08292016Mon
Last updateTue, 23 Aug 2016 8pm

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NRF reports Thanksgiving weekend brings big in-store and online crowds

(WASHINGTON) - Holiday shoppers were on their feet and online early over the Thanksgiving weekend as millions of people grabbed their friends and family and made the trek to their favorite stores, or sat down with their lists ready for some serious online shopping.

According to the National Retail Federation’s (NRF) Thanksgiving Weekend Survey conducted by Prosper Insights & Analytics, more than 151 million people said they shopped either in stores and/or online over the weekend. This compares to the 136 million, who in a mid-November survey, said they planned to shop over the weekend. Specifically, nearly 102 million people say they shopped in stores over the Thanksgiving weekend, and more than 103 million say they shopped online.


3 Tips to Reach Last Minute Holiday Shoppers

Sponsored content from Southern Jewelers Guild

With Thanksgiving, Black Friday and Small Business Saturday now in your rear view mirror, you’re probably wondering what momentum is going to carry you through the last 5 weeks of the year and make your holiday season merry and bright.

If you think it’s all down hill from here, don’t despair. According to a recently published article from IDEX Online, analytic company ShopperTrak has put together a list of predictions on the 10 busiest shopping days for the holiday season, and you still have 7 of them ahead of you.

Man questioned in murder of Montana mother and son who stumbled into fortune

murder

Police in rural Montana are questioning a man previously convicted of aggravated kidnapping in connection with the murder of an elderly woman and her son who disappeared just ten days after they came into possession of a bar of gold worth almost half a million dollars.

The bodies of Beverly and Greg Giannonatti were found in a dump site in Powell County, Mont., Sunday night — a month after the mother, 79, and son, 57, vanished without a trace.

Powell County Sheriff Scott Howard identified David Wayne Nelson as a “high person of interest” in the case, the Montana Standard reported Monday, though he has not been charged with anything. Nelson has a Deer Lodge address and is being jailed without bail on a 72-hour investigative hold, Howard said at a news conference .

A NYC restaurant is serving a $45,000 Thanksgiving dinner with diamonds hidden in the stuffing

techinsider food

Old Homestead Steakhouse, a New York staple in the Meatpacking District since 1868, has issued a press release that they’re serving a $45,000 Thanksgiving feast this year, targeted towards men looking to pop the question.

Marc Sherry, who co-owns the Homestead with his brother Greg, came up with the idea after seeing so many couples get engaged on Thanksgiving. “Why wait until Valentine’s Day,” Marc said in the press release. “She’ll never expect it on Thanksgiving.”

So in addition to the typical turkey, mashed potatoes, and cranberry sauce, diners will also get a very special surprise — a two-karat emerald cut diamond engagement ring — hidden in the stuffing.

Biggest Diamond in More Than a Century Unearthed in Botswana

bloomberg diamond

A 1,111 carat gem-quality diamond, second in size only to the Cullinan diamond cut into the British Crown jewels, has been unearthed by Lucara Diamond Corp. in Botswana.

The Type-IIa stone, just smaller than a tennis ball, is the largest diamond discovery for more than 100 years, according to Vancouver-based Lucara. It was recovered by machines at the south lobe of Karowe mine in central Botswana, the company said in a statement.

Cracks appear in China's gold leasing trade as jewelers suffer defaults

cnbc gold cois

Chinese banks are growing alarmed by a rising number of defaults among jewelry manufacturers, prompting them to review new gold lending more carefully in the world's biggest consumer, according to sources with direct knowledge of the issue.

The top four Chinese banks alone have up to 443.4 billion yuan ($69.63 billion) tied up in gold leasing, so any pull back could cut China's imports and hit global bullion prices that are already languishing at the lowest in more than five years.

Americans are buying tons of gold

buyin tons of goldThis summer's market mayhem caused Americans to buy gold bars and coins at levels unseen since the financial crisis.

When people are scared about the economy and financial markets, they rush to gold. Boy, were they worried in recent months.

U.S. demand for gold bars and coins surged 207% during the third quarter, the World Gold Council said on Thursday.

The skyrocketing demand signaled a level of interest in gold investment "not seen since the global financial crisis," the group said.

The U.S. Mint backs up that assessment. It said gold Eagle coin sales surged to nearly 400,000 ounces last quarter, the highest level in more than five years.

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