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

Omicron BQ variants dominant, XBB circulating at low level

Omicron BQ variants dominant, XBB circulating at low level

A person receives a coronavirus disease (COVID-19) test as the Omicron coronavirus variant continues to spread in Manhattan, New York City, USA, on December 22, 2021. Andrew Kelly | Reuters Subvariants of the omicron BQ coronavirus have become dominant in the US as people gather and travel for the Thanksgiving holidays, putting those with compromised … 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

The collapse of Carvana, the ‘Amazon of used cars’, continues

The collapse of Carvana, the ‘Amazon of used cars’, continues

The sky does not clear up for Carvana. On the contrary, big clouds continue to hang over the company that was one of the big winners of the covid-19 pandemic, with massive growth. Since announcing its quarterly results on November 3, Carvana (CVNA) – Get a free report the shares have lost 44% of their … Read more