CNBC Daily Open: Is record Black Friday sales surge a false dawn?

An Amazon worker delivers packages on Cyber Monday in New York, US, on Monday, Nov. 27, 2023. An estimated 182 million people are planning to shop from Thanksgiving Day through Cyber Monday, the most since 2017, according to the National Retail Federation.

Post-Thanksgiving breather
U.S. stocks fell on Monday as traders took a breather after the major averages clocked a four-week winning streak. The Dow Jones Industrial Average fell 56.68 points, or 0.16%, to 35,333.47. The S&P 500 shed 0.20% to 4,550.43. The Nasdaq Composite edged lower 0.07% to 14,241.02.

Shein IPO
Fast-fashion retailer Shein has confidentially filed to go public in the U.S . and is moving ahead with its long-awaited IPO, CNBC has learned. Founded in China, Shein was last valued at $66 billion and could be ready to start trading on the public markets as soon as 2024, people familiar with the matter told CNBC on Monday.

Cryptic no more?
The crypto industry can finally close the chapter on a litany of scandals and problems after Binance was hit with a historic settlement by the U.S. Department of Justice, Coinbase CEO Brian Armstrong said Monday. The government accused Binance of violating the U.S. Bank Secrecy Act and of breaching sanctions on Iran. Armstrong pushed back on the suggestion that crypto is mainly used for nefarious purposes such as fraud, money laundering and terrorist financing, a common refrain from financial firms that have avoided jumping into the space due to compliance concerns.

The last dance
TikTok parent ByteDance is cutting hundreds of jobs in its gaming division, Nuverse, a person familiar with the matter told CNBC. This would mark a significant retreat from a segment ByteDance has invested billions of dollars into to challenge market leader Tencent. Nuverse will not shut down completely but will be significantly scaled back.

Climate concerns
The Organization of Petroleum Exporting Countries said on Monday the oil and gas industry was being unjustly vilified ahead of a pivotal United Nations conference on the climate crisis later this week. OPEC Secretary General Haitham Al Ghais pushed back against accusations that the industry was not doing enough to reduce carbon emissions. Meanwhile, OPEC member and COP28 host, the United Arab Emirates, plans to use its role as the host of the biggest and the most important annual climate conference as a platform to lobby foreign government officials for oil and gas deals , according to a cache of internal documents obtained by a not-for-profit investigative journalism organization.

If you're settling for stingy yields on your idle cash, it's time for an overhaul. The Federal Reserve's latest rate-hiking cycle has been generous for savers stashing money in safe havens. CNBC Pro identifies where to get the biggest bang for your idle buck as 2023 winds down.