Yahoo Finance Morning Brief: Online shopping surges ahead of Black Friday
Friday, November 23, 2018
Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe
What to watch today
Some investors and traders will return from Thanksgiving and to the market for an abbreviated trading session that’ll see U.S. equity markets close at 1:00 p.m. EST. Although it’s not a great indicator of overall holiday season shopping trends, Black Friday sales updates will be watched by many.
Top news
Online shopping surges on Thanksgiving: A very merry holiday shopping season could be in store for many retailers if early data and observations are any indication. On Thanksgiving, $1.75 billion was spent online as of 5 p.m., up 28.6% from the prior year according to Adobe Analytics. Online sales are seen surpassing $3.7 billion on the day, a new record, and up 29% from last year. [Yahoo Finance]
Yahoo Finance’s Black Friday coverage:
Walmart shoppers have a ‘spring in their step’ this Black Friday, U.S. CEO says
The best Black Friday tech deals at Best Buy, Target and Walmart
Draft Brexit deal ‘agreed’: Britain and the European Union have agreed on a draft deal on their future relationship, marking a significant step towards finalizing an overall Brexit deal this weekend. UK Prime Minister Theresa May presented her plans to members of parliament on Thursday, saying Brexit is “within our grasp.” [Yahoo Finance UK]
Washington asks allies to drop Huawei: The U.S. government has initiated an extraordinary outreach campaign to foreign allies, trying to persuade wireless and internet providers in these countries to avoid telecommunications equipment from China’s Huawei Technologies Co., according to people familiar with the situation. [The Wall Street Journal]
Oil prices hit 2018 low: Oil prices fell on Friday to their lowest this year, on course for their biggest one-month decline since late 2014 when OPEC opted to pump as much crude as it could to gain market share and sent prices on a near-unbroken two-year slide. [Reuters]
More from Yahoo Finance
Trump’s tax-cut party is officially over
What higher interest rates may mean for companies in 2019
Goldman Sachs continues to face fallout from 1MDB scandal
Dolce & Gabbana faces backlash in China over ‘racist’ ads and remarks on Instagram
Confessions of a mortgage underwriter
—
The Morning Brief provides a quick rundown on what to watch in the markets, top news stories, and the best of Yahoo Finance Originals.
