Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Airbus Faces Pressure After November Deliveries Dip Amid Industrial Setback 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
TikTok Shop, the e-commerce arm of the popular short-video platform, reported a significant surge in U.S. spending this holiday shopping season, capturing critical market share. Despite the potential threat of a ban, the platform has cemented its position as a formidable competitor to giants like Amazon and emerging rivals such as Shein and Temu.
TikTok Shop Surpasses Rivals
In its first full holiday season since launching in the U.S. in September 2023, TikTok Shop achieved impressive milestones. The platform announced $100 million in Black Friday sales, leveraging its vast user base of 170 million Americans. Although Reuters could not independently verify these figures, third-party data from Facteus suggests U.S. spending on TikTok Shop exceeded that on Shein and Temu in the week leading up to Cyber Monday.
Capitalizing on TikTok’s algorithm, which curates tailored content for users, the e-commerce platform enables merchants to promote products through ads and influencer partnerships. Marketing agency Hawke Media highlighted the platform’s success, with CEO Erik Huberman noting, “TikTok Shop is a new distribution channel and brands are doing really well on it.”
Challenges Loom as Ban Threatens Operations
While TikTok Shop flourishes, its parent company, ByteDance, faces mounting pressure from U.S. regulators. A federal appeals court recently upheld a law requiring ByteDance to divest TikTok in the U.S. by early 2025 or risk a ban.
Industry experts warn that a ban could significantly impact TikTok Shop’s growing e-commerce presence. Merchants and influencers would lose access to a lucrative platform that has proven successful in targeting younger consumers.
For shoppers like Jasmine Whaley, 31, of York, Pennsylvania, TikTok Shop offers a seamless experience with fast delivery and curated product recommendations. “It’s cracked the code,” she said, noting quicker delivery times than Amazon.
TikTok Shop also features “LIVE” shopping sessions, where users can purchase items directly during live-stream events. According to TikTok Shop’s U.S. Operations Head Nico Le Bourgeois, the number of live sessions has nearly tripled in the past year, signaling robust growth in this interactive sales channel.
