ibt-mailNov 29, 2024, 10:12 AM

Black Friday Deals Target Inflation-weary Consumers

Newsletter Nov 29, 2024 Quick Six Black Friday specials target inflation-weary US consumers The annual Black Friday shopping day has always been about finding the best deals, but this year retailers

Newsletter Nov 29, 2024

Quick Six

Black Friday specials target inflation-weary US consumers
The annual Black Friday shopping day has always been about finding the best deals, but this year retailers are preparing for a US consumer more zealously fixated than ever on getting value for their money. Inflation has stabilized after dramatic price spikes during the Covid pandemic years, but consumers are still feeling the pinch -- meaning bargain-hunting strategies such as grabbing early giveaways and waiting for last-minute steals are in vogue. Black Friday opens a long commerce-centered weekend that also includes "Small Business Saturday" and "Cyber Monday."
FIND OUT THE BEST BLACK FRIDAY BARGAINS AVAILABLE

Trump, Musk bring new approach to government efficiency
President-elect Donald Trump, by naming Elon Musk to head up a committee to slash government spending, has taken a surprise turn from his first term to a more austere outlook that is getting a warm welcome on Wall Street. Trump selected, Musk, the world's richest man to lead the Department on Government Efficiency, said the tightening of the belt would mean that there would be "temporary hardship" but that it would lead to long-term prosperity.
SEE WHAT ANALYSTS ARE SAYING ABOUT DOGE CUTS

Biden warns against Trump's call to hit neighbors with tariffs
President Joe Biden warned against damaging relations with Canada and Mexico, after Donald Trump threatened to slap tariffs on both neighbors when he takes office. Trump rattled markets when he said that one of his first presidential actions would be to impose 25% tariffs on Mexico and Canada -- which share a free trade pact with the US -- and add a 10% tariff on China.
WHY BIDEN SAYS TARGETING NEIGHBORS IS BAD FOR US

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Markets

DJIA	44,722.06	-0.31%
S&P 500	5,998.74	-0.38%
Nasdaq Composite	19,060.48	-0.60%
Japan: Nikkei 225	38,200.40	-0.39%
UK: FTSE 100	8,281.22	0.08%
Crude Oil Futures	69.13	0.60%
Gold Futures	2,688.20	0.88%
Yen	150.13	-0.94%
Euro	1.06	0.17%
* As of market close

9 in 10 'smart' devices face security threats

The makers of about nine out of 10 "smart" devices failed to disclose how long they would continue to update software on the products, potentially exposing the devices to security threats, the FTC said. Staffers at the federal agency reviewed product web pages for 184 connected "smart" products and discovered that 88.6% of the product web pages did not state how long the manufacturer will offer software updates. Such products - which track health and fitness, control lights and monitor homes and pets - depend on software or an accompanying app to connect to the internet to keep them functioning, the FTC said.

WHAT THE FTC IS WARNING COULD HAPPEN TO YOUR PHONE

Tech will lead to 3.5-day work week: Dimon

JPMorgan Chase CEO Jamie Dimon, dismissing doomsday naysayers about artificial intelligence in the workplace, predicted a new generation of employees working just 3.5 days a week because of technology. Dimon, who has touted AI's extraordinary ability to transform business and society, also said he sees people living to the age of 100, Fortune reported. The CEO, who informed the bank's employees in April that they should return to the office at least three days a week, said AI has the potential to enhance the often tenuous life-work balance.

DIMON'S PREDICTS AI WILL WORK FOR THE NEXT GENERATION

Why Christmas trees are going up in price

It doesn't matter if you've been naughty or nice—the cost of your Christmas tree will be a bit higher this year. The American Christmas Tree Association says the "rising costs of labor, fertilizer, and fuel, coupled with other inflation-related factors" could mean higher prices this season. Even worse, the price is going up whether you want a real tree or a fake one, according to the association, which also works with artificial tree makers. Artificial trees may be more expensive that last year "due to transportation disruptions," the association says.

HOW MUCH HAVE CHRISTMAS TREE PRICES RISEN THIS YEAR?

Extra point

What US city holds the title "The Christmas Tree Capital of the World"?

Wednesday's answer: The oldest person in recorded history is Jeanne Calment (1875–1997) of France, who lived to 122 years and 164 days.

In partnership with Exodus Movement, Inc.- US 1.

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