Amazon to close, scrap warehouse plans across US amid slowing sales growth: report

Amazon reportedly scrapped plans to construct dozens of warehouses throughout the USA amid slowing gross sales development. Consulting agency MWPVL says the web retail big is closing or abandoning plans to open 42 amenities throughout the nation totaling practically 25 million sq. ft of usable area, Bloomberg reported. The agency says Amazon has additionally delayed … Read more

Amazon to close and scrap plans for dozens of warehouses amid slowing sales growth: report

Evercore ISI Managing Director Mark Mahaney outlines his high tech picks and technique for investing in an inflation-driven market on “Varney & Co.” Amazon reportedly scrapped plans to construct dozens of warehouses throughout the US amid slowing gross sales development. Consulting agency MWPVL says the web retail big is closing or abandoning plans to open … Read more

Biden administration approves more than $1.1 billion in arms sales to Taiwan

On Friday, the administration formally notified Congress of the proposed gross sales, which embody as much as 60 anti-ship missiles and as much as 100 air-to-air missiles. Laura Rosenberger, the White Home’s senior director for China and Taiwan, stated it was the most important arms sale to Taiwan thus far below the Biden administration, and … Read more

Bed Bath & Beyond will close many stores as sales drop

The Mattress Tub & Past retailer on Operating Hill Highway in South Portland. It was unclear on Friday whether or not the 4 Maine retailers could be among the many 150 shops the corporate is closing nationwide. Carl D. Walsh/Employees Photographer On the Mattress Tub & Past retailer in South Portland on Friday, there was … Read more

Ford EV sales soar 307% in August as automaker clinch second spot in U.S. market

Ford has been working onerous to transform its fleet to electrical, and it is paying off. The highest-selling U.S. automaker continues to see sturdy demand for its electrical car fashions, with gross sales up one other 307% in August. For greater than a century, Ford has led the American automotive business to new heights. Henry … Read more