Just when you thought the politics talk was finally over, Jill Stein raised more than $6 million for a recount in Wisconsin, Pennsylvania and Michigan, and Donald Trump reignited unsubstantiated claims of widespread voter fraud. Luckily, business news is happening that pushes past the never-ending saga of Election 2016.
Retail dominated the conversation today. The holiday season is in full swing, and the Black Friday sales boom swung into a successful Cyber Monday, especially for companies like Amazon (AMZN) , Target (TST) and Walmart (WMT) . (For all things consumer, check out TheStreet's new vertical, TheSpend.)
Holiday shopping aside, AT&T (T) unveiled its new multichannel streaming service, DirectTV Now, on Monday. It will go head-to-head with products from Dish Network (DISH) , Sony (SNE) and Alphabet (GOOGL) . And, Samsung (SSNLF) looked ahead to later in the week, when it will provide investors with guidance on potential breakup plans. The South Korean conglomerate is under pressure from activist shareholder Elliot Associates.
In case you missed it, here are some of the more interesting stories out of TheStreet, The Deal and Real Money this post-Thanksgiving Monday.
Boeing Claims Victory in WTO Ruling Against Subsidies
The aerospace giant claims that the WTO rejected six of seven claims against it, giving it leverage in future state aid talks with archrival Airbus and the European Union. Full story
Did Sears Just Celebrate Its Final Black Friday?
If this was Sears' final Black Friday, it certainly didn't make it one to remember. Full story
Cuba Fund Surges 17% on Castro's Death
The closed-end fund "CUBA" holds shares poised to benefit from a normalization of relations with the United States and is one of the few plays on Havana's economy. Full story
Elliott Urges Cognizant Debt Hike for M&A and Share Buybacks
Activist Paul Singer urged Cognizant to take on more leverage to help fund research and acquisitions and to set up a $2.5 billion share buyback program. Full story
Retail Pressures May Spread to Wholesale, Real Estate in 2017
Experts say the events that pushed many retailers to file for Chapter 11 in 2016 will worsen in 2017 and could spread to wholesale and real estate. Full story
How the Internet Grinches Plan to Steal Cyber Monday
The big online shopping day is a natural one for cyber criminals to try to exploit. Full story
How Amazon Is Getting Big Businesses to Stop Worrying and Love the Cloud
Though competition is getting tougher, Amazon Web Services is doing what's needed to land major enterprise deals and deter customers from leaving for Microsoft or Google's clouds. Full story
Tweet of the Day:
Story of Cuban video-game creator Josuhe Pagliery trying to navigate a post-Fidel world: https://t.co/hDXYrYTsbF- Leon Lazaroff (@LeonLazaroff) November 28, 2016
Video of the Day: A Vote "Yes" on Italy's Upcoming Referendum Would be Bad for the Economy, Says Jim Cramer
Italian voters will soon decide on a referendum that would change the structure of power in the country. Full story
Chart of the Day: Battle of Bulls and Bears Lies Ahead for Thermo Fisher
Thermo Fisher Scientific has been "rolling over" since April, making a large potential top formation on the charts. Full story