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☆ Seven & i shares surge on report its founding family is raising over $50 billion to take the firm private
▼ + stars: | 2024-11-20 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Shares of 7-Eleven owner Seven & i soared nearly 11% on Wednesday after a report said the company's founding family was raising more than $50 billion to take the company private within this fiscal year. According to a report by Japanese public broadcaster NHK, the founding family will raise over 8 trillion yen ($51.66 billion) from "three Japanese megabanks and major American financial institutions," according to a Google translation of the report in Japanese. Should this acquisition go through, it will be the largest buyout of a Japanese company to date, NHK said. Seven and i said "no decision has been made regarding a proposed deal with Junro Ito, Ito Kogyo, ACT [Alimentation Couche-Tard] or other third parties at this time," Reuters reported. Junro Ito is Seven & i's vice president and the son of late Masatoshi Ito, founder of Seven & i. Ito-Kogyo is a company affiliated with the vice president, and is Seven and i's second-largest stakeholder with an 8.2% stake.

Persons: Junro Ito, Ito Kogyo, Masatoshi Ito, Ito, Tard Organizations: NHK, Seven, ACT, Reuters

☆ European Central Banks warns of trade tension risks to euro zone financial stability
▼ + stars: | 2024-11-20 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

Rising global trade tensions present a risk to the euro area economy, the bloc's central bank found in its biannual Financial Stability Review out on Wednesday. The European Central Bank also said weak growth was now a bigger threat than high inflation in the 20-nation euro zone. The latest figures recorded euro zone economic growth at a two-year high of 0.4% in the third quarter, while headline inflation hit 2% in October. "Rising global trade tensions and a possible further strengthening of protectionist tendencies across the world raise concerns about the potential adverse impact on global growth, inflation and asset prices," the Financial Stability Review said. Economists say the knock-on impact of implementing these measures could drag on the euro, if a slowdown in exports spurs the ECB to cut interest rates further and faster.

Persons: Donald Trump's Organizations: European Central Bank, ECB, U.S Locations: U.S, China

If the Fed doesn't cut rates in December, we may see mortgage rates inch up. See more mortgage rates on Zillow Real Estate on ZillowWhat Are Today's Mortgage Refinance Rates? See more mortgage rates on Zillow Real Estate on ZillowMortgage CalculatorUse our free mortgage calculator to see how today's mortgage rates will affect your monthly and long-term payments. Current 30-Year Mortgage RatesAverage 30-year mortgage rates are hovering around 6.60%, according to Zillow data. But now that inflation has decelerated and the Fed has started cutting rates, mortgage rates have trended down compared to where they were a year ago.

Persons: Jerome Powell, It's, they've, Freddie Mac, Fannie Mae Organizations: Federal Reserve, Fed, Mortgage Research, Zillow, Mortgage, Association, ARM, . Government Locations: Chevron, Government

☆ This is the best stock to play an SEC turning pro-crypto, according to Bernstein
▼ + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +2 min

President-elect Donald Trump's second term could spell big gains for Robinhood , according to Bernstein. Analyst Gautam Chhugani, who has an outperform rating on the stock, increased his price target by $21 to $51 and named it his top "crypto deregulation" trade. "But under a potentially new pro-crypto SEC, this looks set to change, and we expect HOOD to be the biggest beneficiary of crypto regulatory tailwinds." Among the 17 analysts covering Robinhood, nine have a strong buy or buy rating, according to LSEG data. On the other hand, seven have taken a neutral stance with a hold rating and one has an underperform rating.

Persons: Donald Trump's, Bernstein, Gautam Chhugani, skyrockets, Chhugani, Gary Gensler, HOOD, –, Oppenheimer, Teresa Goody Guillén –, BakerHostetler, Trump, Owen Lau Organizations: Robinhood, Securities and Exchange Commission, Trump, SEC Locations: HOOD

☆ Get the most out of these tax-favored accounts in 2025
▼ + stars: | 2024-11-20 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Benefits enrollment season is here, and with it comes an opportunity for workers to tune up their workplace savings plans and sock away more money on a tax-favored basis. Traditional tax-deferred accounts, like 401(k) plans and individual retirement accounts, are just the beginning for savers. As tempting as it may be for savers to plow money into HSAs and other tax-favored accounts, they'll need to draw up a strategy before they do so. They can also earmark additional funds toward 529 college savings plans and taxable brokerage accounts. In a tax-deferred account, investors won't be on the hook for the tax bill until they begin drawing down from it.

