Mercedes-Benz USA (OTCPK:MBGAF) on Wednesday reported group sales of 95,596 vehicles for the second quarter. The company said that PHEV group sales are up 524% in Q2 2024 compared to the same quarter last year. The company added that EV group sales mix 11% of overall passenger car sales inContinue Reading
SweetBunFactory Global semiconductor industry sales for May jumped 19.3% year-over-year to $49.1 billion, according to data from The Semiconductor Industry Association (SIA) The sales rose 4.1% in May as compared to the prior month. “The global semiconductor market has grown on a year-to-year basis during each month of 2024, andContinue Reading
JHVEPhoto/iStock Editorial via Getty Images Accenture’s (NYSE:ACN) deal to acquire India-based semiconductor design services provider Excelmax could be accretive revenue and improve its technological prowess, investment firm Baird said. The deal, which could add roughly 0.1% to annualized revenue, is also likely to add to “key areas” for Accenture, includingContinue Reading
John M. Chase Corning (NYSE:GLW) shares rose more than 6% in early trading on Monday as the glass and advanced optics maker lifted its second-quarter guidance, buoyed in part by generative artificial intelligence. Corning, whose products are used in smartphones, automotive, life sciences and more, said it now expects coreContinue Reading
NRSInsights, a subsidiary of IDT (NYSE:IDT) on Monday said same-store sales in June increased 5.1% from a year earlier. In the month of May, same-store sales had increased 4.7% compared to May 2023. As of June 30, the NRS retail network comprised about 31,400 active terminals scanning purchases at independentContinue Reading
sasacvetkovic33/E+ via Getty Images Ring Energy (NYSE:REI) +3% pre-market Monday after raising Q2 sales volume guidance and reaffirming its $600M borrowing base. The company hiked its Q2 sales guidance range above the high end of prior guidance for both barrels of oil per day and barrels of oil equivalent perContinue Reading
DKart Passenger car sales in China dropped for the third consecutive month in June despite price reductions and government incentives, highlighting a persistent weakness in consumer demand. June experienced a 6.9% decline in vehicle sales compared to the last year. Previously, May saw a 2.2% drop, and April saw aContinue Reading
kali9/E+ via Getty Images “Despicable Me 4” was the No. 1 box-office draw during the holiday weekend with an estimated $75 million in ticket sales from Friday to Sunday and $122.6 million since its Wednesday premiere. The animated sequel from Comcast’s (NASDAQ:CMCSA) Universal Pictures is the latest summer release toContinue Reading
Just_Super SK On, a South Korean maker of batteries for electric vehicles, said it was in crisis because its customers are struggling with lackluster EV sales in Europe and the United States, the Financial Times reported Sunday. Chief Executive Lee Seok-hee plans to cut costs as part of the company’sContinue Reading
As the four-year, post-COVID replacement cycle nears and as industry trends paint an upbeat outlook to the consumer electronics segment, Best Buy’s (NYSE:BBY) stock price could surpass $95 as a return to positive comparable sales fueled by the offering of AI-enabled PCs will likely act as a catalyst for shares.Continue Reading
