USA OUTLOOK Weekly newsletter |
November 05 to 09
TE LLEVA A
SAN FRANCISCO, CALIFORNIA
November 05, 2018
Amazon drops free-shipping minimum Competition for online holiday shoppers is heating up, and Monday Amazon announced that it is offering free shipping with no minimum purchase for orders that will arrive in time for Christmas.
As previously reported by FOX Business, Amazon competitor Walmart announced Tuesday it will expand its free two-day shipping options in November. Millions of additional items on its website sold by third-party sellers will qualify for the free two-day shipping perk.
Target also announced it would offer, for the first time, two-day shipping, with no minimum purchase this holiday. The offer starts Nov. 1 and ends Dec. 22.
According to the National Retail Federation, holiday retail sales in November and December will increase between 4.3 and 4.8 percent over 2017 for a total of $717.45 billion to $720.89 billion. Over the past five years, the average annual increase was 3.9 percent
November 8, 2018 Reporters condemn White House decision to bar CNN's Acosta New York (CNN Business)Reporters from many news organizations have expressed support for CNN's Jim Acosta after the White House revoked his press pass. The "hard pass," which speeds up entry to the White House grounds, was suspended by the Trump administration on Wednesday night "until further notice." Why? Because of Acosta's combative exchange with President Donald Trump at his post-midterms press conference. It is unclear whether Acosta will be turned away again on Thursday. It also remains to be seen whether White House reporters will walk out, or show solidarity with Acosta and CNN in other ways. Acosta is CNN's chief White House correspondent. He was trying to reenter the White House grounds for a live shot on "Anderson Cooper 360" when he was stopped by Secret Service officers. Within minutes, White House press secretary Sarah Sanders had announced the suspension. "This is a test for all of us," Acosta told Cooper later. "I do think they are trying to shut us down, to some extent, inside the White House press corps." Acosta said he thought the suspension was also an attempt to "send a message to our colleagues." CNN and several major journalism advocacy groups denounced the White House's move. The Radio Television Digital News Association, which represents newsrooms across the country, called the revocation "unconscionable." Reporters and historians said it was hard to recall a similar episode. "White House staff don't pull passes over personal pique, only over threats to the president," professor Martha Joynt Kumar, director of the White House Transition Project, told CNN. No one is suggesting that Acosta threatened President Donald Trump. But right-wing websites and pro-Trump commentators alleged that Acosta mistreated a White House intern who tried to take a microphone away from him during the press conference. Trump's boosters used words like "pushed" and "slammed." They screamed "assault" and "abuse." Sanders cited this alleged "inappropriate behavior" to suspend Acosta's pass. But all of this is contradicted by the video, which shows Acosta holding onto the mic and saying "pardon me, ma'am," when the intern tries to take it away. "I was seated next to Acosta at today's press conference and did not witness him 'placing his hands' on the young intern, as the White House alleges," Reuters correspondent Jeff Mason wrote on Twitter. "He held on to the microphone as she reached for it." fter asking a follow up question, Acosta let go of the mic. CNN's critics defend Acosta, Even Chuck Ross of The Daily Caller, a website that harshly criticizes CNN, stood up for Acosta. "Plenty to criticize Acosta about," Ross wrote, "but he did not 'place his hands' on the intern. It's ridiculous for anyone to suggest he did."
Foto: The Star
Fuente: https://www.foxbusiness.com/retail/amazon-drops-free-shipping-minimum? intcmp=ob_article_footer_text&intcmp=obnetwork
Fuente: https://edition.cnn.com/2018/11/08/media/trump-acosta-press-pass-reaction/ index.html
TE LLEVA A
SAN FRANCISCO, CALIFORNIA
November 8, 2018
Used car payments hit record $400 per month as prices top $20,000 Americans are spending more than ever for used cars. The average price of a used vehicle hit an all-time high for the third quarter of 2018, according to car-buying advice site Edmunds. At $20,084, the average price was up 3.5 percent from the same period a year earlier and up nearly 19 percent from five years earlier. And rising interest rates are driving costs even higher. Foto: USA Today
November 8, 2018 Fed stands pat on rates, signals December hike amid upbeat economic outlook WASHINGTON – With the economy sailing along, another interest rate hike is almost certainly in the cards next month. The Federal Reserve held its key short-term rate steady Thursday but maintained its upbeat view of the economy, setting the stage for a fourth rate increase in 2018 at its Dec. 18-19 meeting. As expected, the Fed’s policymaking committee kept the benchmark rate at a range of 2 percent to 2¼ percent. But futures markets say there’s a 75 percent chance the central bank will bump it up again next month, according to CME Group, nudging up borrowing costs for consumers and businesses. Fed officials expect "further gradual" rate increases and have forecast three more hikes next year. In a statement after a two-day meeting, the Fed described both economic and job growth as “strong.” The economy has turned in its best six-month stretch since 2014 while unemployment is at a near 50-year low. Although economists say President Donald Trump’s escalating trade war with China helped dampen business capital spending gains in the third quarter, the Fed didn’t explicitly mention the conflict. Its statement, however, did note that business investment “has moderated from its rapid pace earlier in the year.” Trump slapped a 10 percent tariff on $200 billion in Chinese imports in late September while China struck back by imposing duties on $60 billion in U.S. goods. The measures are increasing costs and narrowing profit margins for some U.S. companies while hammering exports for others. Fed Chairman Jerome Powell has said the standoff sparked growing concerns among businesses around the country but hasn’t yet crimped the economy’s overall performance. The Fed statement also steered clear of any mention of financial market worries. The stock market plunged after peaking in early October, though stocks pared their losses this week. Also, the dollar has strengthened this year, making U.S. exports more expensive overseas.
