Online Black Friday sales set a new record

new York CNN Business 🇧🇷 Online Black Friday sales in the United States topped a record-breaking $9.12 billion this year, according to Adobe Analytics, kicking off a solid start to the holiday shopping season despite inflation and other economic concerns. Adobe, which tracks sales on retailer websites, said that this year’s Black Friday online sales … Read more

Three Reasons Why Washington’s Alliances the Weakest They’ve Ever Been

https://sputniknews.com/20221128/three-reasons-why-washingtons-alliances-the-weakest-theyve-ever-been-1104799744.html Three Reasons Why Washington’s Alliances the Weakest They’ve Ever Been Three Reasons Why Washington’s Alliances the Weakest They’ve Ever Been The White House sounded triumphalist on Sunday, claiming on Twitter that under US President Joe Biden, Washington’s alliances and partnerships are the… 28.11.2022, Sputnik International 2022-11-28T18:20+0000 2022-11-28T18:20+0000 2022-11-28T18:20+0000 sputnik explains us nato finland sweden … Read more

Black Friday online sales top $9 billion in new record

Black Friday shoppers wait to enter the Coach store at the Opry Mills Mall in Nashville, Tennessee, on November 25, 2022. Seth Herald | AFP | Getty Images Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe, which tracks sales on retailers’ websites. Overall online sales for the … Read more

Average US Family Spending Increases by $433 a Month For Same Goods This Year

https://sputniknews.com/20221125/average-us-family-spending-increases-by-433-a-month-for-same-goods-this-year–1104707916.html Average US Family Spending Increases by $433 a Month For Same Goods This Year Average US Family Spending Increases by $433 a Month For Same Goods This Year WASHINGTON (Sputnik) – The average US household spending is up $433 a month for the same products and services as compared to last year, CNBC reported … Read more

Singapore’s inflation may have eased slightly, but central bank warns pain likely to linger

Singapore skyline from the Merlion park on May 15, 2020. Roslan Rahman | AFP | Getty Images Singapore’s economy is likely to face persistent pain from global financial concerns, even though the country’s core inflation eased somewhat in October. The Monetary Authority of Singapore warned of prolonged risk factors piling onto the nation’s financial vulnerability … Read more

Ghana plans to buy oil with gold instead of dollars | Business and Economy News

The move is aimed at tackling dwindling forex reserves amidst rising inflation and a weakening local currency. Ghana’s government is working on a new policy to buy oil products with gold rather than US dollar reserves, Vice President Mahamudu Bawumia has said on Facebook. The move, announced on Thursday, is meant to tackle dwindling foreign … Read more

Latin America faces ‘prolonged crisis’ following pandemic: UN | Poverty and Development News

A UN report on Latin America and the Caribbean warns that nearly 45 percent of youth live below the poverty level. A report by the United Nations has said that Latin America and the Caribbean could face a “prolonged social crisis” in the aftermath of the COVID-19 pandemic. The report by the Economic Commission for … Read more

Mortgage rates fall for the second week in a row

Mortgage rates dropped again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending November 23, down from 6.61% the week before, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen throughout most of 2022, spurred … Read more

Fed offers more rate hike clues

new York CNN Business 🇧🇷 Americans are getting ready for food, family and football on Thursday, but investors were still holding off until Wednesday afternoon before starting to give thanks. That’s because the Federal Reserve released the minutes from its latest meeting at 2pm ET Wednesday, which provided more clues about the central bank’s thinking … Read more

Turkey cuts rates by 150 basis points and ends easing cycle

An electronic board displays exchange rate information at a currency exchange bureau in Istanbul, Turkey, on Monday, Aug. 29, 2022. Nicole Tung | Bloomberg | Getty Images Turkey’s central bank on Thursday cut interest rates by 150 basis points to 9% and decided to end its cycle of monetary policy easing, citing increased inflation risks. … Read more