Share to Twitter Share to Linkedin Expedia (NASDAQ: EXPE) , a travel company providing everything from airline tickets, hotel rooms, and car rentals, to cruises, is scheduled to announce its fiscal fourth-quarter results on Thursday, February 9. We expect Expedia’s stock to likely see little to no movement due to revenues beating consensus estimates but earnings missing marginally. The company is benefiting from strong travel demand that has remained resilient despite macro headwinds. The B2B segment has outperformed Expedia’s retail side in terms of growth, while also driving margins higher. We expect this momentum to continue into Q4 as well. While the company did not provide any financial guidance, management projects that strong demand has continued into Q4 as consumers prioritize travel over other discretionary categories. It also said that bookings for 2023 were outpacing 2019 levels. Our forecast indicates that Expedia’s valuation is $120 per share, … [Read more...] about Expedia Stock To Likely See Little Movement Post Q4
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‘Unacceptable’: GOP Reps, Defense Experts Raise Red Flags Over Pentagon’s Reliance On China For Critical Minerals
Congress and defense experts warned that reliance on China, including for critical mineral processing, is undermining defense companies’ ability to produce the weapons the Pentagon asks for at a hearing on Wednesday. The defense industrial base — firms that make weapons and equipment for the U.S. Department of Defense (DOD) — have struggled to overcome deepening supply chain setbacks that grew more severe during the COVID-19 pandemic. At the same time, China is not only rapidly modernizing its own military but dominating critical supply chains the U.S. weapons industry depends on to meet the Pentagon’s demands, lawmakers and industry representatives said Wednesday. (RELATED: US Relies On One Country For Key Materials In Defense Production — But There’s A Problem) “ Today, t here is a mismatch between what our national strategies aim to achieve and how our defense industrial base is postured,” David Norquist, president of the National Defense Industrial … [Read more...] about ‘Unacceptable’: GOP Reps, Defense Experts Raise Red Flags Over Pentagon’s Reliance On China For Critical Minerals
How Oracle Red Bull Racing Walked Away From Porsche And Ford Stepped In
Share to Twitter Share to Linkedin As questions surrounded equity control of Oracle Red Bull’s Formula 1 team, and changes to sustainability for the racing series are set to take a larger role, Porsche fell by the wayside, and Ford decided to make their return to the sport after a 22-year absence. It’s not often that one can say, “When a door closes, another door closes which leads to a door opening,” but that may best describe what has happened with consecutive F1 driver championships in 2021-22 and 2022 constructor champion Oracle Red Bull Racing. A seismic shift has occurred with those supplying powertrains in F1 as an increase in renewable technology continues to dramatically alter the consumer automotive market. In 2021, Honda left primary support for Red Bull as they moved away from combustion engines. Honda has pledged to be carbon-neutral by 2050. With not just Honda but others seeking to increase battery technology, and other renewable … [Read more...] about How Oracle Red Bull Racing Walked Away From Porsche And Ford Stepped In
Boeing’s New Customer Driven Supply Chain
Share to Twitter Share to Linkedin Back in December the appointment of Ihssane Mounir as Boeing Commercial Airplanes’ new SVP of Supply Chain XCN2 & Fabrication caught my eye for one reason: he truly knows the customer. Who Better to Reinvent Commercial Aircraft Delivery? Although hired as an aerodynamics engineer in 1997, most of Mounir’s Boeing career has been in sales and marketing. This includes not only “ stealing the Paris Air Show ” in 2019 from rival Airbus with a huge order from British Airways and driving the company’s sales back after the 737MAX crisis, but also helping guide Boeing’s airline customers through the travel rollercoaster of COVID. His success as SVP of Commercial Sales & Marketing for six incredibly tumultuous years proves that he can solve complex problems with a rare combination of customer-centric thinking and operational chops. The timing is critical too, as commercial air travel is rebounding strongly, … [Read more...] about Boeing’s New Customer Driven Supply Chain
Broken Synapse: Why Employees And Customers Are Fleeing This Andreessen-Backed Fintech Startup
Inside the chaos at Synapse, where questionable management tactics by CEO Sankaet Pathak have left the company with its future in jeopardy. I n July 2019, the 29-year-old CEO of San Francisco financial technology startup Synapse scolded five of his engineers for not making faster progress. “Do you even enjoy this project?” Sankaet Pathak asked. “Not really,” the team’s leader answered. “That’s it, you’re out,” Pathak declared, firing the employee on the spot in front of his colleagues. Synapse’s Human Resources director, Juan Aguayo, confiscated the terminated worker’s key card and computer. But as Aguayo spoke, he received a message on his laptop, and his tone started to change. Minutes later, he said to the engineer, who was now crying, “Don’t worry, you’re not fired.” The dazed, confused employee went back to his desk. Pathak never spoke to him about the incident again, acting like it never happened. The engineer started looking for a new job the following week … [Read more...] about Broken Synapse: Why Employees And Customers Are Fleeing This Andreessen-Backed Fintech Startup
Fintechs Say They Can Speed Up The Stimulus, If The Government Just Lets Them
Share to Twitter Share to Linkedin As the U.S. government tries to soften the blow of the coronavirus and prepares to send $1,200 to millions of Americans , fintech CEOs have stormed Twitter with messages for lawmakers. “The technology exists to get money to most people today (even to those without bank accounts). Square and many of our peers can get it done. US government: let us help,” Square CEO Jack Dorsey said on March 26. Twenty minutes later, Plaid CEO Zach Perret chimed in , “Let fintech help.” Payroll processing company Gusto spoke up the next day, writing , “We're urging the U.S. government to partner with payroll platforms so we can create an instant pipeline to get relief funds to small businesses—within 24 hours.” Fintech companies have built fast, nimble systems for moving money. But the reality of how these government partnerships might work is much more complicated and requires a close look at the details. For … [Read more...] about Fintechs Say They Can Speed Up The Stimulus, If The Government Just Lets Them