Twitter user growth rises but weak sales highlight Musk challenges

The company reports 12 million new users in the first quarter of 2022, its highest rise since the height of the pandemic Twitter Inc on Thursday, April 28, reported revenue and ad sales that fell short of expectations and were depressed by the ongoing war in Ukraine, laying out the challenges billionaire Elon Musk will … Read more

Higher gasoline prices flatter US retail sales; consumers remain resilient

WASHINGTON, USA – US retail sales increased solidly in March, boosted by record-high gasoline prices, but consumers are starting to feel the pinch of high inflation, with online spending posting back-to-back declines for the first time in more than a year. The report from the commerce department on Thursday, April 14, which also showed stronger … Read more

Mercedes-Benz bets on India’s nouveau riche to drive luxury car sales

India’s startup frenzy and stock market boom are creating a new breed of wealthy splurgers on luxury brands, the 2021 Hurun India Wealth Report shows PUNE, India – Germany’s Mercedes-Benz is betting that an expanding pool of young new millionaires will drive demand for luxury cars in India, creating faster sales growth than for mass … Read more

Starbucks, Coke, and Pepsi join McDonald’s in halting Russia sales

Starbucks is temporarily closing hundreds of stores, PepsiCo is stopping the sale of its drinks brands, and Coca-Cola will also suspend its business in Russia NEW YORK, USA – McDonald’s, PepsiCo, Coca-Cola, and Starbucks stopped sales of their best-known products in Russia on Tuesday, March 8, offering a united rebuke of the war on Ukraine … Read more