Bulgarian leaders, including President Radev and Prime Minister Zhelyazkov, extended Ramadan Bayram greetings to the Muslim community, emphasizing the importance of understanding and tolerance during these challenging times. Political and religious leaders also joined in wishing the community a joyous and blessed holiday.
UK retailers are brimming with optimism, with confidence surging to its highest level since 2015, fueled by strong sales, rising incomes, and a high savings ratio. Despite concerns over labor costs and tax hikes, businesses anticipate growth and price increases, positioning themselves for a potentially strong 2024.
Consumer spending in the United States rose in February, but fell short of expectations as households cut back on dining and travel amid rising costs and economic uncertainty. The data suggests American households remain cautious about non-essential purchases, with spending on restaurants, hotels, and motels dropping sharply.
Elon Musk's political activities, including his support for President Trump, have sparked significant backlash, leading to a decline in Tesla sales and protests against the company. Despite some benefits, such as FCC approval for SpaceX's Starlink unit, the negative impact on Tesla's brand and sales highlights the potential risks for CEOs who choose to engage in politics.
Apple Inc. (AAPL) experienced a week of significant leadership changes, new product features, and challenges on multiple fronts. The tech giant took steps to solidify its market position and address emerging issues, including promoting Vanessa Trigub to vice president of stores and retail operations, introducing an alarm feature in watchOS 11.4, and focusing on reviving the struggling Siri assistant.