Apple paying $490M to settle lawsuit over Tim Cook’s China sales comments
Apple has agreed to pay $490 million to settle a class-action lawsuit alleging that CEO Tim Cook defrauded shareholders by concealing a decline in iPhone demand in China. The preliminary settlement was filed Friday in U.S. District Court in Oakland, California, and must be approved by U.S. District Judge Yvonne Gonzalez Rogers. This stemmed from […]
Retail sales rebounded in February, but consumers may be growing more cautious
Brenda O’Connor Juanas, senior vice president at UBS Wealth Management, and Luke Lloyd, investment strategist at Strategic Wealth Partners, discuss retail earnings, interest rate cuts, Bitcoin’s surge to record highs, February CPI and more . U.S. retail spending rebounded in February, but consumers may be more cautious as they continue to face high interest rates […]
Soft Retail Sales Keep Alive Fed Rate-Cut Hopes – Investor's Business Daily
Retail sales rebounded weaker than expected in February, but new jobless claims fell to very low levels and prospects for Federal Reserve interest rate cuts are mixed. Producer price index data also showed a mixed picture for the Fed’s key inflation measure, the core PCE price index. X S&P 500 futures remained marginally higher after […]
February retail sales up 0.6%, but some cracks emerge in what has been a driving force for economy
NEW YORK (AP) — Shoppers spent a little more in February after a rebound the previous month, but this reflects the complexities Americans have in an economy where prices are rising but jobs are plentiful. It reflects the feelings of Retail sales fell a revised 1.1% in January, partly due to bad weather, but rose […]
Olivia Rodrigo Hands Out Plan B Pills to Fans, Donating Portion of Ticket Sales to Pro-Abortion Groups
Pop star and former Disney actress Olivia Rodrigo is donating a portion of ticket sales from her concert tour to pro-abortion groups, while also donning the so-called “Plan B” pill at several concerts, including a recent one in St. Louis, Missouri. Handing it out to fans. The state became the first state to effectively abolish […]
Iconic Discount Merchandise Brand To Shutter Around 1,000 Stores As Harsh Economic Factors Weigh On Sales
Dollar Tree and its subsidiary Family Dollar announced Wednesday that they will close about 1,000 stores over the next few years, unable to rebuild sales due to struggling consumer spending. 998.4 million for the 53 weeks ended February 3, 2024, despite net sales increasing 8.0% to $30.6 billion and gross profit increasing 4.3% to $9.31 […]
KY House passes bill meant to crack down on vape sales to teens
A bill passed by the Kentucky House of Representatives aims to curb the illegal sale of e-cigarettes to teens and prevent unlicensed e-cigarette products from being sold over the counter. Kentucky businesses will be required to declare their involvement in the sale of tobacco products, and that information will be forwarded to the Kentucky Department […]
Broadcom slips even as company reaffirms 2024 sales outlook (NASDAQ:AVGO) – Seeking Alpha
G0d4ather Broadcom (NASDAQ:AVGO) share 2.9% drop Shares rose in after-hours trading Thursday after the semiconductor giant gave a weaker-than-expected fiscal year 2024 sales outlook. Turning to the fiscal year, Broadcom reaffirmed its previous revenue guidance of $50 billion, which was lower than the $50.2 billion that analysts had expected.Also The company reaffirmed its previous guidance […]
Apple iPhone sales in China plummet 24% as Huawei smartphone sales surge
SATORI Fund Senior Portfolio Manager Dan Niles discusses Apple’s outlook for 2024 on The Claman Countdown. Apple’s iPhone sales in China are off to a tough start this year, with sales down 24% from a year ago in the first six weeks, according to a new report from research firm Counterpoint. Analysts said the decline […]
Apple iPhone Sales in China Crash 24% Despite Tim Cook’s Sweetheart Deal with Communists
Apple is no longer China’s best-selling smartphone maker. The tech giant has lost its top spot and now lags behind Chinese companies Vivo, Huawei, and Honor. This is especially bad for Tim Cook, who signed a secret $275 billion agreement with the Communist government to “cooperate and grow with Chinese companies to achieve mutual benefits […]