Business

US online Black Friday sales hit record $7.4 bn

Online sales on Black Friday in the United States hit a record $7.4 billion this year, with a jump in the number of transactions made from smartphones, according to data released Saturday by Adobe Analytics.

Business

From crypto to COVID: Why auction prices are rocketing

From Albert Einstein's notes to a record-breaking Frida Kahlo to a 6.6-million-euro triceratops—auction houses have lately seen a string of record-breaking items going under the hammer and through the roof.

Automotive

Volvo Cars announces IPO to raise nearly $2.9 billion

Swedish car brand Volvo announced plans Monday to go public and raise nearly $2.9 billion as it shifts to making electric vehicles, with Chinese owner Geely remaining its biggest shareholder.

Business

China's 'Singles Day' shopping bonanza loses its luster

China's annual "Singles Day" sales bonanza wraps up at midnight on Saturday, but consumers this year appear largely unswayed by its flashy deals and discounts as the world's second-largest economy slows.

Business

Amazon aims to hire 150,000 holiday season workers

Amazon announced plans Monday to recruit 150,000 seasonal workers for the end of year holidays, as the online retail giant aims to navigate global supply chain disruptions and a tight hiring market.

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