A clearer picture will emerge as numbers come out from the full Thanksgiving week and Cyber Monday period, but analysts say the famous one-day shopping event is forever changed. Long gone are the Black Friday’s with doorbuster deals and prolific long lines. https://buff.ly/MK4A0Kq
An investor called $140,000 the new poverty line. Experts disagreed but said he had a point. Michael Green’s tally of the costs of raising a family in the United States today is going viral, even if some economists scoff at his math. https://buff.ly/4IT8rjp
Oil headed for the longest run of monthly losses in more than two years, as traders looked ahead to an OPEC+ meeting this weekend and gauged US-led efforts to end the conflict in Ukraine. Brent steadied above $63 a barrel on Friday. https://buff.ly/878i6MW
New evidence suggests that the unattainability of home ownership among Gen Z is prompting young people to resort to financial nihilism, writes the Financial Times' John Burn-Murdoch. https://buff.ly/TL3fgQG
Central and Eastern European countries have been “particularly vulnerable” to the economic fallout of Russia’s invasion of Ukraine, according to European Central Bank research based on a new indicator mapping geopolitical risks. https://buff.ly/z2AkxYm
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Thoughts on the Latest Economic News