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Analysis of strong spending during Cyber Monday and Black Friday, potential IPO of Chinese e-commerce business Xi'an, trimming holdings in Microsoft, choosing between HSA and FSA, and practicing gratitude.
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- Consumer spending on Cyber Monday exceeded $12 billion, reflecting a positive US economy and consumer propensity to spend.
- Chinese fast fashion company Shein's potential IPO in 2024 raises concerns due to regulatory scrutiny and sustainability issues.
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Cyber Monday Spending Hits $12 Billion
According to Adobe analytics, consumers spent over $12 billion on Cyber Monday, up almost 10% from the previous year. The strong consumer spending on Cyber Monday is attributed to the positive state of the US economy, tight labor market, and the propensity of consumers to spend.
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