[ad_1] New York CNN — Tesla shares plunged more than 11% in early trading Tuesday, as weaker than expected global sales caused the company’s massive slide in its share price that began last year to continue. Tesla reported record 2022 sales of 1.3 million vehicles, up 40% from the 2021 …
Read More »New home sales rose in November, defying expectations
[ad_1] Washington, DC CNN — New home sales were up in November from the month before, even as prices remained elevated and buyers faced some of the highest mortgage rates of the year. Sales of newly constructed homes rose 5.8% in November from October, but were down 15.3% from a …
Read More »US consumers pulled back their spending last month as inflation took a toll
[ad_1] Minneapolis CNN — US retail sales fell sharply at the start of the holiday shopping season, dropping by 0.6% during the month of November, according to data released Thursday by the Commerce Department. Pullbacks in auto sales helped drive the decline — the largest monthly decrease seen all year …
Read More »Amazon stock falls nearly 20% on light holiday quarter sales forecast
[ad_1] CNN Business — Amazon (AMZN) stock fell some 14% in after-hours trading Thursday after the company forecast its holiday quarter sales would be lighter than analysts had expected. The e-commerce giant said it expects revenue for the final three months of the year to be between $140 billion to …
Read More »Tesla earnings rebound but will miss 50% growth target
[ad_1] New York CNN Business — Tesla posted a solid quarter of earnings and record revenue, but now says it will fall short of its target for a 50% growth in the number of cars it sells this year. As recently as July it said it was still aiming for …
Read More »Subway, offering a rare glimpse at its finances, says it’s hitting record sales
[ad_1] New York CNN Business — Subway says its most extensive menu makeover in the company’s nearly 60-year history is paying off. Sales at stores open at least a year rose 8.4% in the third quarter, the privately held company announced Wednesday. For the past 18 months, Subway said it …
Read More »New home sales bounce back in August
[ad_1] New home sales bounced back in August despite high prices and rising mortgage rates that have pushed some buyers away. Sales of newly constructed homes jumped 28.8% in August from July and were down just 0.1% from a year ago, according to a joint report from the US Department …
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