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NEW YORK (AP) — Americans held back on spending during the start of the holiday shopping season, a troubling sign for retailers and the state of the U.S. economy. U.S. retail sales fell a seasonally adjusted 1.1% in November, according to the U.S. Commerce Department. It was the biggest drop in seven months, and a steeper decline than Wall Street analysts had expected. The Commerce Department on Wednesday also revised October’s report, saying that retail sales fell 0.1% that month, instead of rising 0.3% as it previously reported. Retailers had tried to get people to shop early, with Amazon, Best Buy, Walmart and others offering holiday deals in October.The report points to a weak start to the all-important holiday shopping season, which can usually account for a quarter or more of a retailer’s annual sales. Black Friday was also a bust. Typically one of the busiest shopping days of the season, shoppers mostly stayed home after health officials warned people not to shop in person, and retailers followed suit by putting their best deals online. Half as many people shopped inside stores this Black Friday than last year, according to retail data company Sensormatic Solutions.“It will take a miracle to keep retail sales positive in December,” said Chris Rupkey, chief financial economist at global financial group MUFG.It is also another sign that the pandemic is slowing the U.S. economy as stores face tighter restrictions and people stay away home. 1475

North Korea has threatened to abandon planned talks between leader Kim Jong Un and US President Donald Trump in June if Washington insists on pushing it "into a corner" on nuclear disarmament.A statement published by the state-run Korea Central News Agency (KCNA) said North Korea would never accept economic assistance from the US in exchange for unilaterally abandoning its nuclear program.Kim Kye Gwan, North Korea's First Vice Minister of the Ministry of Foreign Affairs, was quoted in the article as saying "the US is talking about giving us economic rewards and benefits when we give up nuclear weapons.""We have never built our economy expecting things from the US and will never do such a deal in the future," he added.If the Trump administration was "genuinely committed" to improving ties with Pyongyang, "they will receive a deserving response," Kim said. "But if they try to push us into a corner and force only unilateral nuclear abandonment, we will no longer be interested in that kind of talks and will have to reconsider ... the upcoming summit."  1077

NEW YORK (AP) — Phyllis Somerville, an actor who appeared in a variety of films, television shows and Broadway productions over her 45-year-plus career, has died. She was 76.Somerville's manager Paul Hilepo says Somerville died Thursday in New York City of natural causes.A native of Iowa, Somerville moved to New York in the 1970s and most recently appeared onstage in the Broadway production of “To Kill a Mockingbird.”On television, she appeared in “The Big C," “NYPD Blue” and was in films like “Arthur” and was among “The Curious Case of Benjamin Button” actors nominated for a Screen Actors Guild Award. 617

NEW YORK CITY, NY -- New York Police Department Deputy Inspector Stewart Loo says he's going to do something about hate crimes targeting Asian Americans in the city.He says it's close to his heart."This hit home for me because I have friends, families who are legitimately afraid to go outside because they have feared for their safety.”The new task force was introduced Tuesday by Chief of Detectives Rodney Harrison."This task force has been built and will continue to build trust and understanding between the NYPD and Asian New Yorkers,” he said.The task force was put together in response to a rise in hate crime attacks on the Asian community amid the coronavirus pandemic. A result of the harsh rhetoric surrounding the virus, which is believed to have originated in Wuhan, China, before spreading around the globe.Some Asian New Yorkers bore the violent backlash of rhetoric gone wrong. There have been 21 attacks in the city since March."Asian New Yorkers were attacked on trans, buses, [in] parks, restaurants and walking in their own neighborhoods,” said Harrison. He praised the hate crimes task force for clearing about 17 arrests but admitted the reluctance on the part of some victims to follow up with the active investigations due to language barriers, cultural differences, or even fear of the police.This story was first reported by Craig Treadway at WPIX in New York. 1395

NEW YORK – Wall Street clawed back the last of the historic, frenzied losses unleashed by the coronavirus, as the S&P 500 closed at an all-time high Tuesday.The benchmark index notched a modest 0.2% gain to beat its previous record high set on Feb. 19, before the pandemic shut down businesses around the world and knocked economies into their worst recessions in decades.The S&P 500′s milestone caps a furious 51.5% rally that began in late March.Tremendous amounts of aid from the Federal Reserve and Congress helped launch the rally, which built momentum on signs of budding growth in the economy. 616