Senin, 15 April 2019

Weight Loss Apps Are Forcing Industry To Embrace Digital Alternatives - NPR

Jessica Holloway-Haytcher uses an app that helps her track meals, exercise and keep in touch with an online coach. Mark Rogers Photography hide caption

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Mark Rogers Photography

As they have with so many other industries, apps are shaking up the weight loss business, including big-name companies like Nutrisystem and Weight Watchers. And it's basically because more consumers feel the way Jessica Holloway-Haytcher does.

A couple years ago, she tried diet shakes and supplements. She hated them. She also hired a former NFL player turned personal trainer — but his schedule never matched hers.

She spent $600 a month for programs that weren't sustainable. She says she couldn't keep up with the "astronomical" costs.

Now Holloway-Haytcher uses an app called Noom. (Noom is an NPR sponsor.) She has shed over 30 pounds so far, by changing her habits. She now prepares healthy meals in the morning, so she's not ravenous at night; she focuses on conversation to slow her eating.

The app also helps her track meals, exercise and keep in touch with an online coach. It's always with her, and works with her busy schedule as the owner of a staffing firm in Kennewick, Wash. Sometimes, it even feels as though the app knows what she is thinking.

"It's kind of funny how I'll open the app one day, and it'll be exactly what I'm struggling with is what they're talking about," Holloway-Haytcher says. Like when she stopped losing weight, and got discouraged. "They talked about how that can affect you and how to work through it and then how to work through the negative self-talk that you have," she says.

When it comes to weight loss, 80 percent of people try to do it on their own, says John LaRosa, president of Marketdata, which tracks the $4 billion commercial U.S. weight loss industry. (The overall market — including diet foods and soft drinks, health clubs, weight loss surgery and diet pharmaceuticals — totals about $72 billion.) He says apps like MyFitnessPal, Fitbit and Fooducate appeal to those consumers.

LaRosa says apps have a downside: Users often tire of them, just as they do gym memberships. But the apps are also cheaper than most commercial programs, and they appeal to the younger demographic that traditional chains have struggled to attract.

"The average age of a customer of Jenny Craig, or Nutrisystem or Weight Watchers is about 48, and it's probably going up," LaRosa says. "It's going to be a shrinking market if they just cater to the baby boomers."

That explains why Nutrisystem, which was acquired by Tivity Health last year, revamped its digital strategy. Tivity President Dawn Zier says that included advertising more on social media and redesigning its NuMi app.

"The younger generation is all about being on demand," she says. "[They will say] 'I want the food when I want it; I want to talk to a counselor when I actually have an issue, which may be 10 o'clock on Saturday night.' "

Weight Watchers also overhauled its brand last year, changing its name to WW, which stands for Wellness that Works.

"Three years ago, millennials told us that this was my grandmother's brand," says Debra Benovitz, a senior vice president for WW.

The 56-year-old company shifted gears. It still champions support groups at its retail locations, a concept that made it and Jenny Craig popular in the 1980s. Having physical stores is still WW's biggest difference from upstarts that are exclusively digital.

Benovitz says WW's own app serves to keep customers in touch between, or instead of, those in-person meetings.

"It used to be that we hesitated to even show the app in our commercials, and that has so shifted," she says. "I think the future is being a really strong science-based technology partner in the health and wellness space."

That trend may have started with the younger generation, but has spread beyond it. Favin Gebremariam, 34, of Boston uses WW's app, as does her mother. They chat daily about their weight and exchange photos with other members.

The interactions occur throughout the day, which helps keep Gebremariam on track, she says.

"You get feedback and you get congratulations, or you get support," all of which keep her motivated to stick with the program, she says. Gebremariam also still considers the in-person workshops essential.

But the app fills in the gaps. "We want to track our food and we want to track our activity and check in on our friends, and that's happening on the phone," Gebremariam says.

