Latest news with #TheClamanCountdown
New York Post
5 days ago
- Business
- New York Post
Marriott targets budget travelers with new mid-scale extended-stay option
Marriott International CEO Anthony Capuano shared some insight on budget travelers during a Monday appearance on 'The Claman Countdown.' He told host Liz Claman that Marriott International's lower-income consumers 'continue to prioritize travel, but they want to do it at a more thrifty price point,' citing spending data the company has through its credit card relationships. That has driven Marriott International to 'push so strongly over the last two years into the mid-scale segment, which is a segment that historically we did not operate in,' according to Capuano. He said it started with the company's acquisition of City Express. The company acquired the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V. in 2022 for $100 million. 'We also organically developed an extended-stay mid-scale product called StudioRes,' he noted to Claman. Marriott's first StudioRes opened on Monday in Fort Myers, Florida. The extended-stay hotel 'offers studio-style rooms complete with one or two beds, a lounging area, and a kitchen with a stovetop microwave, and full-sized refrigerator,' according to a press release. Asked about what makes it different from Marriott's other brands, Capuano told Claman it 'starts with the price point.' Marriott International CEO Anthony Capuano revealed that the hotel brand has been pushing strongly into the 'mid-scale segment' of the industry for budget travelers. Helayne Seidman 'It starts with much more modest services,' he added. 'These are folks that could be on a temporary assignment, maybe a construction project or a consulting assignment. They could be digital nomads.' He said 'that product at that price point is really resonating with more cost-conscious consumers.' Capuano also touted the 'breadth' of Marriott's portfolio, saying the company can 'offer the right accommodation for every trip purpose, which often varies irrespective of income.' Marriott's brands include the Ritz-Carlton, St. Regis, Sheraton, Courtyard, Westin, Moxy and others. The company generated $6.26 billion in revenue during the first quarter. Its net income, meanwhile, came in at $665 million.
Yahoo
30-05-2025
- Automotive
- Yahoo
GM CEO backs Trump's auto tariffs as a tool to help US manufacturers
General Motors CEO Mary Barra is voicing support for the Trump administration's automotive tariffs, arguing they allow U.S. automakers to compete more fairly in the international market. "For decades now, it has not been a level playing field for U.S. automakers globally with either tariffs or non-tariff trade barriers," Barra, chair and CEO of General Motors, said at The Wall Street Journal's Future of Everything conference Wednesday. "I think tariffs are one tool that the administration can use to level the playing field." On Thursday, a federal appeals court made the decision to allow U.S. President Donald Trump's tariffs to remain in effect temporarily. In response to Trump's 25% tariff on all imported automobiles and automobile parts, General Motors is continuing to take steps to strengthen its North American manufacturing. Trump Tariffs Face Legal Battle As Federal Appeals Court Temporarily Blocks Trade Ruling "We already were on a process to have more resiliency in this country, and we're just going to continue on that as we move forward," Barra told "The Claman Countdown" Thursday. Read On The Fox Business App Gm To Pour $888M Into Building New V-8 Engine In New York General Motors, headquartered in Detroit, forecast earlier this month a hit of up to $5 billion in 2025 from the auto tariffs. However, Barra said the company is working to leverage some excess capacity it has in the U.S., including through an $888 million investment at a New York propulsion plant to create a next-generation V-8 engine. "We're investing in this country, and we're making those decisions as we go," she said. "Just under $900 million. [It's] the most significant engine investment we've made in history." Gm Ceo Breaks Silence Over Tariff Pressure And What It Means For Your Wallet Over the last five years, after the COVID-19 pandemic and the subsequent global semiconductor shortage, the multinational automaker has also moved more than 25% of its supply chain to the U.S. Fewer than 3% of the automaker's direct parts now come from China, she said. Earlier this month, GM also made the move to stop exporting some vehicles to China from the U.S. "There's still more deals to do, so we're waiting for that," she said. "But there are certain moves that we're already making to strengthen our North American manufacturing, because we can do that with the clarity we already have." However, as General Motors increases its U.S. investment, Barra is not making any promises when it comes to vehicle pricing for consumers. Pricing has always been dynamic, with new features and options constantly emerging, she said. "I'm saying it's a dynamic situation, and we're going even before the word tariff was something we talked about a lot," Barra said. "We're going to work to make sure we remain competitive, but I'm very pleased that the strength of our products (is) driving consumer interest."Original article source: GM CEO backs Trump's auto tariffs as a tool to help US manufacturers Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
30-05-2025
- Automotive
- New York Post
GM CEO Mary Barra backs Trump's auto tariffs as a tool to help US manufacturers ‘level the playing field'
General Motors CEO Mary Barra is voicing support for the Trump administration's automotive tariffs, arguing they allow U.S. automakers to compete more fairly in the international market. 'For decades now, it has not been a level playing field for U.S. automakers globally with either tariffs or non-tariff trade barriers,' Barra, chair and CEO of General Motors, said at The Wall Street Journal's Future of Everything conference Wednesday. Advertisement 'I think tariffs are one tool that the administration can use to level the playing field.' On Thursday, a federal appeals court made the decision to allow U.S. President Donald Trump's tariffs to remain in effect temporarily. In response to Trump's 25% tariff on all imported automobiles and automobile parts, General Motors is continuing to take steps to strengthen its North American manufacturing. 'We already were on a process to have more resiliency in this country, and we're just going to continue on that as we move forward,' Barra told 'The Claman Countdown' Thursday. Advertisement General Motors, headquartered in Detroit, forecast earlier this month a hit of up to $5 billion in 2025 from the auto tariffs. However, Barra said the company is working to leverage some excess capacity it has in the U.S., including through an $888 million investment at a New York propulsion plant to create a next-generation V-8 engine. 3 General Motors CEO Mary Barra says she supports President Trump's automotive tariffs. AP 'We're investing in this country, and we're making those decisions as we go,' she said. Advertisement 'Just under $900 million. [It's] the most significant engine investment we've made in history.' Over the last five years, after the COVID-19 pandemic and the subsequent global semiconductor shortage, the multinational automaker has also moved more than 25% of its supply chain to the U.S. 3 The chair and CEO of General Motors believes that Trump's tariffs will allow U.S. automakers to compete more fairly in the international market. Chris Kleponis/POOL via CNP/ Fewer than 3% of the automaker's direct parts now come from China, she said. Advertisement Earlier this month, GM also made the move to stop exporting some vehicles to China from the U.S. 'There's still more deals to do, so we're waiting for that,' she said. 3 At The Wall Street Journal's Future of Everything conference on Wednesday, Barra said, 'For decades now, it has not been a level playing field for U.S. automakers globally with either tariffs or non-tariff trade barriers.' Getty Images 'But there are certain moves that we're already making to strengthen our North American manufacturing, because we can do that with the clarity we already have.' However, as General Motors increases its U.S. investment, Barra is not making any promises when it comes to vehicle pricing for consumers. Pricing has always been dynamic, with new features and options constantly emerging, she said. 'I'm saying it's a dynamic situation, and we're going even before the word tariff was something we talked about a lot,' Barra said. 'We're going to work to make sure we remain competitive, but I'm very pleased that the strength of our products (is) driving consumer interest.'
