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« Startup Capital: What You Should Know About Government Business Grants | Main | 5 Strategies for Building a Strong Personal Brand Online »
Thursday
Dec052013

In the News: Top Stories in Business and Finance - November 2013

Factor King offers this quick monthly rollup of important stories related to business and finance. We also track leading economic indicators each month giving you a quick snapshot of the status of the economy.

 

Top Business & Finance Stories for November 2013

  • Black Friday Disappoints Storefront Retailers: Black Friday weekend spending slipped this year for the first time since 2009, according to early estimates from the National Retail Federation. Cyber Monday, however, saved the day with record sales as more and more consumers are doing their shopping on tablets and smartphones. USA Today offers a full report in the article, “Cyber Monday Clicks in With Record Sales”.
  • Big News from Amazon, A Reality or PR Stunt?: Amazon CEO Jeff Bezos unveiled a new plan by Amazon to deliver packages to customer’s homes within 30 minutes using drones. Read more about this high tech concept and watch the drone in action in the Forbes article, “Amazon Testing Drones For 30 Minute Delivery Using Service Called Amazon Prime Air

Leading Economic Indicators for November 2013

  • Real Estate: Housing continues an uptick as building permits reach a 5-year high and the national home price level has risen to surpass pre-crash levels [Source Bloomberg and US News]
  • Employment: The November 2013 jobs report doesn’t come out until Friday morning, but analysts expect 180,000 new jobs in November and the unemployment rate to drop back to 7.2%. This month’s jobs report will be an important data point in determining the Federal Reserve’s next move.  [Source Business Insider]
  • Interest Rates: Mortgage rates inched up this week after the Federal Reserve hinted it could slow the pace of its bond-buying stimulus program in the next few months. [Source Bankrate.com]

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