One way ADT is benefiting from housing market struggles

📆 9/7/2023 6:05 PM
📰 YahooFinanceCA

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High mortgage rates are making people reluctant to sell their homes and buy a new one. It's something that is helping ADT keep customers. ADT President and CEO Jim DeVries sits down with Yahoo Finance Executive Editor Brian Sozzi at the Goldman Sachs Communacopia & Technology Conference to discuss how the company is being impacted by the challenged housing market. DeVries explains that “when relocations are down, our base is stickier. Fewer relocations is a headwind from a gross add perspective, but from a customer retention perspective, it helps us a great deal.” DeVries notes that ADT (ADT) is at “a 12.5 percent attrition on a trailing 12-month basis. Never in our history have we been as low as 12.5 percent.” Click here for more of Yahoo Finance's coverage from the Goldman Sachs Communacopia tech conference.

Jack Nicholson took us inside his house and what we saw there left us looking for wordsThe Canadian PressDonald's Trump's Truth Social got a lifeline this week after a blank-check company that could infuse the social media platform with cash agreed to extend a critical deadline for a year. Digital World Acquisition Corp.

Digital World shareholders, who have agreed to extend the deadline four times already, agreed to do so again thFederal Finance Minister Chrystia Freeland issued a rare public response to the Bank of Canada's interest rate decision on Wednesday."The Bank of Canada's decision to maintain its overnight interest rate is welcome relief for Canadians," said Freeland in a media statement. She also made a point of reasserting the central bank's independence.

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