Cyber Monday saw a big retail push following a Black Friday that expanded into Thanksgiving Day. The big question now is whether all the early shopping will boost total holiday sales or just push them up earlier on the calendar.
Securities and Exchange Commission (SEC) chairwoman Mary Schapiro is stepping down. She took over the agency in 2009 as it was reeling from criticism over the financial crisis and the Bernard Madoff's Ponzi scheme. Schapiro is credited as a consensus builder who restored some stability to the SEC. She is being replaced by SEC commissioner Elisse Walter.
Thanksgiving weekend spending shot up nearly 13 percent from last year, and there's more time between Thanksgiving and Christmas this year for people to shop. And if a deal to avoid the fiscal cliff comes just before Christmas, as some expect, it could brighten the economic mood of last-minute shoppers.
Each year PNC Wealth Management adds up all 364 items in the carol — the swans, the geese, the golden rings — and comes up with a price tag. This year they'd cost more than $107,000, up more than 6 percent from last year.
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