Sales Figures

SINGAPORE—Nvidia’s CEO said he still hopes to supply high-end processors to China, days after U.S. Commerce Secretary Gina Raimondo warned U.S. companies against sales of AI-enabling chips to the country in the name of national security. “Our plan now is to continue to work with the U.S. government to come up with a new set of products to comply with the new regulations,” Jensen Huangtold reporters in Singapore Wednesday. “The new regulations have additional limits. We have to come up with new products to comply with…

Chip maker Nvidia said sales reached a record in its latest quarter and gave a positive outlook, suggesting investments in artificial intelligence continue to be strong.Sales more than tripled to $18.1 billion in Nvidia’s latest fiscal quarter, above Wall Street forecasts in a survey of analysts by FactSet. Profit for the company, whose semiconductors underpin the AI boom, also shot up to $9.2 billion from $680 million a year earlier, above estimates.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.…

Updated Nov. 20, 2023 4:48 pm ETElectric-vehicle startup Fisker has lost its second chief accounting officer in less than a month, the latest setback for a company that only recently started selling its first model. Florus Beuting, who was named chief accounting officer in early November, has left the automaker, according to people familiar with the situation. His exit follows the departure of his predecessor, who left in late October after roughly three years at the startup to take a job with another company, leading…

The era of price hikes for consumer goods is waning. For over a year, shoppers have pulled back on buying a range of discretionary items from cargo pants to patio furniture as prices for essential purchases such as food have gone up. Now, some retailers say inflation has cooled in many categories, which could further pressure sales growth.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The era of price hikes for consumer goods is waning. For over a year, shoppers have…

Thousands of unionized Starbucks workers went on strike Thursday on a busy sales day for the coffee chain in a bid to bring the company back to the negotiating table.Baristas walked out on the company’s annual ‘Red Cup Day’ promotion for the second straight year, according to the union representing them. During the promotion, Starbucks gives customers a free reusable cup when they order a holiday drink.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Thousands of…

Updated Nov. 15, 2023 8:11 am ETPeople are skipping their Target runs, but the company is finding ways to boost profits.Target sales fell in the period just before the holiday shopping season as it grappled with choosy shoppers cutting spending on some products and visiting stores less often. Comparable sales, those from stores and digital channels operating at least 12 months, fell 4.9% in the three months ended Oct. 28 from the prior year.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved.…

Updated Nov. 13, 2023 7:18 am ETListen to article(2 minutes)Everything is bigger in Texas, including its electricity use, which is increasing at historic rates in a sign of what is to come for much of the U.S.The country’s largest electricity producer and user saw sales grow at five times the national rate for the past decade, roughly like adding Louisiana. A crushing heat wave this summer broke 10 peak demand records for the main Texas grid operator, which narrowly avoided blackouts one hot evening.Copyright ©2023Dow…

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Listen to article(2 minutes)It is a giant question looming over the entire U.S. economy: How much will shoppers spend during the make-or-break holiday season? Early signs—from the number of boxes loaded on railway cars to rising consumer debt—signal a weaker holiday season than the past three, when pent-up demand coming out of the worst of the pandemic sparked shoppers’ spending.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to article(2 minutes)It is a giant…

Consumers were still paying more for premium brands including Tide, boosting quarterly sales even as volumes dropped. Consumers were still paying more for premium brands including Tide, boosting quarterly sales even as volumes dropped. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to…