Gold Price Forecast: XAU/USD trades with mild gains near $2,450, eyes on US Retail Sales – FXStreet
Gold prices were slightly higher around $2,450 in early Asian trading on Thursday. US CPI inflation rose as expected in July. Any signs of escalating geopolitical tensions could rally safe-haven assets such as gold. Gold prices (XAU/USD) snapped a two-day slide early Thursday in Asian trading, rising to near $2,450. A weakening US Dollar (USD) […]
Subway calls ’emergency’ meeting with franchisees as sales plummet: sources
Subway has called a surprise meeting with franchisees of its 19,000 sandwich shops across North America, amid a backlog of declining sales and profits, The Washington Post has learned. Fast food giant It was sold in April to Roark Capital, owner of Dunkin’ Donuts, Arby’s and Cheesecake Factory, for $9 billion. — told franchisees it […]
Joe Biden Reverses Three-Year Ban on Weapons Sales to Saudi Arabia
The State Department announced Saturday that it was lifting a ban on sales of certain weapons to Saudi Arabia for three years, allowing about $750 million worth of bombs to be sold to the kingdom in the coming months. “The deliveries include 3,000 small diameter bombs and 7,500 Paveway IV bombs, which had been on […]
US approves $20 billion in weapons sales to Israel as Middle East tensions near boiling point
As the trend of escalating wars in the Middle East continues, the State Department has announced it has approved $20 billion in arms sales to Israel. The Pentagon said in a statement that the advance includes a variety of weapons, including fighter jets and equipment worth about $19 billion, tank ammunition worth $774 million, more […]
Biden Approves Lethal Aid Package For Ukraine, Weapon Sales To Saudi Arabia
In this photo distributed by the Press Office of the President of Ukraine, U.S. President Joe Biden meets with Ukrainian President Volodymyr Zelensky at the Ukrainian Presidential Palace in Kyiv, Ukraine, on February 20, 2023. (Photo by Press Office of the President of Ukraine via Getty Images) OAN Staff Jacob MillerSaturday, August 10, 2024 10:28 […]
Guide to Massachusetts' sales tax holiday this weekend, Aug. 10-11, 2024 – WCVB Boston
A guide to Massachusetts sales tax exemptions this weekend, August 10-11, 2024 Updated: August 9, 2024, 9:20 PM EDT Things you need to know to save money. Sales Tax Weekend. Think big, but not too big. You can’t save on taxes on cars or anything over $2,500. But what about that expensive piece of jewelry […]
Burger King sales slump as customers pull back on fast food spending amid inflation
Burger King Inc.’s sales fell last quarter despite touting discounts on its menu as inflation-weary customers continued to avoid eating out, parent company Restaurant Brands Inc. said Thursday. The Toronto-based conglomerate, which also owns brands such as Tim Hortons, Papa John’s and Popeyes, said same-store sales at the Whopper maker fell 0.1 per cent and […]
Montauk restaurants hit by drop in sales amid soaring hotel prices in Hamptons
Normally bustling Montauk restaurants are suffering a dramatic drop in activity as rising hotel prices send inflation-hit Hamptons guests seeking cheaper destinations, Side Dish has learned. A wine and spirits distributor to Montauk restaurants said “drinks” sales are down about 20% this year. “That’s a really big number,” said a full-time East End salesman, adding […]
KFC, Pizza Hut sales slump as sticky inflation hampers parent Yum’s bottom line
Yum! Brands, the parent company of KFC and Pizza Hut, reported a larger-than-expected drop in same-store sales in the second quarter as high inflation led lower-income Americans to spend less on eating out. U.S. same-store sales for its Yum Fried Chicken (KFC) division fell 5% in the second quarter, down from a 7% decline in […]
U.S. Automakers in China Suffer Dire Situation with ‘Tumbling’ Sales
American automakers, as well as those based in other parts of Europe and Asia, are seeing their sales in China plummet and are being forced to withdraw from the market. General Motors (GM) and Ford Motor Company Fighting Auto expert Michael Dunn has described sales in China as “plunging.” Other automakers, including Germany’s Volkswagen and […]