By Exec Edge Editorial Staff Dutch Bros Inc. (NYSE: BROS) coffee chain reported a 53% surge in third quarter sales, sending its shares higher aftermarket by 5%. The Oregon-based company said total revenues grew to $198.6 million as compared to $129.8 million in the same period of 2021. System same shop salesContinue Reading
A Coldwell Banker “Under Contract” sign stands outside a property in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Pending home sales, a measure of signed contracts on existing homes, dropped a much worse-than-expected 10.2% in September from August, according to the National Association of Realtors. Economists had predictedContinue Reading
Blocks of condominiums in Singapore. The rising cost of borrowing is unlikely to have a major impact on Singapore’s property market, analysts told CNBC. Ore Huiying | Bloomberg | Getty Images SINGAPORE — The rising cost of borrowing is unlikely to have a major impact on Singapore’s property market, analystsContinue Reading
Real estate broker Rebecca Van Camp places a “Sold” placard on her sign in front of a home in Meridian, Idaho, on Wednesday, Oct. 21, 2020. Darin Oswald | Tribune News Service | Getty Images Existing homes are selling at the slowest pace since September 2012, with the exception ofContinue Reading
(Bloomberg) — Tesla Inc. reported third-quarter sales that fell short of Wall Street estimates, citing the US dollar’s growing strength, along with production and delivery bottlenecks. Most Read from Bloomberg Revenue rose to $21.5 billion, the company said in a shareholder letter Wednesday, compared with analysts’ projections of $22.1 billion.Continue Reading
Abbott Laboratories ABT, +1.41% said Wednesday that it had earnings of $1.4 billion, or $1.15 per share, in the third quarter of 2022, compared with $2.1 billion, or $1.40, in the same quarter a year ago. Adjusted earnings per share were $1.15, against a FactSet consensus of 94 cents. TheContinue Reading
Sales of previously owned homes fell 0.4% in August from July to a seasonally adjusted annualized rate of 4.80 million units, according to the National Association of Realtors. That is the slowest sales pace since May 2020, when activity stalled very briefly due to the start of the Covid pandemic.Continue Reading
Tesla (TSLA) notched a big jump in China sales and exports last month, an industry group confirmed Thursday, as the carmakers Shanghai gigafactory returned to full pace following shutdowns linked to Covid restrictions and a scheduled upgrade. The China Passenger Car Association (CPCA) said Tesla sold 76,995 China-made cars lastContinue Reading
Nvidia Corp. shares fell in extended trading Wednesday after the graphics-chip specialist disclosed that the U.S. government is seeking to restrict its data-center business in China. In a filing with the Securities and Exchange Commission, Nvidia NVDA, -2.42% revealed that the U.S. has installed new license requirements for its A100Continue Reading
A sign is posted in front of a home for sale on July 14, 2022 in Corte Madera, California. Justin Sullivan | Getty Images Pending home sales, a measure of signed contracts on existing homes, slipped 1% from June to July, according to the National Association of Realtors. Compared withContinue Reading