Morning Business Report: Economic reports resume after shutdown as markets shift and holiday spending tightens

With the government shutdown now over, long-delayed economic reports are finally set to resume this week.

(LILAMAX)- With the government shutdown now over, long-delayed economic reports are finally set to resume this week. Among the most anticipated releases are the missed employment figures for September and October, along with existing home sales data. Major earnings are also on the way from Nvidia, Walmart, and Target.

Bitcoin has erased its gains for the year, falling below $94,000 on Sunday. That drop pushed the cryptocurrency beneath its closing price from the end of last year. Bitcoin surged earlier this year under the Trump administration’s crypto-friendly stance and hit a record $126,000 in early October.

Stocks were mixed Friday. The Nasdaq gained after several days of losses, while the Dow fell again — just two days after setting a new record high.

Black Friday discounts may also be tighter this year. Retailers say sharply higher U.S. tariffs are raising import costs, limiting how aggressive holiday sales can be. Analysts say most stores will still offer deals but will be more selective with markdowns.

New research shows nearly half of seasonal gifts come from small businesses. A survey conducted by Talker Research and SurePayroll by Paychex found 44 percent of shoppers plan to buy gifts from small businesses. Twice as many people say they prefer small stores over big-box retailers during the holiday season, especially Gen X and millennials.