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Slowest since 2010: Sales of previously owned homes fell 1% in September compared with August, to a seasonally adjusted, annualized rate of 3.84 million units. That marks the slowest pace since October 2010, according to the National Association of Realtors. Sales were 3.5% lower than in September 2023. Read more from CNBC.
Layoffs: Beyond Inc. is cutting about 20% of its workforce as part of a broader review of its cost structure, which comes after the company invested about $65 million in two retailers to help restore Bed Bath & Beyond’s physical presence. The company on Tuesday said the cuts would allow it to save about $20 million in fixed expenses a year as it focuses on a data monetization model with a strong technology focus. Read more from The Wall Street Journal.
Higher-end sodas: Coca-Cola is aiming to hit the higher end of its organic sales forecast for 2024 as growing demand for its higher-priced sodas and juices in the U.S. helped it post a surprise rise in third-quarter sales on Wednesday. Read more from Reuters.
