I Dare You

Gently Down the Stream

Subscription services are putting viewers' loyalty to the test. With prices having gone up by almost 25% in the past year, households are now having to watch their wallets when it comes to streaming options. They're calling it "streamflation," but no matter the name, it's happening. Around 85% of households in the US have hopped on the streaming bandwagon with at least one video streaming service. People are leaning towards cheaper subscription deals that come with ads. The days of snagging cheap, ad-free streaming are fading away, making room for premium plans that you'll need to budget for. 💸 

Take Me Home

Major retail giants are feeling the impact of consumers opting for more cautious spending. While people are directing more funds towards purchasing electronics and cars, they're tightening their belts when it comes to expenses at grocery stores and home improvement outlets. Richard McPhail, Chief Financial Officer at Home Depot, said that people's hesitancy to make significant purchases seems to be linked to the currently higher interest rates. No matter what's causing the decline in consumer spending, major retail companies are optimistic that this is just a short period where people are cutting back on their expenses. 💳️ Credit cards to the rescue!

🔈️ Tune in to the most recent earnings report conference call from Home Depot, which took place this week and was made possible with the support of our friends at Aiera. 😃

Luck of The Irish 🍀 

Yesterday, Bank of Ireland encountered a technical issue that allowed customers to withdraw funds they didn't have. The withdrawal limit, initially set at €500, was unexpectedly raised to €1,000, even for those with insufficient funds. This led to queues forming at ATMs as some individuals capitalized on the situation, resulting in police presence in certain areas. The bank subsequently informed customers that the surplus amounts would be debited from their accounts. Bank of Ireland expressed regret for the occurrence and the inconvenience it caused, and they had to temporarily suspend their website and limit service access to address the problem. The bank has confirmed that they have effectively resolved the matter and reinstated normal operations.

Get With The Program

Speaking of financial opportunity, don’t forget Helios! Helios' Earnings Polygraph™ provides visually appealing reports that serve you the precise information you desire and require from an earnings call. It's an insightful blend of human intelligence and AI capabilities, resulting in an exceptional and groundbreaking product. Meet with a Helios team member and find out how our products can help you earn more!

See you next week!

Best regards,

Jessica Steward

Product Lead, Earnings Polygraph™

Finance Fact of the Week: The U.S has approximately 1.16 billion dollars being managed by robo advisors, the most of any other country. (statista.com) 

Upcoming Earnings Calls

1. Wal-Mart and Ross on Thursday

2. Estee Lauder on Friday

3. Zoom on Monday

About Helios

Helios Life Enterprises is a trailblazer in the realm of voice-based tonal analytics, spearheading futuristic advancements in this field. As the sole company to conceive and engineer an exclusive data platform, Helios offers cutting-edge systematic analytics of an executive’s voice during critical corporate events. These advanced analytics have the power to forecast future stock performance and volatility. To delve deeper into our visionary solutions, book a meeting with a member of the Helios team.