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The pandemic has not deterred people from spending money during the holidays this year.According to Mastercard SpendingPluse, holiday retail sales were about 3% higher in 2020 than they were a year ago.“American consumers turned the holiday season on its head, redefining ‘home for the holidays’ in a uniquely 2020 way. They shopped from home for the home, leading to record e-commerce growth,” said Steve Sadove, senior advisor for Mastercard and former CEO and Chairman of Saks Incorporated said in a press release. “And, consumers shopped earlier than ever before. Across our expanded 75-day holiday shopping season, sales were up 3.0%, a testament to the holiday season and strength of retailers and consumers alike.”Mastercard said that between Oct. 11 and Dec. 24, online spending was up 49%, with sales on furniture and home improvement items also seeing an increase.Online furniture sales grew 31% compared to last year, and home improvement items were up 79%, Mastercard said.Sales for department stores and clothing brands were down this year, with apparel declining 19% and overall sales at department stores fell 10%. 1137
The New York attorney general is investigating the parent company of MoviePass, a source familiar with the probe confirmed to CNN Business.The state is looking into whether Helios and Matheson (HMNY) misled investors about its finances, the source said. The investigation is being conducted under New York's Martin Act, an anti-fraud and investor protection law. The existence of the probe was first reported Wednesday by CNBC.The movie subscription service exploded in popularity last year when it began offering customers the ability to watch as many movies in theaters as they wanted for per month. But that business model proved unsustainable, and the company has since changed its subscription plans and pricing as well as the number of movies it makes available to its customers.As the company's troubles worsened this year, its stock price also cratered.Helios and Matheson stock was trading at an all-time high of nearly a share in October 2017. Now the stock is trading at 2 cents — and that's after the company approved a reverse split to boost the price 250-fold earlier this summer.Nasdaq has even warned Helios and Matheson that it could delist the stock.Helios and Matheson and MoviePass did not respond to requests for comment Wednesday.The company is wrestling with other problems as well.Board member Carl Schramm, an economist and Syracuse University professor, recently quit his job and claimed that executives mismanaged the business and withheld crucial information from the board.Purported stockholders have filed two federal class-action complaints against Helios and Matheson in August, claiming the company made "materially false or misleading" statements to the market. The company said at the time that it intended to "vigorously defend" itself and believed the complaints were "without merit."Last month, the company filed new paperwork with the Securities and Exchange Commission indicating that it was going to ask shareholders to vote on another reverse split — one that this time could increase the stock by as much as 500-fold.That meeting was scheduled to happen Thursday. In documents filed with the government on Tuesday, the company said the meeting would be moved to November 1 so stockholders had more time to consider the split before voting. 2323

The number of mass shootings around the country in 2018 has risen above 300 so far.According to data from the Gun Violence Archive, a total of 307 mass shooting incidents have occurred as of October 27.Wednesday night's shooting, which left 13 people dead at a bar in Thousand Oaks, California, marked the 307th mass shooting incident so far this year.In 2017, the U.S. saw a total of 346 mass shootings. See statistics for other years here.There doesn't seem to be an official definition for a "mass shooting" in the United States, but according to the Gun Violence Archive, a mass shooting is described as four or more individuals being shot or killed in the same general time and location. RELATED: School shootings in U.S.: When, where each shooting has occurred in 2018The F.B.I. defines a "mass killing" as the killing of three or more people in a public place, but the federal agency also defines a "mass murderer" as someone who has killed four or more people in the same location.The Gun Violence Archive lists itself as a not-for-profit organization that documents gun violence and gun crime nationally. 1156
The official schedule of memorial services for former President George H.W. Bush, who died late Friday at the age of 94, was released Saturday evening.An arrival ceremony involving both the House and Senate will be held at 4:45 p.m. ET on Monday at the US Capitol, where Bush will lie in state in the rotunda until Wednesday morning. The public can pay their respects to the 41st president from 7:30 p.m. ET Monday to 8:45 a.m. ET Wednesday.On Wednesday, family and friends will gather at the National Cathedral in Washington, DC, for an 11 a.m. ET memorial service.President Donald Trump designated Wednesday as a national day of mourning, the White House said.The former president will also lie in repose at St. Martin's Episcopal Church in Houston, where Bush lived, from 7:45 p.m. ET Wednesday until 7 a.m. ET Thursday. A second memorial service for Bush will be held at St. Martin's Episcopal Church at 11 a.m. ET Thursday.Bush will then be taken by a motorcade procession to the George H.W. Bush Presidential Library in College Station, Texas, where he will be laid to rest.. The remains will be transported by funeral car (train) to College Station.The arrival ceremony at Texas A&M University will be at 4:45 p.m. ET and will be followed by another ceremony and the interment at 5:15 p.m. ET at the George Bush Presidential Library & Museum.Both Bush's wife Barbara, the former first lady who died in April, and their daughter Robin, who died of leukemia as a child, are laid to rest on the library's grounds.A tribute website for Bush has been set up on which funeral details will be posted.In lieu of flowers, the Bush family has requested that donations be made to the George Bush School of Government and Public Service at Texas A&M University.To honor the former president, the international nonprofit Points of Light, founded by Bush, invited the public to celebrate Bush by giving a day of service in his memory. 1947
The porn star known as Stormy Daniels threatened to call off a nondisclosure agreement with President Donald Trump's lawyer weeks before the election, The Washington Post reports, citing an email from Daniels' lawyer obtained by the newspaper.Trump's personal legal counsel, Michael Cohen, agreed to pay the woman, whose real name is Stephanie Clifford, reportedly in exchange for her silence about an alleged affair she had with Trump several years prior.But according to the Post, an email from Clifford's lawyer, Keith Davidson, on October 17, 2016, shows Clifford's lawyer threatening to end the nondisclosure deal. At that point, the payment had not arrived, the newspaper said.Shortly after, a second email to Cohen from Davidson obtained by the newspaper said: "Please be advised that my client deems her settlement agreement canceled and void."Ten days after those emails, another email shows Daniels received a 0,000 payment, according to the Post.Cohen admitted last month to making the payment, saying in a statement that the exchange was a "lawful" "private transaction" in which he used his "own personal funds," and "was not a campaign contribution or a campaign expenditure by anyone.""Neither the Trump Organization nor the Trump campaign was a party to the transaction with Ms. Clifford, and neither reimbursed me for the payment, either directly or indirectly," Cohen said.Cohen reportedly set up a private LLC shortly before the 2016 presidential election to pay Clifford, following an alleged July 2006 sexual encounter with Trump, The Wall Street Journal reported in January.After the initial reports of the payment, Cohen said in a statement that Trump "vehemently denies" any encounter between the two."Just because something isn't true doesn't mean that it can't cause you harm or damage," Cohen's latter statement said. "I will always protect Mr. Trump."Clifford's manager also said last month that Clifford now believes Cohen voided the non-disclosure by admitting to the payment."Everything is off now, and Stormy is going to tell her story," said Gina Rodriguez, Clifford's manager.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 2217
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