The average American used-car buyer is now paying a record high of $400 per month — with loans averaging 66.9 months, according to Edmunds. That's the longest ever. "We’re still seeing prices ratchet up," said Ivan Drury, Edmunds’ senior manager of industry analysis. "It’s definitely changing the landscape of the used-vehicle market." A shift in preferences toward larger vehicles — namely, SUVs and pickups — is one reason why average prices are moving higher. Passenger cars, which are falling out of favor, are typically sold for lower prices. Monthly payments on a used Ford F-150 pickup average $492, while monthly payments on a used Toyota Corolla sedan average $295. But cheap used vehicles are getting harder to find, as well. Five years ago, about 1 in 4 used vehicles were sold for less than $10,000. Now, it's about 1 in 6, according to Edmunds. If you're looking for a deal, chances are you'll have to buy a passenger car, such as a compact sedan. "If you really do want to save yourself some money, that is definitely some advice I would give," Drury said. Despite the increased costs of used vehicles, new vehicles are still much more expensive. Americans paid an average of $37,007 for a new vehicle in October, according to Cox Automotive. Drury said used cars remain the best bet for savers. "If you're like most people and you’re just going from home to work to do basic things, you don’t need the latest and greatest," he said
Trump has taken the highly unusual step of criticizing Powell and the Fed, an independent agency, for lifting rates and impeding the faster economic growth he has promised. He told the Wall Street Journal he “maybe” regrets appointing Powell. The Fed chairman said in September that Fed officials “don’t consider political factors or things like that.” The economy The Fed said “economic activity has been rising at a strong rate.” It added that “household spending has continued to grow strongly.”The economy grew at a 3.5 percent annual rate in the third quarter, the Commerce Department said last month. That followed a 4.2 percent gain the prior quarter and capped the best six-month stretch since mid-2014. Many economists expect growth to slow next year as the effects of the Republican tax cuts and spending increases fade and the trade war potentially takes a bigger toll. While 3 percent growth is widely predicted for this year, the fastest clip since 2015, many economists predict a recession in 2020. Foto: USA Today
Fuente: https://www.usatoday.com/story/money/cars/2018/11/08/used-car-prices/ 1928840002/
TE LLEVA A
Foto: Proactive Investors
November 8, 2018 Google to expand New York City presence: What we know Two of the tech world’s biggest names, Google and Amazon, may be looking to expand their New York City footprints. Google is set to acquire or expand real estate holdings in New York City, adding enough space for roughly 12,000 new employees, The Wall Street Journal reported late Thursday, citing multiple sources familiar with the matter. Combined with the company’s existing leases, Google could have as many as 20,000 employees in the area in the coming years. Google could not immediately be reached for comment on the report. News of the Alphabet-owned company’s planned expansion comes just days after Amazon reportedly tabbed Crystal City in Northern Virginia and New York’s Long Island City as potential sites of its second headquarters. If confirmed, the cities would give Amazon an East Coast presence to match its original headquarters in Seattle, Washington. Amazon has yet to publicly say where HQ2 will be located or if it will be split between multiple cities. St John’s Terminal: The Journal reported that Google is close to buying or leasing an office building at St. John’s Terminal in New York City’s West Village. The building is said to have enough space for roughly 8,500 new employees and is currently under construction, but should be ready by 2022. Chelsea Market: Google acquired Chelsea Market, an office complex, food hall and tourist attraction, for $2.4 billion last February, the New York Times reported. Under the deal’s terms, Google has the right to expand the structure by adding roughly eight stories to the existing building, or 300,000 square feet. Pier 57: Google signed a 15-year lease to occupy 250,000 square feet in the waterfront structure on Manhattan’s west side. A company representative told the Wall Street Journal that Google plans to revamp the space, adding water taxi access and a winter garden, among other features. Google vs. Amazon: Amazon has vowed that “HQ2” will house up to 50,000 employees and bring $5 billion in investments into the surrounding communities. If rumored plans hold, roughly 25,000 Amazon employees could eventually be located in the New York City area – slightly more than Google’s expected capacity. Fuente: https://www.foxbusiness.com/features/dairy-farmers-ask-for-more-aid-astariffs-wipe-away-1b-in-profits
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