e-commerce

Amazon.com Inc (NASDAQ: AMZN) announced a fresh round of job cuts Monday that are set to impact about 9,000 workers in the coming weeks. What To Know: In a new memo to employees, CEO Andy Jassy said Amazon plans to eliminate more workers as it continues to focus on cutting costs.  "...

Major Wall Street indices closed over 1% higher on Tuesday after the February inflation print came in line with estimates and easing bank contagion fears led to some bottom fishing. The headline CPI rose 6% in February, down from 6.4% in January, according to data the Labor Department reported on...

Major Wall Street indices lost over 1% on Tuesday after Federal Reserve Chair Jerome Powell indicated in his testimony before Congress that the central bank would be prepared to increase the pace of rate hikes if faster tightening seem to be warranted. The Dow Jones closed 1.72% lower entering...

Online fashion company Stitch Fix (NASDAQ: SFIX) reported second-quarter financial results after the market close Tuesday. Here are the key highlights. What Happened: Stitch Fix reported second-quarter revenue of $412.1 million, a 20% year-over-year decline. The revenue missed a Street estimate of...

U.S. markets closed mixed on Monday as investors and traders turned their attention toward Federal Reserve Chair Jerome Powell's testimony before Congress on Tuesday and Wednesday. The Nasdaq Composite closed 0.11% lower while the S&P 500 gained 0.07%. The Dow closed 0.12% higher. Meanwhile,...

Last week witnessed mixed trading performances from tech stocks impacted by hawkish comments from Federal Reserve officials, strong economic data and higher yields. This week all eyes will be on Fed Chair Jerome Powell's testimony before Congress on Tuesday and Wednesday. As the second week of...

Major Wall Street indices closed mixed after the Institute for Supply Management's manufacturing PMI rose to 47.7 last month from 47.4 in January, indicating inflation may continue to remain sticky. Hawkish comments from Federal Reserve officials too added to the pain. Minneapolis Fed President...

Major Wall Street indices closed over 1% lower on Friday as the core personal consumption expenditures price index, the Federal Reserve's preferred measure of inflation, rose 0.6% in January and 4.7% from the prior year, above economists’ average estimate of 4.3%. The Nasdaq Composite closed...

The week, so far, has been downbeat for broader U.S. markets as investors and traders began factoring in the possibilities of longer rate hikes by the Federal Reserve. Tech stocks, too, did not perform well in a week that witnessed strong economic data release. The S&P Global Purchasing...

Major Wall Street indices closed in the green on Thursday, with the S&P 500 ending a four-day losing streak. Initial claims for state unemployment benefits reduced by 3,000 to a seasonally adjusted 192,000 for the week ended Feb. 18, reported Reuters citing the Labor Department. Meanwhile, the...

Major indices closed mixed on Wednesday as investors and traders weighed in on the minutes of the Federal Open Market Committee’s policy meeting in early February. The minutes stated that although the participants agreed there were recent signs of inflationary pressures moderating, it...

Ecommerce company Etsy Inc (NASDAQ: ETSY) reported fourth-quarter financial results after the market close Wednesday. Here are the key highlights. What Happened: Etsy reported fourth-quarter revenue of $807.24 million, which was an increase of 12.6% year-over-year. The revenue total beat a Street...

Major Wall Street indices closed over 2% lower on Tuesday, recording their worst trading session in 2023, as a rebound in U.S. business activity sparked fears of extended rate hikes. The S&P Global Purchasing Manufacturer's index returned to expansion for the first time in eight months in...

Etsy Inc (NASDAQ: ETSY) is off to a strong start to 2023, and one analyst said investors can expect some positive fourth-quarter numbers from the company on Wednesday. The Analyst: On Monday, Bank of America analyst Curtis Nagle reiterated a Neutral rating and $145 price target for Etsy. The Thesis...

Amazon.com, Inc (NASDAQ: AMZN) was declining about 1.8% in the premarket Thursday, in tandem with stock futures, which began to nosedive at 8:30 a.m. EST when data was released indicating inflation remains sticky. After the market opened, the stock began to erase some of its premarket losses....