Financial Review

Black Cyber-ish


Listen Later

….Black November. New home sales at 10-year high. Congress looks to confirm Powell. Big vote this week on tax legislation. Who is in charge of CFPB? Meredith buys Time. Maryland assault weapons ban stands. Bitcoin gets bubbly. DOW + 22 = 23,580 SPX – 1 = 2601 NAS – 10 = 6878 RUT – 5 = 1513 10 Y – .01 = 2.33% OIL – 1.08 = 57.87 GOLD + 6.10 = 1295.00   Happy Cyber Monday. Online shoppers in the U.S. are expected to spend about $6.6 billion today, up from $5.6 billion one year ago. Thanksgiving and Black Friday, when shoppers spent $7.9 billion and bought more on their mobile devices than last year, had also generated record online sales. That brightened the overall outlook for traditional retailers that have expanded beyond brick-and-mortar outlets into e-commerce. The availability of deals and promotions throughout November hurt shopper traffic at stores. If you don’t find a really great deal today, be patient – look for deeper discounts to be offered later in December.   Online sales at Wal-mart grew 50 percent year-over-year in the most recent quarter. It now accounts for 3.6 percent of total U.S. online sales in the 12 months to October 2017, up from a 2.8 percent share a year ago. Even with this progress, Wal-Mart has a long way to go. Amazon’s share of the U.S. e-commerce market stands at 43.5 percent. About half of U.S. households are estimated to have Amazon Prime subscriptions.   GlobalData’s ...
...more
View all episodesView all episodes
Download on the App Store

Financial ReviewBy Sinclair Noe