Holiday spending surges to 12-year high

U.S. holiday spending jumped to its biggest gain since 2005 on stronger employment, rising consumer confidence, and expectations of higher wages and bonuses after new tax bill, according to NRF. Conway Gittens reports. Holiday...


Retailers shares drop

Macy’s, J.C. Penney, and Sears shares drop on news of store closures and job cuts. Fred Katayama reports. Retailers shares drop


Tourists celebrate Christmas Eve in Bethlehem

People and Christian pilgrims from around the world arrived at the square outside Bethlehem’s Church of Nativity on Sunday, ahead of Christmas Eve celebrations in the site believed to be Jesus’ place of birth....