The Chinese National Bureau of Statistics pointed to retail sales rising by 2.3% in the month of April when compared to the same period last year. An increase of 3.8% had been expected in this area, while March’s number showed 3.1% growth from the previous year. Better news came in the period between 29 April…
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Thanks to the unexpectedly good results, WMT shares jumped by around 7% on Thursday, making it the most positive day since early 2020 as they rose to an all-time-high price of $64. This was enough to push the total value of WMT to almost $516bn, with a $34bn hike on the day. WMT is the…
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These encouraging numbers were confirmed at the streaming giant’s second Upfront presentation for advertisers on Wednesday. While the ad plan isn’t offered in every region, it now makes up more than 40% of all new sign-ups in the markets where it’s available. Netflix content chief Bela Bajaria stated that “our audiences are highly engaged –…
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This action refers to the company’s assembly plant in Fremont, California, being sued by the Environmental Democracy Project for releasing chemicals including arsenic, nitrogen oxides and cadmium. The Bay Area Air Quality Management District has already complained about what they called Tesla’s “unabated emissions” in the area. The lawsuit was filed in a San Francisco…
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It is the company’s second attempt at trying to sell this chunk of the business, and it is believed to be working with consultants to identify potential purchasers. The cost of buying Boots is around £7bn, although WBA has yet to comment on the speculation about selling. It is believed that this sale would allow…
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Early speculation points to a $5 meal deal designed to fight back after the chain saw its sales fall due to the current challenging economic conditions for many American families. The promotion could offer fries and a drink with a McDouble or a McChicken, although this hasn’t yet been confirmed. This move comes following…
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Q1 results for the language learning company saw revenue climb by 44.9% on a year-by-year basis to over $167m. This is roughly in line with its growth rate for the last three years, which has averaged 45.7%. Its net earnings per share was reported at $0.57, marking a significant increase from last year’s $0.06 loss.…
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Now, Howard Schultz, the former CEO of the multinational coffeehouse chain, has added his thoughts in the debate around what the company should do next. Schultz was replaced by Laxman Narasimhan in 2023. The current CEO plans to boost the company’s profits through new offerings such as energy drinks and boba tea, as well as…
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Despite this upturn and the streaming part of the business reaching a profit for the first time, Disney expects the results in the current quarter to be weaker. Part of this stems from the losses incurred by Disney+ Hotstar in India. This news led to DIS shares dropping by up to 10% in Tuesday’s trading.…
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Robinhood pointed out that the SEC warning notice was received on 4 May and is what’s known as a Wells notice. It’s based on the fact that SEC staff have recommended that action be taken due to the company’s alleged violation of registrations, which was done after the agency made a preliminary determination. Don’t miss…
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