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China on Monday accused U.S. chipmaker Nvidia of violating its anti-monopoly law, a move likely to escalate already-tense trade relations between the two countries as President-elect Donald Trump prepares to take office for a second time. China's state market regulatory arm said the probe is related to Nvidia's 2019 acquisition of Mellanox, a global supplier of computer networking equipment. The U.S. and France have also opened investigations related to Nvidia's market dominance, though on different grounds. Trump has promised to levy stiff tariffs on China when he takes office. He recently picked former Georgia Sen. David Perdue, whom a Chinese think tank has accused of being "anti-China," for U.S. ambassador to China.

Persons: Donald Trump, ”, Trump, Georgia Sen, David Perdue, Peter Navarro Organizations: Monday, Nvidia, Biden, U.S Locations: China, U.S, France, Santa Clara

☆ The $13 billion Omnicom-IPG megamerger reflects a new era as Big Tech and AI upend the ad industry
▼ + stars: | 2024-12-09 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +8 min

Omnicom and Interpublic Group plan a $13.25 billion merger that would create the world's largest ad-agency company. Industry insiders say the deal reflects an ad sector under threat from Big Tech and AI. Being big matters as the industry wrestles with disruption from the might of Big Tech players and the advent of artificial intelligence. The $13.25 billion all-stock deal would merge Omnicom's creative and media-buying agencies, such as BBDO and Omnicom Media Group, with IPG's McCann Worldgroup and Mediabrands. The research firm Forrester said last year that the rise of automation could lead to the loss of 33,000 jobs within ad agencies by 2030.

Persons: IPG's McCann Worldgroup, Marcel, Publicis, Simon Nicholls, Martin Sorrell, Omnicom, hasn't, Laura Desmond, Philippe Krakowsky, Wren, Sorrell, John Wren's, Forrester, Simon Francis, Francis, creatives, John Wren, Publicis Groupe's, Maurice Levy, Spencer Platt, it's, Greg Paull, Kennedy Organizations: Industry, Big Tech, Interpublic, Wall Street Journal, Omnicom Media, Groupe, Analysts, WPP, Capital, Adobe, General Motors, Pfizer, Microsoft, Omnicom, Flock Associates, Getty, Publicis Groupe

☆ Here are Monday's biggest analyst calls: Nvidia, Tesla, Rivian, AMD, Broadcom, Charles Schwab, PayPal & more
▼ + stars: | 2024-12-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +10 min

Here are Monday's biggest calls on Wall Street: Bank of America downgrades Advanced Micro Devices to neutral from buy Bank of America said it's concerned about market share gain potential slowing. Deutsche Bank initiates First Citizens as buy Deutsche Bank said it has a favorable long term view of the commercial banking company. Bank of America upgrades PayPal to buy from neutral The firm said the stock is a turnaround story. Bank of America downgrades Capital One to neutral from buy Bank of America said the Trump trade has played out for Capital One. Bank of America upgrades TaskUs to buy from neutral Bank of America said the outsourcing company is "best in class."

Persons: it's, Morgan Stanley, Goldman Sachs, Goldman, it's bullish, Robinson, Wells, Bernstein, JD …, Jefferies, McCormick, Biogen, Morgan, director's, JEF, OW, TD Cowen, Blackstone, Charles Schwab, Robinhood, Schwab, HOOD, Trump, SOFI, Truist, Tesla, Deutsche, Roth Organizations: Bank of America, Devices, AMD, Holdings, UBS, ELAN, Deutsche Bank, Citizens, First Citizens, JPMorgan, Broadcom, VMWare, Citi, Morgan Stanley downgrades Bank of America, Morgan Stanley, Bank, New York Mellon, Cap Bank, Blackstone, Barclays, " Bank of America, PayPal, Capital, COF, of America, Newell Brands, Nokia, Telecom Locations: China, C.H, Real, robotaxi

☆ China is probing Nvidia in a major escalation of its chip war with the US
▼ + stars: | 2024-12-09 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

The probe serves as the latest escalation of a growing battle for AI dominance, which both the United States and China believe is crucial for national security. The memory chips are different than the graphics processors Nvidia makes, but they are also crucial technology that helps power AI. The administration’s new export controls are the third such round of chip sales restrictions to China. But China’s Commerce Ministry lambasted the United States’ restrictions, saying they pose “a significant threat” to the stability of global supply chains. Nvidia is also under antitrust scrutiny in the United States, according to Bloomberg.

