Morning Brief AnewZ Morning Brief - February 11th, 2025
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 11th, covering the latest developments you need to know.
A last-minute shopping surge and heavy discounts drove U.S. holiday sales higher than expected, rising 3.8% from last year, according to Mastercard SpendingPulse.
Holiday retail spending in the U.S. from November 1 to December 24 exceeded prior forecasts, reflecting strong consumer activity despite inflation and higher interest rates. The 3.8% year-over-year increase underscores continued resilience among shoppers, Mastercard SpendingPulse reported.
However, retailers noted a shift in consumer behavior. Describing customers as “selective” and “cautious,” many stores leaned heavily on promotions to attract buyers. Major chains such as Walmart extended price cuts through rollbacks, while Target intensified its promotional campaigns to maintain shopper interest. Dollar General, Kroger, and Five Below also slashed prices to remain competitive, acknowledging the pressure on profit margins.
E-commerce outpaced physical store sales growth, continuing a digital-first shopping trend. Online sales grew at double the rate of in-store purchases, as consumers increasingly opted for convenience. Retailers embraced generative AI tools to enhance customer service and product discovery, while improving curbside pickup and delivery services to streamline the shopping experience.
“Digital innovation and customer-centric strategies played a pivotal role in shaping this holiday season,” noted Steve Sadove, senior adviser to Mastercard and former CEO of Saks.
Despite economic challenges, the 2024 holiday season highlights both the adaptability of retailers and the enduring spending power of American consumers.
The Sarandí stream in Buenos Aires, Argentina, turned bright red on Thursday for unknown reasons, raising concerns among authorities and residents. The waterway, which flows into the Río de la Plata, is under investigation to determine the cause.
Uzbekistan’s flag carrier has announced airline’s plan to purchase a dozen of aircrafts from Boeing and Airbus, marking a significant milestone in upgrading and expanding its fleet.
Azerbaijan has halted activities of “Russian House” in Baku according to local media reports on Thursday, following accusations of espionage. This is being described as an escalation of tensions between the two countries.
Elon Musk has called for the shutdown of Radio Free Europe/Radio Liberty (RFE/RL) and Voice of America (VOA), arguing that the U.S.-funded media outlets serve as government propaganda tools and waste taxpayer money.
A major fire erupted near Istanbul’s historic Spice Bazaar in the Eminonu district on Thursday, quickly spreading to nearby buildings. Emergency teams, including firefighters and medical personnel, were dispatched to control the blaze and ensure public safety.
BP CEO Murray Auchincloss pledged on Tuesday to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.
Apple is reportedly working on a version of AirPods Pro with integrated cameras, set to launch as early as 2027, according to Bloomberg’s Mark Gurman. While the cameras won’t be featured in the upcoming AirPods Pro 3, the new tech aims to enhance AI-driven features and spatial audio integration.
U.S. President Donald Trump said on Sunday he will introduce 25% tariffs on all steel and aluminum imports into the United States, on top of existing metals duties, in another major escalation of his trade policy overhaul.
The year 2025 is shaping up to be a pivotal period for commercial lunar exploration, with half a dozen missions slated to launch over the coming months. These ventures, led by private companies under NASA’s Commercial Lunar Payload Services (CLPS) program, mark a significant expansion of commercial
Elon Musk and a group of investors have submitted a $97.4 billion bid to acquire OpenAI, the company behind ChatGPT. The offer was presented to OpenAI’s board on Monday, according to the Wall Street Journal.
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