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☆ Paris Hilton says she kept her newborn daughter London a secret from her family and surprised them at Thanksgiving
▼ + stars: | 2023-11-28 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +2 min

Paris Hilton said that she surprised her family with her newborn daughter over Thanksgiving. Hilton said on "Live with Kelly and Mark" that she kept the baby a secret from her family. AdvertisementNot only did Paris Hilton surprise fans over Thanksgiving by announcing she had welcomed a newborn daughter — but she surprised her family, too. In an appearance on "Live with Kelly and Mark" Monday, Hilton said that she and her husband Carter Reum kept the arrival of baby London a secret from her family until the holiday. In March, Hilton told Rolling Stone that she surprised her mom, Kathy Hilton, with baby Phoenix while they were exchanging belated Christmas gifts.

Persons: Paris Hilton, Hilton, Kelly, Mark, —, Carter Reum, Reum, Phoenix, Rolling Stone, Kathy Hilton, Kathy, Peacock Organizations: Service, Paris Hilton, Business, London, TMZ, Rolling Locations: London, Phoenix, Paris, Love

☆ Fact Check: Fabricated Marjorie Taylor Greene Thanksgiving post stems from satire
▼ + stars: | 2023-11-28 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A post by a parody account impersonating U.S. Representative Marjorie Taylor Greene apologizing to People for the Ethical Treatment of Animals (PETA) for eating turkey on Thanksgiving is being taken seriously by some online. It was posted on X (archived), formerly known as Twitter, and reads: “Sorry PETA, we are eating good today. The account, which uses the handle @MTGrepp and the username Marjorie Taylor Greene Press Release (Parody), has a bio (archived) that reads: “On a mission to arm wrestle Elon Musk. Some (archived) people (archived) responded to the post the post as if it were real. The post was shared by a Marjorie Taylor Greene parody account.

Persons: Marjorie Taylor Greene, Greene, Elon Musk, ”, Read Organizations: Animals, PETA, Twitter, MTG Army, Reuters, Thomson Locations: Northwest Georgia

☆ Retail landlords have the upper hand in renting, says Piper Sandler's Alexander Goldfarb
▼ + stars: | 2023-11-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRetail landlords have the upper hand in renting, says Piper Sandler's Alexander GoldfarbAlexander Goldfarb, managing director and senior research analyst at Piper Sandler, joins 'Power Lunch' to discuss the state of retail REITs after the Thanksgiving holiday shopping weekend.

Persons: Piper Sandler's Alexander Goldfarb Alexander Goldfarb, Piper Sandler

☆ 9 of the most daring looks Dolly Parton has worn this year, so far
▼ + stars: | 2023-11-28 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +1 min

Dolly Parton, 77, performed at the Dallas Cowboys-Washington Commanders NFL game on Thanksgiving. Parton shocked the internet by wearing a Dallas Cowboys cheerleader outfit with a shimmering bodysuit. Here's a look at Parton's most daring looks from 2023. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Despite the fanfare, it's not Parton's first time showing off her daring style this year — take a look.

Persons: Dolly Parton, Parton, —, it's Organizations: Dallas Cowboys, Washington, NFL, Service

☆ Thanksgiving weekend dealhunters came broke records but their spending didn’t
▼ + stars: | 2023-11-28 | by ( Parija Bhatnagar | Parija Kavilanz | ) edition.cnn.com time to read: +3 min

New York CNN —More people than ever flocked to stores and websites over the Thanksgiving and Black Friday holiday weekend this year, but consumers didn’t quite break the spending record set in recent years. The group said consumers spent $321.41 on average (unadjusted for inflation) on these types of items compared to $325.44 over the same time last year. The Thanksgiving holiday weekend typically marks the start of the year-end gift-buying rush. The NRF’s own projection calls for a slowdown in holiday sales growth this year. And for Cyber Monday, the numbers were even stronger — consumers spent $12.4 billion, a 9.6% increase from 2022.

Persons: New York CNN —, trumping, NRF, It’s, ”, Matt Shay Organizations: New, New York CNN, National Retail Federation, Industry, ”, Adobe Analytics Locations: New York

☆ Thanksgiving holiday weekend breaks shopping records
▼ + stars: | 2023-11-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThanksgiving holiday weekend breaks shopping recordsMatt Shay, National Retail Federation CEO, joins 'Squawk on the Street' to discuss how the holiday consumer is holding up, the difference in shopper traffic between Friday and Saturday, and more.

