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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 […]

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 […]

Nintendo profit plunge 55% as sales of Switch console slump

Nintendo said on Friday that sales of its seven-year-old gaming console, the Switch, had slumped and its profits had fallen 55%. The stock fell nearly 10% on Friday following the disappointing earnings report. Japanese video game company Nintendo’s sales for the first quarter, which ends in June as part of the Bank of Japan’s fiscal […]

Despite tough times for Tesla, EV sales set new record in second quarter

EV sales increased by more than 11% in the second quarter. (iStock ) The electric vehicle (EV) market is booming around the world, despite tough times for EV giant Tesla, with research firm reporting that U.S. electric vehicle sales rose 11.3% in the second quarter of 2024. Report from Kelley Blue BookQuarterly sales reached a […]

Apple’s iPhone sales better than expected as demand picks up ahead of AI launch

Apple Inc. on Thursday forecast solid growth after third-quarter iPhone sales beat Wall Street expectations despite disappointing overall performance in China. The company’s shares rose 1% in after-hours trading. Apple said its fourth-quarter sales would grow at the same rate as the 4.9% increase in the April-June quarter. LSEG data showed sales of $85.78 billion […]