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☆ Tech’s biggest show is set to kick off in Las Vegas. Here’s what to expect
▼ + stars: | 2023-01-04 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +5 min

The Consumer Electronics Show, now in its 56th year, kicks off this week in Las Vegas with a familiar mix of cutting edge technology and oddball gadgets. And this year’s event, in particular, could show how companies are thinking about products as pandemic concerns recede for some consumers but recession concerns remain. This year, featured speakers will include executives from traditional tech companies such as Samsung, Sony and Amazon, as well as other brands like John Deere, Delta and BMW. Still, the topic of virtual reality products will remain a focus for some companies. HTC is expected to launch the Vive Focus 3 this week at the show, with an emphasis on the metaverse.

☆ Baking Supplies Cost a Lot More This Year. So Did Flying. But That Flat-Screen TV Got Cheaper.
▼ + stars: | 2022-12-26 | by ( Gwynn Guilford | Anthony Debarros | ) www.wsj.com time to read: 1 min

Prices for eggs and margarine shot up nearly 50% in November from a year earlier. Baking a cake was a more expensive proposition in 2022. The price of eggs, margarine and flour rose well more than overall costs in the past 12 months—a year when inflation reached the highest level since 1981. Also recording price gains: airfares, gasoline and haircuts. Meanwhile, televisions and tickets to the game were among the few items that got less expensive from late 2021.

☆ Analysis: India's post-COVID spending boom drives two-speed economy
▼ + stars: | 2022-12-21 | by ( Ira Dugal | ) www.reuters.com time to read: +5 min

The world's fifth-largest economy is expected grow 6% in the fiscal year ending March 31, 2024, according to a survey by the Indian central bank this month. Importantly, conditions are better than not just the crippling slump during India's devastating COVID surge last year but also the anemic growth of the debt-saddled last decade. "If India does everything right, we could see significant foreign inflows in the next one to two years," said Sridhar Sivaram, investment director at Enam Holdings, a privately managed investment group. India's weight in the MSCI emerging market index has already risen from 8% in 2019 to 16% as of October 2022, said Sivaram. There is also hope that global corporations will diversify supply chains away from China, which would benefit India.

Review: Is the Chase Ink Business Cash credit card right for you? Before you decide on the Ink Business Cash® Credit Card, you may want to consider the Ink Business Unlimited® Credit Card as well — especially if you don't want to keep track of bonus categories. Chase Ink Cash frequently asked questions (FAQ)Is the Chase Ink Business Cash card worth it? Which is better, the Chase Ink Cash or Chase Ink Business Unlimited? Both the Ink Business Cash® credit card and Ink Business Unlimited® Credit Card come with the same high welcome bonus, travel insurance, and purchase protections.

☆ Costco CEO's cautious consumer outlook justifies our near-term view on the stock
▼ + stars: | 2022-12-19 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

Craig Jelinek, chief executive officer of Club holding Costco (COST), said Monday he sees a more-vigilant consumer this holiday shopping season and potentially beyond. Consumer behavior Jelinek highlighted a number of stronger areas for Costco, including its Kirkland-branded products across a number of categories. "Our food [and] sundry business, our fresh business, our travel business, continues to be strong," Jelinek added. Looking ahead to next year, Jelinek said Costco is taking stock of the economic uncertainty and factoring that into its merchandising plans. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ The Fed just made its last rate hike of the year. Here's what it means and what happens next.
▼ + stars: | 2022-12-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Fed Chair Powell took an aggressive stance at the podium Wednesday, effectively saying the central bank isn't done hiking rates. The Fed signaled it won't be taking its foot off the gas anytime soon with policy, but markets of late have been acting like a so-called Fed pivot is all but guaranteed. "Powell's very hawkish comments didn't get a very hawkish reaction from the market," Wright maintained. But the more the market ignores the Fed, the longer the Fed will have to keep monetary policy restrictive, which ultimately raises the odds of a recession. "We're likely to see head-fakes like this where the market looks for a Fed pivot," one strategist said.

“I haven’t seen sunlight in what seems like a long time,” Li told CNN, a week after the protests broke out. In recent years, Beijing has extended its crackdown on dissent to the foreign platform, detaining and jailing Chinese Twitter users who criticized the government. TwitterLi received thousands of submissions a day – and up to dozens per second at the height of the protests. Journalists, observers and activists monitored his feed closely, and some of his posts were aired on televisions across the world. And then they went to our house at midnight to harass my parents,” Li said.

