Sales

Convertible sales fall in U.S. amid popularity of EVs, SUVs

2024 Ford MustangSource: FordConvertibles — once a sign of open-air freedom, road trips and summer adventures — are fading away as the auto industry shifts to all-electric cars and more rugged sport utility vehicles.Sales of traditional drop-tops such as the Chevrolet Camaro and Ford Mustang, as well as roadsters such as the Mazda Miata, have …

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Housing Bubble Woes: Home Prices Drop 3.5%, Steepest Monthly Drop since Jan. 2016. Sales, already at Lockdown Levels, Drop Further. Active Listings Rise Further

But these sales happened during the “Fed pivot” fantasy that pushed mortgage rates down to 5%. Now mortgage rates are near 6.5%. By Wolf Richter for WOLF STREET. In July and through mid-August, mortgage rates fell sharply from the 6%-range in mid-June, on the widely propagated fantasy of a Fed “pivot” on rate hikes. By mid-August, the average …

Housing Bubble Woes: Home Prices Drop 3.5%, Steepest Monthly Drop since Jan. 2016. Sales, already at Lockdown Levels, Drop Further. Active Listings Rise Further Read More »

MicroStrategy to reinvest $500M stock sales into Bitcoin: SEC filing

MicroStrategy, the largest institutional Bitcoin (BTC) buyer, entered an agreement with two agents — Cowen and Company and BTIG — to sell its aggregated class A common stock worth $500,000,000, reveals Securities and Exchange Commission (SEC) filing.MicroStrategy, co-founded by Bitcoin bull Michael Saylor, amassed approximately 129,699 BTC over several years at an aggregate purchase price …

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Burger King $400 million plan to revive U.S. sales with remodels, advertising

CASCAIS, PORTUGAL – Burger King signs are seen at the local fast food restaurant.Horacio Villalobos | Corbis News | Getty ImagesBurger King on Friday said it plans to spend $400 million over the next two years on advertising and renovating its restaurants as part of a broader strategy to revive lagging U.S. sales.The Restaurant Brands …

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Amazon to close, scrap plans for warehouses across US amid slowing sales growth: report

Amazon is reportedly scrapping plans to build dozens of warehouse facilities across the United States amid slowed sales growth. The consulting firm MWPVL says that the online retail giant is either closing or abandoning plans to open 42 facilities across the country totaling almost 25 million square feet of usable space, Bloomberg reported. The firm says …

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Amazon to close, scrap plans for dozens of warehouses amid slowing sales growth: report

Evercore ISI senior managing director Mark Mahaney provides his top technology picks and investment strategy in an inflation-driven market on ‘Varney & Co.’ Amazon is reportedly scrapping plans to build dozens of warehouse facilities across the United States amid slowed sales growth. The consulting firm MWPVL says that the online retail giant is either closing …

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