Business News – 07-21-2021

K Buenavista — Wed, 28 Jul 2021 22:41:08 +0000

Used car prices have increased significantly, along with some advantages

For a new car today, the average price is around $40,800 which is a 4.9% increase from 2020
Used vehicles have increased to more than 21% which is $25,500 from $20,900 in 2020
Car dealers are paying more for used cars meaning people can receive a higher trade-in or a lower than market price lease buyout

A famous contemporary artist in Britian, Damien Hirst has claimed that art galleries are disappearing much faster than NFTs
In an interview, Hirst said, “I just think anything that looks good and feels good, and makes you feel good, you know, it’s good art…It doesn’t have to be in a gallery.”
The artist has his own NFT art collection named “The currency” which contains 10,000 NFTs at $2,000 each where the eventual owners can choose to trade it in for the physical creation

With the development of their single-shot Covid vaccine, Johnson & Johnson has generated $12.59 billion in revenue
J&J’s medical device segment has shown a 62.7% increase at $6.9 billion from last year
In the first quarter of this year, J&J’s global sales for their Covid vaccine were $164 million; this is on track to reach $2.5 billion by the end of the year

In order to attract new customers, Target will soon open the first Uta Beauty “mini shops in August
The small shops are going to feature more than 50 premium beauty brands like Clinique, MAC Cosmetics, and Ariana Grande
Target believes that by placing a brightly colored beauty mini beauty store inside their building, they think that they can deepen customer loyalty and encourage store trips

Most of GM’s North American production of their largest full-size pickup trucks will be stopped due to the semiconductor chip shortage
As of 7/21, the automaker has confirmed their plans to cut production for their Michigan, Indiana, and Mexico plants that make the GMC Sierra and Chevorlet Silverado