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New Yorkers line up streets to enjoy the annual Thanksgiving parade

The Xinhua reported that hundreds of thousands of New Yorkers lined up 2.5 miles of streets on Thursday morning to enjoy the pleasure and amusement brought by the annual Thanksgiving parade.
Macy's Thanksgiving Day Parade this year made a full return following a much shorter and mostly virtual one last year at the heights of the COVID-19 pandemic.
New Yorkers are facing a kind of new normal in their life amid continuous pandemic, inflation pressures and safety measures.
The parade featured 15 giant character balloons, 28 floats, 36 novelty and heritage inflatables, more than 800 clowns, ten marching bands and nine performance groups, a host of musical stars, and the one-and-only Santa Claus, according to an earlier release by Macy's.

Six new floats made their debut, including Birds of a Feather Stream Together by the streaming service Peacock, Celebration Gator by Louisiana Office of Tourism, Gravy Pirates by the Kraft Heinz Company, Magic Meets the Sea by Disney Cruise Line.
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The event was subject to tight security measures with a number of late spectators being kept one block away from the route of the parade.
Days ago, a vehicle plowed through a Christmas parade in suburban Milwaukee of Wisconsin, killing six people and injuring over 60.
U.S. President Joe Biden on Thursday called Al Roker, one of the hosts of the Macy's Thanksgiving parade, saying "My message is after two years, you're back, America's back."
Measures were still in place to contain risks from infections of the coronavirus as the 7-day average of new COVID-19 cases has been hovering around 90,000 in the United States.
Parade staffers and volunteers were required to be vaccinated against COVID-19 and wear masks, while some singers and performers could take their masks off.
Macy's and the New York City also encouraged spectators to cover their faces though there was no mandate for inoculation.
The Thanksgiving holiday also came at a time when Americans have been facing sticky inflation pressures.
Macy's, a household retail brand, is offering discounts to woo shoppers via both online and offline channels.
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Macy's could sometime pass higher costs of fashion apparels to customers and raise sales prices while it faces a "price ceiling" for commodity items such as basic T-shirts or denim jeans, according to Macy's Chief Executive Jeff Gennette.
Macy's has been running tests in the last three months to see which kinds of goods are sensitive to price changes and which ones could fetch higher prices without hurting sales much.
U.S. low-end retail brand Dollar Tree, Inc. on Tuesday announced that it would raise benchmark unit price to 1.25 U.S. dollars from 1 U.S. dollar at its stores all across the country following earlier pricing tests.
"Now, that's 125 cents. There's no more 99 cents. Everything is going up, all over the world," said a Brooklyn resident who only gave his name as Jose, who bought some plastic cups and gift bags from a Dollar Tree store along Hamilton Avenue in Brooklyn on Thursday afternoon.
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Jose said: "If you go to the supermarket and you pay 50 U.S. dollars or 75 U.S. dollars, you get nothing."
He said: "When you have a big family, like three or four kids, that's very hard."
According to Jose, the price of turkey has gone up from 1.29 dollars per pound last year to the current 1.89 dollars to 2.49 dollars.
Jose said his holiday wish is all of the family would be healthy. "We can work, we get the money."
Source: xinhua
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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