Shoppers may be out and about this Black Friday, but there aren't enough Star Wars toys, 4K TVs, PlayStation 4s and Beats headphones on the planet to push most major retail stocks into the black anytime soon.

In general, it has been a lousy year for traditional retailers. Consumers have been surprisingly cheap, despite improvement in the job market and low gas prices. Sales have been sluggish in the U.S, and the strong dollar has hurt the overseas operations of many big retailers.

But the American consumer hasn't cut up their credit cards and stopped shopping for good. A quick look at the year-to-date stock performance of several big retail stocks clearly shows what the real story is.

Just look at the numbers: Walmart: Down 30%, Target: Down 4%, Sears: Down 32%, Kohl's: Down 21%, Nordstrom: Down 22%, Macy's: Down 39%, Best Buy: Down 17%. Amazon is Up by 118%!

Amazon is now trading near an all-time high and has a market value of $317 billion. That's $32 billion more than the COMBINED market value of the other seven retailers listed above.

Every day is Cyber Monday for Amazon. The rise of online shopping is clearly hurting traditional retailers. According to figures from Adobe, online sales growth on Thanksgiving was up 24% from a year ago.

Walmart, Target and other big retailers are investing heavily in their digital operations. But it may not be enough to compete Amazon anytime soon.

 

 

 

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Russia threatened economic retaliation against Turkey on Thursday and said it was still awaiting a reasonable explanation for the shooting down of its warplane, but Turkey dismissed the threats as "emotional" and "unfitting".

In an escalating war of words, President Tayyip Erdogan responded to Russian accusations that Turkey has been buying oil and gas from Islamic State in Syria by accusing Syrian President Bashar al-Assad and his backers, which include Moscow, of being the real source of the group's financial and military power.

The shooting down of the jet by the Turkish air force on Tuesday was one of the most serious clashes between a NATO member and Russia, and further complicated international efforts to battle Islamic State militants. World leaders have urged both sides to avoid escalation.

Russian Prime Minister Dmitry Medvedev on Thursday ordered his government to draw up measures that would include freezing some joint investment projects and restricting food imports from Turkey.

Economy Minister Alexei Ulyukayev said Moscow could put limits on flights to and from Turkey, halt preparations for a joint free trade zone, and restrict high-profile projects including the TurkStream gas pipeline and a $20 billion nuclear power plant Russia is building in Turkey.

"We are strategic partners ... 'Joint projects may be halted, ties could be cut'? Are such approaches fitting for politicians?" Erdogan said in a speech in Ankara.

"First the politicians and our militaries should sit down and talk about where errors were made and then focus on overcoming those errors on both sides. But instead, if we make emotional statements like this, that wouldn’t be right."

Kremlin spokesman Dmitry Peskov said Russia was still awaiting a reasonable answer from Ankara on why it downed the fighter jet. Moscow insists it never left Syrian air space, but Ankara says it crossed the border despite repeated warnings.

Erdogan said the Russian jet was shot down as an "automatic reaction" to the violation of Turkish air space, in line with standing orders given to the military. Those instructions were a separate issue to disagreements with Russia over Syria policy, he said, adding Ankara would continue to support moderate rebels in Syria and Turkmen fighters battling President Assad's forces.

Medvedev on Wednesday alleged that Turkish officials were benefiting from Islamic State oil sales, while Russian Foreign Minister Sergei Lavrov said it was no secret that "terrorists" use Turkish territory.

"Shame on you. It's clear where Turkey buys its oil and gas ... Those who claim we are buying oil from Daesh like this must prove their claims. Nobody can slander this country," Erdogan said, using an Arabic acronym for Islamic State.

"If you are seeking the source of weaponry and financial power of Daesh, the first place to look is the Assad regime and countries that act with it," he said.

Moscow says its military involvement in Syria is aimed at battling terrorist groups including Islamic State, casting the campaign to a supportive Russian public as a moral crusade that must be completed despite obstruction from elsewhere.

Turkey and its allies say Russia's real aim is to prop up its ally Assad and that it has been bombing moderate opposition groups in areas of Syria like Latakia, where the jet was downed, and where there is little or no Islamic State presence.

Russian forces have shown no sign of backing down, launching a heavy bombardment against insurgent-held areas in Latakia on Wednesday, near where the jet crashed.

 

 

 

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Apple has acquired motion-capture technology startup Faceshift, which builds applications that capture human facial expressions as animated avatars or characters.

Faceshift's technology, which creates animated avatars and characters, has been used in big movies such as Star Wars.

The acquisition of Faceshift, which is based in Switzerland, actually occurred earlier this year but was only recently confirmed by Apple.

Faceshift's motion-capturing technology "allows animated characters to capture the facial expression of a person in real time, the article said, and has been used in the making of Star Wars movies. In addition, Faceshift has also worked with Intel and Pepsi on previous marketing campaigns that used the company's motion-capture technology.

The terms and price of the deal were not announced. The purchase of Faceshift appears to be continuing an acquisition spree by Apple this year as the company spends some of the more than $178 billion in cash it has amassed in recent years for research and acquisitions.

In October, Apple bought Perceptio, an artificial intelligence startup that works on ideas that could be integrated into future iPhones. Perceptio's technology helps smartphone owners more easily organize and store photos on their iPhones, making them easier to find and use. The price of the acquisition and terms of the deal were not announced.

In September, Apple reportedly acquired Mapsense, a mapping visualization startup, for $25 million to $30 million to bolster its mapping assets as it continues to develop better map tools in iOS 9 and other Apple products.

In May, Apple acquired Coherent Navigation, a Silicon Valley startup that has been using the Iridium satellite network to develop a commercial, high-precision navigation service for a wide range of industries. The price of that deal was not revealed.

