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U.S. holiday returns surge with booming e-commerce

December 31, 2019 admin Comments Off on U.S. holiday returns surge with booming e-commerce

Jan. 2 is the busiest day for holiday returns in the United States. U.S. shoppers return more packages than their peers around the globe, spurred by free shipping on orders and returns – costly perks that squeeze retailer profits. About 10% of goods sold in the United States go back to retailers every year, resulting in roughly $369 billion in lost sales, according to a 2018 report from Appriss Retail and National Retail Federation. …read more […]

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Nasdaq Caps a $7 Trillion Decade With Its Best Rally In 10 Years

December 31, 2019 admin Comments Off on Nasdaq Caps a $7 Trillion Decade With Its Best Rally In 10 Years

(Bloomberg) — In a decade of extreme wealth creation in markets, few assets did more to enrich investors than stocks in the Nasdaq 100 Index. Their combined value jumped by more than $7 trillion, ending with the best year since the bull run began.Powered by a near-doubling in Apple Inc. and gains exceeding 50% in Microsoft Corp. and Facebook Inc., the tech-heavy gauge surged 38% over the past 12 months, the biggest increase since 2009.Technology companies needed 15 years to recover from the dot-com crash, coming full circle in 2015. Since then, they’ve doubled again. But for all the rampant …read more […]

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Exclusive: Drugmakers from Pfizer to GSK to hike U.S. prices on over 200 drugs

December 31, 2019 admin Comments Off on Exclusive: Drugmakers from Pfizer to GSK to hike U.S. prices on over 200 drugs

Drugmakers including Pfizer Inc , GlaxoSmithKline PLC and Sanofi SA are planning to hike prices on more than 200 drugs in the United States on Wednesday, according to drugmakers and data analyzed by healthcare research firm 3 Axis Advisors. Nearly all of the price increases will be below 10%, and around half of them are in the range of 4 to 6%, 3 Axis co-founder Eric Pachman said. More price increases are expected to be announced later this week, which could affect the median and range. …read more […]