Business News

Where's the Beef?

Although still reasonably strong, the pace of US manufacturing sector slowed in November to its lowest rate of growth since January, while gauges of new orders and output also fell. Global manufacturing activity expanded at its weakest pace in over a year in November, with new orders rising at their slowest rate since July 2013. (Reuters)

Just 23 days till Christmas and Wal-Mart says online sales broke company records, with more than 1.5 billion pages viewed over the holiday shopping period.  Mobile sales accounted for about 70% of traffic. (CNBC)

Broadly US online sales grew a smaller-than-expected 8% on Cyber Monday, with some consumers taking advantage of Internet promotions before and during the Thanksgiving weekend. Data over the weekend showed a 32% rise in online orders on Thanksgiving and a 26% increase on Black Friday. Cyber Monday sales continued to be driven by mobile traffic which grew 38.3% this year, even as the average order value remained flat at $131.66.
(Reuters)

The average price for a pound of ground beef climbed to another record high -- $4.16 per pound -- in October.  A year ago the average price for a pound of ground beef was $3.39 per pound. That is a 22.6% jump in one year. Five years ago the average price for a pound of ground beef was $2.18. (CNSNews.com)
 

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