Global equity funds saw their first weekly outflow in 10 weeks in the week to November 26, as concerns about stretched valuations, particularly in the tech sector, outweighed optimism around expected U.S. interest rate cuts next month. Investors withdrew a net $4.48 billion from global equity funds as they registered their first weekly net sales since September 17. Learn More

Bargain-hunting Americans clicked their way through Thanksgiving, spending 5% more than last year, as more consumers turned to laptops and phones instead of braving brisk weather to snap up deals over the crucial Black Friday shopping weekend. While early online sales figures showed a promising trend for spending, at major retailers the traditional Black Friday bargain-chasing felt subdued compared to bygone years, when throngs of people stood in line on a post-Thanksgiving

Online sales in the U.S. on the Thanksgiving holiday are expected to rise 6% compared with last year to reach $8.6 billion, suggesting shoppers were lapping up steep discounts from retailers to splurge amid tariff-induced macroeconomic uncertainty. As of 2 p.m. ET (1900 GMT), Thanksgiving spending in the U.S. was 5.8% higher than at the same time last year, reaching $2.6 billion. Learn More