Persons: Marguerita Cheng, Cheng Organizations: Devenir, Blue, Global Wealth, UBS, Chief Investment Locations: Gaithersburg , Maryland

☆ Schwab's Jon Beatty: We see a bull market for financial services space
▼ + stars: | 2024-11-20 | 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 EmailSchwab's Jon Beatty: We see a bull market for financial services spaceJon Beatty, Charles Schwab head of advisor services, joins CNBC's 'Halftime Report' to discuss AI, market opportunities, and the future of the 60/40 portfolio.

Persons: Jon Beatty, Charles Schwab

☆ Trump may face bond vigilantes amid concerns over inflation and the deficit
▼ + stars: | 2024-11-20 | by ( Laila Maidan | ) www.businessinsider.com time to read: +4 min

Bond vigilantes may pressure Washington to address deficits, affecting fiscal policy decisions. Wall Street doesn't constantly look to Washington for investment advice or direction, but the bond market is one place where they definitely intercept. The tipping point would create headwinds for the bond market as bond prices drop. The deficit is another sore spot, as promised tax cuts could further shrink government revenue. And this must be done by showing how they will offset tax cuts and remain fiscally responsible.

Persons: Jimmy Chang, Chang, they're Organizations: Trump, Republican, Rockefeller, Family Office Locations: Washington

☆ Stocks making the biggest moves premarket: Target, Dolby Labs, Nio, Netflix and more
▼ + stars: | 2024-11-20 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

Target – Shares plunged more than 17% after the Minneapolis-based retailer missed third-quarter earnings and revenue estimates and slashed its full-year guidance, just three months after raising that forecast. Delta Air Lines – The Atanta-based carrier fell more than 1% after reiterating its outlook for the fourth quarter . Nio – U.S. shares fell more than 2% after the Chinese electric vehicle maker posted lower-than-expected revenue for the third quarter. Dolby earned 61 cents per share in its fiscal fourth quarter, above analysts' estimated 45 cents per share, according to FactSet. Powell Industries – Shares of the electrical equipment company fell 13% after new orders in the fiscal fourth quarter fell to $267 million from $356 million in the third quarter.

Persons: NBCUniversal, Brian Roberts, Goldman Sachs, Morgan Stanley, Nio, Dolby, Robinhood, Needham, Keysight, Piper Sandler, Mike Tyson, Jake Paul, —, Alex Harring, Jesse Pound, Pia Singh, Sarah Min Organizations: –, Comcast, CNBC, MSNBC, Delta Air Lines, Delta, FactSet, Dolby, Technologies, Powell, BDO, Nasdaq, Netflix Locations: Minneapolis, Nio –

☆ Trump’s Commerce secretary pick backas a crypto company that can’t seem to stay out of trouble
▼ + stars: | 2024-11-20 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

It is effectively an unregulated, offshore bank that’s become a tent pole of the $3 trillion crypto industry. The tether token is known as a stablecoin, a kind of crypto that was created to hold its value steady while others, like bitcoin and ether, swing wildly minute to minute. The company is now one of the biggest players in crypto, with a daily trading volume that eclipses even bitcoin, the world’s most popular token. Tether told the WSJ in a statement that any suggestion it was involved in criminal activity was “outrageous” and that the company works actively with law enforcement to combat illicit activity. But Lutnick, a Bitcoin enthusiast whose Wall Street firm manages Tether’s stockpile of Treasury bills, has eagerly defended the stablecoin issuer.

Persons: New York CNN — Howard Lutnick, Cantor Fitzgerald, who’s, they’re, Brock Pierce, “, Giancarlo Devasini, “ There’s, we’ve, ” Lutnick, Donald Trump’s, —, didn’t, Lutnick, Gary Gensler, ” Faryar Shirzad, “ It’s, ” Organizations: New, New York CNN, US Commerce Department, Ducks, Street, Manhattan US, Treasury Department, Bloomberg, Economic, Commerce Department —, Treasury, Securities and Exchange Locations: New York, Russian, Davos, United States, bitcoin

☆ I became a millionaire at 28 but it took me a long time to find joy in my financial security
▼ + stars: | 2024-11-20 | by ( Kelly Burch | ) www.businessinsider.com time to read: +4 min

She wants her two daughters to break a family cycle and find joy in spending. Even when I immigrated to the US, I couldn't leave my family's money trauma behind. Calling myself a millionaire still feels very strangeThrough careful savings, planning, and good real estate moves, I was a millionaire by the time I turned 28. Now, I focus on the value of the things I'm spending on. I've been thinking about it since before they were born because I wanted to break my family's cycle of passing generational money trauma.

