Cannabis sales stall by the millions in San Francisco as dispensary owners bemoan black market operations
Cannabis sales in San Francisco have failed to hit the $50 million mark for the quarter for the first time in five years, California tax officials said. The city recorded $46.7 million in taxable cannabis sales in the first three months of 2024. The figure represents a $5.6 million decrease from the last quarter and a […]
Vistry sells 1,750 homes to Blackstone; UK retail sales rise slightly in May – business live | Business
Important Events Stock prices and oil prices continue to fall British and European stock prices are falling and oil prices are falling further as investors expect supply to increase this year. London’s FTSE 100 index fell 34 points, or 0.4%, while Germany’s DAX and France’s CAC both fell about 0.3%, and Italy’s FTSE MiB lost […]
Pfizer sees lung cancer drug topping $1 billion in sales following impressive 5-year data
Pfizer Chairman and CEO Albert Bourla breaks down the company’s earnings on The Claman Countdown. Pfizer said it expects annual sales of its cancer drug Lorbrena to exceed $1 billion by 2030, after data released Friday showed the majority of patients treated for a rare form of advanced lung cancer were still alive five years […]
Kohl’s tanks 26% as inflation-weary shoppers pull back to sink sales, profits
Shares of Kohl’s plunged as much as 26% on Thursday after the department store chain reported an unexpected quarterly loss due to weakening consumer demand, particularly from the inflation-hit middle class. The Wisconsin-based company lowered its full-year sales and profit forecasts as consumers continue to prioritize buying essentials over discretionary products such as clothing, electronics […]
Pending home sales plunged in April
Rising interest rates led to a 7.7% drop in pending home sales in April, according to new data released Thursday. Home sales have fallen in all four regions of the U.S., according to recent statistics from the National Association of Realtors (NAR). The association pointed to a decline in the Pending Home Sales Index (PHSI), […]
Cracker Barrel to raise prices after sales drop, CEO admits chain ‘not as relevant’
Cracker Barrel announced it plans to raise menu prices despite reporting a decline in third-quarter restaurant revenue, after the Southern-themed restaurant chain’s CEO acknowledged last week that menu prices “are not as important as they used to be.” Cracker Barrel is the latest company struggling to turn a profit in times of continued inflation. The […]
Kohl’s shares tumble after retailer reports sales slump, lowers forecast
DR Barton, president of Woodshaw Financial Group, analyzes the consumer climate after Walmart’s strong earnings report in Varney & Company. Kohl’s shares plunged as much as 25 percent on Thursday after the retail giant reported an unexpected first-quarter loss and lowered its full-year earnings forecast. The department store chain reported a 5.3% drop in net […]
Pending home sales plunge to lowest level since pandemic began
The number of U.S. home purchase contracts closing fell by the most in three years in April, with overall activity levels at their lowest since the COVID-19 pandemic began in the spring of 2020, as high interest rates continue to restrain the housing market, the National Association of Realtors said Thursday. NAR is Pending Home […]
Orange wine: why sales of the seductive new taste of summer are soaring | Wine
ohOn an early summer evening, customers gather at the bar. orange Wines in a variety of hues, from light gold to deep amber, are available by the glass: Sicilian Cataratto with its ripe yellow fruit aromas and salty flavors, juicy and sparkling Slovakian Pinot Gris, or a minerally blend of indigenous grapes from Italy’s Lazio […]
Home sales drop in April amid high mortgage rates and rising prices
High mortgage rates and rising prices continued to put a damper on the spring home-buying season last month. Existing home sales in April fell 1.9 percent to a seasonally adjusted annual rate of 4.14 million, from a revised 4.22 million in March, the National Association of Realtors said Wednesday. Sales were down nationwide, with declines […]