Stocks Steady After Dip; Cyber Monday Spending Hits Record High Despite Economy Fears as Shein Eyes IPO and Oil Prices Inch Up
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U.S. stock futures are muted on Tuesday following a dip in equities on Monday, but indexes remain on track to post November gains.
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Cyber Monday spending by U.S. consumers is expected to hit a record high of over $12 billion, per preliminary estimates, despite inflation and rate hike concerns.
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Chinese fast-fashion retailer Shein has reportedly filed confidential IPO paperwork in the U.S., in a move that could reinvigorate the sluggish IPO market.
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Binance founder Changpeng Zhao has been ordered by a judge to temporarily remain in the U.S. until a hearing determines if he can return to the UAE ahead of his February sentencing.
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Oil prices edge higher on Tuesday on hopes that OPEC+ will agree to expand its current output cuts when it meets later this week.