Persons: Biden Organizations: CNN, Nvidia, China Central Television, Apple, US Commerce Department, Ministry, United, Senior, Bloomberg, Intel Locations: China, United States, Beijing

☆ Nvidia shares drop as China opens antimonopoly probe into US chip giant
▼ + stars: | 2024-12-09 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +1 min

China's top antimonopoly regulator is investigating Nvidia. China Central Television reported that Nvidia is being probed over violations of antimonopoly laws. AdvertisementChina's top antimonopoly regulator has launched an investigation into Nvidia, sending its shares down by 2.2% in premarket trading. The State Administration for Market Regulation is probing the chipmaker giant over potential violations of antimonopoly regulations, the watchdog announced Monday. The ministry said the measures were in response to fresh US chip export bans, which were also announced last week.

Organizations: Nvidia, China Central Television, Administration, Technologies, China's Ministry of Commerce, The, of Justice Locations: China, Santa Clara

☆ Ant Group gets new CEO as billionaire founder Jack Ma talks up AI in rare appearance
▼ + stars: | 2024-12-09 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

Jack Ma, founder of Alibaba Group, speaks during 2020 China Green Companies Summit on September 29, 2020 in Haikou, Hainan Province of China. Ant Group, which runs the massive payments app Alipay, is one of China's biggest technology firms. The management changes were announced as part of the company's twentieth anniversary celebrations which also featured a speech from Alibaba and Ant Group founder Jack Ma. It's a rare public appearance from Ma who was impacted by the Chinese government's regulatory tightening of the domestic tech sector. Since then, Ant Group has been overhauling its business to be compliant with regulators.

Persons: Jack Ma, Cyril Han, Han, Eric Jing, Jing, Ma, Ant Organizations: Alibaba, China Green Companies Summit, Ant Group, CNBC, Mar, Ant Locations: China, Haikou, Hainan Province

☆ Omnicom takeover of Interpublic to create the world's biggest advertising group
▼ + stars: | 2024-12-09 | by ( Chris Johnston | ) www.businessinsider.com time to read: +2 min

Omnicom is taking over the Interpublic group to create the world's largest advertising business. John Wren will remain CEO of Omnicom, while his counterpart Philippe Krakowsky will be Interpublic's COO. AdvertisementOmnicom is taking over the Interpublic group in a deal expected to create the world's biggest advertising and marketing business. Omnicom shareholders will own 60.6% of the combined group. AdvertisementWren will remain CEO of Omnicom, while Krakowsky and Daryl Simm will be copresidents and COOs of Omnicom.

Persons: Omnicom, John Wren, Philippe Krakowsky, Interpublic, Daryl Simm Organizations: WPP, France's Locations: London, COOs, Omnicom

☆ I compared store-bought cinnamon rolls, and the best brand almost tasted like a croissant
▼ + stars: | 2024-12-08 | by ( Erin Mcdowell | ) www.businessinsider.com time to read: +1 min

I tried cinnamon rolls from Pillsbury, Immaculate Baking Company, Annie's, and Amazon. The comforting aroma of cinnamon rolls is more than nostalgic — it's also a major business driver, especially during the holiday season when sales of seasonal products like store-bought cinnamon rolls rise. Even Amazon, which has its own e-commerce grocery brand, has joined the competition with its own line of cinnamon rolls. I tried five different kinds of store-bought, canned cinnamon rolls from Pillsbury's, Immaculate Baking Company, Annie's Organic, and Amazon to see which brand had the best-canned cinnamon rolls. Here's how the store-bought cinnamon rolls ranked, from worst to best.

Persons: Pillsbury Organizations: Pillsbury, Immaculate Baking, Immaculate Baking Company

☆ Biden launched a US chipmaking boom. The jobs boost will come under Trump.
▼ + stars: | 2024-12-08 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +6 min

Hiring for roles in semiconductor manufacturing could come under the Trump administration. AdvertisementThe Biden administration's efforts to boost US semiconductor manufacturing and employment could bear fruit during the Trump administration. When reached for comment, the Trump-Vance transition team didn't respond to a question about Trump's plans to boost US semiconductor manufacturing employment. Samsung is projecting that it will begin chip production at its chip factory in Taylor, Texas in 2026. Advertisement"The point is to have more chip manufacturing, which will mostly come over the next few years," he said.

