Axios

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.

Bristol Myers Squibb on Friday announced plans to buy schizophrenia drug developer Karuna for around $14 billion.

Why it matters: This reflects how neuroscience has become one of pharma's fastest-growing market segments.

The majority of the nation's largest retailers and restaurant chains will keep their doors closed this Christmas with few exceptions.

Why it matters: Your options are limited whether you need a last-minute gift, forgotten Christmas cookie ingredient or want to dine out Monday.

Free returns are vanishing, but people are still shipping them — to someone else.

Why it matters: More new clothes are hitting resale marketplaces as retailers tighten their return policies.