PwC released its 2023 Holiday Spending Outlook, which showed 40% of consumers plan on spending more than they did last year. Some surprises from the outlook include an increase in spending from Gen-Z versus baby boomers, who plan to spend 4% less than last year, as well as Gen-Z's proclivity to shop in-person. Kelly Pedersen, PwC US Retail Leader, joins Yahoo Finance to break down the outlook and what trends are emerging from consumers for the upcoming holiday shopping season. Pedersen summarizes many of the trends, saying "we are seeing this movement towards a younger generation of shoppers and their willingness to spend more on the holiday season." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Amazon (AMZN) aims to roll out its new advertisement plan early next year, running ads on its video streaming service - Prime Video. A report from UBS says it could potentially bring in over $6 billion dollars in incremental revenue for the company. UBS U.S. Internet Analyst Lloyd Walmsley joins Yahoo Finance to discuss Amazon's plan and how it will affect their bottom line. Walmsley explains the potential upside, "The incremental margins here are quite high. If they can get over time up to something like $6 billion at an 80% incremental margin, you're talking in the neighborhood of $5 billion of incremental operating profit." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
We've got an exclusive interview with "Survivor" 45 contestant Emily Flippen, conducted before viewers got to meet her. Find out which three stocks she'd take to a desert island.