Home / 2019 (page 22)

Yearly Archives: 2019

Best Buy and Target persist as other retailers lose to Amazon

A Target store in Culver City, California. Mark Ralston | AFP | Getty Images A lot of traditional retailers will lose in the battle against Amazon, David Berman, founder of Durban Capital, said on “Squawk Alley” Friday. But Target and Best Buy seem safe for now. “You are seeing outliers …

Read More »

8 holiday gifts under $50 for everyone on your list

Having a hard time finding the perfect gift that fits in your budget? CNBC Make It has you covered. Here are eight gifts for everyone in your life that cost $50 or less. A photo calendar for the sentimental one Source: Social Print Studio Customize a tear-away calendar so your …

Read More »

Black Friday online sales up 19% by 9 am, Thanksgiving sales hit record online

Workers in the Peterborough Amazon Fulfilment Centre prepare for Black Friday on November 27, 2019 in Peterborough, England. Hollie Adams | Getty Images Turkey didn’t slow down shoppers this Thanksgiving. Shoppers spent $4.2 billion online on Thanksgiving, a 14.5% increase from last year and a record high, according to data …

Read More »

Buffett sitting on $128 billion raises questions on market valuation

Warren Buffett Gerard Miller | CNBC Despite having $128 billion to burn, Warren Buffett just backed out of a bidding war after a slightly higher offer topped Berkshire Hathaway’s. If the Oracle of Omaha is that shy to just spend a tad more of his giant cash pile, could that …

Read More »

Mega Millions jackpot at $243 million after two months with no winner

If you hit the Mega Millions jackpot in Friday night’s drawing, don’t forget that good ol’ Uncle Sam will be hovering with palm out. After more than two months of twice-weekly drawings with no one matching all six numbers — your chance of doing so is 1 in about 302 …

Read More »

Here’s why restaurants don’t get the Black Friday boost you’d expect

Black Friday is still expected to be the busiest shopping day of the year. But restaurants don’t necessarily get a spending boost as consumers head out to snag deals. The NPD Group analyzed receipts from a panel of 150,000 customers nationwide and found that last year the big traditional shopping …

Read More »

Amazon, UPS, FedEx pilots seek more rest as busy holiday season begins

A Boeing 747 cargo freighter belonging to Atlas Air. S3studio | Getty Images As the peak holiday season ramps up for online retailers and shipping companies, cargo pilots that fly packages for Amazon, UPS and FedEx are pushing to work under the same rules as passenger pilots, a change that the …

Read More »

Supreme Court about to hear the biggest gun-control case in a decade

A woman tries out a rifle at a National Shooting Sports Foundation’s Shooting, Hunting, Outdoor Trade Show in Las Vegas. Getty Images Matt Post is too young to remember the last time the Supreme Court heard a case over gun control. But the 20-year-old college student is hoping the nine …

Read More »

Costco’s website goes down on Thanksgiving, others see outages

Shoppers walk past a placard that states “Black Friday preview” at a Macy’s store as pre-Thanksgiving and Christmas holiday shopping accelerates at the King of Prussia Mall in King of Prussia, Pennsylvania, November 22, 2019. Mark Makela | Reuters As online shopping becomes more popular over the Thanksgiving weekend, some …

Read More »

Warren Buffett’s latest attempt to put his cash to work is thwarted

Berkshire Hathaway’s cash hoard keeps growing, topping $128 billion according to the company’s latest SEC filing. Now, we finally have an idea of what Warren Buffett has been thinking of doing with some of that money. In a little-noticed announcement late Wednesday, Tech Data said that it had agreed to …

Read More »