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☆ The sperm whale attack that inspired the novel 'Moby-Dick' may have also involved some aggressive killer whales
▼ + stars: | 2023-11-22 | by ( Maiya Focht | Hannah Getahun | ) www.businessinsider.com time to read: +6 min

This story is said to have inspired the novel "Moby-Dick," and was adapted into a 2015 film. In fact, killer whales may have been key characters in the infamous incident that inspired Herman Melville's 1851 novel "Moby-Dick." "Moby-Dick" is inspired by a sperm whale, not a killer whale, sinking the whaling boat "Essex" in 1820. From there, the sailors had to fight off the conditions of the open ocean and follow up attacks by possible orca whales. The novel that resurfaced the story of the EssexPhilbrick's book is a historical recount of what happened to the real sailors that inspired Melville's tale.

Persons: Moby, Dick, —, Herman Melville's, Nathaniel Philbrick's, Chris Hemsworth, Tom Holland, Cillian Murphy, Moby Dick, Essex, Hanne Strager, Philbrick, Melville, Owen Chase's, George Pollard Jr, Pollard Organizations: Service, New Bedford Whaling Museum, Smithsonian, Cruising Association, Business, New York Times Locations: Strait, Gibraltar, Essex, Nantucket, Polish, Moroccan, Danish

☆ The Desolate Wilderness
▼ + stars: | 2023-11-21 | by ( ) www.wsj.com time to read: 1 min

Landing Pilgrims Plymouth Massachusetts December 22nd 1620H ere beginneth the chronicle of those memorable circumstances of the year 1620, as recorded by Nathaniel Morton , keeper of the records of Plymouth Colony, based on the account of William Bradford , sometime governor thereof:So they left that goodly and pleasant city of Leyden, which had been their resting-place for above eleven years, but they knew that they were pilgrims and strangers here below, and looked not much on these things, but lifted up their eyes to Heaven, their dearest country, where God hath prepared for them a city (Heb. XI, 16), and therein quieted their spirits.

Persons: Nathaniel Morton, William Bradford Organizations: Plymouth Colony Locations: Plymouth Massachusetts, Leyden, Heb

☆ How the Voting Rights Act, Newly Challenged, Has Long Been Under Attack
▼ + stars: | 2023-11-21 | by ( Nick Corasaniti | More About Nick Corasaniti | ) www.nytimes.com time to read: +1 min

The Voting Rights Act, a landmark law that has for decades protected Black Americans from attempts to erode their political power, was dealt one of its most significant challenges this week when a federal appeals court moved to strike down a crucial part of the legislation. Beyond the country’s polarized racial politics, a large part of why the law has been such a magnet for legal challenges has to do with the nature of the American electoral system. With both parties angling for the smallest of edges, changes to voting rules and to the playing field of elections often end up in court. “And election litigation itself has increased markedly in the last two decades, so we shouldn’t be surprised if V.R.A. litigation and challenges to the V.R.A.

Persons: Lyndon, Johnson, it’s, ”, Nathaniel Persily Organizations: American, Stanford Law School, “

☆ Lowe’s, Best Buy and Kohl’s predict weak holiday
▼ + stars: | 2023-11-21 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

Best Buy, Lowe’s and Kohl’s all reported sales declines during their most recent quarter Tuesday and are forecasting holiday sales to drop from a year ago. In 2021, Holiday shopping sales spiked by 14% and grew by a healthy 5% last year. But Moody’s Investors Service said in a report today that consumers are “losing spending steam” and holiday sales will grow by just 1% to 3% this year. “Retailers offering a combination of value and non-discretionary essentials will see their sales outperform the broader retail industry this holiday season,” according to Moody’s. “One trend that’s sticking is a longer holiday season.

Persons: Corie Barry, TJ Maxx, Moody’s, ”, Berna Barshay Organizations: New, New York CNN, Shoppers, Consumer, Moody’s, Service, Walmart, Costco, “ Retailers, Retailers, Sporting Goods Locations: New York

Tim Boyle will be the New York Jets’ starting quarterback against the Miami Dolphins on Friday, two people familiar with the decision told The Associated Press. Wilson and the Jets’ offense have struggled mightily this season, and coach Robert Saleh pulled the 2021 No. New York went 0 for 11 on third down, but went 4 for 5 on fourth down against Buffalo. The Jets scored their first touchdown on offense since Oct. 29 on their only trip inside the Bills 20 on Sunday. Boyle was signed by Chicago off Detroit’s practice squad in November 2022 and spent the rest of the season with the Bears.

