DIRS.INFO The most relevant business & tech news

☆ Macy’s is laying off workers and closing five stores
▼ + stars: | 2024-01-18 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +5 min

David McLane/NY Daily News Archive/Getty Images The first Macy's store, on New York's Sixth Avenue, is seen circa 1880. New York Times Co./Hulton Archive/Getty Images Workers sort parcels at a Macy's store circa 1942. Fritz Goro/The LIFE Picture Collection/Shutterstock Women show dolls to children at a Macy's store around Christmas in 1942. Fred Morgan/NY Daily News Archive/Getty Images The Radio City Rockettes march in the Macy's Thanksgiving Day Parade in 1966. Amy Sussman/AP Images for Macy's This Macy's store in West Palm Beach, Florida, was one of dozens of stores that the company announced it would be closing in 2017.

Persons: David McLane, Santa Claus, Fritz Goro, Bernard Hoffman, Rita Hayworth's, Nina Leen, Fred Morgan, Paul DeMaria, Jean, Erick Pasquier, Monica Almeida, Chris Hondros, Timothy Fadek, Andrew Craft, Eric Thayer, Eduardo Munoz, Andrew Kelly, Amy Sussman, Joe Raedle, Charles Krupa, Gary Hershorn, Macy’s Organizations: New, New York CNN — Veteran, CNN, Street Journal, Commerce Department, NY, The New, Historical Society, of Congress, Santa, Bettmann, . New York Times Co, Hulton, Getty, Keystone, Herald, Macy, City, Workers, Fayetteville Observer, USA, Reuters Shoppers, Reuters, Saxon Middle School Choir, Downtown Burlington High School, Corbis Locations: New York, ., France, Fayetteville , North Carolina, Bay Shore , New York, West Palm Beach , Florida, Burlington , Vermont, New York City, Santa Claus

☆ Apple flexes its new No. 1 smartphone maker status and makes a rare move in China
▼ + stars: | 2024-01-17 | by ( Morgan Chittum | ) www.cnbc.com time to read: +5 min

Apple became the world's largest smartphone maker in 2023 for the first time ever. Despite a rough start to 2024, we think the company can build on this momentum in the U.S. and China. Apple's frontrunner status was confirmed in separate industry research reports from International Data Corporation (IDC) on Monday and Canalys on Tuesday. To be sure, Apple's iPhone is facing intensified competition in China as domestic players like Huawei and Xiaomi have started offering high-end alternatives. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

Persons: Apple, Canalys, Nabila Popal, Will Apple, Jim Cramer's, Jim Cramer, Jim, Eduardo Munoz Organizations: Samsung, International Data Corporation, IDC, IDC's, Huawei, Apple, Big Tech, Microsoft, Xiaomi, Apple Watch, CNBC Locations: U.S, China, India, New York

☆ How Girona became the unlikeliest challenger in La Liga
▼ + stars: | 2024-01-17 | by ( Matias Grez | Patrick Snell | ) edition.cnn.com time to read: +8 min

Founded in 1930, Girona plays its football at the modest 14,000-capacity Estadi Montilivi on the outskirts of a city that has a population of just 100,000. Girona was previously promoted to La Liga in 2017, spending only two seasons in Spain’s top flight before being relegated. David Ramos/Getty Images“I tell you what, why not?” Hunter said when asked if Girona can win the league. He’s young, he’s intelligent, he’s ambitious, he’s driven. Fran Santiago/Getty ImagesRegardless, Girona has earned the right to dream and Hunter says upsetting the odds and winning La Liga “would mean everything” to the club and its fans.

Persons: Leicester City’s, Semra Hunter, David Ramos, ” Hunter, they’ve, Atlético Madrid, “, Miguel Ángel Sánchez, Míchel, Fran Santiago, Ignasi, ”, “ It’s, Bagà, CNN Sport’s Patrick Snell, –, that’s, Hunter, Pau Barrena, He’s, he’s, let’s, Yan Couto, Yangel Herrera, Aleix García, Eric García, Artem Dovbyk, Pep Guardiola, Ancelotti, Atlético, Barça, “ It’s David, Goliath Organizations: CNN —, Spanish, Real Madrid, La Liga –, Spain isn’t, La Liga, Premier League, Real, Girona, Getty, Barcelona, Real Sociedad, Champions League, ”, Rayo Vallecano, Rayo, CNN, Atlético, City Football Group, Manchester City, Atletico, Pau, City, SC Dnipro, La Locations: Catalan, Spain, Spain isn’t Barcelona, Girona, La, Madrid, Spain’s, Atlético, Real Madrid, ” Girona, Saudi Arabia, Huesca, Atlético Madrid, Pau, AFP, Ukrainian, Real

