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Nikola’s Founder Has Sold $284 Million of Stock Since Fraud Charges

Reuters

Investors watch retail stocks as U.S. holiday shopping beckons

Investors are zeroing in on a number of hot retailers’ shares as the U.S. holiday shopping season kicks into high gear this week, weighing the potential for supply chain problems against expected strong consumer demand. The day after the U.S. Thanksgiving holiday, Black Friday, has for years unofficially marked the start of the holiday shopping period and one of the busiest shopping days of the year. Among other trends, the Black Friday average promotional discount is lower than in previous years, according to data compiled by Refinitiv and StyleSage Co, a data analytics platform, suggesting consumers may not see the bargains they’ve seen before.

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