Business News – 07-01-2021

 Although Porsche is increasing EV plans, they still plan to have investments in gas vehicles

  • With the success of their new all-electric vehicles, Porsche has seen record sales 
  • The CEO of the company Kjell Gruner has reported that the company is looking into investing into all-electric cars, internal combustion engines, and plug-in hybrids
  • Compared to the year prior, Porsche’s second quarter earnings has increased by 55%

To deal with delta variant of Covid, White House plans to deploy response teams

  • Across the United States, the White House is deploying response teams to aid states against the delta variant of coronavirus
  •  Containing officials from the CDC and other federal agencies, the teams are going to work alongside communities who are at a higher risk of experiencing an outbreak which are with low vaccination numbers
  • A total of 1,000 counties in the US have a less than 30% coverage of vaccinations

Shares of Krispy Kreme have risen 17% even with bad pricing on opening trade

  • Today (Thursday), Doughnut Company Krispy Kreme has returned to public market after being off the market for 5 years 
  • The company’s IPO was priced at $17 a share which is below their planned range of $21 to $24 a share
  • Back in 2020, the company had a total revenue of $1.12 billion which is a 17% increase

Walgreens could have increased sales due to Passport photos and makeup sales

  • During Walgreens sales in their third quarter, makeup, covid vaccines, and passport photos have driven their sales
  • As the economy is slowly reopening across the US, Walgreens has said that the discretionary spending has increased in pick up online and at stores

General Motors’ sales for second quarter have been up 39.7% and miss analyst expectations

  • The second quarter sales for General Motors has been slightly lower than what analysts expected
  • Today (Thursday) has reported that they have sold 688,236 vehicles which is up form 39.7% from a year prior in 2020
  • The Analysts had expected General Motors to have an increase of about 40% to 43% in sales according to Edmunds and Cox Automotive

By K Buenavista

Mr. Buenavista is a writer that specializes in breaking down complex topics into easy to understand formats that appeal to a wide range of news seeking readers, without missing the important details. He handles a majority of the daily news reporting at Easy-Ad, and has written on many other websites. He resides in Southern California.