Online shoppers spent more than $200 billion for the holidays for the second-straight year, breaking another record, with sales spiking above $11 billion on Cyber Monday alone, according to data Read more
Tag: Retail/Wholesale
Amazon confirms more than 18,000 layoffs, far more than originally expected
Amazon.com Inc.’s AMZN, -0.79% layoffs will affect more than 18,000 employees, the highest reduction tally revealed in the past year at a major technology company as the industry pares back Read more
As EU works to coordinate response to China’s COVID wave, Beijing and airlines are unhappy
European Union officials were working Wednesday to coordinate a response to China’s current surge of COVID cases and were likely to agree on travel restrictions that may upset both Beijing Read more
Tesla stock wipes out three day bounce, hits lowest price in more than 2 years
It has taken just one day for Tesla Inc.’s stock to erase the entire bounce it enjoyed over the last three days trading sessions of 2022, as disappointing deliveries data Read more
COVID-related ICU patients rise to 5-month high above 5,000—are new cases really falling?
While many have been focused on the apparent explosion of COVID cases in China, and the lack of reliable data from China’s government, there are signs suggesting the U.S. situation Read more
These 20 stocks were the biggest losers of 2022
This has been the year of reckoning for Big Tech stocks — even those of companies that have continued to grow sales by double digits. Below is a list of Read more
U.S. jobless claims move higher in latest week
The numbers: Initial jobless claims rose by 9,000 to 225,000 in the week ended December 24 , the U.S. Labor Department said Thursday. Economists polled by The Wall Street Journal Read more
China turns a corner on COVID as it lifts quarantines for foreigners
China has turned a corner in its zero-Covid policy, lifting quarantines for foreign travelers from early next year, but that has come with cost as cases are surging and hospitals Read more
Home price growth falls in October, as market feels effect of high mortgage rates
The numbers: The S&P CoreLogic Case-Shiller 20-city house price index rise fell 0.5% in October, its fourth monthly decline. Year-over-year appreciation rose 8.6%, slowing from 10.4% in the previous month. Read more
Eat, drink and be merry: Here’s where shoppers have been spending the most money this holiday season
Restaurants are set to become the biggest winners of a holiday season that could turn out to be the most normalized since the onset of the pandemic. That’s according to Read more