Business

Cold weather sets in; some shots at snow, but no certainties

Cold weather sets in; some shots at snow, but no certainties

The weekend will bring more chill, with highs in the 30s and lows in the teens and low 20s. Expect a breezy, sunny day with some occasional clouds. Get this... Temperatures as of the Noon hour were steady in the mid-20s, but with the wind it was feeling more like the teens and even single digits. Arctic high pressure builds in Wednesday , keeping skies sunny and temperatures frigid.


Here's another sign that shoppers spent big this holiday season

Here's another sign that shoppers spent big this holiday season

Sales, excluding automobiles, were up 4.9 percent between November 1 and Christmas Eve, the largest year-over-year increase since 2011, according to Mastercard SpendingPulse , which tracks online and in-store spending. Equity markets have hit all-time highs throughout the holiday season, and existing home sales in November hit a decade high even as home prices are gaining, he said.



Elon Musk vows to build Tesla pickup truck 'right after' Model Y

Tesla expects to begin production of a Model Y compact SUV in 2019, likely from a dedicated factory in China . "Am dying to build it". In a surprise announcement during the semi-truck launch, Musk also revealed a prototype of a new Roadster , which he said would be the fastest production vehicle in the world, going from zero to 60 miles per hour in less than two seconds and hitting a top speed of more than 250 miles per hour.


After Christmas, retailers hope new sales will entice shoppers to come back

After Christmas, retailers hope new sales will entice shoppers to come back

Some were returning unwanted gifts, or gifts that didn't quite work for the recipient. "I'm here for the deals", said Crisler. Gift-givers seemed to understand. That's about 11 percent of all holiday spending. According to an article on RetailDive.com, the after-Christmas sales are expected to be up by 3.6 percent over last year's sales, resulting in the strongest growth for the holiday season since 2010.


Libya opens oil ports after closure due to bad weather

Libya opens oil ports after closure due to bad weather

Last week, a Libyan oil source told Reuters production at the field was stabilizing around 300,000 barrels per day (bpd) and the NOC was trying to restore full capacity of 340,000 bpd. Prices have been supported in recent weeks by another pipeline outage that carries U.K. North Sea Forties crude to market. Global oil inventories have decreased to an acceptable level, he added.