Soaring sausage sales could indicate economic turmoil as consumers turn away from costlier meats, expert reveals
As American families grapple with the effects of skyrocketing inflation, more people are turning to sausages as a meat substitute to cut back on their consumer spending. But some experts worry that the slight increase in sausage sales could signal deeper economic turmoil as the prices of basic goods continue to rise. “At the end […]
Major grocery chain ending tobacco sales
Stop & Shop, a major grocery chain, Announced this week The company announced that it would stop selling tobacco products. The East Coast chain has 360 stores in Massachusetts, Rhode Island, Connecticut, New York and New Jersey. The company said it would stop selling cigarettes and tobacco products by August 31 as part of its […]
Pending home sales tumble to record low in July
Contracts to buy existing homes in the U.S. fell to a record low in July as rising prices and higher borrowing costs drove potential buyers out of the market. The National Association of Realtors on Thursday Pending Home Sales IndexThe index, based on signed contracts, fell 5.5 percent last month to 70.2, the lowest since […]
Lego bucks toy industry woes, turning in 13% sales increase
While the rest of the toy industry struggles to break even, Lego continues to break sales records. The Danish toy block maker, which has a passionate following among adults and children, said on Wednesday that sales and operating profit for the first half of 2024 had reached record highs. Revenue rose 13% to $4.6 billion […]
Trump offering parts of his Biden debate suit with digital trading card sales
Former President Trump is offering some of the suits he wore during his debate with President Biden to supporters who purchase a new series of digital trading cards. The Republican presidential candidate unveiled a new trading card collection on Tuesday. The video was posted on Truth SocialThe new card set, called the “America First Collection,” […]
Nvidia sales likely doubled, but it may not impress investors
Barron’s market reporter Jacob Sonnenshein joins the Big Money Show to discuss how important NVIDIA’s earnings report is to the overall stock market. Nvidia is expected to report second-quarter revenue more than doubling on Wednesday, but investors accustomed to the company’s stellar performance will be hoping for more from the artificial intelligence chip giant. Beating […]
Sales of cheaper houses spiked in July: Analysis
Sales of the lowest priced homes surged in July, a sign that the housing sector, battered by interest rate hikes by the Federal Reserve, is recovering. Pending sales in the “starter home” category have increased 10.2% since July 2023, according to figures released Monday by real estate firm Redfin. That compares with a 6.5% decrease […]
Sales of cheaper houses spiked in July: Analysis
Sales of the lowest priced homes surged in July, a sign that the housing sector, battered by the Federal Reserve’s interest rate hikes, is recovering. Pending sales in the “starter home” category have increased 10.2% since July 2023, according to figures released Monday by real estate firm Redfin. That compares with a 6.5% decrease in […]
Target sales bounced back after closing crime-prone stores
Target’s sales and traffic rebounded this week after it closed stores with high crime rates, sources told The Post, suggesting more retailers may start closing stores due to shoplifting. “Cheap chic” discount store Target reported profits and sales that beat Wall Street expectations on Wednesday as price cuts attracted inflation-weary shoppers. But Target’s Chief Operating […]
Kamala Harris Falsely Says Tariffs Are A Middle Class Sales Tax
CLAIM: Kamala Harris said Thursday that President Donald Trump’s proposal to impose a 10% tariff on imports would amount to a sales tax on Americans. In her convention speech, Harris argued that President Trump’s tariffs would amount to a “national sales tax, a Trump tax.” Verdict: False. Customs duties are paid not by consumers but […]