A late Super Saturday — the last Saturday before Christmas — is projected to be the second-busiest shopping day of the year, according to Sensormatic Solutions' holiday predictions.
Why it matters: Dec. 23 is both "Christmas Eve eve" and Super Saturday this year, which is expected to drive shoppers to stores and malls to buy last-minute gifts in person.
The Federal Reserve's go-to inflation index declined 0.1% in November, the first monthly drop in overall prices by this measure in over three years.
Why it matters: The data from the Commerce Department is the freshest sign of cooling inflation that came alongside solid consumer spending and rising income.
Lionsgate will spin out its studio business into a separately traded company via a SPAC deal with Screaming Eagle Acquisition Corp., the company announced Friday.
Why it matters: Lionsgate has long believed that Starz was weighing down its stock price and that a separation would allow investors to better value both.
Wells Fargo employees in its Albuquerque, New Mexico, branch voted to unionize Wednesday.
Why it matters: They are the first big bank workers to unionize in the U.S. — a move that reflects the growing momentum of unions across industries in recent months.
Venture capital firm Spark Capital is seeking to raise $2.1 billion for a pair of new funds, according to filings with the U.S. Securities & Exchange Commission.
Why it matters: Spark is known for big hits like Twitter, Coinbase, and Slack, plus more recent bets on buzzy generative AI companies like Anthropic.
Toyota announced it is recalling roughly 1 million vehicles because of potential issues with sensors that allow airbags to deploy correctly.
Why it matters: It's the latest major recall for the automaker, which announced a recall of over 1.85 million RAV4 sports utility vehicles in November because of fire risks associated with batteries.
