5 things to know before the Stock Exchange opens on Monday 21 November

Traditional turkeys make a quick bubbling sound at Elmwood Stock Farm ahead of the Thanksgiving holiday in Georgetown, Kentucky November 16, 2021. Amira Karaoud | Reuters Here are the most important pieces of news investors need to start their trading day: 1. It’s time to talk about turkey Happy Thanksgiving week. We may have a … Read more

Netflix nights still come wrapped in red and white envelopes

SANTA CRUZ, Calif. (AP) — Netflix’s pioneering mail-order DVD rental service has been relegated as a relic in the age of video streaming, but there’s still a steady if dwindling audience of diehards like Amanda Konkle who are happily paying to receive those records in the iconic red and white envelopes. “When you open your … Read more

Sober or brilliant? Europe faces holidays during the energy crisis

VERONA, Italy (AP) — Early-season revelers sipping mulled wine and shopping for Christmas decorations filled the Verona Christmas market for its inaugural weekend. But beyond the wooden market stalls, the Italian city has yet to deck its granite-clad pedestrian streets with twinkling Christmas lights as officials debate how to brighten the season during an energy … Read more

The fire plan would cut 2.4 million trees in the New Jersey Pinelands

BASS RIVER TOWNSHIP, NJ — Up to 2.4 million trees would be cut down as part of a project to prevent major fires in a federally protected New Jersey forest billed as a unique environmental treasure. New Jersey environmental officials say the plan to cut down trees in a section of the Bass River State … Read more

Inflation hangs over bargain-hunting shoppers on Black Friday

NEW YORK (AP) – Shoppers have been looking for the best deals in stores and online as retailers have offered new Black Friday discounts to entice consumers eager to start shopping for holiday gifts but weighed down by inflation. Due to high prices for food, rent, gasoline, and other essentials, many people were reluctant to … Read more

EXPLAINER: What is the effect of the Russian oil price cap, the ban?

FRANKFURT, Germany (AP) – Western governments aim to cap the price of Russia’s oil exports in a bid to cap fossil fuel gains who support Moscow’s budget, its military and the invasion of Ukraine. The limit will take effect on December 5, the same day the European Union imposes a boycott on most Russian oil … Read more

Big discounts equal high pressure for retailers

Shoppers walk past a for sale sign as Black Friday sales begin at the Shoppes of the Bluegrass Outlet in Simpsonville, Kentucky November 26, 2021. Jon Cherry | Reuters Major retailers are under heavy pressure to deliver on Black Friday after many of them signaled slower sales ahead of the do-or-die holiday shopping season. Macy’s, … Read more

Economies explode with Russian wealth, migration

Russians cross the Russia-Georgia border just days after President Vladimir Putin announced a mobilization campaign on Sept. 21. Daro Sulakauri | Getty Images News | Getty Images As many economies reel from the impact of Russia’s invasion of Ukraine, a select few countries are benefiting from an influx of Russian migrants and related wealth. Georgia, … Read more

The Thanksgiving travel rush is back with some new habits

The rush of Thanksgiving travel is back this year, as people have taken planes in numbers not seen in years, putting inflation woes aside to reunite with loved ones and enjoy some normality after two holidays Christmas marked by COVID-19 restrictions. Changing work and leisure habits, however, could broaden the crowds and reduce the usual … Read more

What were Elon Musk’s lenders thinking?

When Elon Musk sought funding for his bid to take over Twitter earlier this year, he had little trouble finding institutions willing to give him the money he needed. Morgan Stanley took the lead and organized a syndicate of banks, including Bank of America and Barclays, which pledged to lend Musk $13 billion. The whole … Read more