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Flat Cyber Monday sales point to dull deals, shipping woes

Bloomberg Lackluster deals and scarce inventory kept Cyber Monday sales flat compared with a year ago, the latest indication that shoppers made purchases earlier in the season due to concerns about global shipping logjams. US shoppers spent $7.1 billion on Cyber Monday in New York, according to Adobe Inc. It’s too early to determine if Cyber Monday breaks last year’s ...

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Two with omicron variant transited Changi: Singapore

Bloomberg Singapore started contact tracing for airport staff who may have come into contact with two travelers infected with the omicron variant of Covid-19 who transited through Changi Airport on their way to Australia from South Africa, the health ministry said. Two individuals, described as being from southern Africa, flew from Johannesburg to Singapore on a Singapore Airlines flight, and ...

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Retail traders snapped up $2b of ETFs

Bloomberg Retail investors were quick to plow cash into the biggest US exchange-traded funds and industries like airlines and travel stocks when the market was hammered. The day-trading crowd snapped up roughly $2 billion in assets like the SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 as the buy-the-dip crowd stepped in where Wall Street didn’t, according ...

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