The White House on Thursday abandoned a proposal to create a border adjustment tax which it had touted as a way of dealing with unfair competition from imports, but was strongly opposed by US industry. “While we have debated the pro-growth benefits of border adjustability, we appreciate that there are many unknowns associated with it … Read more
Shares of Amazon surged above $1,000 for the first time Tuesday, marking another milestone in the rise of the American online retail giant. Near 14:10 GMT, the company’s shares were selling at $997.97, up 0.2 percent after earlier getting as high as $1,001.20. Amazon’s market capitalization stood at about $478 billion, more than twice that … Read more
Sales and traffic at U. S. brick-and-mortar stores on Thanksgiving Day and Black Friday declined from last year, as stores offered discounts well beyond the weekend and more customers shopped online. Internet sales rose in the double digits on both days, surpassing $3 billion for the first time on Black Friday, according to data released … Read more
U. S. online sales surged on Black Friday, with Amazon.com Inc offering the steepest discounts among e-commerce sites as it set the agenda for what has traditionally been the biggest shopping day of the year for brick-and-mortar retailers. In-store shopping began to pick up in the afternoon, but the increase in customer traffic paled in … Read more
Former United States Secretary of State and Senator Hillary Clinton phoned real estate magnate Donald Trump in the early morning hours of November 9 to concede defeat in the national presidential elections. During the course of 2015-2016, the corporate media networks were highly critical of all campaigns outside the one conducted by Clinton. Nonetheless, both … Read more