Holiday Retail Sales Tanked
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Wayfair shares surge after furniture retailer cuts losses by more than $100 million
Wayfair's sales fell in the first quarter, but the furniture retailer narrowed its losses by over $100 million after cutting 13% of its staff.CNBC - Business -
Paramount CEO Bob Bakish to step down amid sale discussions
Paramount said long-time CEO Bob Bakish will leave the company, which is in discussions to explore a sale or merger.CBS News - Entertainment -
DraftKings posts surge in revenue, hikes full-year sales guidance
DraftKings Inc. rang up a huge spike in revenue and raised its full-year sales guidance on Thursday, sending its stock up 3% in extended trading.MarketWatch - Business -
Apple Sales Fall as iPhone, China Businesses Remain Sluggish
The iPhone maker has seen more competition from local rivals in China, one of its largest markets.The Wall Street Journal - Tech - Apple -
Apple reports slumping iPhone sales as global demand weakens
iPhone sales fell 10% compared with the same time period last year, but the company still beat Wall Street’s expectations. Apple released its earnings report on Thursday, revealing a drop in overall revenue fueled by slackening iPhone sales.. ...The Guardian - World - Apple -
Georgia governor signs law adding regulations for production and sale of herbal supplement kratom
Georgia’s governor has signed a bill putting new regulations on the production and sale of products containing kratom, a plant-based supplementABC News - Health -
Apple announces largest-ever $110 billion share buyback as iPhone sales drop 10%
Apple CEO Tim Cook told CNBC that year-over-year sales suffered from a difficult comparison to the year-ago period.CNBC - Business - Apple