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Share to Twitter Share to Linkedin Despite dire warnings earlier in the year that U.S. wine sales had decreased in 2021, the recently released Gomberg & Fredrikson report, based on government tax paid data, shows wine dollar sales up a surprising 16.8% in 2021 over 2020. Total wine sales, including domestic and imported wine were $78.4 billion, compared to the previous year’s figure of $67.3 billion. Yet the reasons behind these increases suggest the wine industry still needs to focus on being more innovative and reaching out to new wine consumers. Fortunately, some of the most popular wine categories of 2021 point the ways to hot trends to consider capitalizing on for the remainder of 2022. According to Jon Moramarco, Editor & Partner with Gomberg & Fredrikson, as well as Managing Partner for bw166 – both well-known wine research firms – “The wine category performed well in 2021, but not great. A headline increase of 16.8% in consumer spending … [Read more...] about U.S. Wine Market Sales Up 16.8% In 2021, Pointing Towards Hot Wine Trends In 2022

Share to Twitter Share to Linkedin Topline Performing at the Super Bowl halftime show is a career-defining achievement for any artist — but it’s also a great marketing opportunity thanks to millions tuning in, typically causing album sales and streams to skyrocket. Key Facts The Super Bowl Halftime Show draws more than 100 million viewers per year, offering artists a huge platform to market their music. Many of the world’s biggest-selling artists — from Michael Jackson and Prince to Lady Gaga and Beyoncé — have headlined the show, earning massive album sales boosts and, in recent years, boosts on streaming platforms like Spotify and Apple Music. Headliners often bring out guests — like Coldplay, who famously invited Beyoncé and Bruno Mars to share the stage in 2016 — who also typically enjoy increased sales following the show. Rihanna is slated to headline the halftime show at this year’s Super Bowl on February 12, her first live … [Read more...] about The Biggest Super Bowl Halftime Show Music Sales Boosts—Including Shakira, Coldplay, Beyoncé, Lady Gaga And More

Share to Twitter Share to Linkedin With an equity market capitalization of $53 billion Tesla is not often characterized as a small company.  In the metrics that matter, however, Tesla is truly a minnow amongst the whales that dominate global auto production.  As the world’s automakers look to transform themselves from manufacturers and marketers of cars to providers of "mobility solutions" the need for investment is enormous.  Most mobility solutions are based on battery-electric vehicles (BEVs) which will eventually be capable of performing self-driving, thereby becoming autonomous vehicles (AVs.) This transition, like most, requires one material above all: capital.  That capital needs to be in liquid form, and that is where Tesla trails its rivals badly.  In the table below I present the amount of automotive (i.e. ex-financial services) cash sitting on balance sheets of the world's major global automakers; figures are as of the most recent reporting periods … [Read more...] about Tesla Is Staring Down $267 Billion In Cash Firepower From The Global Automakers

BEIJING  – China’s policymakers plan to show more support for domestic demand this year but are likely to stop short of splashing out big on direct consumer subsidies, keeping their focus mainly on investment, three sources close to policy discussions said. In recent weeks, top policymakers have repeatedly signalled their intention to work towards harvesting the consumer power of China’s 1.4 billion people, after economic growth in 2022 slumped to one of its weakest levels in nearly half a century. That has raised expectations that large-scale household stimulus measures could be announced at an annual parliament meeting in March. Prominent academics have felt emboldened to speak publicly about sizeable demand-side measures such as 1 trillion yuan ($148.28 billion) or more in nationwide consumption vouchers. The sources close to policy discussions, however, expect China to stick more closely to its familiar playbook of policies to support key industries and splurge on … [Read more...] about Big stimulus unlikely as China considers steps to support consumers-sources

(CTN News) – Last year, Pfizer’s earnings hit a record $100 billion thanks to the ongoing Covid-19 pandemic, with almost $57 billion driven by its Paxlovid antiviral pill and vaccine. Pfizer sold $37.8 billion of its Covid vaccine last year Pfizer sold $37.8 billion of vaccines, up just 3% from 2021, as demand slowed for shots. However, sales of Paxlovid, it’s blockbuster antiviral, jumped to $18.9 billion in 2022, its first full year on the market. Pfizer’s sales from its Covid vaccine and antiviral treatment generated more revenue last year than in total sales in 2019 before the pandemic became a global crisis that killed more than 6.8 million people. This year won’t be like last year. In 2023, Pfizer expects revenue to decline by 33% to between $67 billion and $71 billion as the world emerges from the pandemic. From $37.8 billion in 2022, Covid vaccine sales will plummet by 64% to $13.5 billion this year. From $18.9 billion in 2022, Paxlovid sales are … [Read more...] about The COVID Pandemic Leads to Pfizer’s Record-Breaking Revenue of $100 Billion in 2022

