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Economy

“Jobless rate for Black Americans declines to 5.2% to end 2023 on a positive note”

“The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data released Friday by the Department of Labor. Black Americans, the group with the highest jobless percentage in the country, saw their unemployment… Continue Reading…

Economy

[Attack The Poor] “Black taxpayers more likely to face audits, IRS confirms

“The IRS on Monday said that Black taxpayers are significantly more likely to face an IRS audit, confirming recent findings. IRS Commissioner Daniel Werfel said the agency is weighing changes to address the disparity. A study released in January by economists at Stanford University,… Continue Reading…

Economy

“Shopper turnout hit record high over Black Friday weekend, retail trade group says”

“A record number of holiday shoppers – 196.7 million – flocked back to stores and hunted for deals from Thanksgiving Day to Cyber Monday, according to a survey by the National Retail Federation, which tracks the figure for in-person and… Continue Reading…

Economy

“Black Friday online sales top $9 billion in new record”

“Consumers spent a record $9.12 billion online shopping during Black Friday this year, according to Adobe, which tracks sales on retailers’ websites. Overall online sales for the day after Thanksgiving were up 2.3% year over year, and electronics were a… Continue Reading…

Precious Metals

“The Next Black Swan Event: Palantir Hedges with Gold Bars”

“EDITOR NOTE: Tech billionaire Peter Thiel’s Palantir Technologies Inc. just spent $50 million to stock up on gold bars in August to protect themselves against a “black swan event.” This is a severe, unpredictable economic event that has a massive… Continue Reading…

Economy

“Black Friday shoppers drop record-breaking $7.4B in online sales”

“On Black Friday, shoppers spent a record-breaking $7.4 billion, according to preliminary data published by Adobe Analytics, which measures transactions from 80 of the top 100 online retailers. It marks the second-largest online sales day ever, falling slightly short of last year’s Cyber… Continue Reading…

Banking, Economy

“… Black Friday or Cyber Monday [which] is the better day…”

“Cyber Monday traditionally comes three days after Black Friday and revolves around online deals. It’s even bigger than Black Friday — retail sales this year are expected to top $10 billion… In short, yes. “When comparing the two days last year,… Continue Reading…

Economy

“It’s Make-Or-Break Time For Retailers: Black Friday Update”

“Early November results bode well: Comparable-store retail sales gained 1.3% in the first two weeks of the month, according to Fiserv, a major U.S. processor of credit-card transactions. Cooler weather likely spurred apparel growth for warmer, seasonal clothing, particularly at… Continue Reading…