Persons: Trump, Biden, Donald Trump, Jeff Koch, SemiAnalysis, Koch, Stephen Ezell, Joe Biden, Jimmy Goodrich, Vance, TSMC, Clay, Chris Miller Organizations: Biden, Intel, Samsung, Micron, SK Hynix —, Information Technology, Innovation Foundation, Trump —, Semiconductor Industry Association —, RAND Corporation, SK Hynix, Trump, Apple, Phoenix, Reuters, Commerce Department, American Enterprise Institute Locations: Taiwan, Boise , Idaho, Clay , New York, Boise, The Boise, South Korea, West Lafayette , Indiana, Taylor , Texas

☆ Here are 4 things we’re watching in the stock market in the week ahead
▼ + stars: | 2024-12-08 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

Technology stocks stood tall in the first week of December trading, helping the S & P 500 and Nasdaq Composite finish Friday's session at record closing highs. The S & P 500 closed nearly 1% higher. .IXIC .SPX 1M mountain The Nasdaq Composite versus the S & P 500 over the past month. Salesforce and Broadcom contributed to the S & P 500's technology sector being one of three to finish the week in positive territory, adding 3.4%. The remaining eight sectors in the S & P 500 ended the week lower, led to the downside by energy, utilities, and materials.

Persons: Brian Thompson, Dow Jones, —, Salesforce, Apple, we'll, they'll, Jerome Powell's, LSEG, we're, We're, Morgan Stanley, OLLI, Buster's, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Nasdaq, Dow Jones, UnitedHealth, Dow, Federal, Commerce, Broadcom, Bloomberg, Apple, Tech, Tesla, Amazon, Netflix, Club, PPI, Costco, VMWare, Toll, Casey's, Academy Sports, Brands, GameStop, CNBC, Getty Locations: New York City, U.S, Wells, New York

☆ Insider Today: Bernie talks Elon, RFK Jr.
▼ + stars: | 2024-12-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

You can sign up for Business Insider's daily newsletter here. Business Insider's Mia de Graaf recently got the chance to sit down with Sen. Bernie Sanders to discuss the incoming administration. Adobe's data showed $10.8 billion in Black Friday e-commerce sales, while Cyber Monday hit $13.3 billion, new records for both days. Khosla Ventures; Salesforce Ventures; Menlo Ventures; 500 Global; Business InsiderBI asked readers and top venture capitalists to name the promising young VCs in their networks. This year's investors come from a wide array of backgrounds and a range of different roles.

Persons: Mia de Graaf, Sen, Bernie Sanders, Elon Musk, Robert F, Kennedy Jr, Jenny Chang, Rodriguez, That's, Jon Chu, Caroline Fiegel, Deedy Das, Iris Sun, Shrestha, BI Brothers Roy, Ryan Seiders, iStock, Rebecca Zisser, boomers, they're, — Mark Andrews Organizations: Business, Adobe, Khosla Ventures, Salesforce Ventures, Menlo Ventures, BI Brothers, Homeowners, that's

☆ Trump is stacking his White House roster with uber-rich backers
▼ + stars: | 2024-12-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

The richest by far is Elon Musk, whom Trump has tapped to co-lead a bespoke advisory group tasked with slashing purported government waste. The nonprofit Americans for Tax Fairness last month estimated that the average net worth among Trump, Vice President-elect JD Vance and his top appointees is $616 million. For comparison, Forbes estimated the total net worth of President Joe Biden's entire Cabinet at $118 million. The same day, he chose billionaire CEO Jared Isaacman to head NASA. Trump also has picked billionaire Massad Boulos, the father-in-law of Trump's daughter Tiffany, as a top Middle East advisor.

Persons: Donald Trump, Elon Musk, Donald Trump's, elect's, Trump, Vivek Ramaswamy, Musk, JD Vance, Joe Biden's, Warren Stephens, Stephen Feinberg, David Sacks, Kelly Loeffler, Jared Isaacman, Charles Kushner, Trump's, Jared Kushner, Howard Lutnick, Linda McMahon, Scott Bessent, Massad Boulos, Tiffany, Mehmet Oz, Oz, Sen, John Fetterman Organizations: SpaceX, Republican, Elon, Government, Forbes, Trump, Capitol, Small Business Administration, NASA, Commerce, WWE, Education, Medicare, Medicaid Services, New York Times, U.S, Senate Locations: Brownsville , Texas, U.S, France, Pennsylvania

☆ The Salt Typhoon telecom hack targeted senior American political figures, the White House says
▼ + stars: | 2024-12-08 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

The Salt Typhoon hack is one of the largest attacks on US telecommunications ever, officials say. Senate Intelligence Committee Chairman Mark Warner told The Washington Post that the hack is the "worst telecom hack in our nation's history by far." Senior White House officials on the call said the hack has been ongoing for "likely one to two years." She added that the White House "has made it a priority for the federal government to do everything it can to get to the bottom of this." Neuberger said that White House leaders are meeting three times a week to discuss the hack.

