Oil Prices Surge as U.S.-Iran Conflict Escalates and Strait of Hormuz Risks Grow 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Gold Price Holds Near $4,000 as Middle East Tensions and Fed Rate Hike Bets Grow 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Dollar Holds Steady Ahead of U.S. CPI as Oil Surge, Middle East Tensions Keep Markets on Edge 
Gold Prices Slip as Oil Rally Fuels Inflation Fears, Strengthens Dollar 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
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.
