Gold attracts some sellers ahead of US Retail Sales – FXStreet
Gold prices traded with a negative bias in early European trading on Friday. A strong US dollar and expectations that the pace of Fed rate cuts will slow are putting selling pressure on gold prices. The October U.S. retail sales report is expected to be released later Friday. Gold prices (XAU/USD) are struggling to rally […]
Forex Today: US Dollar consolidates weekly gains ahead of Retail Sales, Fedspeak – FXStreet
Here's what you need to know on Friday, November 15th. Asian stocks remained mixed, dragged down by mixed China activity data and a gloomy Wall Street overnight close. Despite a notable increase in China's retail sales, the country's industrial production and fixed asset investment data were disappointing, amplifying economic concerns and keeping markets on edge. […]
Boar’s Head listeria outbreak slams sales at rival deli meat brands
Boar's Head Listeria outbreak has depressed demand for ham across the industry, and experts say sales have been depressed for more than a year as consumers struggle to overcome concerns about contaminated deli meat It warns that there is a possibility that The 100-year-old Boar's Head brand suffered a listeria outbreak at its Virginia plant […]
RV Sales To Be Banned Across Six States As California Climate Rules Take Effect
According to RVtravel, sales of diesel campers will be suspended in several states early next year due to California's new climate change regulations. California, Washington, Oregon, New York, Massachusetts, and New Jersey prohibit the sale of motorhomes if the motorhome does not meet certain emission requirements under California Air Resources Board (CARB) regulations. There is. […]
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 […]