Sales data from one of Australia’s big four banks showed Melburnians spent more than $350 million in the first three days of lockdown’s end as the state emerges from the world’s longest lockdown. According to data compiled by the National Australia Bank (NAB), eftpos terminal use in Melbourne increased 20 percent on Friday, Saturday and…
‘Mindboggling’: $350M Spent by Melburnians in First 3 Days of Lockdown’s End
Chip Crunch to Cut Renault’s 2021 Output by 500,000 Cars
LONDON—Renault said on Friday it would cut output by 500,000 cars this year, more than double its previous forecast due to a crippling global semiconductor shortage, but maintained its profit outlook helped by higher car prices and cost cuts. During a presentation to analysts, Renault Chief Financial Officer Clotlide Delbos said the carmaker’s visibility on…
Truck Maker Volvo Profit Beats Forecast, but Chip Woes Linger
STOCKHOLM—Sweden’s AB Volvo beat third-quarter core earnings expectations on Thursday, boosted by strong demand for its trucks even as lingering chip shortages hampered production. Shortages of components and freight capacity had resulted in production disruptions and increased costs, Volvo said in a statement. It also cautioned it expected further disruptions and stoppages, both in truck…
US Existing Home Sales Surge to 8-Month High in September
WASHINGTON—U.S. home sales surged to an eight-month high September, but higher prices as supply remains tight are squeezing out first-time buyers from the housing market. Existing home sales increased by 7.0 percent—the largest increase in a year—to a seasonally adjusted annual rate of 6.29 million units last month, the highest level since January, the National…
Birkin Bag Maker Hermes Shrugs Off China Slowdown, Sales Beat Forecasts
October 21, 2021
admin
bagBirkinBusiness & EconomyChinaChina Business & EconomyCompaniesEconomiesEuropeforecastsHermessalesslowdownWorld
0 Comment
PARIS—Sales at Birkin bag maker Hermes grew by 31 percent in the third quarter, beating market expectations even as the pace of the rebound from the fallout of the coronavirus pandemic slowed down from the previous three months. Revenues at the end of the quarter stood at 2.37 billion euros ($2.76 billion), some 40 percent…
Unilever Margins in Spotlight as Inflation Surges
Unilever’s battle with rising costs will take center stage at its third-quarter results on Thursday, with investors focused on whether the consumer goods giant will cut its profit margin forecast for the second time this year. Crude oil prices hit three-year highs on Monday, vegetable oil prices are at multi-year highs, and packaging, transport, and…
Peugeot CEO Says Nearly 20 Percent of European Sales Through August Electrified
LONDON—The head of Stellantis NV’s Peugeot brand said on Tuesday that during the first eight months of 2021 nearly 20 percent of the vehicles it sold in Europe were electrified. Speaking at the Reuters Events Automotive Summit, Peugeot CEO Linda Jackson said that almost one fifth of sales in Europe were either fully electric or…
J&J Keeps Vaccine Sales Outlook Unchanged After Third-Quarter Miss
October 19, 2021
admin
Business & EconomyCCP VirusCompanieseconomyJohnson JohnsonMarketsOutlookquartersalesUSUS NewsVaccineVaccines & Safety
0 Comment
Johnson & Johnson on Tuesday reported lower-than- expected quarterly revenue after sales of its COVID-19 vaccine missed Wall Street estimates following a string of production setbacks. The New Brunswick, New Jersey-based company maintained its 2021 sales goal of $2.5 billion from the vaccine, and said it recorded $766 million in sales of the shot in…
European New Car Sales Down in September: ACEA
BERLIN—European car registrations slumped more than 25 percent in September due to a lack of supply of vehicles due to the ongoing semiconductor shortage, industry data showed on Friday. New passenger car registrations fell 25.2 percent in the European Union, Britain, and the countries of the European Free Trade Association (EFTA) compared to last year,…
Wall Street Opens Higher on Goldman Earnings, Retail Sales Data
October 15, 2021
admin
Business & EconomyCompaniesearningsEconomieseconomyGoldmanInvestmentLocal NewsMarket WatchMarketsNew YorkNY NewsRegional-Local NewsRetailsalesUSUS NewsWall Street
0 Comment
Wall Street’s main indexes opened higher on Friday after Goldman Sachs rounded out a strong earnings season for big banks, while a surprise rise in retail sales strengthened views about economic recovery. The Dow Jones Industrial Average rose 111.07 points, or 0.32 percent, at the open to 35,023.63. The S&P 500 opened higher by 9.43…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta