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Purchasing power

BFREACT

Homa Bash/MEDILL

State Street was teeming with holiday shoppers even on Tuesday, but the records were being set by the people doing their ordering online in a record-settingly robust Cyber Monday.


Cyber Monday sales break online shopping record with help from growing mobile trend

by Brian Ayala

Online sales surged 21 percent to a record on Cyber Monday as shoppers favored the convenience of online promotions over brick-and-mortar door-busters. Mobile online shopping was a huge driver of the trend, with sales rising 55 percent from a year ago.

Stocks decline for third straight session on Fed jitters, holiday sales disappointment

by Claire Norman

Stocks dipped for a third straight session as nervous investors worried about the future of Federal Reserve policy ahead of several key economic reports later this week, and following the weakest Black Friday sales in four years