Holiday Consumer-Electronics Sales Fell 5%

U.S. consumers spent 5% less on consumer electronics during the last holiday season compared to a year earlier, according to a new report from NPD Group. Even at discounted prices, Americans bought fewer flat-screen televisions…

Food Prices Jumped to Record High in December

Global food prices rose to a record high last month, overtaking even the levels seen during the 2007-2008 food crisis.

The UN Food and Agricultural Organization said its food price index rose to 214.7 points last month, an increase of almost 4.2% fro…

December Sales Will Warm Merchants’ Hearts

Shoppers didn’t disappoint, buying presents at both low- and high-end prices, from jewelry to shoes. Most analysts predict sales will show year-over-year increases of 3% to 4% on Thursday, when major chains post December figure…