Persons: Hazel Secco, I'd, I've, I'm Organizations: Financial, Disney Locations: Korea, Manhattan

☆ Target shares plummet 18% in premarket trade as it posts disappointing earnings and cuts guidance
▼ + stars: | 2024-11-20 | by ( Nora Redmond | ) www.businessinsider.com time to read: +2 min

The retailer cut its full-year financial guidance and reported sales growth of just 0.3%. Target shares plunged as much as 18% in premarket trading after the retailer posted disappointing third-quarter earnings and lowered its financial guidance for the year. On Wednesday, Target reported adjusted earnings per share of $1.85, down just under 12% year-over-year. AdvertisementIn the release, Target also cut its full-year financial guidance, saying it expects earnings per share of between $8.30 and $8.90. At its second-quarter earnings in August, the retailer said it expected full-year EPS of between $9 and $9.70.

Persons: Brian Cornell Organizations: Analysts, Revenue, Target Corporation, Target, Walmart, Costco

☆ I'm the CEO of an American-made electronics manufacturer. Here's how I'm preparing for new tariffs.
▼ + stars: | 2024-11-20 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

This as-told-to essay is based on a conversation with Karla Trotman, President and CEO of Electro Soft Inc., a US specialty electronics manufacturer in Pennsylvania. My dad and I worked together, and in 2020, I bought them out, so now I'm the owner, president, and CEO. We're still feeling the reverberation from the last round of tariffs, so they never really went away in our industry. Tariff proponents seem to think that enforcing them will cause stateside manufacturing to somehow jump up and be prosperous, but it doesn't really work that way. We really need to understand where our partners are headed so we can flex to meet whatever demand is going to come down the pike.

Persons: Donald Trump's, Karla Trotman, We're, Trump, I'm, we're Organizations: Electro Soft Inc, Ikea, Southeastern Pennsylvania Manufacturing Alliance Locations: Pennsylvania, Asia, Taiwan, China

☆ The 15 cities around the world with the most billionaires, ranked
▼ + stars: | 2024-11-20 | by ( Madeline Berg | ) www.businessinsider.com time to read: +2 min

AdvertisementNearly one-third of the world's billionaires live in just 15 cities, a new Altrata study says. New York City is home to the largest population of the world's uberwealthy. According to Altrata's 2024 Billionaire Census, which examined the high net worth population, 28% of the world's billionaires live in just 15 cities. AdvertisementNew York City maintained its position as the city with the most billionaires. Altrata reported a total billionaire population of 3,323, up 4% over last year.

Persons: Jackson, Xi, Jack Ma, Altrata Organizations: New Locations: New York City, New York, San Francisco, Palm, York City, China, Germany, Beijing, Shenzhen, Hangzhou, Hong Kong, India

☆ Ford to lay off 4,000 workers in Europe
▼ + stars: | 2024-11-20 | by ( Hanna Ziady | ) edition.cnn.com time to read: +3 min

London CNN —Ford plans to cut almost 4,000 jobs in Europe over the next three years, about 14% of its workforce in the region, as the carmaker faces slowing demand for electric vehicles and rising competition from China. “The global auto industry continues to be in a period of disruption, especially in Europe, where the industry faces unprecedented competitive, regulatory and economic headwinds,” Ford said in a statement. Last year, the company said it would axe around 4,900 jobs across Europe. The news of the Ford cuts comes just weeks after Volkswagen said it would trim employee pay by 10% to protect jobs and safeguard the company’s future. The German automaker plans to close at least three factories in its home country and lay off tens of thousands of staff as it grapples with a weak car market in Europe and a steep loss of market share in China.