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https://www.npr.org/2019/04/15/712809955/my-new-diet-is-an-app-weight-loss-goes-digital

2019-04-15 19:05:00Z
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Volkswagen Is Bringing a Pickup Truck’s Worth of Forbidden Fruit to New York to Tease the Hell out of All of Us - Jalopnik

Volkswagen will be bringing their South American market-bound Tarok compact pickup truck to show everyone in New York, and the concept looks to be a pretty clever little pickup truck with some interesting bed and cab design features. The plan is to build it in Brazil for VW’s big customer bases in Brazil and Argentina and other South American countries, but the whole point of showing it in America is to gauge reactions of Americans to a pickup that isn’t absurdly huge. I personally think there’s a demand for that, but I guess we’ll see?

Oh, and even though the name sounds like it could be Spock’s half-brother who has been following whatever the Vulcan equivalent of Phish is for the past year or so, it actually seems to be a reference to the Tarok people of Nigeria. 

The truck is built on the same MQB platform that VW uses for everything from the Golf to the Atlas, so we’re talking a unibody truck here, not a body-on-frame one. It’ll be one of VW’s largest MQB-based vehicles yet, but still relatively compact for the modern truck market, at least in the U.S.

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It’s a double-cab truck, and while that means a stunted bed length, Volkswagen’s designers have done some interesting things here, where they’ve provided a flip-down door in the rear of the cab that, when coupled with the rear seat folding down, effectively makes a longer cargo bed.

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It’s a great idea that adds a lot of flexibility to the truck, though, to be fair, VW didn’t come up with the idea. We’ve seen it before, perhaps most bonkers-ly in the Toyota BB Open Deck, the Japanese-market variant of the Scion xB.

The truck can carry 2,271 pounds, which is pretty decent, especially when you consider that there are some Ford F-150 versions that are rated for much less than that.

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The design of the truck fits well within VW’s current design language, with the wide, horizontal grille slats that continue to outline the headlamps, though I’m not expecting the illuminated grille bars or badge to make it to production. Otherwise, this concept seems very production-ready.

Mechanically, the truck will have VW’s 1.4-liter four making a decent 147 horsepower, and full-time all-wheel drive. As the press release claims, it should be decent off-road, too:

To demonstrate the vehicle’s off-road ability, the Tarok has an approach angle of 23.8 degrees, a departure angle of 26.4 degrees, and a breakover angle of 22.1 degrees. The minimum ground clearance is 9.6 inches.

The Tarok Concept is powered by a 1.4-liter, 147-horsepower four-cylinder turbocharged and direct-injection TSI® engine, mated to a 6-speed automatic transmission and permanent 4Motion all-wheel drive.

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I hope there is some interest at the New York show for the truck; I think there’s some untapped demand in America for a reasonably-priced, non-colossal truck that can actually do decent work.

Volkswagen once had a player in this space, a long time ago, and it was even built right here in America. I think its time has come again. I guess we’ll have to see what all those cranky New Yorkers think.

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https://jalopnik.com/volkswagen-is-bringing-a-pickup-truck-s-worth-of-forbid-1834053725

2019-04-15 17:50:00Z
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Goldman Sachs' bonuses fell 20% -- and so did its profit - CNN

Goldman Sachs (GS) reported Monday that its net income fell 20% during the first quarter compared with a year ago.
Chairman and CEO David Solomon said in a statement that he was pleased with the performance despite what he called a "muted start to the year."
Although earnings topped Wall Street's forecasts, revenue fell 13% to $8.8 billion and missed analysts' consensus estimates of $9 billion.
Goldman Sachs posted a steep decline in revenue from underwriting initial public offerings as well as a slide in revenue from stock trading and investment management fees.
During a conference call with analysts Monday morning, Solomon said that the federal government shutdown at the start of the year was a big reason for the slowdown in the IPO market.
Solomon added that the big rebound for the stock market in the first quarter led to lower volatility, which hurt trading revenue. And he also noted that "ongoing geopolitical risk" -- most notably concerns about US-China trade talks and Brexit negotiations -- kept some investors on the sidelines.
But things should heat up now that Lyft (LYFT) has debuted and Uber is set to follow. Goldman Sachs was an underwriter for Lyft and is helping to take Uber public as well.
Solomon also said that big institutional clients "appeared less cautious" in March. That bodes well for the rest of the year's profits and revenue.

