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Shoppers are expected to spend nearly $12 billion on deals during Cyber Monday, the online retail answer to Black Friday.

Stock futures slide as China protests rattle markets; Week Ahead: Jobs, inflation, Powell in focus; Apple extends slide as China iPhone hub hit by more disruption; Fox retreats as major shareholder pushes back on News Corp tie-up and Cyber Monday sales set to top $11 billion.

In a good sign for retailers, shoppers spent a record $9.12 billion online during Black Friday, according to Adobe Analytics.

Profit margins are expected to be tight for retailers offering deeper discounts to attract budget-conscious consumers and clear out their bloated inventories

Shoppers are expected to spend nearly $12 billion on deals during Cyber Monday, the online retail answer to Black Friday.

Shoppers are expected to spend nearly $12 billion on deals during Cyber Monday, the online retail answer to Black Friday.

Shoppers are expected to spend nearly $12 billion on deals during Cyber Monday, the online retail answer to Black Friday.

Consumers are hopping online to find more discounts on gifts that have increased in price due to inflation. The popular online shopping day is projected to rake in more than $11 billion in sales.

Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on gifts and other items that have ballooned in price because of high inflation.

Shoppers are expected to spend nearly $12 billion on deals during Cyber Monday, the online retail answer to Black Friday.