Markets


Cyber Monday was biggest online sales day in history Cyber Monday was biggest online sales day in history
- November 30, 2016

However, it still generated $1.07 billion, a 34% YoY increase. Shoppers spent $3.45 billion on Cyber Monday on Samsung 4K TVs, PlayStation 4s and Barbie dolls among other products, marking the largest online sales day in USA history. "We'll be watching this closely next year as Black Friday could be the one to top the records", she said in a statement. The top-selling electronics on Cyber Monday were the Sony PlayStation 4 , Microsoft Xbox, Samsung 4K TVs, Apple iPhone and Amazon Fire . (more...)
Oil prices dip on scepticism ahead of OPEC meeting
- November 30, 2016

USA futures pointed to a slightly weaker open on Wall Street as traders returned to their desks following the Thanksgiving holiday, with oil prices firmly in focus ahead of a meeting of the Organization of the Petroleum Exporting Countries on Wednesday. (more...)
Fed's Kaplan backs rate hike in 'near future' Fed's Kaplan backs rate hike in 'near future'
- November 30, 2016

Nine regional Federal Reserve banks in October pushed for an increase in the rate commercial banks are charged for emergency loans, minutes from the Fed's Oct. The latest figures were boosted by strong consumer spending, though business investment was weaker than previously estimated. Economists surveyed by Bloomberg expect another solid jobs number on Friday when the Labor Department releases its employment report for November. (more...)
Amazon worker leaps from building at Seattle campus Amazon worker leaps from building at Seattle campus
- November 30, 2016

PT. In his email, the man also reportedly suggested that he may cause himself harm. The man miraculously survived the fall from the 12-storey building and sustained heavy injuries. Considering that the company has previously faced huge public criticism on occasions where employees have stepped forward and openly criticized it for its weak policies and bad work environment, Amazon's attempts to shun the bad press seem to have failed miserably this time. (more...)
Francois Fillon wins France's Conservative Presidential primary Francois Fillon wins France's Conservative Presidential primary
- November 30, 2016

Both Fillon and Juppe are high-profile leaders of the Republicans party who knocked their former boss - former President Nicolas Sarkozy - out of the primary's first round of voting a week ago. Fillon could face far-right National Front Party leader Marine Le Pen in the final round of the presidential vote next spring . Le Pen, candidate of her National Front party, is running an anti-establishment campaign that particularly targets immigrants, France's Muslim minority, and the European ... (more...)
What does a Trump presidency mean for Cuban-American relations?
- November 30, 2016

After Cuba began providing free health care and public education, Castro was embraced by progressives the world round for offering a functioning alternative to capitalist nations they saw as dominated by avarice. "We have lived for 50 years with the blockade so we are going to continue living the same way with or without Trump", Teresa Almentero, 52, a cigar roller, said after paying tribute to Castro in Revolution Square. (more...)
Mnuchin expected to be named Trump's treasury secretary
- November 30, 2016

His Dune Entertainment helped fund movies like the "X-Men" franchise, " Suicide Squad ", and " Mad Max: Fury Road ". As Warren sees it, Mnuchin's appointment "should send shivers down the spine of every American who got hit hard by the financial crisis" and is a clear signal that "Donald Trump has no intention of draining the swamp and every intention of running Washington to benefit himself and his rich buddies". (more...)
New Orleans shooting kills 1, injures 9
- November 30, 2016

He said two men were arrested on firearms charges - one of them a shooting victim. One of the men died from his injuries at a nearby hospital. New Orleans police study the crime scene after a fatal shooting on Sunday. "Anybody who has any information about what happened out here - what you saw, what you heard - we're asking you to call us", Harrison said. " It was panic ", said Glean Williams, 24, who was selling hats and other items at a table on Canal Street near Bourbon. (more...)
Philip Morris CEO looks towards discontinuing cigarettes Philip Morris CEO looks towards discontinuing cigarettes
- November 30, 2016

Still, the company has invested over $2 billion into potentially "reduced risk" products that deliver the addictive nicotine without the deadly smoke. USA researchers found stopping smoking even in retirement could help someone stay alive for longer. But when they tracked people of this age who had smoked, they found just 27.9 per cent of those who quit in their sixties had died - compared to a third of those who never gave up. (more...)
Senators push for 13 per cent backpack tax
- November 30, 2016

Senators the government needs to pass its controversial backpacker tax are demanding the rate be watered down for a third time. Senator Hinch and Senator Culleton met with Treasurer Scott Morrison late on Wednesday where they proposed meeting the government halfway, Senator Hinch told Sky News. (more...)
Trump nominates Pence ally to oversee Medicaid
- November 30, 2016

