11  Authors: fred imbert, thomas franck
Keywords: news, cnbc, companies, dow, close, powell, 200, cut, rallies, 27000, testimony, week, sp, points, record, rising, shares, trade


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