Tag Archives: sales

While jurisdictions like California and New York move toward banning the sale of new gasoline-powered cars, one US state wants to go in the opposite direction. Wyoming’s legislature is considering a resolution that calls for a phaseout of new electric vehicle sales by 2035. Introduced on Friday, Senate Joint Resolution 4 has support from members of the state’s House of Representatives and Senate. In the proposed resolution, a group of lawmakers led by Senator Jim Anderson says Wyoming’s… Source link

Jan 12 (Reuters) – Alphabet Inc’s (GOOGL.O) Google promoted the head of its international cloud businesses, Adaire Fox-Martin, to take on a top sales role as part of an operating model rejig, a spokesperson said on Thursday. The head of Google Cloud unit in the Americas, Kirsten Kliphouse, has left the company, the spokesperson said. Fox-Martin’s appointment aims at “unifying global go-to-market organization,” the company said and the role will focus on all global sales as well as service and… Source link

Jan 12 (Reuters) – The head of Alphabet Inc’s Google Cloud unit in the Americas, Kirsten Kliphouse, has left the company, the Information reported on Thursday, citing people with knowledge of the situation. Kliphouse is being replaced by Adaire Fox-Martin, who was previously the president of Google Cloud International and the head of Google’s Ireland office, according to the report. Alphabet did not immediately respond to a Reuters request for comment. The shakeup comes as growth in the cloud… Source link

Google’s cloud computing unit on Thursday made sweeping changes to its leadership, including replacing its top U.S. sales executive and one of her lieutenants, according to people with knowledge of the situation. The changes, announced to employees, include the departure of Kirsten Kliphouse, the top U.S. sales executive. She is being replaced by Adaire Fox-Martin, previously the president of Google Cloud International and the head of Google’s Ireland office. Fox-Martin, who joined… Source link

The volatility in the used car market rolled on in 2022, but there might be some relief for car buyers coming this year. The Manheim Used Vehicle Value Index (MUVVI) for the month of December posted a 0.8% increase in auto prices month over month, however it dropped a whopping 14.9% year over year, the largest annualized price decline ever in the 26-year history of the index. That being said, December’s index rating of 219.3 is still much higher than pre-pandemic levels, when the 2019… Source link

While major stock market indices just posted their worst years since 2008, major sports leagues like the NBA and the NFL reported record years of revenue and their highest-valued franchise sales ever in 2022. According to one industry expert, those sales likely aren’t slowing down any time soon. “I do think if some of those teams [for sale] trade, we will see another milestone year,” Bill Mulvihill, head of U.S. Bank Sports and Entertainment Group, told Yahoo Finance. “I don’t have any… Source link

The Grinch might be a short-seller this Christmas season. Retail stocks were tanking across the board on Thursday, as a much worse-than-expected November retail sales report early Thursday, combined with Wednesday’s latest announcement from the Federal Reserve, had markets under heavy selling pressure. In early afternoon trading, shares of Macy’s (M) were off 3.9%, while shares of Target (TGT) and Abercrombie & Fitch (ANF) were down more than 4%, among other notable names underperforming in… Source link

U.S. stocks descended Thursday morning as Wall Street reeled from another sizable rate hike by Federal Reserve officials and assessed similar moves by central bank officials across the Atlantic. A disappointing reading on consumer spending also weighed on sentiment. The European Central Bank and the Bank of England followed the U.S. Fed in raising interest rates by 50 basis points Thursday morning. The BoE’s hike brought rates in the country to their highest since 2008. The S&P 500 (^GSPC)… Source link

OAKLAND, Calif., Dec 8 (Reuters) – A Google service relied upon by many large websites to sell and display ads was down for about three hours Thursday, denying major news publishers revenue during the crucial holiday period, two sources familiar with the matter said. “The issue with Google Ad Manager has been resolved and ad serving has now been restored for the affected users,” Google said in a tweet on Thursday evening. “We apologize for the inconvenience.” News websites such as the… Source link

Fade the post-earnings rally in shares of struggling electronics retailer Best Buy, Citi says. “Near-term Best Buy’s same-store sales are still some of the worst in retail with holiday volume a significant unknown,” Citi analyst Steven Zaccone wrote in a note to clients following the company’s earnings report on Tuesday morning. Best Buy stock popped 12% as the company’s earnings actually beat most Wall Street estimates. The company also managed to work its inventory down by 14% year over… Source link