☆ Gilgo Beach murders: timeline of the case and investigation
▼ + stars: | 2024-01-15 | by ( Emma Tucker | Authorities Find First Remains In Gilgo Beach Murders | ) edition.cnn.com time to read: +12 min

CNN has reached out to Heuermann’s attorney, the Suffolk County District Attorney’s Office and the Suffolk County Police Department for comment. Here is a timeline of the Gilgo Beach killings, how the investigation unfolded and what ultimately led to Heuermann’s arrest. Two days later, investigators discovered the remains of three additional victims – Maureen Brainard-Barnes, Amber Costello and Megan Waterman – strewn across a half-mile stretch on Gilgo Beach. Authorities later said they believed Gilbert’s death may have been accidental and not related to the Gilgo Beach slayings. The task force included the Suffolk County Police Department, the Suffolk County Sheriff’s Office, the New York State Police and the FBI.

Persons: Long, Rex Heuermann, ” Heuermann, Melissa Barthelemy, Megan Waterman, Amber Costello, Maureen Brainard, Barnes, Heuermann, Amber Lynn Costello, Shannan Gilbert, hadn’t, “, Barthelemy, ”, Jane Doe, Jessica Taylor, Spencer Platt, Steve Cohen, Barthelemy’s, Cohen, James Carbone, WH ”, Geraldine Hart, “ Jane Doe, Valerie Mack, Hart, Rodney Harrison, Ray Tierney, surveilling, “ Brainard, Tierney, Harrison, Eduardo Munoz Alvarez Organizations: CNN, Authorities, Attorney, CNN Sunday, Attorney’s Office, Suffolk County Police Department, Police Department, Police, Craigslist, Garden, Getty, New York’s Suffolk County Police Department, FBI, Suffolk County Police, Sheriff’s Office, New York State Police, New, Suffolk County Crime Laboratory, RH, & Associates Locations: Shore, York, Suffolk County, Suffolk, Megan Waterman Suffolk, Gilgo Beach, Gilgo, Jersey City , New Jersey, Manhattan, Madison, Manorville, Long, Wantagh , New York, Nassau County, New York City, Fire, Beach, Oak Beach , New York, ”, New York’s Suffolk County, Philadelphia, New York, Heuermann, Yaphank

☆ Consumer spending rises in December to end solid holiday season, CNBC/NRF Retail Monitor shows
▼ + stars: | 2024-01-10 | by ( Steve Liesman | ) www.cnbc.com time to read: +3 min

People carry shopping bags as they visit a department store during the holiday season in New York City. Eduardo Munoz | ReutersRetailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail Monitor for December. The Retail Monitor, which excludes autos and gas, rose 0.4% in December, down from a gain of 0.8% in November, when the holiday shopping season traditionally kicks off. For the year, the Retail Monitor increased by 3.1% and the core was up 2.4%. But last October and January surprised with stronger gains than either November or December, suggesting the full holiday shopping season could be longer than it has been traditionally.

Persons: Eduardo Munoz Organizations: Reuters Retailers, CNBC, NRF, Monitor, Retail Monitor, Retail, P Retail Locations: New York City, It's

☆ Crypto’s 2023 was marred by fraud and scandal. It was its best year ever
▼ + stars: | 2023-12-24 | by ( Allison Morrow | ) edition.cnn.com time to read: +6 min

New York CNN —Crypto’s 14th year in existence was one marred by scandal, bankruptcy, fraud and regulatory squabbling. Bitcoin, the crypto’s bellwether asset, is up 160% for the year. “It was the year of crypto’s resiliency,” Kyla Curley, a crypto expert and partner at global advisory StoneTurn, tells CNN. “Fraud is fraud,” Curley says, “Regardless of the technology or the industry … you cannot stop human nature. Adding to that bullish sentiment: the bitcoin halving, or, more menacingly, “the halvening.”While it’s often a buy-the-hype-sell-the-news kind of event, the halving does tend to push bitcoin higher.

