Business News – 11-30-2021

Adobe Analytics says Cyber Monday online sales have dropped by 1.4% from last year

  • According to information from Adobe Analytics, this year’s Cyber Monday sales marked a 1.4% decrease from 2020 to $10.7 billion 
  • So far, from Nov. 1 through Cyber Monday, consumers in the United States have spent $109.8 billion online, which is up 11.9% year over year
  • Adobe anticipates digital sales from Nov. 1 to Dec. 31 will hit $207 billion, which would represent record gains of 10%

SpaceX staff told that Starship crisis creates bankruptcy risk by Elon Musk

  • In a company-wide email, Elon Musk wrote, “The Raptor production crisis is much worse than it seemed a few weeks ago,”
  • These raptor engines that are in development will power the company’s Starship rocket but if they are not developed in time, Musk says that the company faces a “genuine risk of bankruptcy…”

BMW unveils its XM hybrid-electric concept vehicle aimed towards high-performance 

  • On November 29, BMW unveiled its high-performance concept vehicle that showcases an electrified crossover 
  • The vehicle is expected to begin US production as soon as late 2022 in South Carolina
  • This new vehicle is called the BMW XM and will be available exclusively as a plug-in hybrid electric vehicle 

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.