Persons: Matt Shay Organizations: National Retail Federation

WASHINGTON (AP) — A Democratic lawmaker moved Tuesday to force a vote this week on expelling Rep. George Santos from the House, calling it a necessary step if Republicans fail to take action in light of the recent ethics report that found Santos blatantly stole from his campaign and deceived donors. Rep. Robert Garcia, D-Calif., brought back to the floor legislation he first introduced in February to force the expulsion vote. “Whatever it takes to get that vote this week, is what we're doing,” Garcia said. Expelling Santos, a Republican from New York, would require support from at least two-thirds of House members voting. Santos has rejected any suggestion he step down before an expulsion vote.

Persons: George Santos, Santos, Robert Garcia, Garcia, ” Garcia, ” Santos, Kevin McCarthy, Zoe Lofgren, “, ” Lofgren, Santos “, Rep, Michael Guest, Guest, Mike Johnson Organizations: WASHINGTON, —, Democratic, Republican, New York Republicans Locations: New York, Florida

☆ After blocking hundreds of promotions, Tuberville said the US has 'the weakest military than we've probably had in my lifetime'
▼ + stars: | 2023-11-28 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Tuberville said the US has "the weakest military that we've had in probably a year in my lifetime." NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementRepublican Sen. Tommy Tuberville said in a recent interview that he believes the US currently has "the weakest military that we've had in probably a year in my lifetime." "We've got the weakest military that we've had in probably a year in my lifetime," he added.

Persons: Tuberville, we've, Biden, he's, —, Republican Sen, Tommy Tuberville, Newsmax's Eric Bolling, We've, Joe Biden, Defense Austin, he'd, Chuck Schumer, Schumer, Rick Scott, Josh Hawley, Mike Lee, JD Vance, Mitch McConnell Organizations: Service, Republican, Defense, Democratic Locations: Sens

☆ Premarket stocks: Why investors are looking forward to 2024
▼ + stars: | 2023-11-28 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

The S&P 500 currently sits around 4,550. BMO’s chief investment strategist Brian Belski has predicted that the S&P 500 will close out 2024 at a healthy 5,100. The S&P 500 has gained about 18.5% so far this year after falling nearly 20% in 2022. Despite elevated borrowing costs, three years of high inflation and increasing numbers of Americans dipping into their retirement plans, consumers continue to keep the US economy chugging. Google accounts include everything from Gmail to Docs to Drive to Photos, meaning all content sitting across an inactive user’s Google suite is at risk of erasure.

Persons: New York CNN — It’s, ”, Candace Browning, Browning, Goldman Sachs, Lori Calvasina, America’s Savita Subramanian, Subramanian, Brian Belski, “, Matt Egan, ” Michelle Meyer, Jennifer Korn, it’s, Google Organizations: New, New York CNN, Bank of America, RBC, BMO Capital Markets, Deutsche Bank, RBC Capital Markets, Bank, America’s, Federal Reserve, Mastercard Economics Institute, CNN, Adobe Analytics, Google Locations: New York

☆ Thanksgiving TV broadcasts drew record-breaking ratings, even as industry grapples with cord-cutting
▼ + stars: | 2023-11-28 | by ( Drew Richardson | ) www.cnbc.com time to read: +4 min

NBC drew an all-time record 28.5 million viewers this year during its broadcast of the 97th annual Macy's Thanksgiving Day Parade, up 6% from last year, Variety reported Friday. Despite the trend, more than two-thirds of the parade audience, about 22.3 million viewers, tuned in via traditional TV, according to Variety. The game captured 41.8 million viewers based on Nielson data, peaking at nearly 44.3 million viewers. Fox's Packers-Lions matchup grabbed 33.7 million viewers per Nielson, the most watched Thanksgiving Day game ever for the 12:30 p.m. The game was also NBC Sports' most-streamed primetime NFL Thanksgiving game ever, with viewership led by its platform Peacock, NBC Sports said Friday.