☆ Mukesh Ambani will take credit where it’s due
▼ + stars: | 2022-12-06 | by ( Shritama Bose | ) www.reuters.com time to read: +5 min

Boss Mukesh Ambani might do precisely that to fund a push by his $220 billion Reliance Industries (RELI.NS) conglomerate into consumer lending. The company is spinning off and listing its little-noticed non-bank financial company. More than rivals, Ambani is sitting on a treasure trove of data to assess the credit worthiness of borrowers. As a home-grown tycoon, Ambani has a better chance of success than other late entrants to financial services. On Oct. 21, Reliance revealed plans to spin off Reliance Strategic and rename it Jio Financial Services.

☆ What next for US soccer after an inspiring World Cup?
▼ + stars: | 2022-12-05 | by ( Stephen Collinson | ) edition.cnn.com time to read: +4 min

But the talented, telegenic and multiracial Americans left fans with soaring hopes before the US, Canada and Mexico host the 2026 World Cup. Often, the World Cup and Olympic gold medal-winning US women’s soccer team gets more attention than their male counterparts — although their pay is only just beginning to catch up. The idea of an unexploited market of soon-to-be-soccer fans has long beckoned to FIFA’s marketing teams, especially during the 1994 stateside World Cup, but has never been fully realized. US soccer fans are also increasingly sophisticated, glued to NBC’s Premier League coverage reportedly worth more than $2 billion. The beautiful game’s place in the country’s sports scene could be cemented if the US makes noise in the next World Cup.

☆ From turkeys to booze, prices for these 25 popular holiday expenses increased the most since last year
▼ + stars: | 2022-12-02 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

As the holiday season gets into full swing, expect some sticker shock. The cost of most holiday staples, such as turkey and booze, has increased dramatically in the last year. With year-over-year inflation up 7.7% overall, most items bought over the holidays have increased in price. The study identified 40 commonly purchased holiday items across four categories: gifts, experiences, travel and entertaining. As of October, the average American spends an extra $433 per month on expenses, compared with a year ago, according to an estimate from Moody's Analytics.

In earlier matches they had tied with Croatia and scored a surprise win over Belgium, the second-ranked team in the world. "This team can go all the way in this World Cup!" In Qatar, where the home team along with Saudi Arabia and Tunisia have already been knocked out, Morocco now carries the mantle for an Arab world that has cheered victories by Arab teams against some of the tournament favourites. FIFA and Qatar's World Cup organisers, the Supreme Committee for Delivery and Legacy, did not immediately respond to a Reuters request for comment on the crowding outside the stadium. Morocco's last World Cup appearance, four years ago, ended in the group stage.

☆ Trump Org hopes to win its Manhattan tax-fraud trial with an 'ignorance' defense — a Trump hallmark
▼ + stars: | 2022-11-30 | by ( Laura Italiano | ) www.businessinsider.com time to read: +5 min

Summations are Thursday and Friday in the Manhattan tax-fraud trial of the Trump Organization. Star prosecution witnesses with arguably mixed loyalties, the two told jurors they never let anyone named Trump in on the scheme. Jurors may well wonder how Donald Trump, or Eric Trump, or Donald Trump, Jr., could truly have been ignorant of the scheme when the three of them personally signed off on so many of the perks. "Donald Trump didn't know that Allen Weisselberg was cheating on Allen Weisselberg's taxes," as defense lawyer Susan Necheles told jurors in openings. In this trial, though, the ignorance defense goes into overdrive, and doesn't stop with a supposedly clueless Trump.

☆ 'Selling Sunset' broker Jason Oppenheim says 'Compass basically destroyed the brokerage model for the entire industry'
▼ + stars: | 2022-11-30 | by ( Dan Latu | ) www.businessinsider.com time to read: +5 min

Jason Oppenheim, who runs The Oppenheim Group, said the rival brokerage Compass is "unfixable." Compass told Insider its current cost-cutting plan includes "no change in our split policy." "There's no fixing Compass," Oppenheim, best known from the Netflix reality show "Selling Sunset," told the real-estate news outlet Inman. "There are other brokerages out there offering 90-10 and 85-15 splits because they had to in order to compete with Compass," Oppenheim told Insider. Oppenheim told Insider he's not rooting for the downfall of Compass.

