Starbucks’ quarterly earnings and revenue exceeded analysts’ expectations thanks to increased spending by American customers on iced coffee drinks and Pumpkin Spice Lattes. The coffee company, based in Seattle, also reported that U.S. traffic improved in the quarter and has almost reached 2019 levels. “Despite elevated pricing actions taken throughout the year, daily store traffic…
According to three industry sources, Shell’s liquefied natural gas (LNG) trading division suffered a loss of nearly $1 billion in the third quarter of the year after traders were caught off guard by a sharp increase in gas prices in Europe after Russia cut off supplies. The top LNG trader in the world, Shell, last…
The owner of car brands like Fiat and Peugeot said in a statement on Thursday that improved semiconductor supplies helped to boost sales volumes, which led to a 29% increase in Stellantis’ third-quarter revenues. But as the shortage of semiconductors eased, other supply chain problems emerged, particularly in Europe’s logistics, affecting the third-largest automaker in…
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