Persons: Tim Boyle, Boyle, Zach Wilson, Aaron Rodgers, Achilles, hasn't, Wilson, Robert Saleh, Wilson —, ” Wilson, Michael Carter, Jeremy Ruckert, Israel Abanikanda, Xavier Gipson, Jason Brownlee, Nathaniel Hackett, Rodgers, Trevor Siemian, Tim, ” Saleh, “, ___ Organizations: New York Jets, Miami Dolphins, Associated Press, NFL, Detroit Lions, NFL Network, Jets, Buffalo, AFC East, Dolphins, Black, Israel, New York, The Jets, Detroit, Lions, Chicago, Bears Locations: New York, New, Eastern Kentucky, Green Bay

☆ Target is testing a new self-checkout policy
▼ + stars: | 2023-11-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Target is testing a new self-checkout policy as retailers are finding the cashier-less technology can put off customers. At a handful of stores, Target has restricted self-checkout to customers buying 10 items or fewer. Target and other retailers had expanded self-checkout machines in recent years. Self-checkout machines sometimes break. Target said that merchandise losses, known as shrink, were not a factor in testing new self-checkout policies.

Persons: John Mulligan, “, we’ve, Michael Fiddelke Organizations: New, New York CNN, Target, BBC, Walmart, Costco, ” Locations: New York, United States, Britain

☆ Why America is panicking about shoplifting
▼ + stars: | 2023-11-17 | by ( Ally Hill | Nathaniel Meyersohn | ) edition.cnn.com time to read: +12 min

New York CNN —“Shoplifting in Great Department Stores.” “The Shoplifting Profession.” “No Mercy to Shoplifters.”These headlines could be from articles today. While shoplifting has seemingly never been a bigger problem than it is now, shoplifting has long captured the public’s attention. Angela Weiss/AFP/Getty ImagesAlthough shoplifting increased in some cities during the first half of the year compared to pre-pandemic levels, there is no clear national rise in shoplifting, according to a new analysis by the Council on Criminal Justice, a nonpartisan criminal justice policy organization. Middle-class women shoplifting in Victorian Britain during the 1800s were the focus of an early panic over shoplifting. Fears spread over middle-class women shoplifting during the early years of department stores.

Persons: New York CNN —, ”, ” James Walsh, Alex Vitale, Donald Trump, Angela Weiss, ” Vitale, Michael Flamm, San Francisco —, Adam Gelb, Tammy Whitlock, kleptomania, “ Said, Abbie Hoffman’s, ” Flamm, Abbie Hoffman, John Shearer, Barry Goldwater, Richard Nixon, JC Penney, ” David Johnston, Jeffrey Greenberg, we’d, Jeffrey Butts, “ Organizations: New, New York CNN, Great Department, University of Ontario Institute, Technology’s, CNN, Brooklyn College, ”, Getty, Criminal, Ohio Wesleyan University, “, San, New York Times, University of Kentucky, Consumer Culture, Times, Ohio Wesleyan, National Retail Federation, Retailers, Universal, Commerce, Chamber of Commerce, Department of Justice, “ Research, Research, John Jay College of Criminal Locations: New York, Shoplifters, Britain, America, New York City, Los Angeles, Dallas, Victorian Britain, England, Ohio, Vietnam

☆ A Ukrainian woman had to become a Russian citizen to get her broken arm treated in occupied Ukraine, her friend says
▼ + stars: | 2023-11-17 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Ukrainians in occupied areas have to get Russian passports for medical treatment, per an investigation. One woman had to get a Russian passport in order to get her broken arm treated, her friend said. AdvertisementA Ukrainian woman in an area occupied by Russia had to become a Russian citizen in order to get her broken arm treated, her friend said. She also said that "pensions are not provided without Russian passports, food is not provided without Russian passports, and medical services are out of the question." Their claims come after widespread reports that Russia is forcing schools in occupied Ukraine to teach Russia's curriculum and history.

