The latest online luxury retailer, Belle & Clive is being launched Tuesday by retail veteran Bluefly, who is claiming that its long-established relationships with "the most coveted designer brands" will give competitors like Gilt Groupe a run for its money.
Stocks ended 2 percent higher for the first trading day of the month, wiping out November's losses, after several economic reports gave investors confidence the U.S. economy is improving. Home Depot and Microsoft rose.
Stocks continued to soar more than 2 percent on the first day of December after news the Federal Reserve's regional survey showed growth is rising throughout most of the U.S. The market was strong from the start after an upbeat report on private sector jobs and news that manufacturing activity in China reached a seven-month high. Home Depot and Microsoft rose.
Stocks climbed at the open after good news on private sector jobs added to better-than-expected manufacturing data from China, and a calmer tone in Europe, to lift investor sentiment. Home Depot and United Technologies rose.
Yesterday's close marked one-week since AIG's 1:20 reverse stock split. With a one-week decline of over 40% versus an S&P decline of only 4.2% over the one-week period, will AIG's stock price rebound from this sharp decline, or will its shares continue to plummet?
This past weekend, I attended the annual SuperSaturday event in Water Mill, New York. Well-known in the fashion world and to vacationers in the Hamptons, this is essentially a high-end tag sale/sample sale of designer goods to raise money for the Ovarian Cancer Research Fund.