Buy now pay later boom shows no signs of slowing this holiday season

Betsie Van der Meer | DigitalVision | Getty Images The buy now, pay later phenomenon is showing little signs of slowing down. Shoppers have flocked to the option over the last year as online shopping has surged amid the pandemic, benefiting fintech companies like Affirm, Klarna, and Square‘s Afterpay, while also prompting other payment platforms like PayPal … Read more

Black Friday shopping in stores drops 28% from pre-pandemic levels as shoppers spread spending throughout the season

Shoppers with bags from various stores stand next to each other as Black Friday sales begin at The Outlet Shoppes of the Bluegrass in Simpsonville, Kentucky, November 26, 2021. Jon Cherry | Reuters Traffic at retail stores on Black Friday dropped 28.3% compared with 2019 levels, as Americans shifted more of their spending online and … Read more

Sitting out the season: A record number of Americans say they won’t be buying holiday gifts this year

Donna Hilliard, executive director at Code Tenderloin, said the non-profit group serving the homeless population is currently seeing more demand than it has ever seen. Source: Code Tenderloin Code Tenderloin, a nonprofit group serving the homeless in San Francisco, said it has about $7,000 worth of gift cards to hand out to those who need … Read more

Jury holds CVS, Walgreens and Walmart responsible for role in opioid crisis

This illustration image shows tablets of opioid painkiller Oxycodon delivered on medical prescription taken on September 18, 2019 in Washington, DC. Eric Baradat | AFP | Getty Images Three retail pharmacy chains recklessly distributed massive amounts of pain pills in two Ohio counties, a federal jury said Tuesday in a verdict that could set the … Read more

Best trades on CNBC Monday: Cramer’s big tech plays, reopening winners, and retailer picks by the pros

Recap of the best stock picks on CNBC Monday Source link

Walmart looks to grab shopper attention with star-studded online shopping events

The Walmart+ home screen on a laptop computer in Brooklyn, New York on Wednesday, Nov. 18, 2020. Gabby Jones | Bloomberg | Getty Images Walmart is adding another tool to its arsenal this holiday season to drum up online sales: More than 30 livestreaming events, including one with musician Jason Derulo that kicks off Cyber … Read more

‘What an opportunity to buy things’ — Cramer likes stocks tied to strong American consumer

CNBC’s Jim Cramer said Friday the recent market underperformance of non-tech stocks gives investors the chance to purchase names that do well when Americans spend their money. “What an opportunity to buy things that are being thrown away left and right,” Cramer said on “Squawk on the Street,” as Dow futures pointed to an over … Read more

Here are Friday’s biggest analyst calls of the day: Tesla, Amazon, Plug Power, Delta & more

Here are the biggest calls on Wall Street on Source link

5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady after more retail earnings, near-record closes Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City. Spencer Platt | Getty Images U.S. stock … Read more

Walmart says it’s ready for holidays — but hasn’t yet seen huge wave of early shoppers

Jonathan Mary fixes the sign indicating that there are 30 more days until Christmas at a Walmart store in Miami, Florida.  Joe Raedle/Getty Images Retailers are betting fears of out of stocks and shipping delays will inspire people to hit the mall, stores and websites and hunt for gifts earlier this holiday season. That wave … Read more