☆ Biden says inflation is slowing in 'good news for the holiday season'
▼ + stars: | 2022-11-29 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +2 min

BAY CITY, Mich., Nov 29 (Reuters) - U.S. President Joe Biden on Tuesday hailed easing prices for gasoline, clothes and appliances as "good news for the holiday season," but said it would take time for inflation to return to normal levels. That's good news for the holiday season," Biden said, noting that costs for producers were also coming down. "While these prices are lower, they're not low enough," he said, adding, "It's going to take time to get inflation back to normal levels ... we're laser focused on this." Prices could spike again if unions reject a potential contract deal with U.S. railways, the White House has warned, but Biden did not raise the issue during his remarks. read moreReporting by Trevor Hunnicutt; Writing by Andrea Shalal; Editing by Chris ReeseOur Standards: The Thomson Reuters Trust Principles.

☆ Arab fans unite after surprise wins in Qatar
▼ + stars: | 2022-11-29 | by ( Muath Freij | ) www.reuters.com time to read: +3 min

That chance to make history has forged a sense of solidarity among Arab supporters in Doha. "When Saudi Arabia play I am Saudi and when Morocco play, all the Arab people..." said Mansouri "...are Moroccans!" Mansouri said it felt as if Morocco and Saudi Arabia were both playing on home ground in Qatar, something which may have helped them reach new heights. All Arab and Gulf people support any (Arab) team," said Saudi supporter Khaled al-Asaimi, echoing the tone set by the leaders of Qatar and Saudi Arabia at the start of the tournament. Tensions between the two neigbours led Saudi Arabia and its allies to declare a travel and trade embargo on Qatar in 2017, a move only rescinded last year.

☆ American consumers got holiday shopping off to a strong start
▼ + stars: | 2022-11-29 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

Shoppers returned to physical stores on Black Friday after avoiding much of in-person shopping the last two holidays due to Covid-19 concerns. Cyber Monday is the biggest online shopping day of the year, and this year set a new annual sales record. “It spurred online spending to levels that were higher than expected.”Retailers have dangled promotions to drive consumer demand and unload excess inventory. Consumers making more than $100,000 a year drove spending over the holiday weekend, Shay said on a call with reporters Tuesday. Overall, the National Retail Federation projects holiday sales to increase up to 8% from a year ago.

The estimate from Adobe Analytics predicts an increase of up to 8.5% from a year earlier. Adobe Analytics measures e-commerce performance by analyzing purchases at 85% of the top 100 internet retailers in the United States. Both Adobe and MasterCard Spending Pulse are expected to release their updated Cyber Monday spending estimates on Tuesday. Americans have put off holiday shopping for weeks in the hopes of finding deeper post-Thanksgiving markdowns. Last year, Cyber Monday sales fell 1.4%, according to Adobe Analytics, as retailers kicked off holiday promotions early to avoid product shortages amid a global shipping crisis.

☆ Cyber Monday sales to touch up to $11.6 bln as shoppers go discount hunting
▼ + stars: | 2022-11-28 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +2 min

Adobe Analytics, which measures e-commerce by analyzing transactions at websites, has access to data covering purchases at 85% of the top 100 internet retailers in the United States. Cyber Monday sales fell 1.4% last year as retailers spread out promotional deals across weeks from as early as October to better manage inventories amid widespread product shortages. Walmart (WMT.N) and Best Buy websites also showed discounts worth hundreds of dollars on high-end laptops and televisions. Shoppers will find record discounts today for computers, peaking at 27% off listed price, while nearly all other categories, including apparel, toys and furniture, also have double-digit discounts, Adobe said. U.S. shoppers spent a record $9.12 billion online on Black Friday, according to Adobe Analytics.

☆ Cyber Monday set for record sales of $11.2 bln as shoppers wait for discounts
▼ + stars: | 2022-11-28 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +2 min

The Adobe Analytics report predicts spending on Cyber Monday to rise 5.2% as inflation-weary consumers have been putting off holiday shopping for weeks in the hopes of deep post-Thanksgiving markdowns. Cyber Monday sales fell 1.4% last year as retailers spread out promotional deals across weeks from as early as October to better manage inventories amid widespread product shortages. "With holiday promotions kicking off long before the Thanksgiving weekend, consumers have been shopping strategically for the season's best deals," said Mastercard Chief U.S. U.S. shoppers also spent a record $9.12 billion online on Black Friday, according to Adobe Analytics. However, with sporadic rain in some parts of the country, brick-and-mortar stores and malls saw thinner crowds than usual.