In April, Apple paid about $20 million to acquire LinX Computational Imaging, an Israel-based company that focuses on designing and selling tiny cameras for use in mobile devices, such as smartphones and tablets.

In March, Apple acquired the startup behind the Foundation DB database in a move that could be aimed at helping Apple continue to improve and support its own services to its own customers. The companies did not announce financial terms of the acquisition. 

FoundationDB is a high-performance database that provides NoSQL and SQL capabilities for users. Such databases have become more popular in recent years compared with traditional relational database management systems because they better serve the emerging generation of interactive applications, according to an earlier eWEEK report.

Apple has been spending some of its huge cash pile on other ideas, as well. In February, it was learned that Apple has been looking to diversify its business into electric car production, possibly by 2020, as it explores new business opportunities outside its core consumer technology and computer, tablet and smartphone businesses.

 

 

 

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The US State Department on Monday issued a worldwide travel alert because of "increased terrorist threats." The threats are linked to the terrorist groups ISIS — also known as the Islamic State — al-Qaeda, Boko Haram, and others.

Here's a part of the official text of the alert:

The State Department alerts U.S. citizens to possible risks of travel due to increased terrorist threats. Current information suggests that ISIL (aka Da'esh), al-Qa'ida, Boko Haram, and other terrorist groups continue to plan terrorist attacks in multiple regions. These attacks may employ a wide variety of tactics, using conventional and non-conventional weapons and targeting both official and private interests. This Travel Alert expires on February 24, 2016.

Authorities believe the likelihood of terror attacks will continue as members of ISIL/Da'esh return from Syria and Iraq. Additionally, there is a continuing threat from unaffiliated persons planning attacks inspired by major terrorist organizations but conducted on an individual basis. Extremists have targeted large sporting events, theatres, open markets, and aviation services. In the past year, there have been multiple attacks in France, Nigeria, Denmark, Turkey, and Mali. ISIL/Da'esh has claimed responsibility for the bombing of a Russian airliner in Egypt.

U.S. citizens should exercise vigilance when in public places or using transportation. Be aware of immediate surroundings and avoid large crowds or crowed places. Exercise particular caution during the holiday season and at holiday festivals or events. U.S. citizens should monitor media and local information sources and factor updated information into personal travel plans and activities. Persons with specific safety concerns should contact local law enforcement authorities who are responsible for the safety and security of all visitors to their host country.

Foreign governments have taken action to guard against terrorist attacks, and some have made official declarations regarding heightened threat conditions. Authorities continue to conduct raids and disrupt terror plots. We continue to work closely with our allies on the threat from international terrorism. Information is routinely shared between the United States and our key partners in order to disrupt terrorist plotting, identify and take action against potential operatives, and strengthen our defenses against potential threats.

This alert comes after terror attacks in France and Egypt. ISIS has claimed responsibility for both.

 

 

 

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Turkish warplanes have reportedly shot down a Russian military aircraft on the border with Syria.

Russia's Interfax news agency cited the Russian defense ministry as saying that a Su-24 had crashed in northern Syria, and that its two pilots had ejected.

Turkish military officials said Turkish F-16s had shot down the plane after repeatedly warning its pilots that they were violating Turkish airspace.

Russia launched an air campaign to bolster Syrian President Bashar al-Assad's government in late September. It says it has targeted only "terrorists", but activists say its strikes have mainly hit Western-backed rebel groups.

Turkey, a staunch critic of Mr Assad, has warned against violations of its airspace by Russian and Syrian aircraft. Last month, Ankara said Turkish F-16s had intercepted a Russian jet that crossed its border and two Turkish jets had been harassed by an unidentified Mig-29.

 

 

 

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Donald Trump wasn't backing down Monday on his controversial claim that he saw "thousands" of people cheering in Jersey City, "When the World Trade Center came tumbling down". Despite the city’s mayor at that time said that Trump has "memory issues, or willfully distorts the truth."

Trump first told the story Saturday at a rally in Birmingham, Ala., as he pressed the need for greater surveillance, including monitoring certain mosques, in the wake of the Paris attacks.

"I watched when the World Trade Center came tumbling down. And I watched in Jersey City, New Jersey, where thousands and thousands of people were cheering as that building was coming down," Trump said.

Trump repeated the claim Sunday in an interview on ABC's "This Week" after host George Stephanopoulos explained that police had refuted any such rumors at the time. "It did happen. I saw it," said Trump. "It was on television. I saw it."

"There were people that were cheering on the other side of New Jersey, where you have large Arab populations. They were cheering as the World Trade Center came down," he said.

"I know it might be not politically correct for you to talk about it," he added, "but there were people cheering as that building came down, as those buildings came down. And that tells you something."

A spokeswoman did not respond to a request for clarification Saturday about Trump's comments. In a statement, Jersey City Mayor Steven Fulop criticized Trump for his remarks.

"Trump is plain wrong, and he is shamefully politicizing an emotionally charged issue," said Fulop. "No one in Jersey City cheered on September 11th. We were actually among the first to provide responders to help in lower Manhattan."

Footage of Muslims in Middle Eastern countries cheering news of the attacks were broadcast often on television, but there is no evidence in news archives of mass celebrations by Muslims in Jersey City, which sits right across the Hudson River from Lower Manhattan, with clear views of the World Trade Center site.

While rumors have circulated on the internet for years that American Muslims celebrated the attacks in Paterson, New Jersey, police officials and religious leaders denied it at the time.

"Trump needs to understand that Jersey City will not be part of his hate campaign," said Fulop. "Clearly, Trump has memory issues or willfully distorts the truth, either of which should be concerning for the Republican Party."

 

 

 

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