Posts For November, 2019


Thinner U.S. crowds but Black Friday goes global

The frenzy associated with in-store Black Friday shopping was missing in the U.S. this year as more consumers shopped online, but discounting to lure shoppers that began in America has now spread to ...


Wall Street slips on Black Friday

Wall Street’s major indexes ended Friday’s shorter session lower as U.S.-China discord over Hong Kong fueled investor anxiety about trade talks and retail stocks dipped as in-store Black Friday sales appeared to draw ...


Bullish on Amazon on Black Friday: analyst

Exponential ETFs CEO Phil Bak explains why he’s concerned about the strength of the American consumer but yet bullish on Amazon.com in an interview with Reuters’ Fred Katayama on Black Friday. Source: US ...


Global funds hike stock allocations

Global funds recommended switching cash back into equities in November as stocks worldwide rose to near record highs. Fred Katayama reports. Source: US news

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Government should nationalize Kenya Airways quickly - CEO

The government must move quickly to nationalize Kenya Airways as regional competitors seeking to carve out market share pour cash into their national carriers, the airline’s chief executive told Reuters in an interview. ...


U.S. shoppers sniff out Black Friday deals

U.S. consumers hit the stores for Black Friday deals, as the unofficial start to holiday shopping begins with six fewer days between Thanksgiving and Christmas Day this year. Jillian Kitchener has more. Source: ...


Daimler latest German carmaker to slash jobs

Daimler is the latest automaker to announce big job cuts this week, saying at least 10,000 posts will go worldwide. Julian Satterthwaite reports. Source: US news

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Japan's Aeon signs up Ocado in online grocery bet

Japan’s biggest supermarket group, Aeon, has hired British online grocery pioneer Ocado to develop its e-commerce business, hoping to fend off rivals such as Amazon as more customers buy groceries online. Ciara Lee ...


Breakingviews TV: Fever pitch

Nov 29 – Buyout shop Silver Lake is buying about 10% of the company that owns British Premier League soccer club Manchester City, valuing it at $4.8 bln. Clara Ferreira Marques and Peter ...


Stocks shy of record highs as trade fears mount again

World shares slipped on Friday as a leading index strained for a record high, with nerves gnawing away from Asia to Europe over how, or when, the U.S. and China can agree a ...