Persons: Anne Neuberger, Mark Warner, Warner, Neuberger, Biden Organizations: Verizon, NSA, Microsoft, White House, Congressional Research Office, Lumen Technologies, NBC, Senate, Washington Post, New York Times, Justice Department, FBI, White Locations: China

Let us show you everything you need to know about where to watch a free Abu Dhabi F1 live stream wherever you are in the world. As also detailed in our season-long free F1 live stream guide, we can help you watch every race this season via similar options to today's. How to watch free Abu Dhabi F1 live streams with a VPNSign up for a VPN if you don't have one. How to watch Abu Dhabi F1 live stream in the USESPN and ESPN+ are both covering the Abu Dhabi Grand Prix. Check price at FuboHow to watch Abu Dhabi F1 live stream in the UKWant a free option?

Persons: we've, Norris, Piastri, Leclerc, Sainz, you'll, Abu, ExpressVPN, it's, FuboTV, There's Organizations: Business, McLaren, Ferrari, Abu, Abu Dhabi, RTL, Abu Dhabi F1, ESPN, Grand Prix, DirecTV, MLB, NHL, NFL, UFC, Hulu, Disney Plus, ESPN Sling, DirecTV Stream, Sky Sports, Sky, Premier League Locations: Abu Dhabi, ORF1, Austria, Belgium, Luxembourg, Abu, Grand, TV's

☆ Is Red No. 3, the artificial food dye, safe? FDA may finally move to ban it
▼ + stars: | 2024-12-07 | by ( Kaitlin Sullivan | Kaitlin Sullivan Is A Contributor For Nbcnews.Com Who Has Worked With Nbc News Investigations. She Reports On Health | Science | ) www.nbcnews.com time to read: +12 min

The Food and Drug Administration may finally move to ban artificial red food dye, the coloring found in beverages, snacks, cereals and candies. This means that thousands of products that contain this chemical can remain on the market.”Robert F. Kennedy Jr., President-elect Donald Trump’s pick for health secretary, has claimed food dyes cause cancer, but has not said what he would do if confirmed to the Cabinet post — if anything — about artificial food dyes in American food. The European Union requires a warning label on products that contain three artificial food dyes approved in the U.S.:Yellow No. “All the colors listed have recently undergone assessments for safety in food by the JECFA and were found to be safe for use in food under current use conditions.”States already banning the artificial food dyesStates are already putting pressure on manufacturers to remove artificial dyes from food and beverages. The law will ban six of the nine FDA-approved artificial food dyes –– Red No.

Persons: Jim Jones, it’s, ”, Frank Pallone Jr, ” Pallone, Robert F, Kennedy Jr, Donald Trump’s, ” Kennedy, Delaney, ” FDA’s Jones, Thomas Galligan, ” Galligan, “, Mande, Jennifer Pomeranz, Jones, Kraft, Nestlé, Galligan Organizations: Drug Administration, Health, Education, Labor, House Energy, FDA, NBC News, United, European Union, Harvard, of Public Health, Agriculture Department, Center for Science, U.S ., Food Safety Authority, Environmental Health, National Institutes of, New York University School of Global Public Health, U.S, Joint Food and Agriculture Organization, United Nations, World Health, JECFA, California School Food Safety, New, for Science Locations: United States, U.S, Chan, California, Europe, Illinois, New York

☆ Insuring deliveries against porch pirates requires some surprisingly tricky math, but one founder says he's figured it out
▼ + stars: | 2024-12-07 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

More than 58 million Americans have had packages stolen in the past year, per a recent survey. PorchPals founder James Moore explains the surprisingly tricky math needed to solve the problem. Moore told BI that PorchPals used three separate actuarial teams working independently on the problem to reach a comparable risk profile. AdvertisementOf course, some households experience multiple thefts, and PorchPals estimates the number of stolen packages at around 119 million last year. "In porch theft it's different.

