Markets

More people use ‘buy now, pay later’ for holiday shopping, but experts say that’s a double-edged sword and Black Friday suffers the ill wind of high prices and economic worries

Hi, MarketWatchers. Don’t miss these top stories. Black Friday dilemma: More people use ‘buy now, pay later’ for holiday shopping, but experts say that’s a double-edged sword ‘Buy now, pay later’ offers a new spin on the concept of layaway, which has become increasingly popular among younger, cash-strapped consumers. Read More ‘Most economists are predicting …

More people use ‘buy now, pay later’ for holiday shopping, but experts say that’s a double-edged sword and Black Friday suffers the ill wind of high prices and economic worries Read More »

Dow rises more than 150 points as Wall Street looks to close out winning week

The Dow Jones Industrial Average rose Friday as Wall Street pushed for solid gains during the holiday-shortened trading week. The Dow Jones Industrial Average rose 181 points, or 0.53%. The S&P 500 gained 0.06% and the Nasdaq Composite slipped 0.40%, weighed down by shares of Activision Blizzard, which fell more than 4% on news that …

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Warren Buffett explains his $750 million charitable donation on Thanksgiving eve

Warren Buffett Gerard Miller | CNBC Warren Buffett donated more than $750 million in Berkshire Hathaway stock to four foundations associated with his family on Thanksgiving eve, and the legendary investor said the timing was no coincidence as this is his way of giving thanks to his children for their charitable work. “I’ve got a …

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Asia-Pacific stocks mostly lower, Tokyo inflation at highest in 40 years; US markets closed

Hong Kong movers: Casinos, technology stocks drop on rising China case numbers Hong Kong-listed stocks related to reopening and technology fell in Asia’s morning session following reports of a surge of Covid cases in China. Shares of casino operator MGM China fell more than 4%, Wynn Macau lose 2.5%, Sands China fell 3%, and SJM …

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Recession will be an inch deep but a mile wide, says UBS strategist

Global economic conditions will shift next year and that’s going to flip which markets and sectors underperform, according to the chief strategist of UBS Investment Bank. Bhanu Baweja told CNBC’s “Squawk Box Europe” on Wednesday that between one-third and half of the countries the bank covers globally are facing a recession. “It’s an inch deep …

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Fed officials see smaller rate hikes coming ‘soon’

Federal Reserve officials earlier this month agreed that smaller interest rate increases should happen as soon as they evaluate the impact policy is having on the economy, meeting minutes released Wednesday indicated. Reflecting statements that multiple officials have made over the past several weeks, the meeting summary pointed to small rate hikes coming. Markets widely …

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Citigroup, Manchester United, Nordstrom, Tesla and more

Check out the companies making headlines in midday trading Wednesday: Citigroup — The stock dropped 2.3% after Citigroup was told it must address weaknesses in its management of financial data by US banking regulators. Those regulatory groups said the issues could hinder its ability to produce correct reports during challenging times. related investing news Pro …

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