Crypto News 

Coinbase is rolling out Coinbase Convert, which enables crypto-to-crypto trading for its retail customers via its website and mobile apps, in the coming days

“Initially, Coinbase Convert will support bitcoin trading pairs, with customers able to convert to bitcoin cash, ethereum, ethereum classic, litecoin and 0x” reports coindesk.com. The company is adding support for crypto-to-crypto trading for its retail customers, adding a feature that has long been available to professional cryptocurrency trading services, said product manager Anna Marie Clifton.Users on Coinbase.com, as well as the Android and iOS apps, will be able to begin trading bitcoin pairs in the coming days through the new feature, called Coinbase Convert.The trading pairs were developed based on…

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Markets News Stocks 

Charts point to big leg lower for Dow stock Nike going into earnings: Technical analyst

“Retailers have crashed into bear market territory this holiday season, and one top technical analyst says Nike could be the next shoe to drop” writes unknown author for cnbc.com. “Costco and Nike have been the darlings — they’re both trading at near-record valuations as most other retailers, including even Amazon, have come under pressure,” Worth said. The stock was trading lower on Monday afternoon around $71.72.Worth’s charting reveals a number of bearish technical indicators that have developed in Nike’s stock, including a bearish head-and-shoulders formation and a break down through…

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News Stocks 

FTSE 100 down, as retail sector shaken by ASOS profit warning

“Retail gloom hit London markets on Monday, after online retailing giant ASOS PLC cut its full-year outlook, sending its rivals into the red” writes Emily Horton for marketwatch.com. On the heels of a slump for ASOS, shares in its major competitors also felt the heat.Boohoo Group PLC BOO, -10.77%  dropped by 9.5% and Quiz PLC QUIZ, -12.59%  shares were down 15%.Shares of U.K. fashion retailers were down Monday morning after ASOS ASC, -38.91%   warned of difficult November trading and cut its full-year outlook. Source: marketwatch.com Share This:

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Markets News 

SSE and Npower ditch retail energy merger

“Energy giants SSE and npower have called off their merger, blaming “challenging market conditions” and the Government’s price cap” writes Press Association for telegraph.co.uk. The companies said the deal had been affected by multiple factors, including the performance of their businesses, clarity on the final level of the Government’s default tariff cap and changing energy market conditions.SSE said: “These implications meant the new company would have faced very challenging market conditions, particularly during the period when it would have incurred the bulk of the integration costs.”. The two firms had been…

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News 

a good report on retail sales

“November’s increase in core retail sales suggested a brisk pace of consumer spending in the fourth quarter” writes unknown author for cnbc.com. Economists polled by Reuters had forecast core retail sales rising 0.4 percent last month.These so-called core retail sales, which correspond most closely with the consumer spending component of gross domestic product, were previously reported to have gained 0.3 percent in October.The Commerce Department said on Friday retail sales excluding automobiles, gasoline, building materials and food services surged 0.9 percent last month after an upwardly revised 0.7 percent increase…

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News 

Retail sales get off to good start for the holiday season, online stores big winners

“If a big drop at gas stations is stripped out, retail sales rose a stronger 0.5%, the government said Friday” writes Jeffry Bartash for marketwatch.com. The category that’s mostly online sales recorded a robust 2.3% increase in sales last month.Retail sales increased 0.2% last month, led by online stores such as Amazon AMZN, -1.57%  and big-box stores like Best Buy BBY, +0.00% the Commerce Department said. Source: marketwatch.com Share This:

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U.S. core retail sales surge in November

“Economists polled by Reuters had forecast core retail sales rising 0.4 percent last month” reports businessinsider.com. November’s increase in core retail sales suggested a brisk pace of consumer spending in the fourth quarter.These so-called core retail sales, which correspond most closely with the consumer spending component of gross domestic product, were previously reported to have gained 0.3 percent in October.Overall retail sales, however, rose 0.2 percent in November as cheaper gasoline undercut sales at service stations.Online and mail-order retail sales surged 2.3 percent, the largest gain in a year. Source: businessinsider.com…

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News 

Walgreens Launches B2B Auction eMarketplace

“Pharmacy retail chain Walgreens has launched a new B2B eMarketplace to sell excess goods to other businesses, reports in Digital Commerce 360 said this week” reports pymnts.com. Walgreens will ship the procured goods from one of its 15 fulfillment centers in the country, reports said, noting that B-Stock is hosting a slew of other B2B eMarketplaces from retail giants, including Amazon. Source: pymnts.com Share This:

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U.S. core retail sales accelerate in November

“The dollar rose against the euro and the yen after the core retail sales data, while U.S. Treasury prices trimmed gains” writes Midwest Communications Inc for 95kqds.com. Economists polled by Reuters had forecast core retail sales rising 0.4 percent last month.November’s increase in core retail sales and upward revisions to October’s data suggested a brisk pace of consumer spending in the fourth quarter.These so-called core retail sales, which correspond most closely with the consumer spending component of gross domestic product, were previously reported to have gained 0.3 percent in October.Overall…

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