Bloomberg Wayfair Inc.’s strong Cyber Five year-over-year sales gain suggests “considerable upside potential for this quarter,” according to Baird Equity Research, who cites comparable period results over the past two years. The Boston-based online home-goods retailer reported a 58 percent increase in direct retail sales for the shopping period of Thanksgiving Day through Cyber Monday. This compares to 2017 and …

Emirates Business The economic outlook for UAE is set to accelerate to 2 percent this year, up from the eight-year low of 0.8 percent in 2017, supported by rising oil prices, regional economic recovery, higher public spending and investment and a build-up in business momentum, according to ICAEW’s latest Economic Insight report. The accountancy and finance body says the non-oil …

Bloomberg US stocks rallied, Treasuries turned higher and the dollar fell after a dovish tone from the Federal Reserve chairman fueled speculation the central bank is closer than thought to pausing on rate hikes. The S&P 500 surged to a session high and the Dow Jones Industrial Average jumped more than 400 points after Jerome Powell said rates are “just …