Shoppers spend billions on Black Fri.
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Cyber Monday could break spending records
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Delayed release aside, factors to bear in mind for September results included the continued potential for tariffs and uncertainty around inflation. Consumers also continue to pay off debts, and the nation’s back-to-school shopping was a major spend event that took up part of the month.
Holiday spending is hitting new records, but some data shows that people are buying fewer items amid higher prices.
2don MSN
Black Friday online spending hits record $11.8B as American shoppers embrace new AI technology
Shoppers embraced AI chatbots to compare prices and track deals this Black Friday, driving an unprecedented online sales growth of 9.1% compared with last year.
The top 10% of earners now account for roughly half of all consumer spending, according to a report by Moody’s Analytics. That’s a historic high.
Dec 1 (Reuters) - U.S. shoppers are expected to spend $14.2 billion on Cyber Monday, a report from Adobe Analytics predicted, as budget-strained consumers lap up online discounts.
Economists predicted a global shock from President Trump’s tariffs, but some of them are now revising their global growth predictions upward.
Taiwan Semiconductor is in a great position to benefit from the rising sales of every top chipmaker in the AI race.