Persons: Nielson, Amazon, Patrick, Kevin Krim, Krim Organizations: NBC, Variety, CBS, Dallas Cowboys, Washington, Nielson, year's Cowboys, Giants, Paramount, Fox's Packers, Lions, Fox, NBC Sports, San Francisco 49ers, Seattle Seahawks, Bears, Packers, NFL, New York Jets, Miami Dolphins, Black, Fox Sports, EDO Inc

☆ Amazon touts 'record-breaking' sales in kickoff to holiday shopping season
▼ + stars: | 2023-11-28 | by ( Annie Palmer | In Annierpalmer | ) www.cnbc.com time to read: +2 min

Amazon said Tuesday it rang up "record-breaking" sales in the run-up to Cyber Monday as consumers, still pinched by inflation, sought discounts. The company said the period from Nov. 17 to Cyber Monday marked its "biggest ever" holiday shopping event compared to the same 11-day stretch last year. Amazon, which did not disclose actual sales figures, added that shoppers worldwide bought more than 1 billion items during the period. Retailers and analysts were cautious heading into this year's holiday shopping season. While consumers have remained resilient, grocery prices remain high, and the resumption of student loan payments has eaten into some shoppers' holiday budgets.

Persons: Doug Herrington Organizations: Amazon, Deal, Worldwide Amazon Stores, U.S, Adobe Analytics, Adobe's Locations: Robbinsville , New Jersey, U.S

☆ Here's why we see no reason to curb our enthusiasm for stocks heading into December
▼ + stars: | 2023-11-28 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

Don't listen to the bears: The incredible rally in stocks this month isn't over yet. The Dow and S & P 500 are on track to finish November — ending with Thursday's close — 7% and 8.4% higher, respectively. .SPX ALL mountain Long term look at the S & P 500 index We don't see any reason to curb our enthusiasm for stocks heading into the final month of 2023. With nearly all S & P 500 companies reporting results as of Nov. 17 (the last update from FactSet), 82% beat estimates on earnings while 62% beat on sales. The S & P 500 is bumping up against the highs of the year last reached in July, and the S & P Oscillator came into the week very overbought, a factor prompting us to book some profits and raise some cash.

Persons: Thursday's, Let's, Locker, bullish, Jim Cramer's, Jim Cramer, Jim, Brendan Mcdermid Organizations: Dow, Stock Traders, Federal Reserve, Energy, Meta, Adobe Analytics, Mastercard, Adobe, Shoppers, TJX Companies, PCE, Jim Cramer's Charitable, CNBC, New York Stock Exchange Locations: Santa, New York City, U.S

Thirty-three Palestinian prisoners released by Israel arrived early Tuesday in east Jerusalem and the West Bank town of Ramallah. Political Cartoons View All 1267 ImagesCurrently:— Israel and Hamas extend their truce, but it seems only a matter of time before the war resumes. So far, Hamas has released 69 hostages, including 51 Israelis, and Israel has released 150 Palestinian prisoners. Fifty Israeli hostages have been freed under the terms of an initial four-day truce, which has been extended to Wednesday. Israel has said it would extend the cease-fire by one day for every 10 additional hostages released.

Persons: Israel, — Israel, — Freed, — Blinken, Israel —, “, Israel — Kfir Bibas, Ariel, Eylon, Kfir’s, ”, William Burns, David Barnea, Burns, Barnea, Isabel Debre, Jon Gambrell, Eli Cohen, Parnpree, Thais, ” Parnpree, Cohen, GAZA WASHINGTON —, Biden, Benjamin Netanyahu, Joe Biden, Constantinos Letymbiotis, Nikos Christodoulides, Christodoulides, Qatar’s, Sheikh Tamim bin Hamad Al Thani, Catherine Colonna, Antonio Guterres, Guterres, ” Israel, ” Elad Levy, Levy’s, Roni Eshel, ” Levy, Antony Blinken, John Kirby, Jason J, Eaton, General Merrick Garland Organizations: Hamas, West Bank, Health Ministry, —, TEL, CIA, DUBAI, United Arab Emirates, Officials, U.S, The Washington Post, Shamir, Thais, GERMANY BERLIN, White, Israeli Defense Forces, Cyprus ’, Cypriot, AP, UNIT, Gaza Health Ministry, Shifa, World Health Organization, PARIS, Foreign, RTL, UN, UNITED NATIONS, United Nations, Palestinian, of Solidarity, AS US, FIRE BRUSSELS, State Department, NATO, Organization for Peace, Security, National Security, MEN, UNIVERSITY OF VERMONT, BURLINGTON , Vermont —, University of Vermont, U.S . Department of Justice Locations: Israel, Gaza, Jerusalem, Ramallah, East, israel, ISRAEL, TEL AVIV, Israeli, Tel Aviv, QATAR, United Arab, Qatar, Egypt, ___, Dubai, United Arab Emirates, JERUSALEM, GERMANY, Germany, Berlin, GAZA WASHINGTON, CYPRUS, GAZA NICOSIA, Cyprus, CAIRO, Shifa, Europe, France, CANBERRA, Australia, Australia’s, Canberra, Ukraine, Brussels, Skopje, North Macedonia, UNIVERSITY, BURLINGTON , Vermont, Vermont, Burlington

