Consumer spending, Reddit earnings, AI: Wealth!
On today's episode of Wealth!, host Bradley Smith and various guests explore topics including the state of the consumer, earnings updates, and artificial intelligence's potential to help consumers looking to borrow. As consumers face the impact of the "higher-for-longer" interest rate environment, Wealth! takes a deep dive into the state of the consumer. Barry's CEO Joey Gonzalez joins the discussion, offering insights into how his fitness business is navigating this challenging landscape and whether he has observed any shifts in consumer behavior. Despite the need for value, consumers continue spending on experiences and travel. Hopper Lead Economist Hayley Berg and Zenith Wealth Partners Chief Financial Planning Officer Chelsea Ransom-Cooper provide savings tips for those seeking to travel while exercising prudence with their hard-earned cash. On the earnings front, Reddit (RDDT) CEO Steve Huffman takes the spotlight, discussing the company's earnings beat and its ongoing quest for profitability. Additionally, Yahoo Finance's Madison Mills dissects the financial results of Airbnb (ABNB) and Hyatt Hotels (H), which both surpassed expectations. Furthermore, the show features an interview with Pagaya CEO Gal Krubiner, who talks the potential of artificial intelligence to aid in consumer lending. This post was written by Angel Smith