Persons: —, Larysa, Nathaniel Raymond, Oksana Organizations: Service, European Broadcasting Union, Kremlin, BBC, EBU, Yale School of Public Health, CNN, Lyudmyla Locations: Russian, Russia, Ukraine, Ukraine's Zaporizhzhia, Ukraine's Crimea

☆ A Homeless Man Attacked Him. But Was There More to the Story?
▼ + stars: | 2023-11-16 | by ( Jesse Barron | More About Jesse Barron | ) www.nytimes.com time to read: +4 min

At least a few of the incidents had overlapping suspect descriptions: a white man in his 40s or 50s, at least 6 feet tall and weighing between 220 and 300 pounds. In the package that the district attorney sent to Hathaway, there was a grainy surveillance video of one of the previous attacks, which showed a heavyset white man approaching a man sleeping on the sidewalk, spraying him with a large canister and walking quickly away as the man writhed in pain. What kind of person would spray homeless people with bear mace? The answer, Hathaway would later tell the court, was clear: A person who says: “I’m a vigilante justice. I’m above and beyond the law.’”Until 2020, homelessness had not been a primary concern for Marina residents.

Persons: “, Carmignani, ”, Hathaway, ’, Nathaniel Roye, Ashley Buck Organizations: Marina, Moscone Locations: San Francisco, Marina, Lombard, Chestnut

☆ Canada Convicts White Supremacist in Killing of Four Muslims
▼ + stars: | 2023-11-16 | by ( Vjosa Isai | More About Vjosa Isai | ) www.nytimes.com time to read: 1 min

For four seconds, Nathaniel Veltman floored the gas pedal, hurtling his pickup truck toward a Muslim family of five out for an evening walk in London, Ontario, killing four of them. The jury, after less than a day of deliberating, found Mr. Veltman, 22, guilty of four counts of first-degree murder and one count of attempted murder involving the young boy in the June 2021 attack. Mr. Veltman was also charged with terrorism and jurors heard extensive evidence about his fixation with white supremacist ideologies. But under Canadian law, jurors were not expected to deliver a verdict on that charge, which will be decided later by a judge. The case represents the first time in Canada that terrorism charges have been applied to a far-right extremism case, according to the government agency that prosecutes federal crimes.

Persons: Nathaniel Veltman, Veltman Locations: London , Ontario, Canada

☆ Walmart CEO says food deflation may come soon
▼ + stars: | 2023-11-16 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Lower grocery prices may soon be coming for shoppers. Food prices have increased 25% since the pandemic started. The pace of food inflation has slowed in recent months, but food prices are mostly still going up. Food prices rose 3.3% annually in October from a year ago, according to the latest reading from the Labor Department. If you think prices will go down in the future, you may delay making a lot of purchases today.

Persons: Doug McMillon, ” McMillon, CNN’s Elisabeth Buchwald Organizations: New, New York CNN, Walmart, Labor Department, Federal Reserve Locations: New York, United States, Japan

REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Nov 16 (Reuters) - A 22-year-old self-confessed Canadian white nationalist who deliberately ran over and killed four members of a Muslim family in his truck in 2021 was found guilty of first degree murder on Thursday. The jury took around six hours to convict Nathaniel Veltman, who attacked the family in the Ontario town of London. It sets a precedent against white nationalist terrorism," said Abdul Fattah Twakkal, an imam at the London Muslim Mosque. It was the worst attack against Canadian Muslims since a man gunned down six members of a Quebec City mosque in 2017. In the manifesto, Veltman wrote "I am a white nationalist" and said white people were "facing genocide".

Persons: Flowers, Carlos Osorio, Nathaniel Veltman, Veltman, Islam, Salman Afzaal, Madiha Salman, Yumnah, Talat, Abdul Fattah Twakkal, Christopher Hicks, Tabinda Bukhari, Prosecutors, Ismail Shakil, David Ljunggren, Mark Potter, Nick Zieminski Organizations: REUTERS, Rights OTTAWA, Prosecutors, Canadian Broadcasting Corp, Canadian, Statistics Canada, Thomson Locations: London , Ontario, Canada, Ontario, London, Pakistan, Veltman, Quebec, New Zealand

☆ Target finally gets some good news. But there’s a catch
▼ + stars: | 2023-11-15 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —After a half year of negative headlines, culture war distractions and a massive stock slump, Target finally had something to cheer. Target’s profit beat Wall Street’s expectations last quarter, and the stock surged 14% in premarket trading Wednesday. Heading into Wednesday, Target’s stock had dropped 36% over the past year. But Target’s inventory levels are leaner than they were a year ago and Target is marking down fewer products. Target’s profit also grew from lower freight and supply chain costs.

