Cheddar's Hena Doba and Brad Smith get into the latest.
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The Week's Top Stories: COVID Variant, Stay-at-Home Stocks & Retail Rut
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Black Friday Is Back but It's Not What It Used to Be
On this year’s Black Friday, things almost seem normal. Malls and stores report decent-sized crowds, if not the floods of people that used to fight over the latest toys and electronics.
Stocks Sink on New COVID Variant; Dow Jones Loses 905 Points
Stocks sank Friday, with the Dow Jones Industrial Average briefly falling more than 1,000 points, as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe.
Lawmakers Want to Clarify Who Will Need to Report Crypto Gains to the IRS
The Treasury Department pushed for the requirement to help close the tax gap in the crypto industry by forcing better IRS reporting, but legislators on both sides of the aisle argue that the language is too broad and could curb innovation in the space.
U.S. Jobless Claims Hit 52-Year Low After Seasonal Adjustments
The number of Americans applying for unemployment benefits plummeted last week to the lowest level in more than half a century, another sign that the U.S. job market is rebounding rapidly from last year’s coronavirus recession.
Samsung Says It Will Build $17B Chip Factory in Texas
Samsung said it plans to build a $17 billion semiconductor factory in Texas amid a global shortage of chips used in phones, laptops, cars and other electronic devices.
Stocks Edge Higher After Another Choppy Day on Wall Street
Stocks ended with scant gains after another wobbly day of trading on Wall Street Wednesday as the market remained unsettled ahead of the Thanksgiving holiday.
Maine's Lobster Boom Could Go Bust Amid Climate Change Pressures
Climate change that may have contributed to a lobster boom in Maine could soon lead to a bust. Chloe Aiello reports.
Holiday Shopping Online Gets New Meaning With Influx of Virtual Gifts
Businesses are turning increasingly to virtual items as gift options this holiday season, especially as shipping delays and shortages make some physical items less available.
