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Business

“Procter & Gamble sales disappoint as price hikes slow down”

May 1, 2024

“Procter & Gamble on Friday reported mixed quarterly results as it struggles to bring back shoppers after two years of hiking prices across its portfolio, from Tide detergent to Charmin toilet paper… Despite its disappointing sales, the consumer giant raised its… Continue Reading…

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Stocks

“Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall”

April 22, 2024

“…ASML’s stock was down around 4.5% in early European trade after the results. Here’s how ASML did versus LSEG consensus estimates: Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML’s net sales fell in the middle point of… Continue Reading…

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Business, Economy, Energy

“Volkswagen electric car sales plunge as Europe returns to petrol”

April 15, 2024

“Sales of Volkswagen electric cars have plunged by almost a quarter in Europe as demand for battery-powered vehicles stalls and buyers return to petrol… Globally, all-electric sales at the owner of Audi, Skoda and Porsche dropped by 3pc to 136,400, while… Continue Reading…

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Business

“Paris Olympics on track to hit NBC ad sales record…”

April 15, 2024

“…Comcast-owned NBCU said on Tuesday it has sold $1.2 billion in advertising for the Paris games and is on track to achieve a new sales record in Olympic history. The company paid $7.65 billion to renew its broadcast rights deal… Continue Reading…

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Business

“Home Depot is acquiring specialty distributor SRS for $18.25 billion in huge bet on growing pro sales”

April 1, 2024

“Home Depot on Thursday said it is acquiring SRS Distribution in an $18.25 billion deal, the latest and largest sign of its ambitions to drive sales by winning more business from contractors, roofers and other home professionals. The home improvement retailer expects… Continue Reading…

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Stocks

“Chinese EV maker BYD targets 20% jump in annual sales – sources”

April 1, 2024

“Chinese electric vehicle maker BYD has set a 3.6- million-unit sales target for 2024, a jump of 20% from its record-breaking sales last year, according to three people who were familiar with the matter… The company’s Hong Kong shares sank… Continue Reading…

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Business

“Hugo Boss plunges 13% on pessimistic sales outlook”

March 11, 2024

“Shares of Hugo Boss plunged 13% Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand. The German high-end fashion brand was on course for its worst trading day since 2016, after it said it… Continue Reading…

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Business

“Apple’s iPhone sales in China plunge 24% as Huawei’s popularity surges”

March 7, 2024

“BEIJING (Reuters) -Apple’s iPhone sales in China fell 24% year-on-year in the first six weeks of 2024, according to research firm Counterpoint, as the U.S. company faced increased competition from domestic rivals such as Huawei. The U.S. tech giant’s chief… Continue Reading…

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Economy

“Retail sales tumbled 0.8% in January, much more than expected”

February 22, 2024

“…Advance retail sales declined 0.8% for the month following a downwardly revised 0.4% gain in December, according to the Census Bureau. A decrease had been expected: Economists surveyed by Dow Jones were looking for a drop of 0.3%, in part to… Continue Reading…

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Economy

“Retail sales tumbled 0.8% in January, much more than expected”

February 15, 2024

“…Advance retail sales declined 0.8% for the month following a downwardly revised 0.4% gain in December, according to the Census Bureau. A decrease had been expected: Economists surveyed by Dow Jones were looking for a drop of 0.3%, in part to… Continue Reading…

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