On Monday, shares of Tesla Inc fell 8.6%. Such a fall was caused by the fact that the company faced logistical problems in the delivery of cars, accordingly, their number did not match Wall Street forecasts. In turn, slowing economic growth caused doubts about demand.
On Sunday, Tesla Inc. announced a drop in electric vehicle deliveries in the third quarter. Logistical problems were the obstacle for the company to achieve its record deliveries.
An increase in the number of small and medium-sized enterprises engaged in trading activity on Amazon’s selling platform in Great Britain has been registered this year. The noted growth of more than 25% in this country has a faster pace than the growth in other European countries such as Germany, France, and Italy.
Cost of Nike securities decreases because of the awaited price squeeze.
Despite high inflation and supply chain challenges, Walmart, one of America's largest retailers, saw a significant increase in sales in the second quarter of this year.
Nike is suffering declining revenues due to increasing logistics costs and strengthening of the U.S. currency. The company is now selling its excess inventory, spurring the sale with discounts.
Nike Inc said gross margins will be under pressure throughout the year. One of the largest manufacturers of sportswear and footwear warned its customers about this, referring to the expectation of a possible blow due to increased markdowns and a rapid strengthening of the dollar, joining its competitors in this.
Amazon.com Inc. has reported an hourly workers wage increase in the United States. According to the company’ statement, it will increase the average starting wage to more than $19 an hour for most employees working in warehouses and transportation.
The Starbucks’s board of directors has given an approval to increase the company’s quarterly dividend by $0.04 per share (from $0.49 to $0.53). The increase will take place after the next dividend payments on November 25, 2022.
Citi affirmed a Neutral rating on Caterpillar stock in a note Wednesday. However, the bank lowered its target price on the stock to $180 a share from $195.
