DIRS.INFO The most relevant business & tech news

☆ Carvana expects to achieve adjusted profit sooner than expected amid restructuring; shares surge
▼ + stars: | 2023-05-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

The company's stock fell roughly 98% last year as it overspent to gain sales and increase vehicle inventory amid weakening demand. The company last year announced plans to achieve a positive adjusted EBITDA this year, however pulled that guidance due to "current industry and macroeconomic conditions." Carvana last reported a positive adjusted EBITDA of $20 million during the third quarter of 2021. Given our strong start to the year, we expect to achieve positive adjusted EBITDA in Q2 2023," Carvana CEO Ernie Garcia said in an earnings release. For the first quarter, Carvana reported a net loss of $286 million, down from a loss of $506 million a year earlier.

REUTERS/Alyssa PointerLOS ANGELES, May 1 (Reuters) - Negotiators for Hollywood writers and film and television studios engaged in 11th-hour contract talks on Monday to try and avert a strike that would disrupt TV production across an industry grappling with seismic changes. The Writers Guild of America could call a work stoppage as early as Tuesday if it cannot reach a deal with companies such as Walt Disney Co (DIS.N) and Netflix Inc (NFLX.O). Writers say they have suffered financially during the streaming TV boom, in part due to shorter seasons and smaller residual payments. Half of TV series writers now work at minimum salary levels, compared with one-third in the 2013-14 season, according to Guild statistics. The WGA wants safeguards to prevent studios from using AI to generate new scripts from writers' previous work.

LOS ANGELES, May 1 (Reuters) - Negotiators for Hollywood writers and film and television studios engaged in 11th-hour contract talks on Monday to try and avert a strike that would disrupt TV production across an industry grappling with seismic changes. Writers say they have suffered financially during the streaming TV boom, in part due to shorter seasons and smaller residual payments. Half of TV series writers now work at minimum salary levels, compared with one-third in the 2013-14 season, according to Guild statistics. The WGA wants safeguards to prevent studios from using AI to generate new scripts from writers' previous work. The last WGA strike in 2007 and 2008 lasted 100 days.

Iger said he would reorganize the company into three segments: an entertainment unit that encompasses film, television and streaming; a sports-focused ESPN unit; and Disney parks, experiences and products. "This reorganization will result in a more cost-effective, coordinated approach to our operations," Iger told analysts on a conference call. Disney earlier reported its first quarterly decrease in subscriptions for its Disney+ streaming media unit which lost more than $1 billion. Now, Iger will seek to put Disney's streaming business on a path to growth and profitability. It reorganized its business in 2018 to accelerate the growth of its streaming business, and again in 2020, to further spur streaming's growth.

☆ How to cure a holiday debt hangover
▼ + stars: | 2023-01-24 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

Some call it the “holiday debt hangover,” and this year seems much worse than most. Some other worrisome findings: A quarter of people say they already regret their holiday purchases. “When people go into holiday credit-card debt, it’s not like the expenses stop there,” said Tori Dunlap, author of the new book “Financial Feminist” and founder of the site HerFirst100K.com. Think about shifting that debt over to a card where you will pay 0% for an introductory period. To figure out why you are going into holiday debt, you may have to do that hard emotional work, Dunlap said.

☆ Home Depot's cofounder — who retired in 2002 — says he doesn't want the 'woke generation' leading business because of their 'laziness'
▼ + stars: | 2023-01-20 | by ( Grace Dean | ) www.businessinsider.com time to read: +5 min

Home Depot cofounder Bernie Marcus is adamant he doesn't want the "woke generation" leading business. He told Fox Business that "nobody wants to work anymore" because of "laziness" and government benefits. Home Depot has distanced itself from Marcus, noting he hasn't worked at the company in 20 years. "How do you have a recession when you have people that don't want jobs?," Marcus said during Thursday's interview. "Bernie Marcus retired from The Home Depot more than 20 years ago and does not speak on behalf of the company," Home Depot told Insider in a statement.