Persons: New York CNN —, “, ”, Sam Bankman, Zhao, Alex Mashinsky, Heather “ Razzlekhan ” Morgan, Ilya Lichtenstein, ‘, Bonnie, Clyde ’, Bitcoin, crypto’s, ” Kyla Curley, ” Curley, Changpeng Zhao, Eduardo Munoz, Costas Baltas, Faryar Shirzad, bitcoin, ” Antoni Trenchev, ” Trenchev, Warren Buffett, Anthony Scaramucci, “ Bitcoin Organizations: New, New York CNN, New York CNN — Crypto’s, CNN, Department of Justice, crypto’s, grifters, Bitcoiners, SkyBridge Locations: New York, SBF, Bitcoin

☆ How Hispanic voters’ growing political power in Nevada could offer hope to the GOP
▼ + stars: | 2023-12-05 | by ( John King | ) edition.cnn.com time to read: +11 min

“It’s amazing the political power that Hispanics are creating here in the state of Nevada,” Munoz said during a break at his Vegas restaurant, 911 Taco Bar. CNN traveled to Nevada – a key battleground next year – as part of our project tracking the 2024 campaign through the eyes and experiences of voters. And I think Biden’s done the same thing for us.”Antonio Munoz speaks to CNN's John King at his restaurant 911 Taco Bar in Las Vegas, Nevada. Yeah, that’s me.”Like Gurr, Sanchez is a Haley fan. Lombardo made inroads with Latino voters, and Padilla expects a hard fight to keep Nevada blue in 2024.

Persons: Las Vegas CNN — Antonio Munoz, Ronald Reagan, ” Munoz, Reagan, Munoz, ”, “, Joe Biden, Donald Trump, “ Trump, ” Antonio Munoz, CNN's John King, Mercado, Trump Valeria Gurr, ” Gurr, ” Valeria Gurr, Biden, –, Ron DeSantis, Nikki Haley –, Zoila Sanchez, ” Sanchez, Sanchez, Barack Obama, Trump, “ He’s, ” Zoila Sanchez, CNN Sanchez, George W, Bush, Haley, Haley’s, Carlos Padilla, ” Padilla, ” Carlos Padilla, CNN Padilla, we’ve, Republican Joe Lombardo, Democratic Sen, Catherine Cortez Masto, Lombardo, Padilla, I’ve, they’ve Organizations: Las Vegas CNN, Taco, Republican, CNN, Republicans, GOP, Taco Bar, JCPenney, Air Force, Las, Democrat, “, ”, Trump, Sunshine State, South Carolina Gov, White House, Republican Party, Biden, Trump loyalists, Delegates, Culinary Union, Democratic, Obamacare Locations: Las Vegas, Nevada, Vegas, Las Vegas , Nevada, ”, Henderson, Chile, Florida, United States, Mexico, ” Nevada, Treasure

☆ Biden December fundraising blitz to star James Taylor, Spielberg
▼ + stars: | 2023-12-05 | by ( Jarrett Renshaw | ) www.reuters.com time to read: +3 min

[1/3] U.S. President Joe Biden speaks during a reception at the White House ahead of the 46th Kennedy Center Honors gala, in Washington, U.S. December 3, 2023. "We're putting in the work across our fundraising program and look forward to again outperforming the MAGA field," Biden campaign spokesperson Kevin Munoz said. Next week, Biden will raise money in Pennsylvania and Maryland with the states' Democratic governors Josh Shapiro and Wes Moore. Recent polling has shown the GOP frontrunner leading Biden in hypothetical matchups in key swing states and on the national level. Hollywood and the entertainment industry overall lean Democratic, at least when it comes to fundraising, according to OpenSecrets, which tracks campaign contributions.

