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Monthly Archives: November 2017

South Africa to outline ‘decisive’ policy in 2018 after debt rating cut

Marco Longari | Getty Images A woman waves the South African flag during a demonstration in Pretoria, calling for president Jacob Zuma to resign, in April 2017 South Africa will use its annual budget next year to outline “decisive” policy to strengthen its fiscal framework, the finance ministry said on …

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Momentum grows for another grand coalition in Germany

Sean Gallup | Getty Images News | Getty Images German Chancellor and head of the German Christian Democrats (CDU) Angela Merkel attends preliminary coalition talks that later collapsed with the withdrawl of the Free Democratic Party (FDP) at the Baden-Wuerttemberg state representation on November 19, 2017 in Berlin, Germany. Members …

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Retailers need to combine technology and personal service, Ethan Allen CEO says

As retail becomes more competitive, CEO of furniture chain Ethan Allen Farooq Kathwari offered some advice for struggling companies. “Today in retail, if you are a seller of a commodity, it’s hard to have brick-and-mortar. So, what you have to do is, you have to really combine the best of …

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Black Friday bargains were bigger, on average, last year

Kamil Krzaczynski | Reuters Customers navigate through the aisles during the Black Friday sales event on Thanksgiving Day at Target in Chicago, November 23, 2017. Black Friday circular discounts came in slightly less than last year, with retailers offering 44 percent off on average, compared to 45 percent last year, …

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London’s Oxford Street underground station reopens after incident

Daniel Leal-Olivas | AFP | Getty Images An armed policeman runs down Oxford Street in central London on November 24, 2017, as police responded to an incident. British police said they were responding to an ‘incident’ at Oxford Circus in central London on Friday and have evacuated the Underground station, …

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Death toll in attack on mosque in Egypt’s north Sinai climbs to 235: State television

Stringer | AFP | Getty Images A view of the Rawda mosque, roughly 40 kilometres west of the North Sinai capital of El-Arish, after a gun and bombing attack, on November 24, 2017. Militants killed 235 people at a mosque in Egypt’s north Sinai region on Friday, detonating a bomb …

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Hedge funds hate these 10 stocks, Goldman says

One of the main ways hedge funds make money is betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of so-called short interest. Goldman Sachs listed which stocks professional managers are short selling the most in its latest “Hedge Fund Trend Monitor” …

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Decline of the Retail Store ETF tries to make money off retail’s misery

“Investors are witnessing signs of trouble in the malls and falling stock prices in the markets,” Michael Sapir, CEO of ProShare Advisors, said in a press release. “For the first time, investors can turn these trends into a potential investment opportunity through an ETF.” The fund does this by taking …

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Nasdaq and S&P hit record highs, Amazon rises on bets of strong holiday shopping season

Brendan McDermid | Reuters Specialist trader Michael Pistillo Jr. wears a dow 23,000 hat, after the dow briefly traded above 23,000, at his post on the floor of the New York Stock Exchange in New York, October 17, 2017. Shares of Macy’s, Nordstrom and Kohl’s rose more than 1 percent …

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Black Friday frenzy as throngs of shoppers line up for deals in US

Black Friday still has shoppers across America lining up outside stores, anticipating deep discounts and doorbusters, albeit spending continues to shift online. By Thanksgiving afternoon, long lines of people were already forming outside of Target, Best Buy and J.C. Penney locations, among other retailers, across the country. Wal-Mart opted to …

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