‘Black Friday’ Deals a Bust
Attention, holiday shoppers: Before you dart away from the Thanksgiving table or drag yourself out of a turkey coma in the wee hours Friday morning, you may want to pause. Many Black Friday deals are a bust, according to a report. An analysis of 21 Black Friday advertisements found that 95 percent of retailers plan to repeat some deals from last year, according to financial education website NerdWallet. And some major retailers,...
Stocks March Higher
New York (ap) — The stock market closed out its best week of the year Friday as big gains by retailers and technology companies pushed major indexes upward. Stocks faded as Friday wore on, but they still finished higher. The S&P 500 index climbed almost 3.3 percent for the week. By just a hair, that was its biggest weekly gain in 2015. Stocks climbed Monday and Wednesday as the U.S. market didn’t seem to be affected by a string...
Black Friday Sale Craze Losing Mojo
New York — Black Friday’s death has been greatly exaggerated before. This year, not so much. True, crazed bargain-hunters will never give it up, hooked on middle-of-the-night queues for blenders and fisticuffs over beds-in-a-bag. But the shopping day after Thanksgiving is growing less appealing for all involved. Retailers like Target and Best Buy are spreading discounts through more of November, skimping on costly race-to-the-bottom...
Nuance Missing in Jobs Report
Washington — When the U.S. jobs report is released each month, there’s typically enough nuance to offer something for everyone — the good and the bad. Friday proved to be a feast for the bears. “When you look through all the details of the data, there just isn’t anything good to hang your hat on,” said Thomas Simons, a money-market economist at Jefferies in New York. “It’s been years since we’ve seen such an unambiguously bad report.”...
Gold Drops to 1-Month Low
Gold fell to a one-month low and trading volume declined as investors held off on making big moves before Federal Reserve policymakers meet this week. Gold is headed for a third straight annual loss as steady growth for U.S. jobs and the economy strengthened the dollar and bolstered the case for the Fed to raise interest rates for the first time since 2006. Futures trading was about 22 percent below the 100-day average on Friday, data...