Persons: Joe Biden, Nathan Howard, Biden, James Taylor, Stephen Spielberg, Rob Reiner, Michael Smith, James Costos, Barack Obama's, Lenny Kravitz, Wendy Schmidt, Eric Schmidt, Rick Caruso, Robert Tuttle, outperforming, MAGA, Kevin Munoz, Josh Shapiro, Wes Moore, Kamala Harris, Gretchen Whitmer, Alex Padilla, Julie Chavez Rodriguez, Donald Trump, Charles Koch's, Nikki Haley, Miriam Adelson, ouptaced Trump, Jarrett Renshaw, Heather Timmons, Bill Berkrot Organizations: White, 46th Kennedy Center, REUTERS, Democratic, Reuters, HBO, Los, Biden, Super, Trump, Democratic Party, Republican, Democratic National Committee, Hollywood, Thomson Locations: Washington , U.S, Boston, California, Los Angeles, Spain, Pennsylvania, Maryland, Michigan, Alex Padilla of California

☆ Australia's central bank holds rates steady but retains hiking bias
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. REUTERS/Daniel Munoz/File Photo Acquire Licensing RightsSYDNEY, Dec 5 (Reuters) - Australia's central bank held interest rates steady on Tuesday as expected, buying it more time to assess the state of the economy and to determine whether further hikes might be needed next year. Wrapping up its December policy meeting, the Reserve Bank of Australia (RBA) kept rates at a 12-year high of 4.35%, adding economic data received since November had been broadly in line with expectations. "Holding the cash rate steady at this meeting will allow time to assess the impact of the increases in interest rates on demand, inflation and the labour market," RBA Governor Michele Bullock said. She has since warned that inflation has become increasingly driven by domestic demand, requiring a more "substantial" response from interest rates.

Persons: Daniel Munoz, Michele Bullock, Bullock, Stella Qiu, Jamie Freed Organizations: Reserve Bank of Australia, REUTERS, Rights, Thomson Locations: Sydney, Australia

☆ AWS VP tells employees that the departures of senior engineers are 'making us better,' leaked transcript shows
▼ + stars: | 2023-12-01 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Some Amazon Web Services employees are concerned about a large number of departures among its senior engineers. At last month's internal staff meeting for AWS, VP of infrastructure services Prasad Kalyanaraman answered an employee question about turnover among senior engineers, according to a transcript of the meeting obtained by Business Insider. It is one of the many challenges AWS employees are currently dealing with, alongside slowing growth and a more bureaucratic culture, as BI previously reported . As we've previously told Insider, attrition among AWS employees has declined in recent years and to suggest anything otherwise is inaccurate. Amazon unveiled Amazon Q this week, an AI chatbot for businesses, and previously launched CodeWhisperer, a coding assistant for developers.

Persons: Prasad Kalyanaraman, Kalyanaraman, Rob Munoz, we've, Prasad, Munoz, Peter DeSantis, DeSantis, Charlie Bell, Rachel Thornton, Chris Vonderhaar Organizations: Web Services, Business, Amazon's, AWS

And if we say, ‘This is my land,’ they start to shoot live.” Since the Oct. 7 Hamas attacks in southern Israel, violence against Palestinians in the occupied West Bank has intensified. Extremist Israeli settlers have been emboldened in what Palestinians say is an increased effort to seize their land with support from the Israeli Army. On Oct. 13, Sami Hourani’s cousin Zacharia al-Adara was shot and wounded by an Israeli settler in the Palestinian village of at-Tuwani. In 2012, Israel’s Security Agency accused him of leading covert and violent activity against Palestinians, and he was temporarily banned from entering the West Bank. In the past seven weeks alone, the U.N. says more than 1,000 villagers have been forced to leave their homes due to settler violence across the West Bank.

Persons: ’, Sami, Zacharia al, Adara, Zacharia, Zvi, He’s, Benjamin Netanyahu, Dalal al, Awad, They’ve Organizations: West Bank, Israeli Army, Observers, Israel’s Security Agency Locations: Israel, Palestinian, Zacharia, Tuba, Ma’on

☆ Deutsche Bank Gained Lucrative Business From Trump, Former Executive Testifies
▼ + stars: | 2023-11-30 | by ( Jacob Gershman | ) www.wsj.com time to read: 1 min

Former President Donald Trump testified in the civil fraud trial in Manhattan earlier this month. Photo: Eduardo Munoz Alvarez/Associated PressThe former Deutsche Bank executive who recruited Donald Trump as a client testified Wednesday that the bank’s dealings with the former president were lucrative and her superiors were eager to expand them. Rosemary Vrablic , a former relationship manager with the bank’s private-wealth-management division, is one of several witnesses from Deutsche Bank being called to the stand this week by Trump’s lawyers as they seek to rebut allegations by the New York attorney general that Trump committed civil fraud by overstating his wealth for financial gain.

