Biden admin to ban sales of Kaspersky software over ties to Russia: report
The Biden administration is expected to announce plans on Thursday to ban Kaspersky Lab’s antivirus software from being sold in the United States, according to people familiar with the matter, as the company’s large U.S. clients include critical infrastructure providers and state and local governments. The company’s close ties to the Russian government were found […]
Retail sales rise by paltry 0.1% as shoppers feel pinch of high inflation
Retail sales barely rose last month as Americans, troubled by persistently high inflation, tended to cut back on spending. Retail purchases rose 0.1% in May, below the 0.2% increase analysts had expected, according to data released by the Commerce Department on Tuesday. Retail sales for the previous month were revised down to 0.2%. Of the […]
Retail sales rise just 0.1% in May as high inflation strains Americans
Rick Rieder, chief investment officer of global fixed income at BlackRock, shared strategies for stock investors on Barron’s Roundtable and analyzed the impact of high interest rates on inflation. Americans continued to face high interest rates and rising prices for everyday items, leading them to curb spending in May. Retail SalesThe Commerce Department said on […]
Russian Gas Sales To Europe Exceed US Supply As Ukraine War Rages
Russia overtook the U.S. in terms of natural gas supplied to Europe in May as the war in Ukraine continues, according to Financial Times. Once the leading supplier of gas to Europe, Russian deliveries fell off drastically following the start of the war in Ukraine as European states rushed to support the Ukrainian cause, according […]
The Scam of Book Sales
Estimated Reading Time: 3 minutes The Left has gone after members of the U.S. Supreme Court on drummed-up ethics charges. Whether the Justices have violated any ethics rules (which they have all denied in specificity as to their filings and their actions) is in the eye of the beholder. What we want to explore is […]
Apple Intelligence to be boon for future iPhone sales: analysts
Constellation Research founder R. “Lei” Wang talks about Elon Musk threatening to ban his company from using Apple products over its partnership with OpenAI. Some analysts predict that Apple’s artificial intelligence features will encourage consumers to upgrade their iPhones, benefiting future sales. The Cupertino, California-based tech giant announced on Monday that it will build “Apple […]
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 […]