Consumers Spent $11.8 Billion Online on Black Friday

$11.8 billion

Despite wider economic uncertainty hovering above this year’s holiday season, shoppers turned out in big numbers for Black Friday — spending billions of dollars both in stores and online, reported CBS News. Adobe Analytics, which tracks e-commerce, said U.S. consumers spent a record $11.8 billion online Friday, marking a 9.1% jump from last year. It was a slight increase from the company’s spending estimate of $11.7 billion.

Twice as Many Americans Say Trump Has Raised Prices Than Lowered Them

49% to 24%

A new Yahoo/YouGov poll found that more Americans are unhappy with President Trump’s stances on the economy and cost of living, with almost twice as many (49%) saying the president has helped raise prices rather than lowering them (24%). The survey also found more Americans (38%) now blame Trump more for inflation than his predecessor, former President Joe Biden (31%).

Trump’s Brands Prove Toxic

-75%

“Stocks and cryptocurrencies linked to President Trump are in a deep slump, leaving some of the president’s biggest fans with steep losses,” the Wall Street Journal reports. “Shares of Trump Media & Technology Group, which operates the president’s Truth Social platform, have tumbled 75% since Trump’s inauguration. Digital “meme coins” named for Trump and first lady Melania Trump are down 86% and 99% since inauguration day, respectively. And one of the Trump family’s crypto ventures, a token called World Liberty Financial, has dropped roughly 40% since its September launch.”

Consumer Confidence Drops Precipitously

-7 points

Consumer confidence dropped by nearly 7 points in November, as Americans sour on the economy with the holiday season fast approaching, reports The Hill. The Consumer Confidence Index, calculated monthly by the Conference Board, fell from 95.5 in October to 88.7 this month. This marks the lowest consumer confidence rating since April, when it was 86. In November 2024, consumer confidence hit 111.7, its highest rating since July 2023.

GOP Focused on 20 Million Obamacare Users, not 165 Million Insurance Buyers


“Rising Obamacare premiums are a political problem for Republicans. Rising premiums for workers who get health insurance from their employers could be an even bigger one,” Politico reports.

“Republicans in Congress are focused on finding a way to counteract an expected 26 percent rise in premiums for people who buy insurance through the Affordable Care Act, without extending government subsidies that make insurance more affordable.”

“What the GOP isn’t talking about: Nearly seven times as many Americans get health insurance through an employer as those who buy it individually. Those 165 million people are expected to see their premiums spike by up to 7 percent.”