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Archiv pro měsíc: Listopad 2019

A Shorter Holiday Shopping Season This Year Means a More Intense Scramble

(NEW YORK) — Black Friday shoppers fought for parking spots and traveled cross-state to their favorite malls, kicking off a shortened shopping season that intensified the mad scramble between Thanksgiving and Christmas.

The shopping season is the shortest since 2013 because Thanksgiving fell on the last Thursday in November — the latest possible date it could be. That means customers will have less time to shop and retailers will have less time to woo them.

Shoppers up since the wee hours slept in chairs and slumped against shopping bags at Nashville’s Opry Mills mall, known for its outlet stores. Outside, deal-seekers were still fighting for parking spots by midmorning.

Haley Wright left Alabama at 4 a.m. to arrive at the Tennessee mall by 7 a.m. She makes the annual trip because she says the stores offer better deals and a more fun environment than the stores back home.

“I let my husband do the online shopping; I do Black Friday,” she said.

Adobe Analytics predicts a loss of $1 ..

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The U.S. Economy Is Looking Durable Despite Risks From the Trade War

WASHINGTON (AP) — A series of government reports Wednesday cast a picture of a steadily growing U.S. economy, fueled by solid consumer spending and defying threats — at least for now — from a U.S.-China trade war and a global slowdown.

The Commerce Department estimated that the economy grew at a moderate 2.1% annual rate over the summer, slightly better than it had previously estimated. Other reports showed stronger consumer spending and a rebound in orders for big-ticket manufactured goods.

For the July-September quarter, the rise in the gross domestic product, the economy’s total output of goods and services, exceeded the government’s initial estimate a month ago of a 1.9% annual rate. A key reason is that businesses didn’t cut back on investment spending as much as first estimated.

The economy had begun the year with a sizzling 3.1% GDP rate, fueled largely by the now-faded effects of tax cuts and increased government spending.

Many analysts worry that GDP growth is slipping in ..

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Wynn Resorts Settles With Pension Funds Over Sex Allegations

(RENO, Nev.) — Wynn Resorts agreed Wednesday to accept $41 million from former CEO and chairman Steve Wynn and insurance carriers as part of a settlement stemming from shareholder lawsuits accusing company directors of failing to disclose the casino mogul’s alleged pattern of sexual misconduct.

Neither the company nor its current or former directors or officers were found to have committed any wrongdoing in connection with the pending settlement involving multiple public pension funds, the company said in a statement late Wednesday.

The deal is subject to approval of a judge in Las Vegas.

Wynn would pay $20 million in damages while another $21 million will come from insurance carriers on behalf of current and former employees of Wynn Resorts, the company said.

Wynn has denied all allegations of misconduct. He resigned from the casino company in February 2018.

Wynn Resorts said the settlement reached Wednesday afternoon credits the company with $49 million for changes made since th..

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