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Monday, 28 November 2022

The Daily Money: Cyber Monday expected to hit record sales this year

Adobe Analytics expects Cyber Monday sales up 5.1% over last year at $11.2 billion. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Monday, November 28

Happy Monday, Daily Money readers. Hope everyone had a nice, relaxing holiday weekend.

Was yours spent online shopping? If so, you're not alone. A new report from Adobe Analytics found consumers spent a record $9.12 billion online shopping on Black Friday. That's an increase of 2.3% over a year ago, despite concerns about higher prices or a recession.

The report showed that many shoppers took advantage of smartphone sales, with nearly half (48%) of online sales made over the device, up from 44% last year. More shoppers are also taking advantage of buy now, pay later services; orders from Nov. 19-25 were up 78% compared to the previous week. 

Cyber Monday is also expected to set records, with Adobe Analytics expecting sales up 5.1% over last year at $11.2 billion.  

Speaking of Cyber Monday …

Our product experts at Reviewed have rounded up the top Cyber Monday deals of 2022. The team broke down the best deals in tech, fitness, fashion, furniture and more. 

Whether you're interested in saving $50 on a new pair of AirPods or $344 on a coffee table, Reviewed has you covered. 

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Frontier Airlines cuts the cord on customer service by phone

ETFs vs. mutual funds: What's the difference? How to choose which to buy.

What cars are being discontinued in 2023? Honda, Toyota and Chevrolet are all axing models

Cruise lines dropped COVID protocols. How did that impact cases on ships? We got the numbers.

🍔 Today's Menu 🍔 

Not lobster. 

Whole Foods said it will stop selling lobster from the Gulf of Maine at hundreds of its stores, citing concerns about risks to rare North Atlantic right whales from fishing gear. The decision drew criticism in Maine, which is home to the country's largest lobster fishing industry.

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: How decisions by the Federal Reserve, government and companies impact you.

You can follow USA TODAY reporter Bailey Schulz on Twitter @bailey_schulz and subscribe to our free Daily Money newsletter here for personal finance tips and business news every Monday through Friday.

Black Friday shoppers wearing face masks carry bags at the Citadel Outlets in Commerce, Calif., Friday, Nov. 26, 2021. The National Retail Federation, the nation's largest retail trade group, expects that holiday sales growth this year will slow to a range of 6% to 8%, compared to 13.5% a year ago. The trade group said Thursday, Nov. 3, 2022,  that it predicts that sales for the November and December period will grow to between $942.6 billion to $960.4   billion.
New Black Friday online spending record set: $9.12 billion, report...
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Friday, 25 November 2022

The Daily Money: Black Friday deals may matter even more amid inflation

Black Friday and Cyber Monday bookend one of the year's busiest shopping periods, and those discounts may matter even more amid inflation. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 
usatoday.com

The Daily Money
 
Friday, November 25

The leftovers are in the fridge and bets on the Vikings vs. the Patriots have been won and lost, so onward! It's Charisse Jones with The Daily Money headlines to get you through the holiday weekend.

Black Friday and Cyber Monday bookend one of the busiest shopping periods of the year, and those discounts may matter even more this holiday season as shoppers grapple with inflation. 

The U.S. economy is still adding jobs. But with food, gas, and rent costing more than last year, more and more shoppers are turning to savings, credit cards, and "buy now, pay later'' options to tick off the items on their shopping lists.

The ultimate guide to the best Black Friday deals

USA TODAY's Reviewed product experts have got you covered as you look for the best Black Friday deals. They're live-tracking the best sales, and so far shoppers wanting a kitchen gadget, new mattress or piece of tech will likely score the best bargains. 

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Small Business Saturday is here. Shoppers may find a good deal at smaller businesses this weekend. While those shops can't always compete price-wise with their big box peers, they can be a good go-to for a unique shopping experience and that special toy that will stand out under the tree.   

Better later than never to start saving for retirement. If you're in your 40's or 50's and haven't started saving for the years you'll no longer work, there are steps you can take to sock some money away.  

Will I get the blue, the gold or the gray? Twitter's new owner Elon Musk says the social media platform is planning to launch a new set of verified checks next week whose colors will vary depending on whether the account belongs to a business, government or person.

Shop Black Friday like a pro. If you're hitting an actual store for the annual shopping marathon, here are some tips to make it through. 

About The Daily Money

Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TL;DR version: how decisions by the Federal Reserve, government and companies impact you.

Follow Charisse Jones on Twitter: @charissejones.

Shoppers exit a Claire's accessories store advertising sales ahead of Black Friday and the Thanksgiving holiday, Monday, Nov. 21, 2022, in Miami. Retailers are ushering in the start of the holiday shopping season on the day after Thanksgiving, preparing for the biggest crowds since 2019. (AP Photo/Rebecca Blackwell)
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