New York CNN — Despite high inflation and recession fears, the holiday shopping season seems to be off to a good start. Black Friday and Cyber Monday sales were strong as Americans were lured by deep discounts. Although consumer spending is slowing, it remains surprisingly resilient. The problem, however, is that many Americans’ paychecks are …
Minneapolis CNN Business — US shoppers spent more in October, showing continued resilience amid still-high inflation and an early start to the holiday shopping season. US retail sales rose 1.3% in October, the Census Bureau reported Wednesday. It’s the biggest monthly gain since February and better than 1% economists had expected. consumer spending was flat …
hong kong CNN Business — Singles Day in China, the largest in the world annual trade event, is known for regularly breaking sales records. This year’s windfall, which ends Friday and is led by internet titans Alibaba (BABA) and JD.com (JD), is likely to be no exception: first time. Singles Day typically eclipses two of …
