Business

Consumers spent a record $9.12 billion online shopping during Black Friday and another record $11.3 billion on Cyber Monday, according to the most recent data from Adobe. So far this November, consumers have spent $107.7 billion online overall, up nearly 10% from last year. Yet roughly 60% of Americans were living paycheck to paycheck …

Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Electric truck startup Lordstown Motors said Tuesday that it started shipping its pickup truck to customers after receiving final regulatory approval to …

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Bounce back? Wall Street is looking for a rebound after Monday’s …

BEIJING — Mainland China announced significant progress Tuesday in getting Covid-19 booster shots for people “over age 80.” As of Monday, 65.8% of that age category had received booster shots, an official told reporters. That’s up from 40% as of Nov. 11, according to prior disclosures. China also announced a …

CNBC’s Jim Cramer on Monday told investors that a key labor report could help drive the Federal Reserve’s inflation strategy. “We need to see the unemployment rate go higher, while wages remain stable and we get meaningful layoffs in some industries. If that doesn’t happen, if the numbers are truly …

Rio Tinto PLC: “You need to see commodity inflation come back. I will say, it’s a great hedge against long-term inflation, though.” NIO Inc: “That one seems very dicey.” Enphase Energy: “It is doing so well, and every time it’s down $15, $20, I want to come on air and …

CNBC’s Jim Cramer on Monday explained why he believes the Dow Jones Industrial Average will continue to outperform the Nasdaq Composite and S&P 500 next year. “As we head into the end of the year, Wall Street tends to crowd into the biggest winners, which is why I expect the …

It is thought the new U.K. government’s mini-budget may have made buying a house even more difficult. Photo by LanaStock via Getty Images Crypto firm BlockFi on Monday filed for Chapter 11 bankruptcy, two weeks after the collapse of crypto exchange FTX, further complicating taxes for investors during a difficult …

Chief executive officer and chairman of The Walt Disney Company Bob Iger and Mickey Mouse look on before ringing the opening bell at the New York Stock Exchange, November 27, 2017 in New York City. Getty Images Disney Chief Executive Officer Bob Iger said Monday during his first town hall …

Ahmad Nourollahi of Iran in action during the FIFA World Cup Qatar 2022 Group B match between England and IR Iran at Khalifa International Stadium on November 21, 2022 in Doha, Qatar. Richard Sellers | Getty Images Sport | Getty Images Iranian state media is calling for the U.S. World …