STX

Black Friday muted for US retail stocks as holiday shopping begins

Black Friday muted for US retail stocks as holiday shopping begins

NEW YORK, Nov 25 (Reuters) – U.S. retail stocks held steady on Friday as investors watched holiday spending to gauge consumer confidence at a time of rising inflation and interest rates weigh heavily on Main Street. Consumer discretionary stocks, as measured by the S&P 500 consumer discretionary sector, which benefits from retail, restaurant and vacation …

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Foxconn unrest threatens iPhone shipments and weighs on Apple shares

Foxconn unrest threatens iPhone shipments and weighs on Apple shares

November shipments from Foxconn’s Zhengzhou plant to drop further – source Workers’ discontent at the factory turned into protests this week More than 20,000 workers, mostly new recruits, left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone factory in China is expected to see a further reduction in November shipments after the …

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