President-elect Donald Trump Tuesday announced that Seema Verma, the president, CEO and founder of SVC, Inc., a national health policy consulting company that has helped craft Medicaid expansion plans in Indiana, Kentucky, Iowa, Michigan and OH, would work under Tom Price, who now is a Congressman from Georgia but has been nominated for HHS Secretary. (more...)
GoPro announces restructuring, updates on holiday sales GoPro announces restructuring, updates on holiday sales
- November 30, 2016

The wearable cameramaker said the restructuring will include the closure of its entertainment division, a reduction in its office space and the elimination of more than 200 full-time positions plus the cancellation of open positions. "Consumer demand for GoPro is solid and we've sharply narrowed our focus to concentrate on our core business", adds Woodman. The entertainment division was a recent development by the company, born from an idea to build on the sales that already resulted from ... (more...)
Cyber Monday Breaks Records, Hits $3.4B in Online Revs
- November 30, 2016

Cyber Monday's status as the biggest online spending day of the year could be coming to an end, overwhelmed by a surge of shoppers hitting computers and smartphones instead of stores on Black Friday to chase deals earlier in the season. Overall, online shopping revenues in the United States over the entire Thanksgiving weekend (November 24-27) came in at $9.36 billion, a 16.4 percent increase compared to 2015. (more...)
Online shopping surpasses $3B as Black Friday sales drop
- November 30, 2016

The Consumer Technology Association says this is the year that the number of mobile (smartphone/tablet) shoppers has finally approached the number of online shoppers using desktop or laptop computers. They hit the stores Thursday night and Friday morning and started browsing online Saturday. Adobe measures 80% of all online transactions from the top 100 USA retailers, more than any other technology company, and uses its proven predictive model powered by Adobe Sensei to forecast online ... (more...)
Trump wants to see freedom in Cuba
- November 30, 2016

The petition was updated on Tuesday, and mentions Trump's voter-fraud and flag-burning tweets as examples of how the president-elect is promoting fake news. While the disagreement on human rights issues still stand, for the first time in decades, dialogue was opened. But before the election, he was pledging to reverse Obama's "one-sided" deal that he said only benefited the Castro government. (more...)
US consumer confidence jumps to highest level in 9 years US consumer confidence jumps to highest level in 9 years
- November 30, 2016

The Conference Board said Tuesday that its consumer confidence index registered 107.1 in November, up from 100.8 last month and highest since July 2007. The labor market didn't lift confidence as consumers outlook for the labor market was mixed. Employers have added an average 181,000 jobs a month so far this year, down from 229,000 a month in 2015 but still solid. (more...)
Oil prices surge on optimism over OPEC deal
- November 30, 2016

International Brent crude was trading at $46.85 per barrel at 0603 GMT, up 47 cents, or 1 percent, from its last close. "There will be a cut, yeah, definitely", Iraqi oil minister Jabbar Ali Hussein Al-Luiebi, told reporters. "Today, members like Iran and Iraq are equally strong and their agenda is to ensure they get a large market share". Iran's Zanganeh also suggested a deal was near, declaring "I'm optimistic". (more...)
Coolpad launches Note 3S and Mega 3 in India Coolpad launches Note 3S and Mega 3 in India
- November 30, 2016

It is expected that the Coolpad Note 3S to be launched as the successor to the Coolpad Note 3 that was launched last October and The Coolpad Mega 3 can be expected to be launched as the successor to the Coolpad Mega 2.5D. Mega 3 has three SIM card slots that support 4G and a MicroSD card slot. It will be available in Gold, Grey and White colour options. It gets its engines running with the help of a 3050mAh battery which is supposed to go on for 200 hours of standby time at a single stretch. (more...)
Royal Navy shipbuilding 'should go beyond the Clyde' Royal Navy shipbuilding 'should go beyond the Clyde'
- November 30, 2016

Mining executive Sir John Parker's report says that a " vicious cycle " of clinging onto ageing vessels for too long means the Royal Navy fleet is being depleted. "But I think as far as Scotland's concerned, the big prize - I call it a double first prize - is that my report has recommended that the whole series of Type 26 frigates should be built in Govan on the Clyde". (more...)
Some blacks applaud Castro legacy of racial equality
- November 30, 2016

Lourdes Rivera, a 66-year-old retired civil servant, sat on a curb and cried as she waited for her turn to enter the monument. "He's the father of all Cubans". The cause of death has not been announced. And entrepreneurs like Higueras hope the reform drive that has advanced at a painfully slow pace and with fits and starts will now accelerate more smoothly now that Fidel Castro has passed on. (more...)

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