☆ Amazon is paying back some ad buyers after a holiday glitch cost them big — but advertisers are upset they aren't getting the right amount back
▼ + stars: | 2023-01-09 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +2 min

Amazon is issuing credits to advertisers who ran holiday campaigns with inaccurate data. Amazon is issuing advertisers makegoods after a holiday glitch caused some marketers to overspend on their campaigns, while others underspent and missed out on holiday sales. Some of those ad buyers said that they've received credits from their campaigns over the past couple of weeks, after requesting makegoods for the campaigns where they overspent. One of them received credits from Amazon that totaled about 10% of the amount overpaid. Sandor suspects the client that received credits got them by having a direct relationship with an Amazon rep.Sandor described Amazon as not been pro-active handing out credits.

Through trial and error, I learned to keep track of my spending and gained valuable experience with money. I still use these lessons today to monitor my spending, keep a budget, and compare prices for the best deals. A $5 bill gave me practical experience with money every dayI used problem-solving skills to make sure my sister and I had enough money for food and beverages without going over our budget. When we asked our mom for more money, she reminded us to use our money more thoughtfully next time. My mother's lessons continue to help me be an informed consumerMy mother's lessons with the $5 bill remain with me today.

☆ Some Amazon advertisers are fuming after a Black Friday glitch cost them up to hundreds of thousands of dollars while others underspent and missed out on sales goals
▼ + stars: | 2022-11-28 | by ( Lauren Johnson | ) www.businessinsider.com time to read: +4 min

Amazon's ad tool inaccurately showed how much advertisers spent on Black Friday campaigns. Ad buyers said the glitch cost them betweens tens of thousands to hundreds of thousands of dollars. The range of overspending varies wildly from tens of thousands of dollars to hundreds of thousands of dollars, the agencies said. Ad buyers often devote up to 80% to 90% of their Amazon ad budgets to these two formats. Another agency source suspects Amazon might decline to give their money back and simply tell advertisers that their overspent ad dollars drove sales.

My husband and I are on track to retire wealthy, but we weren't always smart with our money. Pros Check mark icon A check mark. Low annual fee for investment accounts; crypto trust investments available Check mark icon A check mark. Tax-loss harvesting Check mark icon A check mark. Mobile app and investing and retirement tools Check mark icon A check mark.

☆ F1 seeks answers after Red Bull's cost cap breach
▼ + stars: | 2022-10-11 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

What punishment, if any, the FIA imposes is another question and the process could take time if Red Bull, who reckoned they were within the cost cap limit, contest the findings. The FIA's rules state that "the Cost Cap Adjudication Panel may impose a financial penalty and/or any minor sporting penalties" for a minor overspend. They include a public reprimand, deduction of points from both world championships -- considered unlikely -- a reduction of the cost cap and limitations on aerodynamic and other testing. read more read moreThe previous weekend in Singapore it took hours before the race winner, Verstappen's Mexican team mate Sergio Perez, was made official. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Alan Baldwin, editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ People and businesses are turning more skittish on real estate, including house hunters wary of buyers' remorse and a big US homebuilder that just walked away from 8,800 contracts
▼ + stars: | 2022-09-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

KB Home CEO Jeff Mezger said 35% of buyers canceled purchases last quarter. Relatively high mortgage rates and high prices may make prospective buyers rethink their decisions. One of the largest homebuilders in the US this week blamed a market slowdown on prospective buyers, including itself, getting cold feet. And we really can't control that," Mezger told analysts on the call, according to a Seeking Alpha transcript. Prospective buyers might also be taking their cues from homeowners who have recently taken the plunge.

Our experts choose the best products and services to help make smart decisions with your money (here's how). My husband is a saver and I'm a spender, but in almost a decade of marriage, we've come up with five strategies that help us balance those impulses. We keep a budget and designate a certain amount of spending money for each month, and we review our bank statements and credit card bills together monthly. It takes effort, communication, and help from the best financial advisor, but we've figured out a way to make it work. I'll update him on freelance projects I'm working on and how much money I'm expecting to come in, and he'll highlight (sometimes to my chagrin) ways we've overspent in the last month.

Persons: spender, we've, —, I'm, We've, it's, I'd, It's Organizations: Service

Search resuls for: "overspent"

13 mentions found