U.S. online purchases over the 2020 holidays grew 32.2% from 2019, totaling a record $188.2 billion as shoppers stayed home and shopped on the web during the pandemic, according to Adobe Analytics. E-commerce sales during November, which included Black Friday and Cyber Monday, reached $100 billion for the first time, said Adobe, which tracks the web […]

(A full version of this story is available for CNBC Pro subscribers only) Fundstrat Global Advisors co-founder Tom Lee is pushing back against claims that the stock market is in a dangerous bubble, telling clients that equities are likely set for another strong decade. In reiterating his bullish outlook on Monday, Lee noted that bonds and gold […]

U.S. construction spending rose to a record high in November, boosted by a robust housing market amid historically low mortgage rates, which could help blunt some of the hit on the economy from raging COVID-19 infections.

The number of shipments coming through the nation’s busiest container port complex in Los Angeles is up substantially from the first half of the year, reflecting a rebound in business and shift in consumer habits.

New orders for key U.S.-made capital goods increased for a seventh straight month in November, suggesting business investment could offset slowing consumer spending and keep the economy on a moderate growth path in the fourth quarter.

With just a few days before Christmas, shoppers are running out of options to receive their holiday gifts in time to place them under the tree.

(Reuters) – Apple Inc is moving forward with self-driving car technology and is targeting 2024 to produce a passenger vehicle that could include its own breakthrough battery technology, people familiar with the matter told Reuters. The iPhone maker’s automotive efforts, known as Project Titan, have proceeded unevenly since 2014 when it first started to design […]

By Kevin Shalvey December 19, 2020 Five COVID-19 vaccines made in China have entered the final sprint for state approval, said officials in a press conference on Saturday, according to Xinhua News Agency. More than a million Chinese citizens have already been inoculated by vaccines approved for emergency use. “This will gradually forge a barrier of […]

Friday, December 18, 2020 12:26 PM By Ian King and Dina Bass Move is potential threat to Intel’s data center chip business Software giant is using Arm designs for in-house processors (Bloomberg) — Microsoft Corp. is working on in-house processor designs for use in server computers that run the company’s cloud services, adding to an industrywide effort to reduce […]

Everyone has an opinion on the return — or looming extinction — of business travel. Do the predictions match the view from the the top executives across corporate functions, and across all sectors of the global markets, who have actually done much of the corporate jet-setting themselves in recent years? Bill Gates says 50% of business […]