A fine example of whiplash in the news this morning: first, a negative-toned segment lamenting the increased prices of everything due to high tariffs. Then, a positive-toned segment exalting Black Friday spending being up 10 percent. The two segments exist in different universes: one with people, and one with businesses.

Adobe Analytics, which tracks e-commerce, said U.S. consumers spent a record $11.8 billion online Friday, marking a 9.1% jump from last year. It was a slight increase from the company's spending estimate of $11.7 billion.

Traffic particularly piled up between the hours of 10 a.m. and 2 p.m. local time nationwide, when $12.5 million passed through online shopping carts every minute. Mobile shopping was estimated to drive more than half of all sales, according to Adobe. …

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