Page 43 - Adobe Analytics News Today

With credit card debt at record highs and more and more (young) consumers falling behind on their credit card payments, Buy Now, Pay Later (BNPL) services

Deep discounts on everything from beauty products and toys to electronics have enticed U.S. shoppers to splurge on Christmas purchases and ring in a record…

Markets are down 10 basis points as November draws to a close. Investors are reacting strongly to three reports. The first data point is an earnings report. Micron (MU), a memory chip supplier, dropped by 4.41% after posting quarterly results and ...

Consumers have found some relief from inflation but face high borrowing costs.

"Markets are taking a breather to digest these gains weve seen in November," said Tom Hainlin, national investment strategist at U.S. Bank Wealth Management in Minneapolis. "Were at the higher end of a trading range weve been in for some time."

So far, the 2023 holiday shopping season is off to a big start, although the Black Friday sales looked different than years past.

According to Adobe Analytics, Americans are expected to spend $782 million using the flexible spending option on Cyber Monday alone - up 18.8 percent from last year.

This is the script of CNBC's news report for China's CCTV on November 27, 2023.

Retailers offered massive discounts to boost sales by attracting customers

Online shoppers who took advantage of Black Friday spent enough with retailers to set a new record this year, according to Adobe Analytics.