Persons: PorchPals, James Moore, Moore, Lockton, It's Organizations: Actuarial Resources, PorchPal's underwriters, Lloyds, London's, Syndicate Locations: California

☆ What's next for Meta's metaverse
▼ + stars: | 2024-12-07 | by ( Devan Burris | ) www.cnbc.com time to read: +2 min

Facebook changed its name to Meta and Zuckerberg set his sights on a new horizon, the metaverse. "The company Facebook wanted to make clear that it was more than just that one social website." While the term metaverse predates Facebook, Zuckerberg's metaverse ambitions have existed inside Meta since 2014, when Facebook bought virtual reality headset developer Oculus and launched Reality Labs. "We've had a lot of false dawns in virtual reality in the past." In December 2021, Horizon Worlds launched in the U.S. and marked Meta's entrance into the open world virtual reality platform space.

Persons: Mark Zuckerberg, Zuckerberg, Leo Gebbie, Zuckerberg's, We've, CNBC's Jim Cramer, It's, Meta, —, Jonathan Vanian Organizations: Facebook, Meta, CCS, Reality Labs, Wall Street, Google, Labs, Ray Locations: Meta, U.S

☆ Bank of America says these stocks are 'firing on all cylinders' so buy them now
▼ + stars: | 2024-12-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +4 min

There's a bunch of buy-rated stocks that have plenty more room to run, according to Bank of America. The stock is and Poonawala also raised his price target on the stock to "Time to revisit Citi," he said succinctly. Meanwhile, Booz shares are "Firing on all cylinders: civil, intel, defense," she went on to say. Affirm Affirm's "fundamentals firing on all cylinders," the firm wrote of the fintech payment platform. Growth businesses are firing on all cylinders.

Persons: Booz Allen Hamilton, Ebrahim Poonawala, Trump's, Poonawala, Trump, Mariana Perez Mora, Booz, Perez Mora, investor's, BAH, Jason Kupferberg, BNPL, Kupferberg, ServiceNow Organizations: Bank of America, Citigroup, Booz, Citi, intel, Booz Allen, Tech Locations: U.S

☆ Here are Friday's biggest analyst calls: Nvidia, Apple, Broadcom, Shopify, Molson Coors, Tesla, Amazon, Robinhood & more
▼ + stars: | 2024-12-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +7 min

Here are the biggest calls on Wall Street on Friday: Goldman Sachs upgrades Robinhood to buy from neutral Goldman says Robinhood has "best in class earnings growth." UBS upgrades Kingsoft Cloud to buy from neutral UBS says growth is poised to accelerate from the cloud computing solutions company. UBS initiates Glaukos as buy UBS says the opthalmic disease company has upside potential. UBS upgrades Peloton to neutral from sell UBS said in its upgrade of the stock that it likes the company's new CEO. Bank of America upgrades Altria to buy from neutral Bank of America says the tobacco company is a Trump beneficiary.

Persons: Goldman Sachs, Goldman, Robinhood, Jefferies, Deere, RSG, KC's, KeyBanc, Needham, Jones Lang Lasalle, it's bullish, Guggenheim, Tesla, TD Cowen, Cowen, CLH, Raymond James, Abercrombie, Trump, LY Organizations: Deere, BMO, Republic Services, UBS, Goldman, Accenture, Apple, Nasdaq, Constellation Brands, Beverage, Weyerhaeuser, WY, Bank of America, Jefferies, Caterpillar, Deutsche Bank, Marvell, Broadcom, Nvidia, Fitch, Abercrombie & Fitch, JPMorgan, PT, of America, " Bank of America, Molson Coors, TAP, underperform Bank of America Locations: CN, Canada

☆ Loop Capital upgrades Shopify, says investors underappreciate the e-commerce giant's AI capabilities
▼ + stars: | 2024-12-06 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Shopify could surge thanks to its use of artificial intelligence for merchants, according to Loop Capital. The firm upgraded the e-commerce stock to buy from hold in a Friday note and raised its price target to $140 from $110. SHOP YTD mountain Shopify stock. The company employs a suite of products housed in what it calls Shopify Magic, which was first introduced in 2023. Nearly 30 analysts covering the stock have a buy or strong buy rating on it, according to LSEG.

