Company scales back production of $3,500 VR headset amid lackluster sales, customer complaints
They didn't expect this to happen. Apple is significantly reducing production of its initially popular Vision Pro headset, and may even discontinue production of the product by the end of the year, The Information reports. The augmented reality device sold out in pre-sales in January after its Feb. 2 launch, before customers found the expensive […]
Yankees’ Juan Soto sales pitch will include Aaron Boone
The Yankees' plan to bring Juan Soto back to the Bronx will also include Aaron Boone. The coach, whose option was picked up last week, will be part of a contingent traveling to Southern California next week for talks with Soto and his agent, Scott Boras. “I want him to continue to wear pinstripes,” Boone […]
Los Angeles Votes to Raise Sales Tax to Fund Homeless Services
Voters in Los Angeles County chose to pass Measure A, which increases sales tax by a quarter of a percent to fund homeless services. The referendum, which until recently was considered questionable, passed It has received 57% support. CalMatters.org reported (emphasis in original): Measure A,In other words Leading in the number of votes counted so […]
Nissan axing 9,000 jobs, CEO cuts his own pay as US sales slump
Nissan Motor Co. said Thursday it will cut 9,000 jobs and 20% of its global manufacturing capacity as it seeks to cut costs by $2.6 billion this fiscal year against the backdrop of weak sales in China and the United States. The plan highlights the vulnerability of Japan's third-largest automaker, which has yet to fully […]
Tesla shares surge 13% after CEO Elon Musk touts sales forecast
CEO Elon Musk has told investors that the company's electric vehicle sales will increase 20-30% next year as it prepares to roll out more affordable models. Tesla stock rose more than 13% before the opening bell Thursday after the company said it expected . Tesla, which had a market capitalization of nearly $670 billion as […]
Home sales hit 14-year low despite low mortgage rates, rising supply
U.S. existing home sales slowed to their slowest annual pace in nearly 14 years in September, even as mortgage rates eased and the supply of real estate on the market continued to increase. Existing home sales fell 1% last month from August to a seasonally adjusted annual rate of 3.84 million units, the National Association […]
Existing home sales fall hit 14-year low
David Bahnsen, Managing Partner of Bahnsen Group, discusses market volatility and analyzes the real estate market on The Big Money Show. Existing home sales unexpectedly fell last month, slowing to their slowest pace since 2010, when the U.S. was still recovering from the recession. housing market crash. The National Association of Realtors (NAR) reported Wednesday […]
Starbucks CEO says company will fix ‘overly complex menu’ to reverse sales slump
Stacey Widlitz, founder of SW Retail Advisors, analyzes why Starbucks' stock price is soaring after announcing a new CEO on “Craman Countdown.'' Starbucks CEO Brian Nicol said the company plans to simplify its menu and revise its pricing strategy to win back customers and reverse declining sales. Nicol, who left Chipotle in August to lead […]
Starbucks shares tumble after warning of drop in sales, profit
Starbucks has suspended its earnings forecast for next year as new CEO Brian Nicol seeks to turn around the coffee giant, which has struggled with declining demand for expensive drinks. The coffee chain also reported preliminary results for the fourth quarter, saying same-store sales, net revenue and profits were down, weighed down by weak demand […]
Immigrant business owner blasts ‘anti-science’ Biden admin push that crippled her sales: ‘Devastating’
A small business owner who has successfully sold millions of infant sleepwear products told Fox News Digital that his business was derailed by the Biden administration's actions, which called his product category “anti-science.” ”“When we first heard about the rumors with the government, we had been in business successfully for over 10 years,” Nest Bean […]