MCE

US Black Friday online sales hit record $9 billion despite high inflation – Adobe Analytics

Nov 26 (Reuters) – US shoppers spent a record $9.12 billion online this Black Friday, a report showed on Saturday, as consumers weathered the squeeze from high inflation and grabbed steep discounts on everything from smartphones to toys. Online spending rose 2.3% on Black Friday, Adobe Inc’s (ADBE.O) data and insights arm Adobe Analytics said, …

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Nasdaq ends down as investors eye Black Friday sales, China infections

Retailers in focus as Black Friday sales start Activision down on likely FTC lawsuit to block Microsoft deal Apple slips, Foxconn China plant sees lower shipments Indexes: Dow up 0.45%, S&P 500 down 0.03%, Nasdaq down 0.52% Nov 25 (Reuters) – The Nasdaq closed lower on Friday with pressure from Apple Inc (AAPL.O) in a …

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Atlantia exit highlights Milan’s battle to retain market heavyweights

Atlantia to be delisted after buyout Many Italian companies steer clear of the stock market Authorities seeking to boost standing of Borsa Italiana MILAN, Nov 25 (Reuters) – The buyout of Atlantia (ATL.MI) will cut another 19 billion euros ($19.5 billion) from the value of the Milan bourse and bring to 12 the number of …

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Consumer inflation in Japan’s capital rises at the fastest pace in 40 years

Tokyo Nov core CPI up 3.6% vs f’cast +3.5% Tokyo CPI stays above BOJ’s 2% target for the 6th straight month Data underscores widening inflationary pressure TOKYO, Nov 25 (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose at their fastest annual pace in 40 years in November and …

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German residential property market faces risk of price drop – DIW study

BERLIN, Nov 23 (Reuters) – The German residential property market faces a growing risk of price corrections, the DIW research institute said in a study released on Wednesday. “We are not facing the bursting of a huge real estate price bubble in Germany,” the report’s co-author Konstantin Kholodilin said. “But price drops of up to …

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Asia shares gain despite Chinese COVID case numbers rising

SYDNEY, Nov 23 (Reuters) – Asian share markets were mostly in positive territory on Wednesday despite rising COVID-19 cases in mainland China leaving investors uncertain over how much the fresh outbreaks could slow the reopening of the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up 0.3%, after US stocks …

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