Organizations: New, New York CNN, Target Locations: New York

☆ Toyota, Honda and Hyundai are raising wages in wake of big UAW wins
▼ + stars: | 2023-11-14 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +3 min

New York CNN —The United Automobile Workers’ won big wage and benefit gains in tentative contract agreements with Ford, General Motors and Stellantis. Now, non-union companies are rushing to give their non-unionized workers raises, too. Toyota said it’s raising wages by more than 9%, and Honda announced 11% wage hikes beginning next year. While the auto companies didn’t directly attribute their raises to the UAW, the UAW has said it will be targeting non-union factories in the wake of its big wins. UAW President Shawn Fain already encouraged non-union autoworkers to join the UAW, and Fain has called the non-union wage increases the “UAW bump.” The UAW hopes its new contracts with Detroit automakers will inspire other workers to unionize.

Persons: ” Hyundai, ”, A.J, Jacobs, Shawn Fain, autoworkers, Fain, ” Fain, Tesla, Thomas Kochan Organizations: New, New York CNN, United Automobile Workers ’, Ford, General Motors, Toyota, Honda, Hyundai, UAW, Labor, East Carolina University, Foreign, Detroit, Subaru, Volvo, BMW, Mercedes, MIT Sloan School of Management Locations: New York, Alabama, Georgia, United States, “

☆ Walmart, Costco and other companies rethink self-checkout
▼ + stars: | 2023-11-13 | by ( Robert Ilich | Nathaniel Meyersohn | ) edition.cnn.com time to read: +4 min

In the United States, Walmart, Costco, Wegmans and other chains have also revised their self-checkout strategies. British supermarket Booths is removing self-checkout machines. Paul Melling/Alamy Stock PhotoCustomers at Booths also frequently misidentified which fruits and vegetables they were buying when prompted by self-checkout machines. Walmart removed self-checkout machines at some stores in New Mexico earlier this year. Costco said it’s adding more staff in self-checkout areas after it found that non-members were sneaking in to use membership cards that didn’t belong to them at self-checkout.

Persons: we’ve, Nigel Murray, Paul Melling, ” Murray, “, ”, Lindsey Nicholson, ShopRite, Wegmans Organizations: New, New York CNN, Walmart, Costco, BBC ., Alamy, CNN, Getty Locations: New York, British, United States, BBC . British, Britain, New Mexico, Delaware

☆ China’s Middle East Clout Has Limits
▼ + stars: | 2023-11-12 | by ( Nathaniel Taplin | ) www.wsj.com time to read: 1 min

Employees work on a drilling platform in Iraq for a Chinese gas and oil company. Photo: Khalil Dawood/Xinhua/Getty ImagesFor most of the past decade, China’s story in the Middle East has been straightforward: endlessly rising investment, trade and influence. Having brokered a return to diplomatic relations between Saudi Arabia and Iran earlier this year and given its strong economic relationship with Israel, China has also found itself in the spotlight as the conflict in Gaza has boiled over. But is the Middle East destined to keep becoming—economically, at least—less middle and more east?

Persons: Khalil Dawood Organizations: Xinhua, Getty Locations: Iraq, Saudi Arabia, Iran, Israel, China, Gaza

☆ A majority of Americans tip 15% or less at dinner
▼ + stars: | 2023-11-10 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

But the majority of Americans say they tip 15% or less for a typical meal at a sit-down restaurant, according to a wide-ranging new poll on tipping attitudes from Pew Research Center. Fifty-seven percent of US adults surveyed told Pew they tip 15% or less for an average sit-down meal. By the latter part of the 20th century, a typical restaurant tip was 15%. The public is more likely to oppose than favor suggested tip amounts on screens. Forty percent of people oppose businesses suggesting tip amounts to their customers on screens.

Persons: There’s, Emily Post’s, they’re, ” Pew Organizations: New, New York CNN, Pew Research Center, Pew Locations: New York

☆ What orange juice futures tell us about the state of our world
▼ + stars: | 2023-11-08 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Cocoa and orange juice futures have hit multi-decade highs as climate change and harsh weather takes their toll on crops in warmer climates. Here’s the latest in the commodities market:Orange juiceOrange juice futures have soared to their highest levels since the commodity began trading in 1966. The January contract for frozen concentrated orange juice is currently sitting around $3.95, up nearly 94% so far this year. The rally has led to a rise in speculative betting, leading some analysts to call orange juice futures the new GameStop. But “the eventual crash in the price of orange juice will be one for the record books,” he quipped.