Persons: Donald Trump, Eduardo Munoz Alvarez, Rosemary Vrablic, Trump Organizations: Associated Press, Deutsche Bank, New Locations: Manhattan, New York

Fresh data shows price pressures are easing and the labor market is gradually cooling, evidence that the slowdown the Fed has tried to engineer with its rate hikes to date is underway. Still, the unemployment rate at last read was 3.9%, only a few tenths of a percentage point above where it was when the Fed first began raising rates in March 2022. UNCERTAIN PATHTraders have been betting heavily that the Fed will keep its overnight benchmark interest rate steady in the 5.25%-5.50% range for the next several months. "I'm not losing too much sleep" over the market's view "because there's a lot of uncertainty about the future path of policy," Williams said. "I'm not thinking about rate cuts at all right now," Daly said.

Persons: John Williams, Williams, Janet Yellen, I'm, Mary Daly, Daly, Jerome Powell, Christopher Waller, Oscar Munoz, Dan Burns, Michael S, Howard Schneider, David Lawder, Chizu Nomiyama, Paul Simao, Andrea Ricci, Will Dunham Organizations: Federal Reserve, New York Fed Bank, Fed, U.S, Treasury, PATH Traders, San Francisco Fed, Spelman College, Derby, Thomson Locations: U.S, New, Atlanta

To be sure, China is still Walmart's biggest country for importing goods. "We want the best prices," Andrea Albright, Walmart's executive vice president of sourcing said in an interview. Walmart has been accelerating growth in India since 2018, when it bought a 77% stake in Indian e-commerce firm Flipkart. Its rapidly growing workforce and technological advancement were a draw for Walmart, Albright said. The rising cost of shipping goods from China has also contributed to the switch to India, supply chain experts say.

Persons: Eduardo Munoz, Andrea Albright, we're, Albright, Doug McMillon, Narendra Modi, Modi, McMillon, Rajesh Kharabanda, Chris Rogers, Shekhar Gupta, Devgiri, Richa Naidu, Siddharth Cavale, Casey Hall, Manoj Kumar, Matthew Scuffham, Sharon Singleton Organizations: Walmart, REUTERS, Companies Walmart, Reuters, Flipkart, Walmart Global Tech India, Indian, Amazon, Freewill, P, Thomson Locations: Teterboro , New Jersey, U.S, India, China, United States, Washington, Beijing, Thailand, Vietnam, Bangalore, Pakistan, Bangladesh, Mundra Port, Gujarat

☆ Australia Oct inflation slows more than expected as goods prices fall
▼ + stars: | 2023-11-29 | by ( Stella Qiu | ) www.reuters.com time to read: +3 min

For the month, CPI fell 0.3%, driven by declines in petrol, rent and holiday travel. A closely watched measure of core inflation, the trimmed mean, rose an annual 5.3% in October, easing from 5.4% the previous month. "It's hard to find bad news in Australia's October inflation print," said Harry Murphy Cruise, an economist at Moody’s Analytics. Prices for tradable goods fell 1.6% in October from a month earlier. It also left the door open to further tightening if necessary to meet its annual inflation target of 2-3%.

Persons: Daniel Munoz, Harry Murphy Cruise, Jonathan Kearns, Wayne Cole, Stella Qiu, Lincoln, Sam Holmes Organizations: REUTERS, Rights, U.S ., Australian Bureau, Statistics, Moody’s, Reserve Bank Board, Reserve Bank of Australia, Challenger, Thomson Locations: Australia

☆ AI fatigue, sales challenges, and the problem of getting big: Inside growing tension at AWS
▼ + stars: | 2023-11-29 | by ( Eugene Kim | ) www.businessinsider.com time to read: +14 min

For Amazon, AWS is more important than ever. Targets missedAWS is falling short of reaching sales goals in its startups and small-business segments, two employees told BI. Burnout and attritionSeveral AWS employees also pointed to high turnover as a major point of concern. AWS employees told BI it still remains to be seen how all these changes will manifest in the months to come. "The most significant single sentiment we feel is uncertainty," one of the AWS employees told BI.