☆ There will be no pause in Biden’s headache over the Israel-Hamas war
▼ + stars: | 2023-11-28 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —A 48-hour extension to the Israel-Hamas truce will not pause the strategic dilemmas and political headaches wracking the Biden administration over the war. That could cause more civilian casualties, like earlier in the war, which included bombing of civilian areas and sieges over Gaza hospitals. The dangers for US personnel were underscored when American officials said Sunday that two ballistic missiles were fired from Houthi rebel-controlled Yemen toward a US warship in the Gulf of Aden. The missing AmericansUS officials watched Hamas’ release of another 11 hostages on Monday – the final day of the original truce deal – especially carefully. The likelihood therefore is that he’ll face a similar or even more intense political headache when the war begins again.

Persons: wracking, Biden, Abigail Edan, “, John Kirby, CNN’s Wolf Blitzer, ” Yehuda Beinin –, Liat Beinin, –, Aviv Atzili, ”, CNN’s Erin Burnett, Washington, ” Kirby, Rachel Goldberg’s, Hersh, Jake Tapper, ” Goldberg, we’re, Benjamin Netanyahu, GOP Sen, Tom Cotton, Antony Blinken, Netanyahu, Israel’s, Mason, Mark Esper, Trump, ” Esper Organizations: CNN, Hamas, Democratic Party, Israel, Sunday, National Security, America, Islamic, Nova Music, GOP, Fox, West Bank, Muslim American, Washington Post, Pentagon Locations: Israel, Gaza, Ukraine, Yemen, Gulf, Aden, Washington, Arkansas, Dubai, Iran, Iraq, Syria

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2023. Multiple Fed policy voting members are scheduled to speak during the day, including Board Governors Christopher Waller and Michelle Bowman. Murphy & Sylvest's Nolte said investors were "digesting very, very strong gains for the month of November," referring to the declines. Declining issues outnumbered advancers for a 1.92-to-1 ratio on the NYSE and for a 1.63-to-1 ratio on the Nasdaq. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Paul Nolte, Sylvest, Governors Christopher Waller, Michelle Bowman, Murphy, Sylvest's Nolte, advancers, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, billings Boeing, RBC, Nasdaq, Federal Reserve, Murphy, Governors, Reuters, Dow Jones, Micron Technology, RBC Capital Markets, PDD Holdings, NYSE, Thomson Locations: New York City, U.S, billings, Bengaluru

☆ Discounts drew crowds but Black Friday week sales gain softest in years -report
▼ + stars: | 2023-11-28 | by ( Amina Niasse | ) www.reuters.com time to read: +3 min

People shop at the Shops at the Oculus and Westfield Shops during Black Friday shopping in New York City, U.S., November 24, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsNEW YORK, Nov 28 (Reuters) - U.S. in-store retail sales swelled last week by the most since December courtesy of aggressive discounts, but the year-over-year sales gain for the week covering the traditional Black Friday shopping season kick-off was the smallest in six years. Sales volumes increased for retailers during the Black Friday weekend where cost-aware consumers sought out larger discounts on expensive purchases, according to the report. Buyers are experiencing the cheapest holiday shopping season in years with toys, games, and hobby gear dipping in price for the first time since 2020. Reuters GraphicsDespite the sales gain, the increase is the smallest Black Friday-week gain since 2017's 4.8% year-over-year increase.

Persons: Brendan McDermid, Buyers, ”, Steve Sadove, Amina Niasse, Andrea Ricci Organizations: Westfield Shops, REUTERS, Research, Sporting, Bureau of Labor Statistics, Mastercard, “, Thomson Locations: New York City, U.S

Consumers grew somewhat more optimistic about the future of the economy in November as expectations about inflation improved, but their sense of the current state of affairs worsened a bit. Still, two-thirds of consumers surveyed still expect a recession to be “somewhat” or “very likely” within the next 12 months. However, that is well above current inflation of 3.2% and forecasts from the Federal Reserve and mainstream economists. In the peak hour from 10 p.m. to 11 p.m. EST, consumers spent $15.7 million a minute, according to online analytics firm Adobe. One thing that might make some consumers happy is that home prices continued to increase in September.