Share to Twitter Share to Linkedin Topline Starbucks’ stock slid Thursday afternoon after the company missed its quarterly revenue estimate, in part because of an immense drop in sales across China as the country grappled with tight lockdowns followed by a renewed surge in the spread of the virus, resulting in reduced commerce that hurt retail businesses across the country—one of Starbucks’ largest markets. Key Facts The company reported $8.71 billion in quarterly revenue, setting a new record but falling short of Wall Street’s $8.78 billion estimate. Sales in North America rose 10% but tumbled 13% internationally, largely due to an eye-popping 28% decline in China. Starbucks also missed on earnings per share, reporting 75 cents after analysts expected 77 cents. The company’s share price declined more than 3% in after-hours trading to $105.81. Crucial Quote “We posted today’s strong results despite challenging global consumer … [Read more...] about Starbucks Stock Drops After Massive Decline In China Sales

Share to Twitter Share to Linkedin Tesla’s attempts to raise capital in any way possible other than selling stock entered the realm of the bizarre this weekend with news of the company’s requests for clawbacks from some suppliers.  As Elon Musk and co. attempt to run a global car company on shoestring, it’s notable how much private equity and venture capital money is flowing into the electric vehicle (BEV) and autonomous vehicle (AV) space.  Tesla has built an expensive infrastructure (40,000 employees strong, reportedly, before the recent layoffs) without the positive cash flow that legacy automakers derive from selling vehicles with internal combustion engines. I mentioned NIO in my Forbes column yesterday, and it is striking how different this company's business model is from Tesla’s.  Also striking is the fact that NIO has attracted several of the same key investors that have backed Musk at Tesla. Devoted Teslaphiles mindlessly repeat the mantra “Elon is … [Read more...] about As Tesla Begs Its Suppliers For Capital, NIO Has Raised Billions From Some Of Tesla’s Key Investors

Share to Twitter Share to Linkedin The U.K. government looks set to scrap many of the large road schemes being planned from 2025. The Department for Transport’s (DfT) top civil servant told MPs yesterday that, for financial reasons, the “headroom for new projects will be very limited.” Dame Bernadette Kelly, Permanent Secretary at the DfT, was grilled by members of the U.K. parliament’s transport committee . There are 32 schemes included in the government’s road investment strategy for 2025 and beyond, known as RIS3. Several schemes could be cut from the program, including the controversial tunnel underneath the Stonehenge ritual landscape. Dame Kelly said that inflationary pressures meant that many large roads projects would likely be delayed until 2030 or beyond. Spending plans for the country’s strategic roads cover five-year periods, with the current program—RIS2—set to end in 2025. “There are schemes in the RIS3 pipeline,” Dame Kelly … [Read more...] about Big Road Schemes Will Be Scrapped, Hints U.K. Department For Transport

In 2020, eCommerce in Thailand ranked 26th largest market with a revenue of US $ 8 billion and this value placed the country even ahead of other developed countries like Finland. According to the latest report of the Electronic Transactions Development Agency (ETDA), Thailand will in this year itself turn into a 120 billion USD industry with a growth of 6.1%. In the pandemic, many businesses of Thailand shifted their focus to the business-to-customer model which is improving the eCommerce market in the country for the better. Even before when Thailand was hit with the pandemic, many retailers embraced the digital transformation attracting online customers. With the precautions taken in Covid like digital payment, social distancing and online shopping, retailers saw a spike in their business. This further strengthened the trend to sell the products directly to the customers. When customers do online shopping in Thailand, the product is swiftly delivered at the doorstep with the help of … [Read more...] about eCommerce in Thailand Value To Grow To 120 Billion USD

Aiyawatt Srivaddhanaprabha revealed his long-standing commitment to Leicester City Football Club by cancelling the club’s enormous debt. Aiyawatt , the Leicester chairman, yesterday announced he has cleared the £194 million (7.8 billion baht) debt the Foxes owe to its parent company King Power International (KPI). This was accomplished through a debt-to-equity transfer to KPI, freeing Leicester from its outstanding liabilities. The club stated that this demonstrates KPI’s dedication to ensuring the club’s long-term stability, reported the BBC. The club said in a statement… Related news Thai celebrities duped out of 20 million baht in online toy scam, 300 victims speak out 12 hours ago Thai passport worth less than Cambodian | Thailand News Today 12 hours ago “These loans have been provided by KPI to the club over the last four years to fund the construction of the club’s world-class new training ground at Seagrave and to … [Read more...] about Thai supremo cancels Leicester City’s 7.8 billion baht debt