News Formal

Customers didn’t stop spending. Companies stopped serving

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 55%

Norge Nyheter Nyheter

Norge Siste Nytt,Norge Overskrifter

When Wall Street traders decide they’ve maxed out the value they can get from a particular sector of the market — tech, say — they’ll often cash out and move their profits into another area. It’s called a sector rotation, and it happens all the time as part of the natural course of a business cycle.

When consumers decide they’ve maxed out the value they can get from the things they typically buy, business leaders tend to view it with alarm — a sign that folks don’t have the money to spend and therefore a recession must be on the horizon. But what if those consumers are just behaving like traders, and finding value elsewhere? On earnings calls in recent weeks, executives have bemoaned the customer “pullback.

And that may reflect some genuine customer pullback, especially among lower-income travelers who may be opting to stay home. At the same time, travelers who recall a time when Airbnbs were reliably cheaper than hotels have been put off by the home rental site’s cleaning and service fees. Hotel chains aren’t seeing quite the same gloom.

 

Takk for kommentaren din. Kommentaren din vil bli publisert etter gjennomgang.
Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

 /  🏆 393. in NO

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

As inflation fury lingers, politicians join customers in pushing companies to cut pricesCompanies like Kroger, Walmart and McDonald’s are getting caught in the political messaging around inflation ahead of the 2024 election.
Kilde: nbcchicago - 🏆 545. / 51 Les mer »

Big Tech stocks dive to halt Wall Street's record-setting rallyWall Street’s record-breaking rally ran into a wall, as worries about potentially worsening trade tensions with China hit stocks of chip companies.
Kilde: latimes - 🏆 11. / 82 Les mer »