Big drop in the bonus pool

Still, the investment bank also said that its compensation and expenses -- often referred to as its bonus pool -- were 20% lower than a year ago. Goldman Sachs set aside $3.26 billion during the quarter, which works out to an average of $90,780 for its 35,900 employees.
The stock fell more than 2% Monday morning following the earnings. Still, Goldman Sachs shares are off to a hot start in 2019 -- despite the drop in revenue and profits. The stock has surged nearly 25%, which makes it one of the best performers in the Dow.
Goldman Sachs has also outperformed rivals JPMorgan Chase (JPM), which reported solid results on Friday, as well as competitors Morgan Stanley (MS) and Bank of America (BAC), which are due to report results later this week.
Citigroup (C) shares are up nearly 30%. That bank reported a profit that beat estimates.

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https://www.cnn.com/2019/04/15/investing/goldman-sachs-earnings/index.html

2019-04-15 12:48:00Z
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Citigroup reports mixed Q1, stock dips as equity trading swoons - Yahoo Finance

Citigroup reports mixed Q1, stock dips as equity trading swoons

Citigroup (^C) reported mixed first quarter earnings on Monday that beat Wall Street’s estimates, but a modest rise in bond trading wasn’t enough to offset a steep drop-off in stock trading revenue.

The banking giant earned $1.87 per share compared to earnings per share of $1.68 in the comparable year-ago quarter. Amid a dip in institutional client activity, Citi’s revenue for first quarter came in at $18.6 billion, versus $18.9 billion during the first quarter of 2018.

On average, Wall Street analysts expected Citi to earn $1.80 per share on $18.59 billion of revenues.

The bank saw a 2% year-over-year drop in revenue, but that was offset by a commensurate rise in net income, driven by cost cutting and a boost from lower tax rates.

Meanwhile, earnings per share soared 11%, Citi said, helped by a cut in average diluted shares and the boost in net income. However, a 1% revenue gain in bond dealing wasn’t enough to offset a 24% plunge in equities trading during the quarter.

Citi’s results are part of the first wave of big bank earnings, which normally set the tone for markets, as well as expectations for the economy. Last week, JPMorgan Chase’s blockbuster first quarter blew past market estimates, and helped spark a broad rally.

The largest U.S. bank reaped record revenues and blew past Wall Street’s estimates, while Goldman Sachs also turned in a better-than-expected profit, but its results were weighed by a steep drop in trading revenue.

Citi’s stock, traded on the New York Stock Exchange, fell by 0.6 % in early U.S. trade, changing hands around $67 per share.


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https://finance.yahoo.com/news/citigroup-reports-quarterly-earnings-120100410.html

2019-04-15 14:43:00Z
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Goldman Sachs posts mixed Q1 results, sees drop in trading revenue - Yahoo Finance

Goldman Sachs (^GS) delivered better-than-expected first quarter earnings per share but missed on revenue, amid a steep drop in trading.

For the first quarter, the bank delivered adjusted earnings per share of $5.71, versus analysts’ estimates of $4.99.

Revenue for the quarter came in at $8.81 billion, missing analysts’ forecasts of $8.97 billion. The $8.81 billion figure is 13% lower than the revenue posted during the first quarter of 2018. The drop reflected lower revenues in the institutional client services and investing and lending businesses.

In a statement, CEO David Solomon said Goldman Sachs was “focused on new opportunities to grow and diversify our business mix and serve a broader range of clients globally. With improving momentum across our businesses, we are confident that Goldman Sachs will generate attractive returns for our shareholders.”

Goldman’s results largely reflected what analysts had already anticipated would be a tough quarter for big bank trading, given the volatile market conditions.

Breaking the results down, net revenues for fixed income, currency and commodities (FICC) dropped 11% from the year prior to $1.84 billion. The slump in FICC was attributed to “lower net revenues in interest rate products, currencies and credit products.”