Persons: Nicole, it’s, they’re, ”, Dave Reiter, It’s, Brent, David Morrison, stoking, That’s, WeWork, Nathaniel Meyersohn, Ermengarde Jabir, Alicia Wallace, “, Ted Rossman Organizations: CNN Business, Bell, New York CNN, OJ, Sunshine State, Futures, GameStop, Reiter Capital Investments, Cocoa, West Texas Intermediate, “ Traders, Trade Nation . Energy, Wheat, Organisation for Economic Co, Federal Reserve Bank of New, New York Fed Locations: New York, Ukraine, Orange, US, Brazil, Mexico, Florida, Ghana, Ivory Coast, Ivory, Chicago, Southeast Asia, Europe, China, Russia, America, United States

☆ WeWork’s bankruptcy could have a painful effect on cities
▼ + stars: | 2023-11-07 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +6 min

WeWork’s bankruptcy will increase financial stress on commercial landlords that have rented large chunks of their office buildings to the co-working company. About $270 billion in commercial real estate loans held by banks will come due in 2023, according to Trepp, a commercial real estate data provider. “This is another huge problem for the office market to contend with.”No single tenant can make or break the office market, he said. Around 42% of WeWork’s occupancies are in those three cities, according to CoStar, a commercial real estate data firm. Commercial real estate was hit hard by the pandemic, with fewer people returning to offices and spending money in downtown corridors.

Persons: WeWork, ”, Ermengarde Jabir, Goldman Sachs, Stijn Van Nieuwerburgh, Peter Morgan, ” Alie Baumann, can’t, “, ” Baumann, Van Nieuwerburgh Organizations: New, New York CNN, Silicon Valley Bank, Signature Bank, Columbia Business School, Cities, New York City’s Locations: New York, America, Silicon, New York City, San Francisco, Boston, New York City . New York, NYC, New, United States, Columbia

EAST RUTHERFORD, N.J. (AP) — The New York Jets' defense did its job — again. Zach Wilson and the offense? “I think we all just kept taking turns," Wilson said after the Jets' 27-6 loss to the Los Angeles Chargers on Monday night. We've got to find a way.”The Jets held Justin Herbert to 136 yards on 16-of-30 passing and the Chargers gained just 191 total yards. “It just wasn’t good enough.”The Jets have been the NFL's worst team on third down and in the red zone — and those problems continued against the Chargers.

Persons: —, Zach Wilson, Wilson, ” Wilson, We've, Justin Herbert, Joey Bosa, Khalil Mack, Tuli, Robert Saleh, “, Saleh, Nathaniel Hackett, Aaron Rodgers, Garrett Wilson, ” Saleh, Tyler Conklin, ” Hall, It'll, “ We’ve, we’ve Organizations: New York Jets, Jets, Los Angeles Chargers, AFC, ”, Chargers, New Locations: RUTHERFORD, N.J, New York, Angeles, Wilson . New York, Los Angeles, Las Vegas

☆ Jayson Tatum makes franchise history as Boston Celtics down Brooklyn Nets
▼ + stars: | 2023-11-05 | by ( Manav Tanneeru | Issy Ronald | ) edition.cnn.com time to read: +2 min

CNN —Jayson Tatum made Boston Celtics history on Saturday as he became the youngest player to score 10,000 points for the franchise, a landmark he reached during their 124-114 victory over the Brooklyn Nets. That’s cool,” he said afterwards, according to the Celtics’ official website. Tatum is the 10th youngest player in NBA history to reach the milestone. Nathaniel S. Butler/NBAE/Getty ImagesTatum poured in 32 points against the Nets, the fourth time he has scored more than 30 points this season, as the Celtics extended their unbeaten streak. His coach Joe Mazzulla paid tribute to Tatum’s “open-mindedness” and work ethic afterwards as he celebrated his star player’s achievement.

Persons: Jayson Tatum, “, “ I’ve, I’ve, Tatum, Antoine Walker, Nathaniel S, Butler, Joe Mazzulla, Tatum’s, ” Mazzulla, Franz Wagner, Paolo Banchero, Joel Embiid Organizations: CNN, Boston Celtics, Brooklyn Nets, Celtics, Nets, NBA, Orlando Magic, Los Angeles Lakers, Philadelphia 76ers, Phoenix Suns, Denver Nuggets, Chicago Bulls

ST. LOUIS (AP) — Toronto third baseman Matt Chapman and outfielder Kevin Kiermaier won their fourth Gold Gloves, while New York Yankees rookie shortstop Anthony Volpe and Colorado rookie center fielder Brenton Doyle were among 13 first-time winners of the fielding honor. Cleveland second baseman Andrés Giménez and left fielder Steven Kwan won their second Gold Gloves, along with Cubs shortstop Dansby Swanson and left fielder Ian Happ and Arizona first baseman Christian Walker. First-time AL winners included Texas catcher Jonah Heim, first baseman Nathaniel Lowe and right fielder Adolis García, Toronto pitcher José Berríos, Houston utilityman Mauricio Dubón and Volpe. Mookie Betts of the Los Angeles Dodgers had won six straight Gold Gloves. Volpe became the second rookie to win at shortstop.

