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Russia Diesel Deal 'Not the Right Policy,' Says Rep. Don Beyer

14 hours 6 minutes ago
Democrat Representative from Virginia Don Beyer said that President Trump's deal to allow Russian oil back on to the global market is 'not the right policy' to meaningfully bring diesel costs down for Americans and it flies in the face of the Russia sanctions bill recently passed by lawmakers. Beyer also discussed what he expects from the midterm elections in Virginia as high numbers of voters head to the polls to cast their ballots early. Beyer said that the impact of DOGE cuts on federal workers has pushed Virginians out to vote. (Source: Bloomberg)

Bumble Said to Near $1B Sale to Ithaca

14 hours 6 minutes ago
Bloomberg's Liana Baker joins Scarlet Fu on "Bloomberg Deals." Dating-app provider Bumble is in talks to be sold to upstart investment firm Ithaca Holdings for around $1 billion, according to people familiar with the matter. (Source: Bloomberg)

Corn Weakness Holding on Wednesday

14 hours 7 minutes ago
Corn futures are showing 2 to 3 cent losses on Wednesday. The CmdtyView national average Cash Corn price is down 2 ¼ cents at $4.40. Rains fell in parts of the TX panhandle, KS, MO and IL overnight, putting a pause on some harvest. More rain is expected in those...
Barchart

Wheat Trying to Hold Higher on Wednesday

14 hours 7 minutes ago
The wheat complex is showing mixed trade so far on Wednesday. Chicago SRW contracts are trading with 2 to 3 cent gains so far on the session. KC HRW futures are showing steady to 1 ½ cent gains at midday. MPLS spring wheat is down 4 to 6 cents so...
Barchart

Corn Weakness Holding on Wednesday

14 hours 7 minutes ago
Corn futures are showing 2 to 3 cent losses on Wednesday. The CmdtyView national average Cash Corn price is down 2 ¼ cents at $4.40. Rains fell in parts of the TX panhandle, KS, MO and IL overnight, putting a pause on some harvest. More rain is expected in those...
Barchart

Wheat Trying to Hold Higher on Wednesday

14 hours 7 minutes ago
The wheat complex is showing mixed trade so far on Wednesday. Chicago SRW contracts are trading with 2 to 3 cent gains so far on the session. KC HRW futures are showing steady to 1 ½ cent gains at midday. MPLS spring wheat is down 4 to 6 cents so...
Barchart

Soybeans Fading Overnight gains and Chinese Buying

14 hours 7 minutes ago
Soybeans are trading with contracts 8 to 10 cents lower on Wednesday, shrugging off the early gains and Chinese business. The cmdtyView national average Cash Bean price is down 8 3/4 cents at $12.16. Soymeal futures are $3.30 lower, with Soy Oil futures down 90 points. October futures expires today....
Barchart

Soybeans Fading Overnight gains and Chinese Buying

14 hours 7 minutes ago
Soybeans are trading with contracts 8 to 10 cents lower on Wednesday, shrugging off the early gains and Chinese business. The cmdtyView national average Cash Bean price is down 8 3/4 cents at $12.16. Soymeal futures are $3.30 lower, with Soy Oil futures down 90 points. October futures expires today....
Barchart

70% of Americans plan to shop Black Friday or Cyber Monday this year. Here’s what’s driving the surge

14 hours 10 minutes ago

With financial stress mounting for many Americans, scoring deals may be all the more important during the holiday shopping rush.

Over the four-day stretch between Black Friday and Cyber Monday, Americans are projected to spend more than $85 billion, up nearly 9% from 2025, according to a report released Wednesday by Bain & Company. And more than 90% of consumers plan to shop Black Friday, Cyber Monday, or another major sales event, according to a survey conducted by the Boston-based management consulting firm.

While some people still crowd into stories in the wee hours of Black Friday to score deals, much of that shopping has moved online in recent years—but that hasn’t quelled the spending frenzy. Black Friday is likely to remain the leading sales day of the holiday season, according to Bain, while Cyber Monday, just a few days later, will likely crack into the top five sales days of 2026. 

“Black Friday and Cyber Monday are becoming increasingly important battlegrounds for retailers, especially as U.S. consumers prioritize value and deal-heavy shopping days,” Aaron Cheris, global head of retail at Bain & Company, said in a statement. 

Consumers will have some other factors to contend with this holiday shopping season, namely the affordability crisis that’s squeezing their wallets. The latest consumer price index, released Wednesday, showed that inflation rose 3.7% in September from a year ago, as soaring gas prices are trickling through the broader economy.

Bain expects holiday sales to top $1 trillion this year for the first time, but notes that more than half of consumers plan to alter their upcoming holiday spending habits, citing higher prices as a main reason why. When the Mastercard Economics Institute released its annual holiday forecast last month, it likewise noted that inflation will be a factor this year, accounting for nearly half of the projected 5.5% gain in U.S. retail sales (excluding automobiles and gasoline) between November 1 and December 24.

HOW RETAILERS ARE LIKELY TO RESPOND

American consumers always seem to find a way to make the holidays festive, even if it’s by adding to their pile of debt. Still, retailers are likely to anticipate that some shoppers are especially price-conscious this year.

Indeed, 40% of retailers expect shoppers to be more deal-driven this year, while 26% expect that consumers will prioritize spending on essentials and experiences rather than something discretionary, like a new sweater, according to a report from Narvar, a software platform that manages online shopping experiences.

Because there are only 29 days between Thanksgiving and Christmas this year—which is on the shorter side of this key holiday shopping stretch—consumers won’t have as many days to score deals. That’s why the four-day period between Black Friday and Cyber Monday could be especially key for retailers, according to Bain. 

“Retailers that capitalize on these crucial sales days with personalized promotions, can’t-miss events, and targeted campaigns will set themselves up well for the rest of the holiday shopping season,” Cheris said.

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