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As the holiday shopping season progresses, early data shows a mixed consumer spending pattern. Retail sales are projected to reach $75 billion over Black Friday to Cyber Monday, with Walmart gaining market share while Target struggles. Analysts predict a cautious yet robust shopping season amid ongoing economic pressures.
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H&M will close its Edinburgh call centre by December 14, 2024, resulting in 150 job losses. The decision follows a review of operations amid changing customer behaviors and rising operational costs. The closure is part of a broader strategy to adapt to market conditions and improve efficiency.
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As the festive season approaches, experts share essential tips for decorating your home. From window dressing to wallpaper choices, these insights help create a warm and inviting atmosphere. Key advice includes simplicity in decor, strategic lighting, and thoughtful wallpaper selection to enhance your space.
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As of November 21, 2024, companies like Siemens, AT&T, and Salesforce are increasingly integrating AI into their operations. This trend aims to enhance productivity, improve client interactions, and address workforce challenges. However, concerns about data privacy and the effectiveness of AI tools persist, particularly in healthcare applications.
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The Federal Reserve's recent meeting minutes reveal a cautious approach to future interest rate cuts amid strong economic performance and persistent inflation. While a rate cut is expected in December, fewer cuts are anticipated in 2025 due to uncertainties surrounding President-elect Trump's economic policies.
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Advance Auto Parts announced plans to close 727 locations by mid-2025 as part of a strategic restructuring. This decision follows a challenging year for the retailer, which has faced declining sales and increased competition. The closures are part of a broader trend in the retail sector, with thousands of stores expected to shut down in the coming years.
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Grimmway Farms has recalled organic whole and baby carrots linked to an E. coli outbreak affecting 39 people across 18 states. The CDC advises consumers to discard the recalled products, which were sold under various brand names. This recall follows a separate outbreak tied to McDonald's Quarter Pounders, which has resulted in one death and over 100 illnesses.
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The American Farm Bureau Federation reports that the average cost of a Thanksgiving dinner for 10 people is $58.08, a 5% decrease from 2023. However, prices remain 19% higher than five years ago, reflecting ongoing inflation concerns. Regional price variations exist, with the West facing the highest costs.
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Walmart is experiencing significant growth, attracting higher-income shoppers as it expands its appeal beyond traditional markets. The retailer's recent earnings report shows strong sales, particularly in non-grocery items, as consumers seek value during the holiday shopping season.
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Following Donald Trump's re-election, he has announced plans to impose significant tariffs on imports from China, Canada, and Mexico. This move is expected to impact various sectors of the US economy and could lead to a trade war, as countries scramble to respond. Trump's cabinet selections reflect a mix of ideologies, complicating the political landscape.
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Walmart has announced significant changes to its diversity, equity, and inclusion (DEI) initiatives, including halting funding for the Center for Racial Equity and removing LGBTQ-themed products aimed at children. This shift follows pressure from anti-DEI activist Robby Starbuck and reflects a broader trend among corporations responding to conservative activism.
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Global markets showed mixed reactions as inflation data from Japan indicated rising prices, impacting investor sentiment. The Nikkei 225 fell while U.S. futures and oil prices rose. South Korea's Kospi remained unchanged after a rate cut, reflecting ongoing economic pressures.
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President-elect Donald Trump announced plans to impose a 25% tariff on imports from Canada and Mexico, alongside a 10% tariff on Chinese goods. This announcement has led to significant market volatility, with currencies and stocks reacting sharply. The tariffs are tied to Trump's agenda on drug and immigration issues.
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President-elect Donald Trump has announced plans to impose significant tariffs on goods from Mexico, Canada, and China on his first day in office. The proposed tariffs aim to address illegal immigration and drug trafficking, raising concerns about their potential economic impact and implications for existing trade agreements.
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On November 26, 2024, Trump announced plans for a 25% tariff on imports from Canada and Mexico, and a 10% tariff on Chinese goods. This move aims to address crime and drug issues but could lead to significant price increases for consumers and impact various industries.
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As Black Friday approaches, U.S. retailers are ramping up discounts to attract shoppers amid economic caution. With five fewer days between Thanksgiving and Christmas, stores are eager to boost foot traffic and sales, despite a challenging retail environment. Early online sales have exceeded expectations, setting the stage for a competitive shopping season.
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The FDA has issued a recall for SunFed brand cucumbers due to potential salmonella contamination. The cucumbers, sold between October 12 and November 26, were distributed across multiple U.S. states and Canada. Consumers are advised to dispose of or return the product for a refund.
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On December 2, 2024, Cyber Monday is projected to generate a record $13.2 billion in online sales, reflecting a 6.1% increase from last year. Retailers are adapting to consumer behavior shifts, with many sales starting earlier and focusing on online discounts as inflation pressures persist.