Phil Wahba joined Reuters in 2008 and has covered the exchanges, equity capital markets (IPOs), corporate bankruptcies and now covers retailers such as department stores and booksellers
A drop under $3 per gallon probably isn't enough to offset the rising cost of food.
The retailers are offering deeper and longer discounts this coming Black Friday, fighting to win a holiday neither can afford to lose.
The U.S. Postal Service will offer seven-day delivery this holiday season as it seeks to capitalize on e-commerce's growth and compete against UPS and FedEx.
The book seller says sales of its color tablets are down more than 30 percent.