News From All Corners

Spreading Black Friday Fever to China’s Shoppers
By Greg Bensinger, The Wall Street Journal
China doesn’t officially celebrate Thanksgiving or Christmas, but American retailers are hoping to convert a generation of consumers in the world’s most populous country into year-end binge buyers anyway. Starting this week, Chinese shoppers can take advantage of Black Friday discounts from retailers like Macy’s Inc.,American Apparel Inc. and Gilt Groupe Inc. thanks to a partnership with Alipay, the payments processor closely tied to e-commerce juggernaut Alibaba Group Holding Ltd.
3 Reasons Holiday Shoppers Will Spend Cautiously
By Anne D'Innocenzio and Chris Rugaber, AP
Falling gas prices. Soaring stock market. Unemployment at a six-year-low. All signs point to a successful holiday shopping season. Despite the economic tail winds, though, retailers are finding themselves having to work to get shoppers into stores. Why? Five years into the economic recovery, most Americans still are struggling.
Supersonic jets can fly from New York to L.A. in 2.5 hours (or less)
By Steve Hargreaves, CNN
Over a decade after the Concorde made its last transatlantic flight, a number of companies are working on the next generation of supersonic passenger aircraft capable of speeds at least twice as fast as current commercial planes. These planes will likely first appear in the private and business jet market.
Drone pilot wanted: Starting salary $100,000
By Ben Rooney, CNN Money
Big companies, such as Amazon and Facebook, are looking for pilots who fly drones and engineers with experience in building the unmanned aircraft. And they are willing to pay top dollar for the right stuff. Federal regulations currently prohibit the use of drones for commercial purposes. But all that will change soon, with the Federal Aviation Administration expected to soften rules next year to allow certain light-weight drones to make commercial flights up to 400 feet.
Thanksgiving science: Why gratitude is good for your health
By Tia Ghose, LiveScience
Thanksgiving may be the only major American holiday focused on giving thanks for all of life's blessings, but gratitude isn't just a good excuse for chowing down on turkey and pumpkin pie; it's also a way to promote good health and well-being, experts say. Dozens of studies have found that gratitude can improve well-being, and can even help people curb depression and anxiety, improve cholesterol, and get better sleep, said Robert Emmons, a psychologist at the University of California, Davis, and author of "Gratitude Works! A 21-Day Program for Creating Emotional Prosperity" (Jossey-Bass, 2013).
Millenials park money in 'Bank of Mom and Dad'
CNBC
Surveys continue to show a major disconnect between how optimistic many millennials are about their financial future and what they are actually doing to make sure they achieve their goals. In a Bank of America/USA TODAY survey released Wednesday, the majority of millennials say they are good at living within their means-paying off credit cards in full each month and limiting spending. Yet more than half admit to living paycheck to paycheck-and many are still living with or living off their parents.
Yik Yak, Big in Schools, Is a Hit With Investors Too
By Evelyn M. Rusli, The Wall Street Journal
Yik Yak, the controversial anonymous-messaging app that has spread rapidly across college campuses, is proof that it can take as little as a year these days to go from zero to a valuation of hundreds of millions of dollars. Sequoia Capital has led a $62 million investment in Yik Yak in the Atlanta-based startup’s third funding round this year, according to people familiar with the deal. Current investors are expected to participate in the round.
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