Category: Sales
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China August: Retail sales +2.1% y/y (expected +2.5) Industrial production +4.5% y/y (4.8)
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China’s August 2024 retail sales, industrial production and investment data – another round of disappointing results. Retail Sales +2.1% (YoY) (Aug) Expected 2.5%, previous 2.7% Industrial Production +4.5% (YoY) (Aug) Expected 4.8%, previous 5.1% Fixed Asset Investment +$3.4 (YTD) (YoY) (Aug) Expected 3.5%, previous 3.6% Unemployment rate 5.3% Expected 5.2%,…
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Recovery in housing sales continues
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According to the latest housing market survey by the Treasury’s chief economist, 8,909 homes were sold in July 2024, up 29% from July 2023, mainly due to special discount offers offered by builders. The survey shows that the market recovery is continuing, although it should be noted that July 2023…
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Mexico’s commercial vehicle sales expected to hit record in 2024 By Reuters
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MEXICO CITY (Reuters) – Sales of commercial vehicles in Mexico could hit a record high this year, the Mexican automobile distributors’ association said on Wednesday. Why is this important? Mexico exported $593 billion worth of goods in 2023, most of which was transported overland using trucks or trailers. The flow…
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Renault CEO says sector could face billions in fines as EV sales slow By Reuters
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PARIS (Reuters) – Europe’s car industry could face fines of up to 15 billion euros ($17.4 billion) over carbon emissions as demand for electric vehicles slows. Renault “The EPA’s chief executive, Luca de Meo, said on Saturday: Carmakers face tougher EU CO2 emissions targets in 2025 with the cap on…
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Morgan Stanley to pay $2M to settle probe on First Republic insider sales (NYSE:MS)
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never Morgan Stanley (New York: MS) agreed to pay $2 million to settle a Massachusetts securities regulator’s investigation into trading in First Republic Bank shares by a bank insider before its 2023 failure. Morgan Stanley (MS) did not acknowledge He did not deny the violations set forth in the consent…
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Here’s why Nvidia’s aggressive sales tactics are in the DOJ’s crosshairs
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Nvidia, a favorite of artificial intelligence investors, has been on the edge of a cliff in recent weeks. Concerns about its lofty valuation, fresh pressure from antitrust regulators, the sustainability of the AI boom and the impact of a slowing U.S. economy have unnerved even some of the chipmaker’s staunchest…
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UK data – British Retail Consortium (BRC) total sales in August, the strongest since March
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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NFT bubble burst: Monthly sales, transactions crash
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The NFT industry remained under pressure in August as sales continued to decline. Total NFT sales fell 41% in August to $376 million, as the number of buyers and sellers fell by double digits. Data by CryptoSlam The data showed that the number of buyers fell by 29% to 127,913,…
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NFT bubble burst: Monthly sales, transactions crash
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The NFT industry remained under pressure in August as sales continued to decline. Total NFT sales fell 41% in August to $376 million, as the number of buyers and sellers fell by double digits. Data by CryptoSlam The data showed that the number of buyers fell by 29% to 127,913,…
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Vivo Energy half-year sales drop by Sh2bn amid record fuel prices
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Vivo Energy’s revenue in the Kenyan market fell by $16 million (Sh2.06 billion) in the first half of 2024, as record high fuel prices hit demand. The multinational said its Kenyan unit generated revenue of $769 million (Sh99.16 billion) during the six months, compared to $785 million (Sh101.22 billion) a…
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Needham lowers Pure Storage stock PT, expects pressure from elongated sales cycles By Investing.com
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On Thursday, Needham Financial Services revised its financial outlook for Pure Storage (NYSE: ), lowering its price target to $62 from $80 previously while maintaining a buy rating on the stock. The revision comes on the heels of Pure Storage’s Q2 FY25 performance, which despite beating expectations, led to expectations…
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Manufacturers now seek stimulus package as weak demand cuts sales
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Manufacturers are proposing a government stimulus package to revive their fortunes after sales mostly fell in an environment of weak demand for goods and high borrowing costs. A survey of corporate chief executives by the Central Bank of Kenya showed that 69.2% of manufacturing firms reported a decline in sales…
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Polygon price retreats as NFT sales, DEX volume rises
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Polygon has fallen for the first time in 10 days, even after seeing encouraging metrics on its non-fungible token and decentralized finance ecosystem. DEX Volume and NFT Sales Rise Polygon (MATIC) fell to a low of $0.53, after hitting a high of $0.582 last week. It remains 60% above its…
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NFT market up 23% in weekly sales; Ethereum leads charge
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The NFT market saw sales rise by 23.4% between August 19 and 24. Ethereum currently dominates the scene, followed by Solana and Polygon. Last week, CryptoSlam data showed that sales volumes in the broader NFT market rose 23.4%, settling below $100 million. The surge in activity was accompanied by a…
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NFT market up 23% in weekly sales; Ethereum leads charge
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The NFT market saw sales rise by 23.4% between August 19 and 24. Ethereum currently dominates the scene, followed by Solana and Polygon. Last week, CryptoSlam data showed that sales volumes in the broader NFT market rose 23.4%, settling below $100 million. The surge in activity was accompanied by a…
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Cava reports juicy earnings as steak launch, sales growth pushes stock to all-time high
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CAVA is offering some tasty numbers to its investors. After the market closed on Thursday, the Mediterranean fast-food chain reported second-quarter results that beat estimates across revenue, earnings and same-store sales. Net sales rose 35.2% year over year to $233.5 million, compared with expectations of $219 million. Adjusted earnings per…
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Applied Industrial Technologies maintains $235 target amid sales dip By Investing.com
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On Monday, Applied Industrial Technologies (NYSE:AIT) maintained its Outperform rating and $235.00 price target from Oppenheimer. The firm noted that while Applied Industrial Technologies saw a slight decline in sales, the company’s margins remained strong in the fourth quarter of fiscal 2024. This was attributed to a combination of unbalanced…
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NFT buyer activity surges over 173%, sales plummet
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Over the past week, the NFT market has generally been a mixed bag. NFT sales volume decreased by 11.92%, totaling $81.8 million, while the number of NFT buyers increased by 173.25% to 327,594. Let’s take a look at some of the key metrics that have characterized the NFT market over…
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NFT buyer activity surges over 173%, sales plummet
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Over the past week, the NFT market has generally been a mixed bag. NFT sales volume decreased by 11.92%, totaling $81.8 million, while the number of NFT buyers increased by 173.25% to 327,594. Let’s take a look at some of the key metrics that have characterized the NFT market over…
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Retail sales soar past Wall Street estimates in July
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Retail sales beat Wall Street estimates in July, helping ease concerns about a major slowdown in the U.S. economy. Retail sales rose 1% in July. Economists had expected a 0.4% increase in spending, according to Bloomberg data. Meanwhile, retail sales in June were revised down to a 0.2% decline, from…