Yahoo
15-05-2025
- Business
- Yahoo
D-Wave CEO Dr. Alan Baratz Discusses Company's Technical and Commercial Momentum on Fox Business' The Claman Countdown
PALO ALTO, Calif., May 12, 2025--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) ("D-Wave" or the "Company"), a leader in quantum computing systems, software, and services, announced that CEO Dr. Alan Baratz was interviewed on Fox Business' The Claman Countdown on Friday, May 9, 2025, where he discussed the company's recent technical and commercial achievements. During the interview, Dr. Baratz discussed D-Wave's recent quantum supremacy demonstration, which showed that its Advantage2 quantum computer outperformed one of the world's most powerful supercomputers on a complex real-world materials simulation problem. He noted that "that work caught the attention of the supercomputer community and national labs around the world with a realization that these systems could be used to do some very interesting deep research into new areas." He further noted that "these (system sales) are long lead time sales cycles because of the fact that systems are quite pricey, anywhere from $20-$40 million for a system." D-Wave believes that annealing quantum computing is emerging as the critical accelerant to commercial adoption of quantum computing. The technology is uniquely suited for real-world optimization problems, which are widespread throughout the modern enterprise. Fox Business' The Claman Countdown captures the chaos of the last hour on Wall Street. A replay of the interview with Dr. Baratz can be viewed here: About D-Wave Quantum Inc.D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world's first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our 5,000+ qubit Advantage™ quantum computers, the world's largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our Advantage systems and Advantage2™ prototypes to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we're shaping the quantum-driven industrial and societal advancements of tomorrow: Forward-Looking StatementsCertain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading "Risk Factors" discussed under the caption "Item 1A. Risk Factors" in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption "Item 1A. Risk Factors" in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law. View source version on Contacts Media Contacts: D-WaveAlex Daiglemedia@
Business Wire
12-05-2025
- Business
- Business Wire
D-Wave CEO Dr. Alan Baratz Discusses Company's Technical and Commercial Momentum on Fox Business' The Claman Countdown
PALO ALTO, Calif.--(BUSINESS WIRE)--D-Wave Quantum Inc. (NYSE: QBTS) ('D-Wave' or the 'Company'), a leader in quantum computing systems, software, and services, announced that CEO Dr. Alan Baratz was interviewed on Fox Business' The Claman Countdown on Friday, May 9, 2025, where he discussed the company's recent technical and commercial achievements. During the interview, Dr. Baratz discussed D-Wave's recent quantum supremacy demonstration, which showed that its Advantage2 quantum computer outperformed one of the world's most powerful supercomputers on a complex real-world materials simulation problem. He noted that 'that work caught the attention of the supercomputer community and national labs around the world with a realization that these systems could be used to do some very interesting deep research into new areas.' He further noted that 'these (system sales) are long lead time sales cycles because of the fact that systems are quite pricey, anywhere from $20-$40 million for a system.' D-Wave believes that annealing quantum computing is emerging as the critical accelerant to commercial adoption of quantum computing. The technology is uniquely suited for real-world optimization problems, which are widespread throughout the modern enterprise. Fox Business' The Claman Countdown captures the chaos of the last hour on Wall Street. A replay of the interview with Dr. Baratz can be viewed here: About D-Wave Quantum Inc. D-Wave is a leader in the development and delivery of quantum computing systems, software, and services. We are the world's first commercial supplier of quantum computers, and the only company building both annealing and gate-model quantum computers. Our mission is to help customers realize the value of quantum, today. Our 5,000+ qubit Advantage™ quantum computers, the world's largest, are available on-premises or via the cloud, supported by 99.9% availability and uptime. More than 100 organizations trust D-Wave with their toughest computational challenges. With over 200 million problems submitted to our Advantage systems and Advantage2™ prototypes to date, our customers apply our technology to address use cases spanning optimization, artificial intelligence, research and more. Learn more about realizing the value of quantum computing today and how we're shaping the quantum-driven industrial and societal advancements of tomorrow: Forward-Looking Statements Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management's control, including the risks set forth under the heading 'Risk Factors' discussed under the caption 'Item 1A. Risk Factors' in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption 'Item 1A. Risk Factors' in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.
