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Recap December 8: Stocks 1% From Highs – Cyber Monday & Black Friday Record (Recap : Ep 048)

In today’s recap we bring you some of the news of the week, we tell you about how this week’s Cyber Monday in the U.S. set all kinds of sales records, including one that has become something of an annual tradition: It was Amazon’s biggest shopping day in the company’s history. Cyber Monday registered a total of $9.2B in sales, a spike of nearly 17% over 2018. Shopping on smartphones accounted for 33% of those sales, an increase of 46% vs the same day in 2018.

Google co-founders Larry Page & Sergei Brin are giving up their respective positions as chief executive & president extending a long retreat from public roles & active management of the firm, they co-founded in 1998. Remaining involved as board members, the 2 will still control a majority of voting power under the corporation’s dual-class share structure.

United Airlines is buying 50 Airbus A321XLR jets for flights between the U.S. east coast & Europe, in latest setback for Boeing – falling behind Airbus in the annual contest for orders & deliveries. The new Airbus long-range jets, with a total list value of around $6.5B, will replace United’s older fleet of 53 Boeing 757-200 planes beginning in 2024.

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