Black Thursday? Thanksgiving sales numbers growing

NEW YORK (CNNMoney) According to early estimates on Black Friday from Shoppertrak, sales at brick-and-mortar stores were down slightly to $12.29 billion in 2014 vs. $12.35 billion a year earlier. But spending was up nearly 24% on Thanksgiving, and...

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Soaring ratings for the Macy's Thanksgiving Day Parade

This year's Macy's Thanksgiving Day Parade brought in over 22 million viewers for NBC. NEW YORK (CNNMoney) NBC's telecast of the annual New York City parade averaged 22.6 million viewers between 9 a.m. and noon Eastern -- the second-largest audience...

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Should you sell stocks? Check junk bonds first

Junk bonds provide an early warning sign for Wall Street. NEW YORK (CNNMoney) Dramatic swings in the junk bond market often provide a valuable warning to investors. During times of turmoil, investors pile into ultra-safe U.S. government debt...

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Soaring ratings for the Macy's Thanksgiving Day Parade

This year's Macy's Thanksgiving Day Parade brought in over 22 million viewers for NBC. NEW YORK (CNNMoney) NBC's telecast of the annual New York City parade averaged 22.6 million viewers between 9 a.m. and noon Eastern -- the second-largest audience...

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Black Thursday? Thanksgiving sales numbers growing

NEW YORK (CNNMoney) According to early estimates on Black Friday from Shoppertrak, sales at brick-and-mortar stores were down slightly to $12.29 billion in 2014 vs. $12.35 billion a year earlier. But spending was up nearly 24% on Thanksgiving, and...

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Walmart hit with protests on Black Friday

NEW YORK (CNNMoney) This year, some of the biggest demonstrations took place outside Walmarts in Chicago and Washington D.C., as well in cities in California, Washington, Texas and New Jersey. At a store in North Bergen, N.J., about 75 protesters...

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Madonna's 'Material Girl' look hits the auction block

NEW YORK (CNNMoney) Several iconic pieces from Madonna's career and personal life are on the auction block, including the Marilyn Monroe-inspired dress, stole and jewelry featured in the 1984 "Material Girl" music video. The dress is expected...

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America's dual economy

NEW YORK (CNNMoney) If you're a glass half-full type, it's easy to point to the fact that the economy is expanding again and unemployment is at a six year low. Gas is back under $3 a gallon, the stock market is at an all-time high and this year's...

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Berkshire earnings take a hit on Tesco losses

NEW YORK (CNNMoney) That's because the investment company took a massive $678 million charge for its investment in Tesco (TESO), a British grocery chain that has seen its shares plunge this year. The grocer has been struggling amid increased competition...

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America's dual economy

NEW YORK (CNNMoney) If you're a glass half-full type, it's easy to point to the fact that the economy is expanding again and unemployment is at a six year low. Gas is back under $3 a gallon, the stock market is at an all-time high and this year's...

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Madonna's 'Material Girl' look hits the auction block

NEW YORK (CNNMoney) Several iconic pieces from Madonna's career and personal life are on the auction block, including the Marilyn Monroe-inspired dress, stole and jewelry featured in the 1984 "Material Girl" music video. The dress is expected...

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Berkshire earnings take a hit on Tesco losses

NEW YORK (CNNMoney) That's because the investment company took a massive $678 million charge for its investment in Tesco (TESO), a British grocery chain that has seen its shares plunge this year. The grocer has been struggling amid increased competition...

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Russia's currency won't stop falling

LONDON (CNNMoney) The ruble is hitting record lows against the dollar after falling by about 30% since the start of the year. It plunged by about 10% this week alone, after the Russian central bank said it would reduce its support for the currency,...

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Detroit close to bankruptcy exit

NEW YORK (CNNMoney) Federal Bankruptcy Judge Steven Rhodes will rule Friday on the city's plan to emerge from bankruptcy. But after a contentious case that sparked regular protests in the streets and more than 8,100 court filings, the final outcome...

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U.S. has added 2.3 million jobs this year

NEW YORK (CNNMoney) The unemployment rate fell to 5.8%, according the federal jobs report released Friday. The rate fell below 6% in September for the first time in six years. Economists are growing more optimistic about hiring. The consensus...

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Takata hid results of secret airbag tests - report

HONG KONG (CNNMoney) The report, published by the New York Times, alleges that Takata engineers carried out secret tests on discarded airbags in 2004, after becoming concerned over an incident in Alabama in which one of the company's airbags ruptured....

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Stocks: 5 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) For starters, it's Friday. And the U.S. government is releasing its monthly jobs report, which just might send stocks to new record highs. Here are five things you need to know before...

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The 'temporary' recession tax you're still paying

NEW YORK (CNNMoney) The downturn, of course, hammered state budgets. In response, 14 states and the District of Columbia tried to plug their revenue shortfalls in part by imposing temporary taxes, a new report from the Tax Policy Center found. ...

