>>Holiday-Shortened Trading Week
(New York, NY) -- The opening bell rings this morning after a positive week came to a close on Friday. Tech stocks struggled but the major indexes posted weekly gains of more than one-and-a-half percent. At the closing bell, the Dow Jones Industrial Average gained 426 points to 44-296. The S&P 500 rose 20 points to 59-69. The Nasdaq gained 31 points to 19-003. This will be an abbreviated trading week, with markets closed for the Thanksgiving holiday on Thursday and trading wrapping up early on Friday.
>>Economic Reports Coming Up
(Undated) -- A few major economic reports are due out this week, but things get off to a slow start with nothing on today's lineup. Minutes of the Federal Reserve's last meeting will be released Tuesday. Most analysts are expecting to see the Fed cut interest rates again next month when the central bank meets for the final time this year. Consumer confidence and new home sales data is also due out Tuesday. Wednesday brings the first revision of third quarter GDP, weekly jobless claims and personal income and spending. There's nothing on the calendar on either Thanksgiving or Friday.
>>Millennials Say They Plan To Spend Big This Holiday Season
(Undated) -- As the season of giving approaches many Americans have already started their holiday shopping. The generation planning to spend the most this year is Millennials according to a report by TransUnion. With 63 percent of millennials saying they plan to spend the same or more on their holiday shopping than last year. The National Retail Federation says between Nov. 1st and December 3rd holiday spending is expected to jump to a record 989-billion-dollars. According to Deloitte's holiday retail survey. holiday shoppers are expected to spend eight percent more than last year for an average of nearly 17-hundred-80-dollars,
>>Supreme Court Drops Facebook's Appeal Of Investors' Lawsuit
(Washington, DC) -- The Supreme Court is tossing out an appeal by Facebook, allowing an investors' lawsuit to move forward. The investors claim Facebook misled them about risks from a massive data breach. The justices were unanimous, writing a one-line opinion on Friday that indicated the high court should never have taken up the case. Investors sued Facebook when news broke that political consulting firm Cambridge Analytica improperly obtained data from 30-million Facebook users. That led to a sharp drop in Facebook's stock price in 2018.
>>meQuilibrium Predicts "Manager Crash"
(Boston, MA) -- Dissatisfaction among middle management could become an issue in 2025. That's according to digital coaching platform meQuilibrium, which predicts a "manager crash" in the coming year. The company thinks there will be widespread burnout as middle managers feel less supported by their superiors.
>>San Francisco Hotel Workers Hit Picket Lines
(San Francisco, CA) -- More hotel workers have hit the picket lines in San Francisco. About 500 hotel workers were picketing on Sunday, joining about two-thousand of their brethren who were already marching for a new contract. Bellhops, cooks, dishwashers, servers and more have been on strike since late September, weeks after their contracts expired. Workers want better wages and affordable health care. Union leaders say they hope to continue negotiating with the hotels in question.
>>McDonald's To Sell McRib Sauce Jugs
(Chicago, IL) -- Fans of the McDonald's McRib will soon be able to buy a jug of the sauce used on the famous sandwich. The Golden Arches will start selling "A Whole Lotta McRib Sauce" jugs online today. The jugs will cost about 20-bucks. It's the first time ever McDonald's is offering the sauce for sale. The release is to mark the return of the popular limited time menu item on December 3rd.