Persons: Matt Garman, Garman, Mark Shmulik, Bernstein, Rob Munoz, Munoz, Charlie Bell, Rachel Thornton, Chris Vonderhaar, Peter DeSantis, DeSantis, Andy Jassy Mike Blake, AWS's, Prasad Kalyanaraman, Kalyanaraman, Amazon's, Bard, Adam Selipsky, Adam Selipsky Noah Berger, Selipsky, Andy Jassy, Jeff Bezos, Jassy, Geekwire Organizations: Amazon Web, AWS, Business, Amazon, SMB, Enterprise, Reuters, Microsoft, Google, BI Locations: Las Vegas, AMZN's, billings

REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNov 29 (Reuters) - Ahead of this year's COP28 climate summit in Dubai, U.N. agencies have released several reports offering updates on global progress in limiting climate change. Emissions Gap Report. The report, released on Nov. 20, looks at how countries' planned climate action compares with what is needed to meet global climate goals. The report analyzes the difference between planned fossil fuel production and the amount deemed consistent with meeting global climate goals. In 2009, developed countries pledged to provide $100 billion per year in climate finance to developing nations.

Persons: Eduardo Munoz, wean, NDCs, Rich, Gloria Dickie, David Stanway, Susanna Twidale, Katy Daigle, Jan Harvey Organizations: U.S, REUTERS, Programme, UNEP, Thomson Locations: New York, New York City , New York, U.S, Dubai, U.N, Paris, China, Norway, Qatar, UAE, London, Singapore

☆ Forbes built a hall of shame for all the questionable people on its 30 Under 30 lists
▼ + stars: | 2023-11-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Plenty of people on the Forbes 30 Under 30 lists have turned out to be not quite so shiny. AdvertisementThe Forbes "30 Under 30" lists celebrate the achievements of young people making a mark in a range of sectors. Its "hall of shame" starts – appropriately enough – with Sam Bankman-Fried, the FTX cofounder who was on the 30 Under 30 finance list in 2021. Caroline Ellison was on the Forbes 30 under 30 list last year. Outside the 30 Under 30 finance class, the gun rights activist Cody Wilson also makes the hall of shame.

Persons: Forbes, Sam Bankman, Martin Shkreli, —, Mark Zuckerberg, FTX, Fried, Caroline Ellison, Eduardo Munoz Alvarez Martin Shkreli, Craig Ruttle, Charlie Javice, Frank, JP Morgan Chase, Javice, Morgan, She's, Nate Paul, Lucas Duplan Clinkle, Lucas Duplan, Peter Thiel, Andreesen Horowitz, Cody Wilson, Kelly West, Steph Korey, James O'Keefe, Prendergrast, she's Organizations: Forbes, Service, Prosecutors, Justice, TechCrunch, Business, Reuters, Project Veritas, The City Magazine Locations: Alameda

☆ US consumer confidence rises in November
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: 1 min

A woman carries shopping bags during the holiday season in New York City, U.S., December 21, 2022. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsWASHINGTON, Nov 28 (Reuters) - U.S. consumer confidence rose in November after three straight monthly declines, though households continued to anticipate a recession over the next year, a survey showed on Tuesday. The Conference Board said its consumer confidence index increased to 102.0 this month from a downwardly revised 99.1 in October. Economists polled by Reuters had forecast the index dipping to 101.0 from the previously reported 102.6. Reporting by Lucia Mutikani; Editing by Chizu NomiyamaOur Standards: The Thomson Reuters Trust Principles.

Persons: Eduardo Munoz, Lucia Mutikani, Chizu Organizations: REUTERS, Rights, Board, Reuters, Thomson Locations: New York City, U.S

Nov 28 (Reuters) - Spending online on Cyber Monday is set to exceed $12 billion, a record, as bargain hunters snap up deals on items including Barbie dolls, Lego sets, headphones and smart watches, according to preliminary estimates from Adobe Digital Insights. The estimate projects U.S. shoppers will spend $12 billion-$12.4 billion on Cyber Monday, the biggest U.S. online shopping day. At the top end, this would represent an 9.7% increase compared to the $11.3 billion spent on Cyber Monday last year. Walmart, eager to capture market share, slashed prices on Sunday night, joining the trend of retailers' early discounts on major shopping days. On Monday, Walmart stepped up discounts on some clothing to 60%, up from the 50% it offered on Black Friday.