Persons: Matt Chapman, Kevin Kiermaier, Anthony Volpe, Brenton Doyle, Rawlings, Cleveland, Andrés Giménez, Steven Kwan, Dansby Swanson, Ian Happ, Christian Walker ., Jonah Heim, Nathaniel Lowe, Adolis García, José Berríos, Houston utilityman Mauricio Dubón, Fernando Tatis Jr, utilityman, Seong Kim, Zack Wheeler, Gabriel Moreno, Nico Hoerner, Ke’Bryan Hayes, Doyle, Hayes, Nolan Arenado, Louis, Ichiro Suzuki, Mookie Betts, Kwan, Swanson, Happ, Walker, Volpe, Houston’s Jeremy Peña, Chapman, Giménez, Wheeler, ___ Organizations: LOUIS, — Toronto, Gloves, New York Yankees, Chicago Cubs, Sunday, Cubs, NL, San, Seattle, Los Angeles Dodgers, Elias Sports Bureau, Society, American Baseball Research Locations: Colorado, Toronto , Texas, Arizona, Toronto, Volpe, San Diego, Philadelphia, Pittsburgh, St

☆ Mummified baboons found in Egypt have puzzled scientists for 118 years. Now we finally might know how they got there and why.
▼ + stars: | 2023-11-05 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com time to read: +9 min

Mummified remains of baboons in Egypt found over a century ago have long puzzled researchers. AdvertisementAdvertisementNew research on the mysterious remains of mummified baboons, found far from their natural habitat over a hundred years ago in Egypt, has shed light on the sacred significance of the primates in the ancient Arabian Peninsula. Kopp's discovery is the first time ancient DNA from a mummified non-human primate has successfully been analyzed to this extent. The exact location of Punt, Kopp told Insider, has long puzzled researchers due to references to the town being found in significant texts and artwork but not found on existing maps. And they even mummified baboons, which any primatologist will tell you is puzzling."

Persons: —, Gisela Kopp, Kopp, Gabbanat, Patrick Ageneau Kopp, they're, Pesky, Nathaniel Dominy, Dominy, you'd, Thoth Organizations: Service, University of Konstanz, Musee des Confluences, Dartmouth College Locations: Egypt, Adulis, Eritrea —, Africa, Eritrea, Punt, Lyon, France, Qurud

☆ Retailers predict a slower holiday shopping season
▼ + stars: | 2023-11-02 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

New York CNN —Retailers are projecting slower growth this holiday shopping season as inflation, higher borrowing costs, and the resumption of student loan repayments cause many consumers to pull back. The government reported that strong consumer spending drove the economy to a robust 4.9% annual growth rate in the July-September quarter. Consumer confidence dropped for the third consecutive month despite the booming economy. The resumption of student loan repayments last month after a three-year pause could also impact consumer spending. “Student loan repayments will diminish the already dwindling savings among younger households,” Moody’s said in a report this week.

Persons: Matthew Shay, ” Dana Peterson, “ Consumers, ”, ” Moody’s, ” Shay Organizations: New, New York CNN — Retailers, National Retail Federation, “, Consumer, Conference Board, Consumers Locations: New York, splurging

☆ Beware a Chinese Fall Stall
▼ + stars: | 2023-11-01 | by ( Nathaniel Taplin | ) www.wsj.com time to read: 1 min

A construction site by Country Garden in Tianjin, China. The developer is now fighting for survival. Photo: TINGSHU WANG/REUTERSIn July, when worries about China’s economic recovery were first beginning to percolate more widely, analysts fixated on a curious bit of language from the Politburo: the recovery was developing in a winding, “wave-like” manner. Nearly half a year later, that characterization is looking more and more apt.

Persons: TINGSHU WANG Organizations: Garden, REUTERS Locations: Tianjin, China

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