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Economy, Stocks

“Bed Bath & Beyond shares dive more than 25% as supply chain issues hit sales, inflation eats into profits”

“…Here’s how Bed Bath & Beyond did in its second quarter ended Aug. 28 compared with what Wall Street was expecting, based on a Refinitiv survey of analysts: Earnings per share: 4 cents adjusted vs. 52 cents expected Revenue: $1.99… Continue Reading…

Economy

“Retail sales post surprise gain as consumers show strength…”

“Retail sales posted a surprise gain in August despite fears that escalating Covid cases and supply chain issues would hold back consumers, the Census Bureau reported Thursday. Sales increased 0.7% for the month against the Dow Jones estimate of a… Continue Reading…

Business, Economy

Trend: Auto Sales Seem To be down Across The Board

I was looking through the news and seen some what of a trend. “Japanese automakers’ China car sales tumbled in August” https://finance.yahoo.com/news/japanese-automakers-china-car-sales-083033156.html “Ford’s U.S. sales decline 33% in August as chip shortage devastates auto industry” https://www.cnbc.com/2021/09/02/fords-us-sales-fall-33percent-as-chip-shortage-devastates-auto-industry.html “Russia’s August auto sales… Continue Reading…

Stocks

“Boston Beer stock tumbles 21% after weak Truly hard seltzer sales weigh on earnings”

“hares of Boston Beer tumbled 21% in premarket trading Friday after disappointing demand for hard seltzer dragged down the company’s quarterly earnings and revenue. The Sam Adams brewer reported earnings of $4.75 per share on net sales of $603 million. Analysts surveyed… Continue Reading…

Stocks

“May home sales rebound to highest level since 2005, shocking even the Realtors”

“Pending home sales, a measure of signed contracts on existing homes, jumped an unexpectedly high 8% in May compared with April, according to the National Association of Realtors. Analysts expected a 1% drop. This is the highest level of sales… Continue Reading…

Business

“Best Buy sales jump 36% as consumers splurge on electronics, retailer raises forecast”

“Best Buy said Thursday that sales grew 36% in the fiscal first quarter as shoppers’ stimulus-fueled spending spree includedconsumer electronics. Shares of the company 3.3% in premarket trading after the home electronics and appliance retailer raised its forecast…  Chief Financial Officer… Continue Reading…

Business

“Target sales jump 23% as exclusive brands, curbside pickup draw in shoppers”

“Target said Wednesday fiscal first-quarter sales rose 23%, as investments it made in exclusive brands and services like curbside pickup strengthened customer loyalty and kept them coming back. The retailer also said it is benefiting from… reopening economy and busier social… Continue Reading…

Business

“500 million LinkedIn users’ data is for sale on a hacker site”

“Information scraped from around 500 million LinkedIn user profiles is part of a database posted for sale on a website popular with hackers, the company confirmed Thursday.The sale of the data was first reported on Tuesday by cybersecurity news and… Continue Reading…

Economy

“Sales of Bentleys and Lamborghinis are booming because rich people are bored”

“While auto sales as a whole have suffered from factory shutdowns and other disruptions due to the pandemic, sales of super-expensive cars, like Ferraris, Bentleys and Lamborghinis, finished 2020 at a blistering pace.In the United States, overall passenger car sales… Continue Reading…

Real Estate

“Pending home sales fell over 10% in February, as record low supply stifles the housing market”

“The U.S. housing market is suffering from its lowest supply in history, and that is taking an increasingly hard toll on sales. Pending home sales, a measure of signed contracts on existing homes, fell a wider-than-expected 10.6% in February compared… Continue Reading…