BUSINESS

Jan 03 2026BUSINESS

Tesla Loses Its EV Crown

Tesla, once the king of electric vehicles (EVs), has been dethroned. In 2025, BYD, a Chinese automaker, sold more EVs than Tesla. BYD sold 2. 26 million EVs, while Tesla sold 1. 64 million. This is a big deal because it's the first time Tesla has not been the top EV seller. Tesla's sales dropped fo

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Jan 03 2026BUSINESS

A Somers Point Staple Says Goodbye After 30 Years

A familiar face in Somers Point is about to disappear. Big Wally's Discount Furniture, a family-run store, is shutting its doors for good after 30 years. The owners, Donna and Wally Mabe, are ready to enjoy their retirement. They're selling the building and all its contents. The Mabes opened the st

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Jan 03 2026BUSINESS

Debunking Common Business Misconceptions: A Fresh Perspective

Many people think that running a business is all about working hard and making money. But a business mentor has some surprising advice. He says that some common beliefs about business are actually myths. These myths can hold people back from success. The mentor has helped over 1, 000 business owner

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Jan 03 2026BUSINESS

Luxury Retail Giant Faces Leadership Shake-Up Amid Financial Woes

Saks Global is going through a tough time. The company's CEO, Marc Metrick, has left his position. This comes as the luxury retail group is having trouble paying off its debts. The company missed a loan payment and is thinking about filing for bankruptcy. Richard Baker, who was the executive chairm

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Jan 03 2026BUSINESS

Greg Abel: The New Captain of Berkshire Hathaway

Greg Abel is now the boss at Berkshire Hathaway. He took over from Warren Buffett, who ran the company for a very long time. Abel is 63 years old. He has been with Berkshire since 2000. Before that, he was the CEO of MidAmerican, a utility company. At Berkshire, he helped turn MidAmerican into a bi

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Jan 03 2026BUSINESS

Electric Vehicle Market Shifts: Tesla Loses Top Spot

In a surprising turn of events, Tesla is no longer the leading electric vehicle (EV) manufacturer globally. This shift highlights the rapid growth and competition in the EV market. The company that took the top spot is BYD, a Chinese automaker that has been gaining momentum in recent years. The EV

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Jan 03 2026BUSINESS

A Chinese Tech Giant Expands Its Reach: Newberry Bakers Joins the Portfolio

In a surprising move, a Chinese tech company has just added a U. S. bakery to its growing collection of businesses. Dajialai Digital Technology Group Co. , Ltd. has taken control of Newberry Specialty Bakers, Inc. This deal is part of a bigger plan by Dajialai to build a large network of companies u

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Jan 03 2026BUSINESS

Job Market in Buffalo Niagara: A Mixed Picture

The job scene in Buffalo Niagara is a bit of a puzzle. Some areas are doing well, while others are struggling. This mix makes it hard to say if the job market is really getting better or worse. Let's talk about the good news first. Some industries are adding jobs. These include healthcare, educatio

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Jan 02 2026BUSINESS

Saks Global Shifts Leadership Amid Financial Turbulence

Saks Global is making big changes at the top. The company has a new CEO, Richard Baker, who is also keeping his role as executive chairman. This move comes as the luxury retailer is reportedly getting ready to file for bankruptcy. Marc Metrick, who has been with Saks for 30 years, is leaving to expl

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Jan 02 2026BUSINESS

Tesla's Recent Slowdown: What's Happening?

Tesla, a company known for its electric cars, has seen a drop in the number of vehicles it delivered in the last three months of the year. This decline is significant, with a 16% decrease compared to the same period the previous year. This news has led to a drop in the company's stock price. The de

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