Black Friday, Amazon strike, Activision stock and more: Friday’s 5 things to know

Black Friday, Amazon strike, Activision stock and more: Friday’s 5 things to know

Black Friday, Amazon strike, Activision stock and more: Friday’s 5 things to know

Here are the main events taking place on Friday which may affect trade.

BLACK FRIDAY: The trading campaign will resume on Friday, where the focus will largely be on retailers when shoppers come to the stores.

The markets will be on a shortened schedule.

Equites will be traded until 1 p.m. ET.

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Black Friday shopping

Black Friday, the day after Thanksgiving, is traditionally the start of the Christmas shopping season that stores promote with discount sales. ((Photo by Andrew Lichtenstein/Corbis via Getty Images) / Getty Images)

The bond markets will close early at 2 p.m. ET.

CME Energy and metals futures will end early at 1:45 PM ET.

SMALL BUSINESS SATURDAY: After Black Friday comes Small Business Saturday. It encourages holiday shoppers to patronize brick and mortar businesses that are small and local.

A new survey released by Bankrate.com found that 59% of holiday shoppers are likely to hit the stores on Small Business Saturday, while 56% plan to shop on Black Friday.

Retailers will still see significant traffic both in-person and online this Thanksgiving weekend just like usual, with around 80% of buyers who say they want to shop either Friday, Saturday or Cyber ​​Monday, according to the study.

The Amazon logo

The logo of Amazon is displayed on a Fulfillment Center. ((Photo by KAZUHIRO NOGI/AFP via Getty Images) / Getty Images)

AMAZON STRIKE: The online retail giant is reportedly facing new battles with unions this week, according to Fortune.

Staff worldwide are getting ready to demonstrate against the company on one of the busiest days of the calendar year.

The move comes as part of a movement called “Make Amazon Pay.”

It involves 80 trade unions, environmental activism groups, tax watchdogs and other organisations.

Strikes and protests are expected to take place in around 40 countries.

The coalition demands fair wages, the right to join unions and a commitment to true environmental sustainability.

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A Blizzard booth during a convention

Activision Blizzard Booth during the Electronic Entertainment Expo in Los Angeles. (AP Photo/Jae C. Hong/AP Images)

ACTIVISION BLIZZARD: Shares fell 4% in extended trading Wednesday, following a Politico report that Microsoft’s bid to buy the video game publisher could face a major roadblock as early as next month.

At the center of the FTC’s concerns is whether the acquisition of Activision will give Microsoft an unfair advantage in the video game market.

OIL LOSS WEEK: While rising on Friday, oil pared some of the week’s losses that have been driven by worries about Chinese demand and expectations of a high price cap planned by the Group of Seven (G7) nations on Russian oil.

US West Texas Intermediate (WTI) crude oil futures were trading around $78.00 a barrel.
Brent oil futures were trading around $85.00 a barrel.

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Both contracts were headed for their third consecutive weekly decline, on track to fall by approx. 2% with concerns about the easing of tight supply.

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