Chinese consumers are cutting back on discretionary purchases and becoming more thrifty as the country’s economic slowdown drags on, impeding the once-inexorable growth of the country’s e-commerce com...
Tag: Sales Figures
Ford’s U.S. Sales Rose 27% in August on Strong EV Demand
Listen to article (2 minutes) Ford Motor U.S. sales rose 27% in August, rebounding from year-ago production shortages and benefiting from increased demand for electric vehicles. Ford has been posting ...
NewAge Says Cost of Internal Probe Contributed to Bankruptcy
NewAge Inc., a publicly traded seller of beverages, supplements and other health and wellness products, said its bankruptcy filing is due in part to the cost of an investigation into a potential viola...
Celebrity Medicare Sales Pitches Are Toned Down After Scrutiny
If it’s football season, you can count on seeing Joe Namath on television, along with William Shatner and Jimmie “J J” Walker. They are the most prominent pitchmen for what has become an annual fall s...
Tesla Stock Takes Hit From Nvidia’s Warning About Business With China
Text size Production at Tesla’s Shanghai Gigafactory could face another supply problem in coming months. Xiaolu Chu/Getty Images Nvidia ’s new chip problem can impact shares of some chip custome...
September Could Be Even Worse for Stocks. How to Survive the Downturn.
Text size Traders are hoping the Friday jobs report will be cooler than expected, which would ease the pressure on the Fed to push rates up so quickly. NYSE The stock market could have a tempestuous S...
The Dollar Will Get Even Stronger. Why That Could Slam the Global Economy.
Even for mighty Microsoft , $595 million is a lot of money. That’s how much the software giant’s sales were reduced in the most recent quarter by the ever-stronger U.S. dollar. Indeed, a broad range o...
Chip stocks could plunge another 25% as ‘we are entering the worst semiconductor downturn in a decade,’ analyst says
After a rough few months for semiconductor stocks, one Wall Street analyst expects the pain to continue and predicted Tuesday that “we are entering the worst semiconductor downturn in a decade.” In a ...
I set up a company with friends. It has sales of $1 million. Two partners hijacked control of the bank accounts, and want to push others out. What can we do?
I went into business with friends operating a night market. We hold big events every two weeks. We started an LLC as equal members, all with a 25% share. Friend A had the idea to do it and said they w...
Inventory Pileup, Uneasy Shoppers Put Retailers in Jeopardy
For retailers, it is a season of discontent. From Walmart Inc. to Nordstrom Inc., retailers have a glut of inventory and are discounting items to clear out space for holiday goods. Many have already l...
California Sets the Pace on Zero Emissions. Car Makers, Old and New, Are Cheering.
Text size California is set to prohibit the sale of new gasoline-powered cars in the state by 2035. Justin Sullivan/Getty Images California announced this week that it will ban sales of new gasoline-p...
Nvidia sales forecast falls about $1 billion short of expectations, stock falls
Nvidia Corp. executives on late Wednesday forecast another revenue shortfall in the current quarter, after confirming an earlier warning by showing a sharp reduction in profit, while the chip maker as...
Disappointing U.S. data has traders considering possibility of a half-point Fed rate hike in September
In the blink of an eye on Tuesday, the U.S. bond market’s focus shifted back toward fears of an unexpectedly sharp economic slowdown and away from persistently high inflation over the bulk of the trad...
Here’s how Palo Alto Networks stacks up against its main competitors
Shares of Palo Alto Networks soared as much as 12% on Aug. 23 after the network security company reported results for its fiscal fourth quarter and said it expected sales to increase by at least 25% i...
Nvidia stock will be solely a data-center story for the foreseeable future
Nvidia Corp. was built on videogames, but for the rest of the year at least, investors and analysts won’t be concerned with gaming when pricing the stock. Nvidia NVDA, -4.57% cut its revenue forecast ...
Chip stocks tanked as pandemic demand for electronics slumped, but there are still some winners
After two years of unprecedented chip sales and demand related to the COVID-19 pandemic, a long-feared reversal has struck the semiconductor industry, but some markets are still performing strongly — ...
July existing-home sales fall for the sixth straight month, realtors see ‘housing recession’
The numbers: U.S. existing-home sales fell 5.9% to a seasonally adjusted annual rate of 4.81 million in July, the National Association of Realtors said Wednesday. This is the sixth straight monthly de...
9 Chip Stocks That Look Like Buys
Text size Nvidia now expects July quarter revenue to be $6.7 billion, up only 3% from the year-ago period. The company had previously forecast $8.1 billion in revenue. Dreamstime These are troubling t...
U.S. Home Prices Jumped to Record High in Second Quarter
Home prices continued to climb across nearly all the U.S. in the second quarter, when buyer demand started to fade due to higher mortgage rates but still exceeded the housing market’s unusually low su...
Matterport Stock Jumps on Better Outlook, Hope for Relief on Parts Shortages
Text size Matterport builds cameras used to take 3-D images. It can take any space—from houses to high-rises—online. Matterport Matterport became the latest tech company to say a shortage of component...
Nvidia Selloff Is an ‘Overreaction,’ Analyst Says. The Stock Is Still a Buy.
Text size An analyst said a selloff in shares of Nvidia on Thursday presents a ‘particular buying opportunity.’ (Photo by Justin Sullivan/Getty Images) Getty Images Shares of Nvidia fell n...