Business Report: Stocks Sink, Again
Friday, December 21, 2018
Credit: Associated Press
KPBS reporter Priya Sridhar and SDSU marketing lecturer Miro Copic discuss some of the week’s top business stories.
Stock Market Slides
Wall Street suffered severe losses this week. The major indexes dropped more than 11 percent in December. Analysts say these markets could be facing their worst month since the global financial crisis in October, 2008.
Jack in the Box Options
Jack in the Box executives announced plans Monday to explore financing alternatives for the hamburger chain, including a possible sale. This comes one year after the San Diego-based company sold its Qdoba brand. The company has more than 2,200 restaurants in 21 states and Guam.
Online retailers are breaking records this year. The latest report from Adobe Analytics shows consumers spent more than $110 billion online this holiday season. That is an increase of nearly 18 percent from the same period last year. One of the more popular shopping trends are “click-and-collect” orders, when shoppers buy online and then pick up items at brick-and-mortar stores. Those sales are up by 47 percent from last year.
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