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Leapmotor International Begins Operations to Expand Global Electric Vehicle Sales Starting September 2024 in Nine European Countries, Followed by Other Key Growth Regions | Stellantis

AMSTERDAM, HONG KONG – Stellantis N.V. and Leapmotor today announced that the two companies have received all required authorizations and the formation of Leapmotor International B.V., a 51/49 Stellantis-led joint venture, is now complete. Headquartered in Amsterdam, the management team led by CEO Tianshu Xin, a former Stellantis China executive, are now laying the groundwork … Read more

Sony Says PS5 Sales Have Peaked After 29% Decline

The console market is facing strong headwinds as we head into the latter half of this generation, something that is affecting both Xbox and PlayStation. Just weeks after Xbox announced a 31% year-over-year decline for hardware sales, Sony has now announced an almost identical 29% decline over the same period for the PS5. That was … Read more

Alibaba Sales Rise 7% After Going Back to Commerce Basics

(Bloomberg) — Alibaba Group Holding Ltd. reported a 6.6% rise in revenue after its main e-commerce and cloud businesses managed only modest growth. Revenue for the three months ended March rose to 221.9 billion yuan ($30.7 billion), compared with analysts’ estimates for 219.8 billion yuan. Net income dived a worse-than-expected 86% after accounting for losses … Read more

Home Depot posts bigger-than-expected quarterly comparable sales drop

(Reuters) – Home Depot posted a bigger-than-expected drop in quarterly same-store sales on Tuesday as cautious homeowners shelled out less for big-ticket purchases while focusing on small-scale repairs. The company’s comparable sales fell 2.8% in the first quarter, compared with analysts’ estimates of a 2.09% drop, according to LSEG data.

Indiana’s home sales grow 8 percent in April – 95.3 MNC

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Sony champions live service titles, claims PS5 hardware sales have peaked

The company also hopes to grow first-party software sales just months after cutting jobs at key internal studios. Sony believes PlayStation 5 hardware sales have peaked and will now begin to “gradually decline.” The company shared that appraisal in its fiscal report for the year ended March 31, 2024, and explained PlayStation 5 sales over … Read more

Sony Pictures Profits Slip by 10% Despite Marginal Sales Gain

Hollywood strike impact is calculated at $115 million, but is set to increase in current year. Sony Group Corporation saw its sales climb by 19% to JPY13.0 trillion in its financial year to March 2024, boosted by a sharp depreciation of the Japanese currency. Net profits for the group were down 3% to JPY971 billion. … Read more

New York May Auctions Start Slow with $267.3 M. Sales at Sotheby’s

Sotheby’s kicked off this month’s marquee New York auctions with two sales on Monday evening, one devoted to established contemporary artists, the other to emerging ones. Together, the two auctions brought in $267.3 million, for a total squarely within its pre-sale estimate of $241.8 million to $350.4 million. These were the first two big auctions … Read more

Ohio adult-use marijuana sales approved as part of 2023 ballot measure could begin by mid-June | AP News

FILE – Nikko Griffin, left, and Tyra Patterson, call out to arriving voters for several issues, including Issue 2, legalizing recreational marijuana, at a parking lot during early in-person voting in Cincinnati, Nov. 2, 2023. (AP Photo/Carolyn Kaster, File) COLUMBUS, Ohio (AP) — Recreational marijuana could be available for sale in Ohio by mid-June, after … Read more

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