Gold Prices Slide as Hawkish Fed and Strong Dollar Weigh on Bullion 
Oil Prices Slide as U.S.-Iran Deal and Hormuz Reopening Ease Supply Concerns 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Dollar Hits One-Month High as Hawkish Fed Outlook Boosts Greenback 
Japan Signals Readiness to Intervene as USD/JPY Nears 161 Amid Yen Weakness 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
Canada, British Columbia Launch $5 Billion Infrastructure Partnership to Boost Housing, Transit, and Healthcare 
Asian Stocks Rally as Japan and South Korea Reach Record Highs on US-Iran Peace Deal 
Italy’s Economy Outpaces Eurozone Peers as Investment Spending Fuels Growth 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Trump Questions USMCA Renewal as Trade Talks Continue 
US Stock Futures Recover as Iran Signals Progress in Peace Talks 
Europe EV Demand Surges as Fuel Prices Rise Amid Iran Conflict 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire 
U.S. consumers pushed online spending to new heights this Cyber Monday, generating more than $9.1 billion in sales by early evening, according to Adobe Analytics. The strong performance highlights how shoppers across income levels are navigating the 2024 holiday shopping season—wealthier consumers are splurging on big-ticket items, while budget-conscious households are strategically hunting for the steepest discounts.
Adobe, which analyzes over 1 trillion retail site visits, reported a 4.5% year-over-year increase in online spending by 6:30 p.m. ET (2330 GMT). With heavy traffic continuing into the night, the firm projects total Cyber Monday e-commerce sales to reach between $13.9 billion and $14.2 billion, marking a powerful finale to a busy Thanksgiving-to-Black-Friday shopping period.
Retailers across categories—including electronics, home goods, apparel, and toys—rolled out aggressive promotions to attract deal-seeking shoppers. Popular items such as smart TVs, laptops, gaming consoles, and home appliances saw some of the deepest price cuts of the season, contributing significantly to the surge in online cart activity. Many shoppers, especially those from lower-income households, leaned heavily on these limited-time discounts as inflation continues to shape purchasing behavior.
The rise in online spending also underscores the growing preference for digital shopping experiences. Convenience, wider product availability, and competitive pricing have made e-commerce a central driver of holiday sales growth. Analysts note that Cyber Monday remains a critical benchmark for retailers, often signaling consumer confidence ahead of the December shopping rush.
With U.S. shoppers demonstrating strong demand and retailers fine-tuning their digital strategies, this year’s Cyber Monday results reaffirm the enduring strength of online retail during the holiday season—and offer an optimistic outlook for the remainder of year-end sales.
