Apple’s smartphone sales tumbled 10% last quarter, according to market research firm IDC, as sales in China fell sharply. The company has lost momentum in China as nationalism, a rough economy and increased competition have hurt Apple over the past several months. “It’s a steep drop for Apple, but if you think of where we […]
Retail sales in March surpassed expectations, according to new numbers released by the Commerce Department on Monday. The latest estimates from the Commerce Department show that retail sales in March increased by 0.7 percent — which is more than double the consensus estimates of a 0.3 percent increase for last month. While it surpassed expectations
NEW YORK (AP) — Americans increased their spending pace in March at a better-than-expected pace from the
OnePlus has angered retailers in India – the Organized Retailers Association (ORA) represents 4,300 brick and mortar stores and it announced that it would ban its members from selling OnePlus products from May 1. And this might be just the tip of the iceberg. The much larger All India Mobile Retailers Association (AIMRA), which represents more than 150,000 stores, is considering a similar ban. What did OnePlus do to upset store owners? The retailers accuse the phone maker of not supplying...
A slew of corporate earnings will face investors this week as markets continue to digest the prospect of higher interest rates throughout 2024.
Mounting competition in the stuttering electric vehicle market is taking the juice out of Tesla. The automaker's first-quarter profit plummeted 55% as falling global sales and price cuts sliced into the EV maker's revenue and earnings. The company said Tuesday it made $1.13 billion in profit from January through March, compared with $2.51 billion in the same period a year ago. Revenue was $21.3 billion, down 9% from last year, the company said.Tesla executives blamed the dip partly on EV sales...
E-commerce sales continued to grow last month, while consumers pulled back on electronics, clothing and home furnishings.
Retail sales increased 0.7% for the month, considerably faster than the Dow Jones consensus forecast for a 0.3% increase.
Dow Jones futures rose solidly early Monday, along with those of the S&P
Rule change means all company vehicles over $58k need the distinctive plates and it’s a big tax and status turn-off for wealthy Koreans
When your products can double as commodities, the partners bringing them to market (e.g., distributors and retailers) are as pivotal to your success as your customers.
The stock market, including the Dow Jones, was mauled in a bear attack