Best Buy to End Sales of Blu-Rays and DVDs
According to numerous reports, Best Buy will stop selling physical media this year. “The move away from physical media is believed to be due to changes in people's habits. [stupid] Consumers increasingly prefer streaming and digital downloads over traditional physical formats. ” report. “This trend has been evident over the past decade as DVD and […]
Milwaukee mayor trashes suburbs in response to tweet on high sales tax: ‘go to Cracker Barrel’
The mayor of Milwaukee, Wisconsin, got into a heated argument with conservative county executives over local sales tax rates. Milwaukee Mayor Cavalier Johnson and Washington County Executive Josh Schoeman have been at loggerheads since the beginning of the year after Schoeman encouraged city residents to shop in the area to avoid new taxes. Ta. “We […]
McDonald’s CEO says ‘misinformation’ about Israel-Hamas war hurting sales
McDonald's chief executive said “misinformation” about the company's position on the ongoing Israel-Hamas war was hurting sales in the Middle East and Islamic countries around the world. McDonald's President and CEO Chris Kempczinski said Thursday that “several markets in the Middle East and some markets outside the region are experiencing wars that are impacting brands […]
Tesla beats the odds with year-end sales push
Automotive expert Mike Caudill claims Elon Musk's Tesla Cybertruck design will turn off potential buyers in Kabuto: Coast to Coast. Tesla on Tuesday beat its fourth-quarter delivery forecast, according to its 2023 production and delivery report. Elon Musk's electric vehicle company delivered a record 484,507 vehicles between October and December, helping it meet its 2023 […]
Apple stock downgraded by Barclays over iPhone sales slowdown
Apple started the new year on a tough note Tuesday, as analysts at Barclays downgraded the company's stock rating, citing concerns about slowing sales demand for its flagship iPhone. Analysts cited recent sales surveys showing weak demand not only in developed markets but also in China. Barclays downgraded Apple's rating to “underweight.” Barclays also lowered […]
Apple to Resume Sales of Latest Smartwatch Models Following Import Ban Lift
Technology giant Apple has won its latest legal challenge, allowing it to resume selling new smartwatch models. CNBC coverage that In a big win for Apple, the company announced it would resume sales of the latest Apple Watch models, including the Apple Watch Series 9 and Ultra 2, following a suspension due to an import […]
Chinese EV giant BYD posts 62% jump in 2023 vehicle sales
China's BYD, the world's largest seller of battery electric vehicles (BEVs) and plug-in hybrid vehicles, announced on Monday that it sold approximately 3.02 million units in 2023, an increase of 61.9%. The Shenzhen-based automaker announced it has sold about 1.6 million battery EVs and 1.4 million plug-in hybrid EVs. BYD announced that it sold 340,178 […]