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Record online sales give short U.S. holiday shopping season a boost: report

U.S. shoppers spent more online than in retail stores during the shortest winter shopping season in the past six years, with online sales hitting a record high, a report by Mastercard Inc showed.



5 years ago

Record online sales give U.S. holiday shopping season a boost: report

U.S. shoppers spent more online during this year's holiday shopping season, a report by Mastercard Inc showed on Wednesday, with e-commerce sales hitting a record high.



5 years ago

Oil rises, supported by trade deal, OPEC cuts

Oil prices rose on Thursday, buoyed by a potential breakthrough in the Sino-U.S. trade war and OPEC-led efforts to constrain supply, although trading was quiet as many markets were in holiday mode.



5 years ago

Prosecutors claim Avenatti was over $15 million in debt during alleged Nike extortion

California attorney Michael Avenatti, known for representing porn actress Stormy Daniels in a lawsuit against U.S. President Donald Trump, was more than $15 million in debt when he allegedly tried to extort as much as $25 million from Nike Inc , U.S. prosecutors claimed.



5 years ago

Asia stocks ease slightly as doubts about risk factors linger

Asian shares and edged lower and U.S. stock futures darted in and out of losses on Tuesday, as the holiday lull offset optimism that a U.S.-China trade deal will boost exports and corporate earnings.



5 years ago

Beauty brands tap TikTok influencers for holiday campaigns

In a TikTok video with the hashtag #awesomekiss, viral teen star Charli D'Amelio uses an eos Products lipbalm before kissing the screen and transforming into a dancing, costumed Santa in an ad for her 12 million followers.



5 years ago

How risky ETFs won the decade - and why they might not repeat that performance

Exchange-traded funds that use leverage to offer double or triple the daily return of benchmark U.S. stock indexes rank among the 10 top-performing funds of the decade, with returns that in some cases neared 2,000%, despite warnings that they are not suitable for most investors.



5 years ago

U.S. activist investors post strong gains as needling companies pays off

Activist investors who are shaking up Corporate America with calls for operational fixes, refreshed boards and even sales of a company are delivering their best returns in six years with double-digit gains for 2019 after big losses in 2018.



5 years ago

Oil prices rise in quiet Christmas Eve trade amid supply cuts

Oil prices rose on Tuesday in thin pre-Christmas trading after Russia's energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories.



5 years ago

New Boeing boss Calhoun is a tough-minded veteran of crisis

Beleaguered Boeing Co is putting its future in the hands of an industrial veteran who has led several companies in crisis, began his career at engine maker General Electric Co and has already spent a decade on the board of the world's largest planemaker.



5 years ago

Festive world markets pause for breath near record highs

World stocks flatlined near record highs on Tuesday and remained on track for their best year in a decade, as China's latest policy easing pledges added to the optimism generated by signs of detente in the 17-month long Sino-U.S. trade war.



5 years ago

Credit Suisse hit with $6.5 million U.S. fine for supervisory lapses

The U.S. Financial Industry Regulatory Authority (FINRA) and major exchanges have fined Credit Suisse's U.S.-based securities business $6.5 million for supervisory failings, FINRA said late on Monday.



5 years ago

New Boeing boss faces EU pressure over Embraer tie-up: sources

As Boeing's new boss tackles the immediate crisis over its grounded 737 MAX jet, he also faces pressing questions from European regulators over a deal to buy the commercial arm of Brazil's Embraer - seen as key to its longer-term strategy.



5 years ago

Oil prices rise in Christmas Eve trade amid supply cuts

Oil prices rose on Tuesday in thin pre-Christmas trading after Russia's energy minister said cooperation with OPEC to support the market would continue and as analysts forecast a second weekly decline in U.S. crude inventories.



5 years ago

Nissan top executive Seki to resign in blow to turnaround plan

The executive tasked with leading a recovery at Nissan Motor Co Ltd said he had decided to resign just weeks into his new job, a move that could disrupt the automaker's push to turn the corner on scandal and slumping sales.



5 years ago