>>Wall Street Welcomes Fresh Trading Month
(New York, NY) -- The opening bell rings for the first time in December this Monday. Stocks closed higher Friday in holiday-shortened trading to cap a strong November. Both the Dow and S&P 500 hit intraday records and new closing highs during the session. Gains in Boeing, Nvidia and Tesla lifted markets with the Dow surpassing 45-thousand for the first time ever in mid-morning trading. At the closing bell, the Dow Jones Industrial Average gained 188 points to 44-910. The S&P 500 added 33 points to 60-32. The Nasdaq rose 157 points to 19-218.
>>Economic Reports On The Horizon
(Undated) -- Coming up in the business week ahead, reports start rolling out today with word on construction spending. Data on job openings and auto sales follow on Tuesday. The ADP employment report is due Wednesday along with the Fed Beige Book. Trade deficit numbers and weekly jobless claims will be released on Thursday. The week wraps up Friday with the always-anticipated monthly employment report, along with the latest reading on consumer credit.
>>Cyber Monday After Black Friday See Nearly $11 Billion Spent Online
(Undated) -- Black Friday was a virtual venture for U.S. shoppers this year who spent around ten-point-eight billion dollars online. According to Adobe Analytics, that's up ten percent from last year. Meanwhile, Cyber Monday is expected to hang onto bragging rights as being the year's biggest online shopping day, with Adobe saying shoppers could easily spend upwards of 13-billion dollars.
>>FBI Warns Of Scam Websites
(Washington, DC) -- The FBI is warning online holiday shoppers to beware of scam websites. The bureau put out a news release ahead of Black Friday and Cyber Monday for shoppers who use Chrome, Safari and Edge browsers, warning of online security risks. The warning includes a checklist of how not to get scammed, like avoiding websites that don't have a padlock in the address bar, meaning the website is not secure. The experts also say don't buy from a website until you have researched it and read reviews on it, and to make sure the reviews aren't fake.
>>Box Office Record Set On Black Friday
(Los Angeles, CA) -- Three blockbusters made it a record-setting Black Friday at the box office. Moana 2, Wicked and Gladiator 2 brought in a combined total of at least 107-million dollars, shattering the previous Black Friday record of 85-million dollars set in 2013. The latest box office estimates show Moana 2 brought in another 55-million dollars on Friday, Wicked made 27-million dollars and Gladiator 2 saw 12-million dollars in ticket sales.
>>Costco To Stop Selling Books At Most Stores
(Issaquah, WA) -- Costco will stop selling books at most of its stores starting in January. The discount warehouse chain will remove the book sections at about 500 of its 600 U.S. stores. The company says its making the change because stocking books is labor-intensive. >>Stellantis CEO Resigning (Detroit, MI) -- Stellantis CEO Carlos Tavares has suddenly resigned form the Jeep, Ram, Dodge and Chrysler automaker. The resignation comes in the midst of heightening "different views" between the board of directors and the executive. The automotive production giant released a statement on Sunday saying its board has accepted Tavares' resignation. His leave begins effective immediately and Stellantis says its course to assign a new CEO is "well under way."