Persons: Barbie, Nancy Tengler, Eduardo Munoz, Matthew Katz, Charles Sizemore, Sizemore, Siddharth Cavale, Deborah Sophia, Aishwarya Venogupal, Ananya Mariam Rajesh, David Gregorio, Nick Zieminski, Matthew Lewis, Lincoln Organizations: Adobe Digital, Retailers, Adobe Analytics, Investments, Shoppers, Workers, REUTERS, SSA & Company, Walmart, Sizemore Capital Management, Target, Graphics, Insider Intelligence, Thomson Locations: Scottsdale , Arizona, United States, Robbinsville Township, New Jersey, U.S, New York, Bengaluru

☆ Australia Oct retail sales slip as consumers hold off for Black Friday sales
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

Women shop for clothes on a store in a shopping mall in Sydney's central business district (CBD) Australia, February 5, 2018. REUTERS/Daniel Munoz/File Photo Acquire Licensing RightsSYDNEY, Nov 28 (Reuters) - Australian retail sales unexpectedly slipped in October as consumers cut back on everything but food, though analysts believe many were merely saving some money to splurge on Black Friday sales that took place this month. Retail sales fell 0.2% from September to A$35.77 billion, data from the Australian Bureau of Statistics (ABS) showed on Tuesday. "This is a pattern we have seen develop in recent years as Black Friday sales grow in popularity." Data from e-commerce firm Shopify also showed that point-of-sale sales made by its merchants in Australia during this year's Black Friday sales grew 27% from a year ago.

Persons: Daniel Munoz, Ben Dorber, Shopify, that's, Marcel Thieliant, Michele Bullock, Stella Qiu, Tom Hogue, Edwina Gibbs Organizations: REUTERS, Rights, Australian Bureau of Statistics, Black, ANZ, Asia Pacific, Capital Economics, Reserve Bank of Australia, Thomson Locations: Australia

[1/2] People watch drones creating a 3-D display outside the United Nations Headquarters calling attention to the Amazon rainforest and climate change in New York U.S., September 15, 2023. The analysis by the nonprofit Amazon Conservation's MAAP forest monitoring program offers a first look at 2023 deforestation across the nine Amazon countries. That estimate is likely low as there are some holes in the data, Finer said. Brazil's Lula has led a push among its Amazonian neighbors and other rainforest countries to get rich nations to pay for woodland conservation. While the country is battling massive wildfires, many of them are not in the Amazon, Finer said.

Persons: Eduardo Munoz, Matt, Luiz Inacio Lula da Silva, Jair Bolsonaro, Carlos Nobre, Nobre, Brazil's Lula, Gustavo Petro, Jake Spring, David Gregorio Our Organizations: United Nations Headquarters, New York U.S, REUTERS, SAO PAULO, Reuters, United, University of Sao, Amazon, NASA, Union, Democratic, Watch, Thomson Locations: New York, Brazil, Colombia, Peru, Bolivia, United Nations, Jan, Puerto Rico, University of Sao Paulo, Amazon, Guyana, Suriname, Venezuela, COLOMBIA, PERU Brazil, Democratic Republic of Congo

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

☆ Citi bankers leave for Jefferies as municipal banking department in turmoil -Bloomberg News
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

General view of Jefferies Financial Group offices in Manhattan, New York City, U.S., December 8, 2021. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsNov 27 (Reuters) - A team of bankers focused on healthcare at Citigroup (C.N) has left for rival Jefferies Financial (JEF.N) after the firm's executives mulled closing the municipal banking department altogether, Bloomberg News reported on Monday. The group of about 10 bankers departing for Jefferies included managing directors Brian Carlstead, Ben Klemz and Katherine Meyers, the report said, citing people familiar with the matter. CEO Jane Fraser has been weighing whether to shutter the bank's municipal-bond trading and origination business. Citi's municipal offering business has been under scrutiny from Texas attorney general, who in January halted the bank's ability to underwrite most municipal bond offerings in Texas, saying Citi has discriminated against the firearms sector.

Persons: Eduardo Munoz, Brian Carlstead, Ben Klemz, Katherine Meyers, Jane Fraser, Pritam Biswas Organizations: Jefferies Financial, REUTERS, Citigroup, Jefferies, Bloomberg, Citi, Thomson Locations: Manhattan , New York City, U.S, Texas, 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

Search resuls for: "" Munoz"

25 mentions found