Retail Holiday Boom Sets Stage for Record Christmas Sales
Bloomberg News reports Americans spent heavily in the late Christmas run up with total holiday sales forecast at about 671 billion dollars up 5.5 percent from last year. Craig Johnson of Customer Growth Partners notes strong demand for home goods and electronics with ongoing digital and in store shopping. Sales through Christmas Eve reached 598 billion with an expected 73 billion remaining, lifting shares of J C Penney Kohl s and Macy s.
MENTIONED IN THIS ARTICLE
Craig
Johnson
Bloomberg Radio
J.C. Penney
Kohl’s
Macy’s
Trade war surge boosts U S tariff lawsuits rising since 2001
A Washington Post review of Commerce data shows 23 new trade disputes since January 2017, the busiest year for tariff cases since 2001. Cases span 29 countries, implicating Korean washers, Spanish olives, Vietnamese tools, Argentine biodiesel, and Canadian jets as firms seek restraining trade actions.
MENTIONED IN THIS ARTICLE
U.S
Donald Trump
Washington Post
Commerce Department
United States
California
U S Firms Sue Over Foreign Competition Rise
U S firms press New tariffs in anti dumping cases with subsidies concerns. Commerce and the International Trade Commission decide actions. Ross seeks more government‑initiated cases to cut legal costs. First step came in a November tariff against Chinese sheet metal distributors.
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White House
America
Trump
Commerce
Wilbur Ross
U.S
United States
Commerce Department
International Trade Commission
Ross
China
Uber Nears Sale of Subprime Car Loan Unit Xchange
Uber reportedly will sell its subprime auto lending arm Xchange to Fair, a car lending startup, for an undisclosed sum. The move, seen as trimming losses and signaling tighter cost control under CEO Dara Khosrowshahi, aims to repair driver relations and push toward an eventual public listing.
MENTIONED IN THIS ARTICLE
Uber
Xchange
Fair
Wall Street Journal
Dara Khosrowshahi
Airlines tighten rules on smart bags with built in batteries
Major carriers including American and Delta will ban nonremovable lithium battery bags from checked luggage starting Jan 15. United Southwest Alaska and Hawaiian followed with similar limits citing fire risk in cargo holds. FAA limits spare batteries in cargo while airlines set rules for batteries inside devices. Bluesmart and Modobag respond with safety statements and plans to seek exemptions.
MENTIONED IN THIS ARTICLE
American
Delta
United
Southwest
Alaska
Hawaiian Airlines
Federal Aviation Administration
Bluesmart
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Customer Growth Partners
Jawaharlal Nehru Port
Navi Mumbai
India
U.S. Commerce Department
Dara Khosrowshahi Uber
Los Angeles Times
Tim Ryan
Modobag
The
Chicago Tribune
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