Persons: London CNN — Ford, ” Ford, Dave Johnston, Ford, ”, John Lawler, ” Lawler Organizations: London CNN, ” Global, Ford, Volkswagen Locations: Europe, China, Germany, United Kingdom, Western

☆ The NHL has strict rules for how much teams can spend. Here's how it works
▼ + stars: | 2024-11-20 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +4 min

The pay limit has been in place since the end of a labor dispute that caused the cancellation of the entire 2004-05 NHL season. Sports business experts said the strict salary cap has helped the league's financial health since the full season stoppage. The hard salary cap is a stark difference from Major League Baseball and the National Basketball Association, which have no salary cap and a soft salary cap, respectively. But the hard cap means NHL teams have to be especially diligent. The NHL is planning to start negotiations with the NHLPA in early 2025, NHL Commissioner Gary Bettman said at this year's NHL Board of Governors meeting.

Persons: NHLPA, Rick Burton, Burton, Irwin Kishner, Herrick Feinstein, It's, Jalen Brunson, Gary Bettman Organizations: Florida Panthers, Stanley, Edmonton Oilers, Amerant Bank, National Hockey League, NHL, Toronto Maple Leafs, Columbus Blue Jackets, Official, National Hockey League Players Association, CBA, Syracuse University, Major League Baseball, National Basketball Association, National Football League, firm's Sports Law, Los Angeles Dodgers, Athletic, New York Knicks, ESPN, Governors Locations: Sunrise , Florida, American

☆ U.S. 'industrial renaissance' is fueling a rebound in fundraising, Apollo CEO Marc Rowan says
▼ + stars: | 2024-11-20 | by ( Dylan Butts | ) www.cnbc.com time to read: +2 min

Jonathan Gray, president and chief operating officer of Blackstone Inc., from left, Ron O'Hanley, chief executive officer of State Street Corp., Ted Pick, chief executive officer of Morgan Stanley, Marc Rowan, chief executive officer of Apollo Global Management LLC, and David Solomon, chief executive officer of Goldman Sachs Group Inc., during the Global Financial Leaders' Investment Summit in Hong Kong, China, on Tuesday, Nov. 19, 2024. An "industrial renaissance" in the U.S. is fueling demand for capital, Marc Rowan, CEO of Apollo Global Management said at the Global Financial Leaders' Investment Summit in Hong Kong. "There is so much demand for capital, [including through debt and equity] ... What's going on is nothing short of extraordinary," Rowan said on Tuesday during a panel discussion. "What we're watching is this incredible demand for capital happening against a backdrop of a U.S. government that is running significant deficits. Rowan and other panelists also identified energy and data centers — needed for artificial intelligence and digitization — as growth sectors requiring more capital.

Persons: Jonathan Gray, Ron O'Hanley, Ted Pick, Morgan Stanley, Marc Rowan, David Solomon, What's, Rowan, Donald Trump Organizations: Blackstone Inc, State Street Corp, Apollo Global Management LLC, Goldman Sachs, Inc, Global Financial, Investment, Apollo Global Management, Blackstone Locations: Hong Kong, China, U.S

Trump has been “heavily working the phones” to Republican senators for their support on behalf of Gaetz, according to a transition official. Trump announced Gaetz as his pick nearly a week ago. The official said Trump’s transition knows Gaetz is the toughest confirmation they will have to fight for by far. Sen. Kevin Cramer, R-ND, said he had received a phone call from Trump personally urging him to support Gaetz. This year, Trump announced his first pick to be White House Chief of Staff Susie Wiles just two days after election day.

Persons: Donald Trump, Justice Department — Matt Gaetz —, Trump, JD Vance, Chris Wray's, Vance, Biden, Pete Hegseth, Gaetz, “ Trump, Sen, John Thune, Kevin Cramer, ” Cramer, Ron Klain, Susie Wiles, Ben Carson, Carson, Elon Musk, Musk, Howard Lutnick Organizations: Justice Department, FBI, Trump, State , Defense, Homeland Security, Commerce, National Intelligence and National Security, White, Urban, Treasury Department, ‘ Department, Government Locations: Mar

“We’re expecting this holiday period to be very consistent with that,” he said. Retailers, including Walmart, are contending with a mixed bag of factors this holiday season. The holiday season is also shorter this year and parts of the U.S. have had unseasonably warm weather, two dynamics that could hurt retailers. That would be lower than the 3.9% year-over-year jump from the 2022 to 2023 holiday season, when spending totaled $955.6 billion. Rainey said the holiday period is “off to a pretty good start.”He said items like TVs, Apple AirPods, Beats headphones and even tires have been selling.