Persons: ”, Dana Peterson, ” Peterson, Jeffrey Roach, Craig J, Lazzara, Lisa Sturtevant Organizations: Conference, Federal Reserve, LPL, “, Adobe, MLS Locations: Detroit, San Diego

Spending online on Cyber Monday is set to reach as much as $12.4 billion, according to Adobe Digital Insights, which tracks data through Adobe's Experience Cloud service for e-commerce platforms. Last-minute shoppers on Monday could spend $4 billion between 6 p.m. and 11 p.m. EST alone, it said. Other firms use different measurements to gauge purchases on Cyber Monday, the biggest online shopping day of the year in the United States. Salesforce, which tracks data flowing through its Commerce Cloud e-commerce service, said online sales on Cyber Monday were up by 4% by 4 p.m. EST, hitting $7 billion by late afternoon. Walmart, eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days.

Persons: Salesforce, Eduardo Munoz, Brian Yacktman, Charles Sizemore, Sizemore, Siddharth Cavale, Deborah Sophia, Aishwarya Venogupal, Ananya Mariam Rajesh, David Gregorio, Nick Zieminski, Matthew Lewis Organizations: Adobe Digital, Adobe, Commerce, Shoppers, Workers, REUTERS, YCG Investments, Nike, Black, Sizemore Capital Management, Walmart, Amazon, Graphics, Insider Intelligence, Thomson Locations: United States, Robbinsville Township, New Jersey, U.S, New York, Bengaluru

☆ Wall St ends lower amid Cyber Monday madness
▼ + stars: | 2023-11-27 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

Remarks from Federal Reserve policymakers later in the week will also be parsed for clues regarding the duration of the central bank's restrictive policy. Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Amid the Cyber Monday fervor, Affirm Holdings (AFRM.O) surged 12.0%, as the payment platform's "buy now, pay later" option was seen hitting an all-time high, boosting the online holiday sales. Declining issues outnumbered advancing ones on the NYSE by a 1.25-to-1 ratio; on Nasdaq, a 1.63-to-1 ratio favored decliners. The S&P 500 posted 38 new 52-week highs and no new lows; the Nasdaq Composite recorded 84 new highs and 79 new lows.

Persons: Elliott, Tom Hainlin, Greg Bassuk, Brendan McDermid, they’ve, Hainlin, Shopify, Stephen Culp, Shristi Achar, Shinjini Ganguli, Matthew Lewis Organizations: Dow, Nasdaq, U.S, Bank Wealth Management, Adobe Analytics, AXS Investments, Federal Reserve, Financial, Commerce, New York Stock Exchange, REUTERS, Dow Jones, Elliott Investment Management, GE HealthCare, NYSE, Thomson Locations: Minneapolis, New York, New York City, U.S, Bengaluru

The Amplify Online Retail ETF climbed 0.44% and the ProShares Online Retail ETF ended the regular trading session 0.39% higher. The broader VanEck Retail ETF gained 0.02%, and the SPDR S&P Retail ETF was the only one in the group to post declines. The Amplify ETF's gains have been driven by top holdings like Affirm Holdings (AFRM.O), up 11.97% on Monday and 97% so far in 2023. The VanEck Retail ETF's holdings include Costco, (COST.O), which gained 0.6% Monday and is up more than 30% so far this year. For example, the SPDR S&P Retail ETF trades at $63.64, down from its year high of $75.77.

Persons: Caitlin Ochs, Michael Ashley Schulman, Suzanne McGee, Ira Iosebashvili, Deepa Babington Organizations: New York Stock Exchange, REUTERS, Exchange, Shoppers, Adobe Digital, Adobe Inc, Adobe, P, Costco, Nasdaq, P Retail, PwC, Deloitte, Running, Thomson, & $ Locations: New York City, U.S

☆ Wall St pauses amid Cyber Monday madness; data, Fed speakers on tap
▼ + stars: | 2023-11-27 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The tech-heavy Nasdaq was slightly higher, the Dow was edging red and the S&P 500 was essentially unchanged, but leaning lower. The S&P 500 Retail index (.SPXRT) was up 0.9%. Later in the week, market participants look to the Commerce Department's second take on third-quarter GDP expected on Wednesday, to be followed on Friday with its broad-ranging Personal Consumption Expenditures (PCE) report. The S&P 500 posted 34 new 52-week highs and no new lows; the Nasdaq Composite recorded 78 new highs and 64 new lows.

