Recent Posts

Mercedes cars more profitable than ever amid chip shortage

Bloomberg Mercedes-Benz AG vehicles are more profitable than ever after the chip crisis sparked a worldwide shortage of cars, boosting the selling prices for models such as the flagship S-Class. The automaker exceeded its profitability target last year and the return on sales in the final quarter was the highest on record, a spokesman said. The global dearth of high-tech ...

Read More »

Apple to launch tap-to-pay feature in challenge to Square

  Bloomberg Apple Inc confirmed plans to release its much-anticipated Tap to Pay feature on the iPhone later this year, giving merchants an alternative to Block Inc.’s Square technology. The option will let sellers accept payments through Apple Pay, credit cards and digital wallets without additional hardware, the company said in a statement. The system relies on near field communication, ...

Read More »

Twitter gains as ad revenue holds up

  Bloomberg Twitter Inc’s sales jumped 22% in the fourth quarter, signalling that the social network’s digital advertising business has held up even as changes to Apple Inc.’s data-collection rules hurt some larger rivals. Sales in the holiday quarter rose to $1.57 billion, compared with $1.58 billion analysts had predicted. Revenue in the current period will be $1.17 billion to ...

Read More »
Send this to a friend