Elsewhere, revenue from equities trading plunged 24% from a year ago to $1.77 billion primarily because of “significantly lower” net revenues in equities client execution, especially in derivatives. What’s more, trading volumes were lower impacting fees and commissions.

“During the quarter, equities operated in an environment characterized by improved market conditions, however client activity and levels of volatility were both lower compared with the fourth quarter of 2018,” the bank stated.

Meanwhile, investment banking revenues, part of Goldman’s bread and butter, were flat at $1.81 billion from the first quarter a year ago — and 11% lower than in the fourth quarter of 2018.

Within investment banking, financial advisory revenues were 51% higher than a year ago at $887 million, driven by an increase in mergers and acquisitions. Yet underwriting revenues dropped 24% to $923 million, due to an industry-wide decline in IPOs and fewer leveraged finance transactions.

Goldman also boosted its quarterly dividend to 85 cents per share.

Shares of Goldman briefly popped in pre-market trading, but trended lower ahead of the bell.

Here's a breakdown for the net revenue for business segments at Goldman Sachs during the first quarter.


Julia La Roche is a finance reporter at Yahoo Finance. Follow her on Twitter.

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https://finance.yahoo.com/news/goldman-sachs-reports-q1-earnings-112756222.html

2019-04-15 12:32:00Z
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A Peek Into The Markets: US Stock Futures Mixed After Goldman Sachs Earnings - Benzinga

Pre-open movers

U.S. stock futures traded mixed in early pre-market trade. Goldman Sachs Group Inc (NYSE: GS) reported mixed first quarter results. The Empire State manufacturing index for April is schedule for release at 8:30 a.m. ET. Chicago Federal Reserve Bank President Charles Evans is set to speak at 8:30 a.m. ET and 12:00 p.m. ET.

Futures for the Dow Jones Industrial Average rose 16 points to 26,424, while the Standard & Poor’s 500 index futures declined 0.25 points to 2,912.25. Futures for the Nasdaq 100 index declined 3.5 points to 7,648.75.

Oil prices traded higher as Brent crude futures fell 0.9 percent to trade at $70.94 per barrel, while US WTI crude futures dropped 1 percent to trade at $63.26 a barrel.

A Peek Into Global Markets

European markets were higher today, with the Spanish Ibex Index rising 0.2 percent, STOXX Europe 600 Index gaining 0.1 percent and German DAX 30 index gained 0.1 percent. The UK's FTSE index was trading lower by 0.1 percent, while French CAC 40 Index rose 0.1 percent.

In Asian markets, Japan’s Nikkei Stock Average rose 1.37 percent, Hong Kong’s Hang Seng Index declined 0.33 percent, China’s Shanghai Composite Index fell 0.34 percent and India’s BSE Sensex rose 0.36 percent.

Broker Recommendation

Analysts at Goldman Sachs downgraded Wells Fargo & Co (NYSE: WFC) from Buy to Neutral.

Wells Fargo shares fell 1.7 percent to $45.70 in pre-market trading.

Breaking News

  • Advanced Disposal Services Inc (NYSE: ADSW) agreed to be acquired by Waste Management, Inc. (NYSE: WM) for $33.15 per share in cash for a total value of $4.9 billion.
  • Fibrocell Science Inc (NASDAQ: FCSC) disclosed an agreement with Castle Creek Pharmaceuticals to develop and commercialize FCX-007. Fibrocell will receive a $30M upfront payment..
  • Aphria Inc (NYSE: APHA) reported worse-than-expected Q3 EPS and revenue results.
  • Electronics For Imaging, Inc. (NASDAQ: EFII) agreed to be acquired by an affiliate of Siris Capital Group, LLC in all-cash transaction valued at approximately $1.7 billion.

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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https://www.benzinga.com/news/19/04/13535915/a-peek-into-the-markets-us-stock-futures-mixed-after-goldman-sachs-earnings

2019-04-15 12:31:00Z
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Best Buy New CEO to be CFO Corie Barry, Replacing Hubert Joly - Fortune

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http://fortune.com/2019/04/15/best-buy-ceo-corie-barry/

2019-04-15 12:19:28Z
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