Persons: Brendan McDermid, Elliott, Dow, Greg Bassuk, Bassuk, Shopify, Stephen Culp, Shristi Achar, Shinjini Ganguli, Matthew Lewis Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Adobe Analytics, AXS Investments, Federal Reserve, Financial, Commerce, Dow Jones, Walmart, Elliott Investment Management, GE HealthCare, NYSE, Thomson Locations: New York City, U.S, New York, Bengaluru

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. The rebound in equities in November has brought the S&P 500 (.SPX) close to its highest intra-day level this year. "We are headed for a mixed session today...maybe something like profit taking at the beginning and then just a leveling off."U.S. The S&P 500 retail sector (.SPXRT), housing Amazon, rose 0.5%. The S&P index recorded 7 new 52-week highs and no new lows, while the Nasdaq recorded 34 new highs and 18 new lows.

Persons: Brendan McDermid, Elliott, Peter Cardillo, Jerome Powell, advancers, Shristi Achar, Saumyadeb Chakrabarty Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Spartan Capital Securities, Walmart, Reuters, Fed, Dow Jones, Crown, Elliott Investment Management, GE HealthCare, UBS, NYSE, Thomson Locations: New York City, U.S, Bengaluru

☆ Deal-hunters fuel $12 billion Cyber Monday shopping spree
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Eduardo Munoz Acquire Licensing RightsNov 27 (Reuters) - After a busy holiday shopping weekend, discount seekers are expected to spend between a record $12 billion and $12.4 billion on beauty products, electronics, toys and apparel on Cyber Monday, according to Adobe Analytics. Heavy online traffic and transactions could add up to a boost in sales by U.S. shoppers of 5.4% or more, according to Adobe. Shoppers spent $10.3 billion in the weekend leading up to Cyber Monday, up 7.7% from last year as retailers offered more discounts compared to last year. More merchandise was being discounted in the weekend leading up to Cyber Monday, according to a report from LSEG. Walmart (WMT.N) , eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days.

Persons: Eduardo Munoz, Vivek Pandya, Pandya, TJ Maxx, Jharonne Martis, LSEG, Rob Garf, Garf, Vanessa O'Connell, Deborah Sophia, Arriana, David Gregorio, Nick Zieminski Organizations: Workers, REUTERS, Adobe Analytics, U.S, Adobe, Shoppers, Adobe Digital, Walmart, Reuters, Costco, Commerce, Insider Intelligence, Thomson Locations: Robbinsville Township, New Jersey, U.S, Salesforce, Ross

☆ Amazon agrees deal with most Spanish workers over Cyber Monday walkout
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

The logo of U.S. online retailer Amazon is displayed at a logistics centre in Trapagaran, northern Spain, November 22, 2023. Around 20,000 warehouse and delivery workers at Amazon's Spanish unit had been urged to walk out to demand better pay and working conditions on the so-called Cyber Monday discount day, when retailers aim to boost Christmas gift buying. "We are proud of the wages, benefits and safer working conditions that will be provided to our employees in Spain," Amazon added. CCOO said it would continue negotiations with the company to improve pay and conditions at the local unit. Amazon logistics workers on both sides of the Atlantic have complained about working conditions, with groups of workers and activists across Europe protesting against the U.S. e-commerce giant as recently as Friday.

Persons: Vincent West, Douglas Harper, CCOO, Corina Pons, Mark Potter Organizations: REUTERS, Rights, U.S, Amazon, Thomson Locations: Trapagaran, Spain, Rights MADRID, U.S, Europe, Britain, Germany, France, Italy

☆ Wall St futures edge lower as investor await data, policy cues
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Wall Street ended the Thanksgiving week on a positive note, with the major indexes notching up their fourth consecutive week of gains on growing optimism that the Federal Reserve was likely done hiking interest rates. ET, Dow e-minis were down 48 points, or 0.14%, S&P 500 e-minis were down 7 points, or 0.15%, and Nasdaq 100 e-minis were down 23.75 points, or 0.15%. The personal consumption expenditure index data for October - the Fed's preferred inflation gauge - is slated to be released on Thursday. Reporting by Shristi Achar A and Shashwat Chauhan in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

Persons: Brendan McDermid, Axel Rudolph, Shristi Achar, Shashwat Chauhan, Saumyadeb Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Dow e, IG Group, Walmart, Crown, Elliott Investment Management, Reuters, GE HealthCare, UBS, Thomson Locations: New York City, U.S, Bengaluru

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