New federal rule moves to protect military bases from nearby land sales to foreign actors
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First-half sales of new cars in UK pass 1m for first time since before Covid | Automotive industry
Car makers sold more than one million cars in the UK in the first half of this year for the first time since before the coronavirus pandemic, as the car industry gradually recovers from years of turmoil. The car industry is expected to sell around 2 million cars this year, the first time since 2019, […]
UK new car sales hit 1m in first half for first time since 2019; German factory orders fall unexpectedly – business live | Business
Important Events SMMT chief executive Mike Hawes was asked earlier how demand for electric cars was holding up. “It’s OK,” he said, but added that it will be a long and difficult road before electric vehicles hit the mass market. June was okay, but what we’ve seen is that we’ve hit a kind of plateau. […]
Markets rise on US rate cut optimism; Tesla shares jump 10% after better-than-expected car sales – business live | Business
Important Events GSK buys all rights to influenza and coronavirus vaccines from CureVac GSK It has acquired all rights to develop, manufacture and sell mRNA vaccines for influenza and COVID-19 from a German pharmaceutical company. Cure Back. Britain’s second-largest pharmaceutical company will pay 400 million euros upfront and up to an additional 1.05 billion euros […]
McDonald’s ditched meat-free burger in US because of poor sales, executive admits
Years after McDonald’s tested meatless burger options in limited markets, the company’s U.S. chief executive has finally admitted that the chain has discontinued the plant-based burger due to poor sales. Last week, McDonald’s U.S. President Joe Erlinger The Wall Street JournalAsked about the company’s future plans for plant-based products at McDonald’s Global Food Forum, Erlinger […]
Home Sales Plunge, Investors Pull Back Too, Prices Drop 8.4% in 4 Months
Estimated Reading Time: 2 minutes Sellers are struggling with denial: Priced “right,” a home will sell, but “right” is where the buyers are, and they’re a lot lower. Sales of all types of previously owned homes – houses, condos, and co-ops – fell by 5.9% in October from September, the ninth month in a row of […]
Should gun store sales get special credit card tracking? States split on mandating or prohibiting it
Beginning Monday, a California law will require credit card networks like Visa and Mastercard to provide banks with special retail codes that can be assigned to gun stores in order to track their sales. But new laws will do the exact opposite in Georgia, Iowa, Tennessee and Wyoming by banning the use of specific gun […]
U.S. Judge Lets Most of SEC Case Against Binance Proceed, Dismisses Secondary Sales Charge – CoinDesk
In an order late Friday, Judge Amy Berman Jackson of the District of Columbia Court ruled that the SEC’s charges against Binance relating to its initial coin offering and ongoing sales of BNB, BNB Vault, staking services, failure to register, and fraud allegations can proceed. The judge granted Binance and Zhao’s motion to dismiss the […]
Nike plans affordable shoe line after shares fall following dismal sales prediction
Sportswear giant Nike said Friday it will start selling sneakers for under $100 after its shares plummeted following dismal sales forecasts. The company announced new plans to boost profits after telling analysts in its quarterly earnings report on Thursday that revenue will likely decline in fiscal 2025. The forecast of an unexpected mid-single-digit decline in […]
Walgreens may close over 2K stores as sales plunge amid inflation
Walgreens said Thursday it may close up to a quarter of its more than 8,600 U.S. stores as inflation-hit consumers cut back on spending and retail sales plummet. The struggling drugstore chain, which closed 150 U.S. stores last year, lowered its profit forecast ahead of its quarterly earnings report, sending its shares plummeting nearly 25 […]