Nvidia shares jump after AI chip maker unveils stock split, rosy sales forecast
Nvidia on Wednesday forecast better-than-expected second-quarter sales and announced a 10-for-1 forward stock split, impressing AI optimism on investors who have already tripled the chipmaker’s market value over the past year. Shares of the Santa Clara, California-based company rose 4 percent after the bell, to nearly $974. Shares of leading AI companies are up more […]
Existing Home Sales Fall Amid Skyrocketing Prices and High Mortgage Rates
Sales of existing homes in the U.S. fell sharply in April as prospective buyers struggled with the prohibitively expensive housing market. The National Association of Realtors (NAR) announced Wednesday that home sales fell 1.9% in April to an annualized rate of 4.14 million units. The figure, which represents the number of homes that would be […]
Bird Flu Fearmongering Prompts Spike in Survival Beef Sales
The following content is prepper all natural. Mainstream media has been reporting on bird flu constantly for weeks. It has been compared to COVID-19 and even the bubonic plague, with talking “doctors” effectively declaring it the next pandemic. While it’s debatable whether their concerns are genuine or part of an election-year maneuver, what’s clear is […]
Under Armour cutting jobs, warns of surprise drop in sales this year
Under Armor on Thursday announced plans to overhaul its business, predicting an unexpected drop in sales this year as the sportswear maker seeks to revive demand for its brands in the United States. The company said it aims to “meaningfully reset” its operations in North America, its largest market, and reverse the effects of years […]
Harrison Butker Jersey Sales Skyrocket Amid Backlash over Faith-Based Commencement Speech
Sales of jerseys for Kansas City Chiefs kicker Harrison Butker have skyrocketed in the wake of controversy over his comments at Catholic University. As Breitbart News reported, Harrison Butker came under fire this week for comments he made at Benedictine College, a private Catholic school. There she advised women that motherhood can be more fulfilling […]
Wealthier customers flock to Walmart to boost retailer’s sales in strong Q1 earnings
More wealthy shoppers flocked to Walmart, helping the nation’s largest retailer overcome inflation headwinds faced by its rivals and deliver better-than-expected quarterly results, the company said Thursday. Walmart said total U.S. comparable sales increased 3.8% in the first quarter ended April 30, with most of the increase coming from households with incomes of $100,000 or […]
Under Armour CEO Plank Warns Of Plunging Sales and Layoffs Ahead
Under Armor is walking the plank again. On Thursday, the company announced earnings that fell short of Wall Street expectations, and co-founder Kevin Plank, who returned to the reins in March, warned that the sportswear brand’s revival will take time. Plank said the company expects sales to decline by more than 10% this fiscal year […]
Biden Says That Americans Can Buy Any Car They Want. His Admin Is Forcing EVs To Be Huge Share Of Sales By 2032
President Joe Biden suggested Tuesday it is false that his administration is restricting consumer choice in the automobile market, but his administration recently finalized a rule that will force electric vehicles (EVs) to make up a much larger share of overall auto sales over the next decade. Biden made the remark during a Tuesday speech […]
Used car sales booming as holdout buyers return: Edmunds
FOX Business’ Jeff Flock reports that auto repair costs have increased 33% over the past four years. A new report from Edmunds finds that the used car market is revitalized, buoyed by price relief that kept consumers from buying in the past few years. Auto Shopping Guide released an analysis on Tuesday showing used cars […]
Warner Bros. Discovery posts $966M loss, hurt by slumping ad sales and Hollywood strikes
Warner Bros. Discovery posted a bigger-than-expected quarterly loss as advertising sales at its cable TV division slumped and its studio division grappled with the fallout from last year’s Hollywood strike and weak demand for its “Suicide Squad” game. . Advertising trends in the U.S. and some international markets have been subdued as companies grappled with […]