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Economics

A Best Buy in Vestal New York is ready for lines of shoppers on Black Friday, Nov. 27, 2015. But there were fewer shoppers than expected, and little need for the barricades.

Black Friday Hype Can’t Overcome Economy

Consumer spending is always driven by a certain amount of hype, but the barrage of Black Friday events, sales and deals belongs in its own alternate reality. Sales can only be as good as the underlying economy. On that fundamental, this year’s retail sales picture looks bleak. For at least the past six years, the actual economy has almost always turned out to be weaker than the markets, analysts or the Fed have believed.

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Turkey Could Lose Billions for Downing Russian Jet

Turkey could lose billions in all sectors of their economy after the government shot down a Russian jet on the Turkey-Syria border. Tourism might be the first to suffer, as the country hosts over 4 million Russian visitors a year.

Black Friday Walmart Protest AP

The Phony Black Friday Walmart Protests

Big Labor is set to have their annual Black Friday Walmart protests this week, but critics say that the protest is more about extorting big business than trying to raise the minimum wage for Walmart employees.