cnnfn reports:

Initial jobless claims rise to 365,000 in latest week from revised 354,000. Details coming

More — in other news:

The Friday after Thanksgiving — traditionally the start of the holiday shopping season — generated about $7.2 billion in sales, according to ShopperTrak, which measures retail sales. On Saturday, the tally was $5.2 billion.

The combined two-day total was up 5.4 percent over last year.


Wal-Mart, the world’s biggest company, said its November sales were strongest in the first half of the month, supporting analysts’ view that Thanksgiving holiday weekend demand was weaker than expected.

The Bentonville, Arkansas-based retailer said November sales at stores open at least a year — a key retail measure known as same-store sales — rose 3.9 percent, about the middle of its forecast and in line with analysts’ expectations.

Many analysts trimmed their forecasts after Wal-Mart reported a disappointing 6.3 percent increase in sales on the day after Thanksgiving, known as Black Friday because it used to mark the day when retailers turned a profit for the year.

Damn you Neil Cavuto’s friend Tom! 😡



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