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  • iStock/Thinkstock(NEW YORK) -- The Nasdaq Composite reached a new record on Friday as U.S. stocks closed slightly higher.The Dow Jones Industrial Average climbed 30.71 (+0.13 percent) to finish at 22,871.72.The Nasdaq gained 14.29 (+0.22 percent) to close at 6,605.80, while the S&P 500 finished at 2,553.17, up 2.24 (+0.09 percent) from its open.Crude oil was about 1.46 percent higher with prices at $51 per barrel.
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  • iStock/Thinkstock(NEW YORK) -- Friday the 13th may spark dread for the superstitious. And for many people, the number 666 is associated with the devil based on the book of Revelation in the Bible.But for 11 years some airline passengers have flown in the face of any such fearful associations -- taking Finnair’s flight AY 666 from Copenhagen to Helsinki, which has the airport abbreviation “HEL” -- on Friday the 13th.
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  • ABCNews.com(NEW YORK) -- The Netflix hit show "Stranger Things" is sure to provide some costume inspiration this Halloween, but some online retailers are raising eyebrows with a "sexy" take on one of the series' central child characters.The "Upside Down Honey" costume is based on Millie Bobby Brown’s onscreen character, Eleven, but is intended only for adults.It features a short light-pink baby-doll dress with a ruffled bust, thigh-high white socks, a bomber jacket and accessories.Although there do not appear to be child-sized versions of the costume, some critics on social media claim the design sexualizes a child star. Brown was 12 at the time of filiming "Stranger Things" and is now 13.
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  • ABC News(NEW YORK) -- In a rare kind of collaboration, a fast food chain now has a complete fashion line.The "hot" new clothing collaboration between Taco Bell and Forever 21 has fans of the two chains drooling.The "fast-fashion" clothing retailer and fast-food brand introduced the new limited-edition collection inspired by iconic graphics of the taco chain.Super fans and influencers flaunted the fun food clothing line -- "Forever Taco Bell" -- on the catwalk at a runway show and launch event in Los Angeles on Wednesday.The clothing items feature bold and playful prints ranging from Taco Bell's pink-and-purple bell logo to their variety of hot sauce packets.The line was designed for men, women and kids and will be available online and in around the world in physical stores.A pop-up shop at the launch of the Forever 21 Taco Bell line sold was pieces ahead of their in-store availability -- and tacos, of course.Customers are sharing their looks on social media with the hashtag #F21xTacoBell.Taco Bell has already been selling clothing at the retail shop of its flagship Las Vegas cantina and through a 2014 collection of taco-themed socks with brand The Hundreds.
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  • iStock/Thinkstock(NEW YORK) -- October 12 marks National Savings Day, founded by Capital One with the hopes of helping people save their money and learn new strategies for doing so. It was announced at the beginning of 2017 by The Registrar at National Day Calendar and can be observed annually. 
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  • Justin Sullivan/Getty Images via ABCNews.com(NEW YORK) -- Reports of the death of bricks-and-mortar retailers, as Mark Twain famously said, are greatly exaggerated.Some people are doubling down on this pronouncement after some big chains, including Macy's, said they were hiring fewer seasonal workers. But those who read closer will see that other retailers are doing just the opposite. Target, for example, plans to increase total holiday hiring by 43 percent -- its first increase in five years.Target is emblematic of the reality that gets lost in the eagerness of the mass media to declare the death of shopping malls: Though some retailers are withering, many retail chains are actually quite healthy.The notion that bricks-and-mortar stores are moribund is fed by these three myths:All major retailers are suffering. Online sales are growing for all retailers, but nearly 85 percent of retail sales still take place in stores. And major retailers, including Nordstrom, Dick’s Sporting Goods, Burlington Stores, T.J. Maxx and Target, are undertaking significant expansions this year.Lines between traditional and online retailing are blurring. The two actually work in tandem. Nordstrom is opening smaller stores with limited inventory to support its growing online operation. (You’ve probably been told in a clothing store that you can get the color you want online.) Shoppers can now go into Target to buy Casper mattresses, formerly sold only online. According to marketing expert Allan Haims, shoppers have come to view online and in-store retailing through “a single lens.”Millennials shun traditional shopping, and seldom visit retail stores. Actually, they’re leaving home to shop in droves, visiting multiple locations in one outing to find what they want -- an important vital sign for the future health of bricks and mortar."The retail industry has been operating on the outdated assumption that boomers are shopping for deals primarily in-store and millennials are searching for deals mostly online," says Greg Petro, an online analyst with First Insight. "But the behavior of these two generations is evolving.”Instead of fixating on the next sexy online enterprise, investors will likely see new allure in retail chains based on something that’s been forgotten amid the digital fever: capital. Big chains have better resources than purely online enterprises to pay for warehouse space, giving them a leg up. And retailers that execute online sales adroitly and burnish their brands in cyberspace stand to do well against purely digital disrupters. Meanwhile, as physical stores become viewed as essential to compete, purely online enterprises will face new capital and management challenges that are old hat to bricks-and-mortar chains.No, real stores aren’t dying—they’re just changing. They’re taking a page from online retailers’ book, and vice-versa.Dave Sheaff Gilreath is a founding principal of Sheaff Brock Investment Advisors LLC. He has more than 30 years of experience in the financial services industry. Neither he nor members of his family own shares of retail stocks. Any opinions expressed in this column are solely those of the author. Copyright © 2017, ABC Radio. All rights reserved.
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