Persons: Anthony Chukumba, Chukumba, Shopify

For me, the answer has always — or at least for the last five years — been Uniqlo’s Colorful 50 Socks. SKIP AHEAD What are Uniqlo’s Colorful 50 Socks? | How I wear Uniqlo’s colorful 50 Socks | Why I love Uniqlo’s Colorful 50 Socks | The bottom line | Why trust NBC Select? Durable after many wears and washesUniqlo’s Colorful 50 Socks have a secure and flexible band that isn’t super tight or uncomfortable. For this article, I wrote about Uniqlo’s Colorful 50 Socks, which I’ve worn daily for the past five years.

Persons: —, I’m, They’re, Cory Fernandez, Cory Fernandez Uniqlo’s, I’ve, they’ve, TikTok Organizations: NBC, Adidas, Home, Facebook, Twitter Locations: Uniqlo

Dollar General is testing same-day delivery to customers’ homes as the deep discounter tries to fend off fiercer competition with Walmart. On an earnings call Thursday, Dollar General CEO Todd Vasos said the retailer “soft launched” the delivery program in September. Now it offers same-day delivery at about 75 stores, he said. Yet over the past year, Dollar General has felt the pinch from both economic challenges and its own strategy. But the option is still available at only a tiny fraction of Dollar General’s stores.

Persons: Todd Vasos, “ We’ve, ‘ We’re, ” Vasos, “, ”, Vasos, Goldman Sachs Organizations: Walmart, Amazon, Goldman Locations: Tennessee, U.S, Bentonville, Arkansas

In a post early Thursday on his Truth Social platform, Trump wrote: "CONGRATULATIONS BITCOINERS!!! Cryptocurrency advocates are not pushing back on the idea that Trump deserves some credit for the latest price rally. Up only," wrote David Bailey, CEO of Bitcoin Magazine and the Bitcoin Conference, in a post on X. "It’s impossible to express the magnitude of the shift we’re likely to see at an SEC run by Paul Atkins," wrote Jake Chervinsky, chief legal officer for financial technology group Variant. “We will have regulations, but from now on the rules will be written by people who love your industry, not hate your industry,” Trump said at the time.

Persons: Donald Trump, Trump, David Bailey, Trump's, Paul Atkins, Atkins, ” Atkins, Gary Gensler, Jake Chervinsky, Crypto, Scott Bessent, “ Crypto, Bessent, ” Forbes, J.D, Vance, Robert F, Kennedy Jr, Howard Lutnick, “, ” Trump Organizations: Bitcoin Magazine, Bitcoin Conference, Securities and Exchange Commission, Patomak Global Partners, Chamber of Digital Commerce, Alliance, SEC, Fox, Forbes, Health, Human Services, Commerce Locations: November's, America, Nashville

Another year, another sales record: Retailers again saw purchases hit new heights over Thanksgiving weekend, even as shoppers remain cautious about where and when to spend. In-store and digital retail sales tracked by MasterCard rose 3.4% on Black Friday since last year, with e-commerce purchases surging 14.6%. In fact, online prices were 3% lower during the Thanksgiving sales period than last year, he said. That indicates many consumers are shelling out beyond what it takes just to keep up with price increases. Black Friday is all about deals, but consumers have been more receptive to deals all year.

Persons: ”, Neil Saunders, ” Saunders, Adam Gray, there’s, Vivek Pandya, “, Pandya, Jessica Moulton, GlobalData, Hayley Berg, Hopper Organizations: Adobe Analytics, MasterCard, Getty, Adobe Digital, National Retail Federation, McKinsey, CNBC Locations: AFP, U.S

☆ Influencers and other affiliate marketers have become an increasingly important part of Cyber Monday
▼ + stars: | 2024-12-05 | by ( Dan Whateley | ) www.businessinsider.com time to read: +3 min

Posts with affiliate links were six times as likely to lead to a sale as other social content was. Social-media influencers and other content makers that recommend products via affiliate links helped drive about 20% of US e-commerce revenue on Cyber Monday, according to new data from Adobe Analytics. Affiliate marketing has become an increasingly important tactic for driving e-commerce sales as more consumers, and young shoppers in particular, turn to bloggers and other digital creators to decide what to buy. Companies like Amazon, Walmart, and LTK have spent years building affiliate programs to compensate creators who drive sales. LTK said its creators drive billions in retail sales annually.

Persons: Taylor Schreiner, Schreiner, LTK, Amber Venz Organizations: US, Adobe Analytics, Adobe Digital, Amazon, Walmart, Adobe

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