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Facebook launches Ebola fundraising campaign

Facebook is launching a fundraising campaign to help groups fighting Ebola. NEW YORK (CNNMoney) The social network, whose founder Mark Zuckerberg announced a personal $25 million donation to help battle the deadly disease, will make is easier...

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Luxembourg: The tax haven at the heart of Europe

A report on Luxembourg's role as a tax haven will make uncomfortable reading for the country's former prime minister, Jean-Claude Juncker -- now the EU's top official. LONDON (CNNMoney) A report by the International Consortium of Investigative...

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Housing for retirees: Unaffordable

NEW YORK (CNNMoney) Sadly, though, my dad's plan may be harder for many other seniors to pull off. A study from the Joint Center for Housing Studies at Harvard University found that affordable housing remains a huge challenge for seniors — and it's...

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The latest trend in housing? Roommates

NEW YORK (CNNMoney) The percentage of adults living with someone other than a spouse or partner hit 32% nationwide in 2012, up from 26% in 2000, according to Zillow's analysis of the latest Census Bureau data. And, judging by the ongoing decline...

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This suit will give you superhuman strength

NEW YORK (CNNMoney) Lockheed Martin (LMT) has developed Fortis, an exoskeleton that can shoulder the first 36 pounds of whatever its user is holding. The company is beginning to test the technology in factories around the country, starting with the...

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Stocks: 5 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) U.S. stock futures are dipping lower after both the Dow Jones Industrial Average and the S&P 500 surged to new all-time highs Wednesday. Here are five things you need to know before...

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CEOs put on their best smiley face

CEOs think that it's all good even though there are many concerns about the global economy. NEW YORK (CNNMoney) There's a lot to be nervous about. But Big Business is taking it all in stride. The theme song of corporate leaders might as well...

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New Berkeley soda tax costs 68 cents per two liter bottle

Voters in Berkeley, California passed a tax on sugary soda while a similar measure failed to pass in San Francisco. NEW YORK (CNNMoney) Voters in the city approved a 1-cent-an-ounce tax on sugary sodas and energy drinks, according to unofficial...

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India's economy will get its "big bang"

NEW DELHI (CNNMoney) That's the message from the country's new finance minister, Arun Jaitley, in an interview with CNN at the World Economic Forum in New Delhi. Jaitley said the changes he's planning to revive growth in Asia's third biggest economy...

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Red-leaning states say yes to a higher minimum wage

NEW YORK (CNNMoney) Based on the results tallied by 2:45 a.m. EST, voters in Alaska, Arkansas, Nebraska and South Dakota -- all red-leaning states -- had approved proposals to raise their state-level minimum wages over the next few years. Alaska:...

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Stocks: 5 things to know before the open

Click chart for in-depth premarket data. LONDON (CNNMoney) Here are the five things you need to know before the opening bell rings in New York: 1. Midterm election results: CNN projections show Republicans won the balance of power in both...

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Jetpacks are real. And they're awesome

NEW YORK (CNNMoney) Jetpacking may sound like something out of a science fiction film, but I experienced firsthand why it's an activity that's quickly gaining popularity among thrill seekers worldwide. Don't feel bad if you've never heard of jetpack...

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Alibaba's growth can't be stopped

NEW YORK (CNNMoney) The Chinese Internet conglomerate had 307 million annual active buyers on its retail marketplaces at the end of September, a jump of 52% from the same period last year. That's a gain of 105 million users, which is equal to roughly...

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Starwood hotels let you unlock your hotel room with your phone

NEW YORK (CNNMoney) Starting Wednesday, guests will be able to use their smartphones as room keys at ten Starwood hotels (HOT) around the world. The technology will be available in all 150 Aloft, Element, and W Hotels by early next year. "My mobile...

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Income inequality is stealth issue in midterm elections

NEW YORK (CNNMoney) But income inequality is at the forefront of many Congressional and governors' races. Debates and ads are focusing on issues like the minimum wage, taxes and Obamacare, says Richard Reeves, economic studies fellow at the Brookings...

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JPMorgan facing criminal probe over currency trades

HONG KONG (CNNMoney) The largest U.S. bank by assets made the disclosure Monday in a regulatory filing. JPMorgan (JPM) said that other regulators, including the Commodity Futures Trading Commission and the U.K. Financial Conduct Authority, are pursuing...

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Stocks: 5 things to know before the open

LONDON (CNNMoney) Here are the five things you need to know before the opening bell rings in New York: 1. It's all about Alibaba: Alibaba (BABA, Tech30) is set to release its first earnings report since its mega IPO. Investors are eagerly anticipating...

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Starwood hotels let you unlock your hotel room with your phone

NEW YORK (CNNMoney) Starting Wednesday, guests will be able to use their smartphones as room keys at ten Starwood hotels (HOT) around the world. The technology will be available in all 150 Aloft, Element, and W Hotels by early next year. "My mobile...

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Wall Street donors dump Democrats

Wall Street isn't digging the Democratic party right now. NEW YORK (CNNMoney) A record 63% of the political contributions from employees and corporations in the banking and investment sectors went to Republicans this election cycle, according...

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