Business
Inflation? Recession? Starting Black Friday, holiday shoppers are planning to spend
Pedestrians view the holiday windows at the Macy’s Inc. flagship department store in the Herald Square area of New York, U.S., on Thursday, Dec. 2, 2021. Bloomberg | Bloomberg | Getty Images Americans are not planning major cuts in holiday spending this year, starting with Black Friday, despite inflation fears and the risk of recession […]
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Retail expert Dana Telsey breaks down the holiday season’s potential winners and losers
This holiday season, Telsey Advisory Group CEO Dana Telsey expects more in-store shoppers and a movement away from spending on home improvement to clothing and beauty as consumers exit the pandemic mindset. But not all retail companies are on equal footing. “I think this holiday season’s gonna be about in-person shopping,” Telsey said on “Squawk […]
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Amid persistent inflation, cash-strapped consumers are tipping less
The Sweetly Bakery & Cafe in Battleground, Washington Source: Irina Sirotkina It’s the holiday season, yet Americans are feeling a little less generous. With inflation near record highs, cash-strapped consumers have started to tip less — especially when it comes to fast casual dining and carryout. “Tipping is that first sign towards reduced spending,” said Amanda […]
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Stocks making the biggest moves premarket: Activision Blizzard, Tesla, Manchester United and others
Check out the companies making headlines before the bell: Activision Blizzard (ATVI) – Activision Blizzard slid 3.3% in premarket trading after Politico reported the Federal Trade Commission is likely to sue to block Microsoft‘s $69 billion purchase of the videogame publisher. Tesla (TSLA) – Tesla said its Full Self Driving Beta software is now available […]
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Adidas launches investigation into Ye conduct claims
Kanye West at an event announcing a partnership with Adidas on June 28, 2016 in Hollywood, California. Getty Images Adidas said it is investigating accusations made by staff relating to the conduct of the musician Ye during his partnership with the German sportswear brand and the response of senior company figures. The company said in […]
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5 things to know before the stock market opens Friday
Michael Nagle | Bloomberg | Getty Images Here are the most important news items that investors need to start their trading day: 1. Short day for stocks We hope you had a terrific Thanksgiving. If you’re scheduled to work today, please don’t work too hard. U.S. stock markets are knocking off early, anyway, at 1 […]
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Postal workers in the UK launch Black Friday strike as industrial action sweeps the country
LONDON – Strikers from the CWU Trade Union attend the picket line at Peckham Royal Mail centre on November 24, 2022 in London, England. Strikes planned for the Black Friday weekend and the run-up to Christmas will go ahead after talks between Royal Mail and the Communication Workers Union ended without agreement. Guy Smallman/Getty Images […]
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Renault wants to use water from depths of 4,000 meters to supply heat to an old production plant
A Renault logo photographed in Bavaria, Germany. The French automotive giant says it’s targeting carbon neutrality in Europe by 2040 and globally by 2050. Igor Golovniov/Sopa Images | Lightrocket | Getty Images The Renault Group is working with French utility Engie on the development of a geothermal energy project at the automaker’s Douai facility, with […]
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After decades as a nuclear powerhouse, France makes its play in offshore wind
This image, from Sept. 2022, shows French President Emmanuel Macron speaking with workers on board a boat during a visit to the Saint-Nazaire Offshore Wind Farm. Stephane Mahe | AFP | Getty Images A facility described as “France’s first commercial-scale offshore wind project” is fully operational, multinational utility EDF said this week. The news represents […]
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These economies are booming as Putin’s war drives migrants and money out of Russia
Russians cross the border between Russia and Georgia days after President Vladimir Putin announced a mobilization drive on September 21. Daro Sulakauri | Getty Images News | Getty Images As many economies reel from the impact of Russia’s invasion of Ukraine, a select few countries are benefiting from an influx of Russian migrants and their […]
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