Persons: John David Rainey, “ We’re, ”, “ They’re, Rainey, Walmart’s, Donald Trump’s, it’s, We’ve Organizations: Walmart, CNBC, LSEG, New York Stock Exchange, Sam’s, Walmart U.S, U.S, National Retail Federation, Apple Locations: U.S, China

☆ Brooklyn monsignor who let Sabrina Carpenter film in church is removed, accused of mishandling $2M of funds
▼ + stars: | 2024-11-19 | by ( Minyvonne Burke | Minyvonne Burke Is A Senior Breaking News Reporter For Nbc News. | ) www.nbcnews.com time to read: +5 min

A New York City monsignor who raised eyebrows by allowing pop star Sabrina Carpenter to film a video in his church was relieved of duties after he allegedly mishandled nearly $2 million of church funds, church officials announced. The Diocese said the investigation "uncovered a pattern of serious violations of Diocesan policies and protocols by Monsignor Gigantiello." Former pastor of Shrine Church of Our Lady of Mount Carmel Monsignor Jamie Gigantiello in 2022 in Brooklyn, New York. Julia Demaree Nikhinson / AP fileIn January 2019, Gigantiello allegedly transferred $1 million of parish funds to Carone’s law firm, the Diocese said. The investigation also found other instances of the monsignor transferring and using parish funds in violation of Diocesan policies and protocols.

Persons: Sabrina Carpenter, Monsignor Jamie Gigantiello, Bishop Robert J, Brennan, Eric Adams, Monsignor Gigantiello, Frank Carone, Carone, Adams, Mount Carmel, Jamie Gigantiello, Julia Demaree Nikhinson, Gigantiello, Monsignor, Arthur Aidala, Aidala, Bishop Brennan, Bishop Witold Mroziewski, Deacon Dean Dobbins, Monsignor Gigantiello’s, Deacon Dobbins, Dobbins Organizations: York City, Roman Catholic Diocese, New, New York City, NBC, NBC New York, Our, Carone, NBC New, Development Locations: Carmel, Brooklyn, New York, NBC New York, NBC New, Shrine, Brooklyn , New York

New York prosecutors told the judge who presided over Donald Trump's hush money trial on Tuesday that his sentencing should be postponed while the president-elect's lawyers file further legal arguments asking the case be dismissed. The proposal Tuesday from Manhattan District Attorney Alvin Bragg's office would need to be signed off on by Judge Juan Merchan to become official. A ruling against Trump on the issue would have paved the way for the judge to proceed with his sentencing, which was tentatively scheduled for Nov. 26. That case has been paused while Trump and some of his co-defendants seek to have an appeals court remove Willis from the case for an alleged conflict of interest. Trump's lawyers have contended that even if she’s allowed to remain on the case, any Trump trial would have to wait until he’s out of office in 2029 because of constitutional issues.

Persons: Donald Trump's, Alvin Bragg's, Judge Juan Merchan, Merchan, Trump, Matthew Colangelo, ” Colangelo, Court's, Michael Cohen, Stormy Daniels, Daniels, he’s, Hope Hicks, Madeleine Westerhout, Cohen, Court’s, ” Trump, Bragg, He’s, Fani, Willis Organizations: Manhattan, U.S, Trump, Trump White House, Lawyers, Prosecutors, Justice Department Locations: York, U.S ., “, Fulton County, Georgia

The Cantor Fitzgerald CEO has led and been the public face of Trump’s transition. As co-chair of Trump's transition, Lutnick has been an outspoken advocate for Trump’s agenda, including explaining how he plans to use tariffs once in office. Lutnick is the CEO and chairman of financial services titan Cantor Fitzgerald. Adam Gray / Bloomberg via Getty Images fileLutnick has been at Cantor Fitzgerald since the early 1980s when he graduated from Haverford College in Pennsylvania with an economics degree. Lutnick was working at Cantor Fitzgerald when terrorists targeted New York’s World Trade Center towers on Sept. 11, the firm's headquarters.

