Black Friday online sales top $9 billion at new record

Black Friday online sales top  billion at new record

Black Friday shoppers wait to enter the Coach store at the Opry Mills Mall in Nashville, Tennessee on November 25, 2022. Seth Herald | AFP | fake images Consumers spent a record $9.12 billion on online purchases on Black Friday this year, according to Adobe, which tracks sales on retailers’ websites. Overall online sales for … Read more

Amazon workers organize strikes and protests on Black Friday | News

Amazon workers organize strikes and protests on Black Friday |  News

Amazon employees and their supporters have demonstrated in dozens of countries to protest the retail giant’s labor policies, according to activists. From Germany and France to the United States, from India to Japan and the United Kingdom, Amazon employees put down their tools or joined marches on Friday demanding better working conditions and fair wages. … Read more

US bans Chinese telecom devices, citing ‘national security’ | Telecommunications News

US bans Chinese telecom devices, citing ‘national security’ |  Telecommunications News

The US Federal Communications Commission decision includes devices from Huawei, ZTE and other manufacturers. The US Federal Communications Commission (FCC) has announced that it will ban telecommunications and video surveillance equipment from prominent Chinese brands, including Huawei and ZTE, citing an “unacceptable risk to national security.” The five-member FCC said Friday it had voted unanimously … Read more

Inflation looms over shoppers hunting Black Friday deals

Inflation looms over shoppers hunting Black Friday deals

NEW YORK (AP) — Shoppers sought the best deals in stores and online as retailers offered new Black Friday discounts to entice consumers eager to start shopping for holiday gifts but plagued by inflation. With soaring prices for food, rent, gasoline, and other essentials, many people were reluctant to spend unless there was a big … Read more

5 things to know before the stock market opens on Friday, November 25

5 things to know before the stock market opens on Friday, November 25

michael nagle | Mayor Bloomberg | fake images Here is the most important news investors need to start their trading day: 1. Short day for actions We hope you had a great Thanksgiving. If you are scheduled to work today, please do not work too hard. US stock markets are falling early anyway, at 1pm … Read more

China’s tightening up against COVID-19 slows fuel rollback

China’s tightening up against COVID-19 slows fuel rollback

BEIJING, Nov 25 (Reuters) – Frustration simmers in China among residents and business groups navigating tighter COVID-19 controls as the country on Friday reported another all-time high for daily infections just weeks after it hopes of relief measures were raised. The resurgence of COVID cases in China, with 32,695 new local infections recorded on Thursday … Read more

Consumer inflation in Japan’s capital rises at fastest pace in 40 years

Consumer inflation in Japan’s capital rises at fastest pace in 40 years

November Tokyo Core CPI rose 3.6% vs. forecast +3.5% Tokyo CPI remains above BOJ’s 2% target for sixth consecutive month The data underscores the expansion of inflationary pressure TOKYO, Nov 25 (Reuters) – Core consumer prices in Japan’s capital, a leading gauge of national trends, rose at their fastest annual pace in 40 years in … Read more

Texas ‘Anti-Woke’ Bank Goes Bankrupt in 3 Months

Texas ‘Anti-Woke’ Bank Goes Bankrupt in 3 Months

A banking startup backed by billionaire Donald Trump supporter Peter Thiel and billed as “anti-awakening” to “pro-freedom” Americans is shutting down after less than three months. The bank, GloriFi, spent $50 million in investment money, laid off most of its staff on Monday and informed workers it was closing, The Wall Street Journal was first … Read more

Recession will be an inch deep but a mile wide, says UBS strategist

Recession will be an inch deep but a mile wide, says UBS strategist

Global economic conditions will change next year and that will change which markets and sectors will underperform, according to the chief strategist at UBS Investment Bank. Bhanu Baweja told CNBC’s “Squawk Box Europe” on Wednesday that between a third and a half of the countries the bank covers globally are facing a recession. “It’s an … Read more

Malaysia’s new PM Anwar vows to heal divided nation and economy

Malaysia’s new PM Anwar vows to heal divided nation and economy

KUALA LUMPUR, Malaysia (AP) — Veteran reform leader Anwar Ibrahim was sworn in as Malaysia’s prime minister on Thursday, vowing to heal a racially divided nation, fight corruption and revive an economy struggling with the rising cost of living. His rise to the top was a victory for political reformers who had been locked in … Read more