☆ Black Friday online sales to hit new record, expected to top $9 billion
▼ + stars: | 2022-11-25 | by ( Sarah Whitten | ) www.cnbc.com time to read: +2 min

Overall online sales for the day after Thanksgiving are expected to top $9 billion, according to Adobe, which tracks sales on retailers' websites. Typically, shoppers spend about $2 billion to $3 billion online in a day, according to Adobe. Adobe noted that mobile shopping also hit a record high this year, with sales from smartphones accounting for 55% of online sales on Thanksgiving Day. These sales are expected to account for 53% of total Black Friday sales, the company predicts. Cyber Monday is expected to be the biggest online shopping day, with sales slated to top $11.2 billion, the company forecast.

☆ I've worked at Kohl's for 9 Black Fridays. I get my fair share of pushy customers, but my favorites are the people who make a day of it.
▼ + stars: | 2022-11-25 | by ( Jenn Morson | ) www.businessinsider.com time to read: +6 min

MaryKate Murphy has worked every Black Friday at Kohl's for the last nine years. Murphy said a lot has changed since the pandemic, but working on Black Fridays is always fun. The store usually provides Wawa breakfast sandwiches for the early workers, pizza for lunch, and coffee during the day. Kohl's usually gives us an added employee discount around the holidays as well. At the end of the day, I usually head home exhausted, but I love working Black Friday and seeing all of the people having fun shopping together.

☆ With TV prices down 17%, Black Friday shoppers may find ‘excellent deals’
▼ + stars: | 2022-11-23 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Why TV prices are falling amid broader inflationAverage TV prices fell by almost 17% in October 2022 compared with the same month in 2021, according to the consumer price index. They're an outlier at a time when stubbornly high inflation led prices to climb steeply for a broad basket of consumer products. Manufacturers had cranked up production to historic highs to meet consumer demand — and retailers now have a glut of TVs, Kowalski said. Black Friday and Cyber Monday TV dealsRetailers have long used TV deals to draw in shoppers on Black Friday — the Friday after Thanksgiving and the traditional start to the holiday shopping season. watch nowSome Black Friday deals from retailers such as Best Buy have been jaw-dropping, especially for some well-known brands, said Julie Ramhold, consumer analyst with DealNews.

☆ Best Buy forecasts smaller drop in sales ahead of holiday season
▼ + stars: | 2022-11-22 | by ( Uday Sampath Kumar | ) www.reuters.com time to read: +2 min

Nov 22 (Reuters) - Best Buy Co Inc (BBY.N) on Tuesday forecast a smaller drop in annual sales than it had previously estimated, saying it was confident that a ramp up in deals and discounts will bring in more inflation-weary customers during the holiday season. Best Buy expects full-year comparable sales to fall about 10%, compared with a previous forecast of a decrease of about 11%. "Best Buy may be better positioned for the holiday season than other retailers," said Jason Benowitz, senior portfolio manager at Roosevelt Investment Group. "We expect modest growth in consumer holiday spend this year and believe many companies hold too much inventory relative to demand, while Best Buy appears to have rightsized its holdings ahead of the season," Benowitz added. However, heavier discounts will take a toll on holiday-quarter profit margins, Best Buy warned.

☆ Best Buy forecasts smaller-than-expected drop in annual sales ahead of holiday season
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

Nov 22 (Reuters) - Best Buy Co Inc (BBY.N) said on Tuesday it forecast a smaller-than-expected drop in annual sales ahead of the holiday season, as steep discounts help soften the blow to electronics demand. Surging prices have driven down demand for non-essential products this year, forcing Best Buy and other retailers to opt for discounts and promotions to clear excess stock of products such as televisions, laptops and other electronics. Best Buy said it expects full-year comparable sales to fall about 10%, compared with a previous forecast of a decrease of about 11%. The company's comparable sales decreased 10.4% in the third quarter ended Oct. 29, compared with analysts' estimates of a 12.9% fall, according to IBES data from Refinitiv. Reporting by Uday Sampath in Bengaluru; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Why Target will probably have the best Black Friday discounts this year
▼ + stars: | 2022-11-18 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +3 min

Target will probably have the best deals this holiday shopping season, UBS analysts say. That's because Target has a glut of inventory it needs to get rid of during the holidays. "Since Target has been amongst the most impacted by having a glut of inventory this year, it will probably set the tone across several categories," the analysts wrote. The analysts visited Target stores and tracked how many items were on sale. They did note that Target's discounting has been less aggressive in categories like apparel and beauty.

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