US Asset Managers Hit M&A Spending Record
US asset managers have set a new record for M&A spending, highlighting increased activity and investment in the financial sector.
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Cyber Monday Set to Break Records with $12 Billion in Sales
Preliminary estimates from Adobe Digital Insights project that U.S. shoppers will spend a record-breaking $12 billion-$12.4 billion on Cyber Monday, with a significant portion of spending expected to occur between 6 p.m. and 11 p.m. EST. Retailers have been successful in enticing shoppers with push notifications and discounted products, resulting in $8.3 billion spent online as of 6 p.m. EST. However, caution has been raised by some firms regarding the strength of the consumer, citing higher interest rates and depleting household savings. Despite this, experts anticipate continued spending and expect profit margins to be depressed due to increased discounting.
The Resurgence of American Manufacturing: A Weekly Update.
Construction spending related to manufacturing reached a record high of $108 billion in 2022, according to Census Bureau data, surpassing spending on schools, healthcare centers, and office buildings. This surge in spending reflects the growth of manufacturing in the US, with production at factories increasing last year.