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TOKYO (AP) — International stock markets are mixed today as expectations grow that President-elect Donald Trump's trade policies might fuel inflation. Futures sent mixed signals ahead of today's Wall Street opening. Benchmark U.S. crude oil fell below $44.50 a barrel. The dollar gained against the yen and the euro.
BEIJING (AP) — China's version of Cyber Monday has turned into the world's busiest day for e-commerce. In a bright spot for China's cooling economy, online shoppers spent billions of dollars today during what's known as "Singles Day." The country's biggest e-commerce brand, Alibaba Group, said sales passed 82.4 billion yuan ($12 billion) in the first 12 hours of the event. That's four times last year's Cyber Monday total.
TOKYO (AP) — Nintendo Co. is ending sales in Japan of its Wii U home console "soon," although it's not saying exactly when, and similar announcements are expected in other regions. The Japanese video game manufacturer behind the Super Mario and Pokemon franchises is replacing the Wii U, which went on sale from late 2012, by Switch, set to go on sale globally in March 2017. Nintendo says it will show it to reporters in Japan on Jan. 13.
WASHINGTON (AP) —It's Veterans Day. The bond market is closed today but the stock markets are open. There's another major company earnings report due out today: J.C. Penney Co. will report quarterly financial results before the opening bell.
NEW YORK (AP) — Federal regulators say that they are concerned that AT&T's exempting its DirecTV unit from cellphone data caps could hurt competition. AT&T lets customers watch video on DirecTV apps on their AT&T cellphones without eating into monthly data allotments. It's expected to do the same with an upcoming, $35-a-month TV streaming service called DirecTV Now. The FCC says that the practice may disadvantage video providers that aren't owned by AT&T, ultimately hurting consumers.
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