Persons: Donald Trump, Howard Lutnick, Cantor Fitzgerald, Lutnick, Adam Gray, Trump, Lutnick's, Elon Musk, evincing Organizations: WASHINGTON, Commerce Department, The Commerce Department, Bloomberg, Getty, Haverford College, New, Trade, Punchbowl News, Trump, Treasury, Elon, ‘ Department, Government Locations: United States, New York, Pennsylvania

Walmart’s CFO John David Rainey said the retailer would likely have to raise prices on some items if President-elect Donald Trump’s proposed tariffs take effect. “We never want to raise prices,” he said in an interview with CNBC on Tuesday. Beauty CEO Tarang Amin told CNBC in an interview earlier this month that the company could be forced to raise prices if the higher duties take effect. The majority of goods Walmart sells are not at risk of tariffs. The home improvement retailer addressed the potential levies as it reported earnings on Tuesday.

Persons: John David Rainey, Donald Trump’s, ”, “, ” Rainey, Wall, Matthew Shay, Tarang Amin, Steve Madden, Rainey, We’ve, Lowe’s, it’s, Brandon Sink, — CNBC’s Gabrielle Fonrouge Organizations: CNBC, National Retail Federation, Walmart Locations: China, U.S

☆ Biden misses 'family photo' at his last G20 summit
▼ + stars: | 2024-11-19 | by ( Hannah Peart | Hannah Peart Is An Intern In The Nbc News London Bureau. | ) www.nbcnews.com time to read: +3 min

The outgoing American leader arrived for a family picture with world leaders during his final Group of 20 summit Monday, only to find the photo had already been taken without him. Chinese President Xi Jinping, Indian Prime Minister Narendra Modi and British Prime Minister Keir Starmer were among those who did make it, smiling and raising linked hands for the traditional summit set piece. One cameraman spotted him behind a nearby palm tree alongside Canadian Prime Minister Justin Trudeau and Italian premier Giorgia Meloni. Buda Mendes / Getty ImagesDuring the first session of the summit Sunday, Biden reflected on his impending departure from the White House. “As you know, this is my last G20 summit.

Persons: Joe Biden, Xi Jinping, Narendra Modi, Keir Starmer, “, weren’t, ”, Biden, Justin Trudeau, Giorgia Meloni, Trudeau, Meloni, Sergei Lavrov, ” Biden, Rio de Janiero, Buda Mendes, Donald Trump, Jon Organizations: Indian, British, U.S, Canadian, Russian, Sunday, African Union, European Union Locations: Rio de Janeiro, Italian, Rio de

Nebraska’s Dan Osborn is returning to work Tuesday as a steamfitter after his unsuccessful Senate run, but his political career isn’t over. Osborn, who ran as an independent, is launching a political action committee, called the Working Class Heroes Fund, to support working-class candidates of all parties. And he isn’t ruling out another run for office after his loss to GOP Sen. Deb Fischer. Osborn said his PAC will support candidates of any party, and he said he didn’t expect to have many policy litmus tests, apart from supporting campaign finance overhaul and rejecting corporate donations. His Senate campaign raised $7.9 million through mid-October, according to the latest campaign finance reports, and he said it ultimately raised more than $14 million.

Persons: Dan Osborn, Osborn, GOP Sen, Deb Fischer, ” Osborn, Pete Ricketts, Sen, Ben Sasse’s, Ricketts, “, “ Pete Ricketts, Kamala Harris, Fischer, Donald Trump, I’ve, we’ve, ” Organizations: GOP, Senate, Chicago Cubs, Nebraska, Republicans, Democrats, Marijuana, Party Locations: Nebraska

But planning ahead to take advantage of them is getting harder, and that’s largely thanks to Amazon. NBC News’ Holiday Price Check is tracking the online prices of five gift items, each in a popular product category, to determine when the best deals hit. Already, it’s clear that Amazon is often setting the pace. Target, for example, has narrowed the online price gap with Amazon in key product categories since last year, Profitero found. But for retailers, the race for shoppers’ holiday dollars is increasingly a discounting competition.

Persons: “, Trae Bodge, ”, Profitero, Vivek Pandya, upmanship, Janelle Rasey, “ We’ll, Donald Trump, Jack Kleinhenz, you’re, it’s, It’s, ” Pandya Organizations: Amazon . NBC, Amazon, Walmart, Amazon Prime, Amazon’s, AirPods, NBC News, House, NBC, Retail, National Retail Federation, “ Locations: Seattle

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