High-rise residential and commercial buildings are being constructed near Dongyu Road, Qiantan, in the Pudong New Area of Shanghai, China, on March 15, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s economic data for the first two months of the year beat analysts’ expectations on Monday. Retail sales rose 5.5%, better than the … Read more
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Federal prosecutors asking questions about Meta are “looking into whether the company’s social-media platforms are facilitating and profiting from the illegal sale of drugs,” according to unnamed sources in a report today by the Wall Street Journal. Prosecutors reportedly sent Meta subpoenas last year seeking records on “violative drug content on Meta’s platforms and/or the … Read more
Customers visit the Macy’s Herald Square store in New York City on Dec. 17, 2023. Kena Betancur | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like … Read more
Adidas shoes are displayed at a DSW store on January 31, 2024 in Novato, California. Justin Sullivan | Getty Images Adidas on Wednesday warned of a sales decline in its overstocked North American market in 2024, as the German sportswear brand continues to sell off its remaining Yeezy inventory. Currency-neutral sales in North America are … Read more
Mannequins display men’s suits inside a Hugo Boss showroom. Bloomberg | Bloomberg | Getty Images Shares of Hugo Boss plunged 13% Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand. The German high-end fashion brand was on course for its worst trading day since 2016, after it … Read more
Customers learn about the newly launched iPhone15 at an Apple store in Yantai, East China’s Shandong province, Sept 28, 2023. CostFoto | Nurphoto | Getty Images Sales of Apple’s iPhone plunged in China in the first six weeks of 2024, according to a Counterpoint Research report. The analyst firm said in a note on Tuesday … Read more
Real estate meets high-class wealthy reality in the country’s most exclusive housing market when season 2 of “Selling the Hamptons” premieres on HBO Max on March 1. Buying, selling, socializing, and of course, hustling, is what it’s about for the realtors of the Nest Seekers Team. The Blast had the opportunity to talk to three … Read more
Months after ‘Friends’ star Matthew Perry passed away, sales of his 2022 memoir ‘Friends, Lovers and the Big Terrible Thing’ have skyrocketed. As we reported, Perry died last year from “acute effects of the drug Ketamine,” a drug that he was using as part of therapy to combat depression. The autopsy, however, also noted that the … Read more
The PlayStation DualSense controller and PlayStation 5 console. Jakub Porzycki | Nurphoto | Getty Images Around $10 billion of value was wiped off Sony’s stock last week, after the Japanese tech giant cut its sales forecast for its flagship PlayStation 5 console for the fiscal year. Analysts, who already thought Sony’s PS5 target was too … Read more
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Sony now expects to sell 4 million fewer PS5 consoles in its 2023 fiscal year ending March 31st compared to previous projections, Bloomberg reports. The revision came as part of today’s third-quarter earnings release which saw Sony lower the PS5 sales forecast from the 25 million consoles it expected to sell down to 21 million. … Read more