Retail

Online shopping was also down on both Saturday and Sunday. Consumers spent a total of  $4.5 billion on Nov. 27, down 4.3% year over year, while consumers spent $4.7 billion on Nov. 28, down 0.5% compared to 2020.

Shopping at brick-and-mortar retail stores on Black Friday this year plummeted 28.3% compared to pre-pandemic levels in 2019.

Atlanta Federal Reserve President Bostic weighs in on the fast-moving Omicron COVID variant and rates hikes in 2022.

Peloton has sued Lululemon after the athletic apparel maker threatened its own lawsuit over the exercise bike company’s new apparel line.

Climate activists blockaded Amazon warehouses in three European countries on Friday, part of a global effort to pressure the e-commerce giant on one of its busiest days of the year to improve working conditions and end business practices that hurt the environment.

Bargain hunters ventured out in chilly weather to buy Christmas gifts on Black Friday only to discover that many U.S. retailers offered smaller price markdowns this year amid tight supplies.

The mayors of Chicago and Washington, D.C., both promoted Black-owned businesses on Black Friday.

Burglars targeted four retail businesses -- including a North Face and a Footlocker -- on Chicago's upscale Northwest Side in the early morning hours of Black Friday, according to police and local reports.

U.S. stocks suffered from some of the biggest single-day declines of the year on Friday as a new, fast-spreading COVID-19 variant detected in South Africa triggered fresh fears that a resurgent coronavirus could scuttle the global economy's recovery from the pandemic.