COVID is making it hard for people to spend during the holidays
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Also, record numbers of daily COVID deaths in Germany as the country enters a four-week lockdown. And, college athletics departments looking to compensate for lost income turn to gambling partnerships.
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Retail sales disappoint at a time when the COVID-stressed economy could use more spending
Susan Schmidt, head of U.S. equities at Aviva Investors, says what we saw was "a decline of 1.1% month over month. Now, that's not good as we head into the holiday shopping season. The worst sectors in that were clothing stores and restaurants." Moreover, Schmidt said, "we were hoping with the advent of the Christmas holidays, you'd see that shopping increase. We're not. And so instead we see a consumer that's still pretty tentative going into the holiday season and waiting for further stimulus from the government."
Germany registers more than 950 COVID deaths in the past 24 hours, the highest daily figure for the pandemic
The BBC's Jenny Hill reports.
It's an attractive — if contentious — revenue stream for schools.