Holiday retail sales are up nearly 4.9% this season. "Giftology" author John Ruhlin shares his picks for the top trends in gifts for the 2017 holiday season. The top trends this year include personalization, being locally made, artificial intelligence enabled selection, conscious capitalism, and practicality over novelty. Ruhlin says Amazon's launch of Marketplace is a great example of how the e-commerce giant is capitalizing on the growing popularity of personalization. Shoppers spent more than $800 billion during this holiday season according to Reuters. Ruhlin says ultimately its the story that sells to consumers.

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Musk loses crown as world’s richest to software giant Larry Ellison
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
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