Online sales during 2021’s Black Friday and Cyber Monday shopping holidays ended up being slightly less than those of the previous year, representing the first time such a decrease has been recorded. Americans shelled out $8.9 billion on Black Friday deals and $10.7 billion on Cyber Monday specials, compared to…
I hope everyone reading this had a wonderful Thanksgiving full of family, love and laughter. Even if that wasn’t your experience, there’s still much to be grateful for. Below are three charts for which I happen to be most thankful right now.
The U.S. hit a new pandemic high recently…
Over the past year, inflation has turned up in everything from household items to used cars. Now it’s coming for your turkey and cranberry sauce.
Americans celebrate Thanksgiving this week, and as I’m sure you’ve noticed, prices are way up. The average cost of a typical holiday feast has increased…
Luxury goods sales just went from dip to rip.
After plunging due to the global health crisis, the personal luxury goods market returned to pre-pandemic growth in 2021, with sales estimated to top 283 billion euros ($325 billion) by year-end, according to a new report by Bain & Company. …
Back in December 1997, the Financial Times ran a now-infamous article titled “Death of Gold.”
In it, the author Kenneth Gooding claimed that as an investment, “gold is a goner.” The crises of the past 10 years — the 1987 stock market crash, the Gulf War, Asia’s financial meltdown —…
After much anticipation, the U.S. House approved a bipartisan $1.2 trillion infrastructure spending package last week, sending it to President Joe Biden’s desk to sign. …
Policymakers can’t keep inflation at 2%, but they think they can keep the world’s temperature from rising 2° Celsius (or 3.6° Fahrenheit).
That’s how CLSA’s equity strategist Damian Kestel describes the goings-on at COP26, the United Nations’ climate change conference taking place now in Glasgow, Scotland. The attending leaders and…
You’ve probably heard this already, but if you haven’t started your Christmas shopping, it might be a good idea to do so as soon as possible. …
I want to start by addressing the recent pullback in Bitcoin and Ether prices, as well as shares of crypto miners, since Bitcoin hit a new record high last week. It’s important for investors to remember that the crypto ecosystem remains, and is expected to remain, highly volatile.
Whereas gold…
Nearly all savings accounts at U.S. banks are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000, but beyond that, it makes less and less sense for savers and investors to use them. …
