AI Threatens Millions, Apple Overtakes Samsung, & Retail Spikes 5.7%

In partnership with

Dear Money Master,

This week’s market pulse is packed. U.S. retail sales jumped 5.7%, showing consumers are still spending even as AI threatens 11.7% of American jobs, according to a new MIT study. Apple is on track to beat Samsung for the first time in 14 years, redefining the global smartphone landscape, while Uber has launched the Middle East’s first fully driverless robotaxi fleet in Abu Dhabi.

Generational shopping habits are also dividing sharply, 40% of Gen Z plans to shop heavily on Black Friday, and the value of professional sports keeps soaring as the average NHL team hits $2.2B, which the league says is still “undervalued.” Meanwhile, earnings season stayed upbeat with strong beats from Best Buy, Dick’s Sporting Goods, and Abercrombie.🌍💼

📰 Your Daily Financial Digest - November 28th, 2025

🌍 Economics, Finance, & Retail:

1. Retail Sales Rise 5.7% as Shutdown Delays Report 📈

   Retail activity hit $243B in September, with e-commerce up 8.6% as demand held firm despite uncertainty from the government shutdown delay. All categories posted YoY growth, signaling resilient consumer spending. Read More 

2. Gen Z to Dominate Black Friday Shopping 🛒

   A new AT&T survey shows 40% of Gen Z and 32% of millennials plan to shop primarily on Black Friday, while older shoppers wait until mid-December, highlighting a widening generational shift in spending behavior. Read More

3. NHL Team Values Hit $2.2B Average, Still ‘Undervalued’ 🏒

   Gary Bettman says valuations understate real market demand even as teams jumped 15% YoY. The Maple Leafs top the list at $4.3B, though Bettman insists they’d sell for “far more” if listed individually. Read More

💻 Technology:

1. Uber Launches First Middle East Robotaxi in Abu Dhabi 🚖

   Uber’s partnership with WeRide brings driverless rides to the UAE capital, marking its fourth global market with robotaxis, alongside Austin, Phoenix, and Atlanta. The move expands autonomous mobility beyond the U.S. Read More 

2. MIT: AI Already Able to Replace 11.7% of U.S. Workforce 🤖

   A new MIT study estimates AI could automate $1.2T in wages, especially in finance, healthcare, and professional services. The team used the Iceberg Index to simulate impacts across 151M workers. Read More 

3. Apple to Out-Ship Samsung for First Time in 14 Years 📱

   Apple is expected to ship 243M iPhones in 2025, surpassing Samsung’s 235M. That gives Apple a 19.4% global market share, ending Samsung’s decade-plus dominance in smartphone shipments. Read More

💹Earnings:

1. Abercrombie Beats Q3 Estimates Despite Lower Net Income 👕

   EPS came in at $2.36 vs. $2.16 expected, with revenue hitting $1.29B, up 7% YoY. Profit dipped from last year as higher costs offset the retailer’s strong sales performance. Read More 

2. Dick’s Sporting Goods Tops Revenue but Profit Falls 🏀

   Revenue surged to $4.17B vs. $3.59B expected, though net income fell sharply amid costs tied to the Foot Locker acquisition. Adjusted EPS hit $2.78, beating forecasts. Read More

3. Best Buy Raises Full-Year Forecast After Strong Q3 📺

   The retailer now expects up to $41.95B in full-year revenue as consumers upgrade laptops, gaming systems, and smartphones. Adjusted EPS guidance also ticked higher to $6.25–$6.35. Read More

How High-Net-Worth Families Invest Beyond the Balance Sheet

Every year, Long Angle surveys its private member community — entrepreneurs, executives, and investors with portfolios from $5M to $100M — to understand how they allocate their time, money, and trust.

The 2025 High-Net-Worth Professional Services Report reveals what today’s wealthy families value most, what disappoints them, and where satisfaction truly comes from.

From wealth management to wellness, from private schools to personal trainers — this study uncovers how the top 1% make choices that reflect their real priorities. You’ll see which services bring the greatest satisfaction, which feel merely transactional, and how spending patterns reveal what matters most to affluent households.

• Benchmark your household’s service spending against peers with $5–25M portfolios.

• Learn why emotional well-being often outranks financial optimization.

• See which services families are most likely to change — and which they’ll never give up.

• Understand generational differences shaping how the wealthy live, work, and parent.

See how your spending, satisfaction, and priorities compare to your peers. Download the report here.

Download the Free Report

To your financial empowerment, The Money Masters Team

P.S. Stay connected! Don't forget to follow us on social media! 📱🌐

DISCLAIMER: This information is for educational purposes only and does not constitute financial advice. The publisher does not accept any responsibility for any losses incurred as a result of actions taken based on the information provided. Always conduct your own research or consult with a financial advisor before making any investment decisions.