Has Cyber Monday Lost Its Luster? [VIDEO]
NEW YORK (AP) — Cyber Monday may be losing some of its luster as online retailers seek to get an ever earlier jump on holiday sales. The Monday after Thanksgiving is traditionally the busiest online shopping day of the year, but stores are releasing internet deals earlier, stretching them through the week. Shoppers looking for discounts spurred online sales on Black Friday to a new high. Some deals have been popping up since Nov. 1.
BEIJING (AP) — Chinese shares rose but most other global markets retreated today as oil prices fell further on unease about this week's OPEC meeting to discuss possible output cuts. Futures point to a lower opening on Wall Street today. Benchmark U.S. crude oil fell but remains above $45.50 per barrel. The dollar fell against the yen and the euro.
NEW YORK (AP) — Thanksgiving weekend shoppers picked up hot toys, TVs and new Apple products, buying both online and in stores, but spent less per person because of rampant discounting that they've come to demand. All the receipts aren't in yet but a National Retail Federation survey says it appears customers spent an average of $289.19 over the four-day weekend, down nearly 3.5 percent from a year ago.
NEW YORK (AP) — AT&T's DirecTV is hoping to become a big winner in the online race to replace cable. There are already a few online services. While just about any person you meet on the street will tell you cable costs too much, the vast majority of Americans don't think it's bad enough to cancel. An analyst says no one has yet come up with the right mix of content, price and ease of use. AT&T's new service, creatively dubbed DirecTV Now, has the size to get better deals from entertainment companies, who have slowly come around to the idea of streaming.
WASHINGTON (AP) —There are no major economic reports due out today. But tomorrow, the Commerce Department will release the third-quarter gross domestic product. And Standard & Poor's will issue the S&P/Case-Shiller index of home prices for September and the third quarter. Also on Tuesday, the Conference Board will release the Consumer Confidence Index for November.