e-commerce

Major Wall Street indices closed over 1.5% lower on Wednesday after witnessing a volatile session during Federal Reserve Chair Jerome Powell’s policy announcement.  Although markets initially cheered the 75 basis points rate hike, which was in line with expectations, along with...

Amazon.com, Inc (NASDAQ: AMZN) will put an end to its "Treasure Truck" deals which gave customers deals-of-the-day via text message. What Happened: The customers, who signed up for alerts, were informed by Amazon through text message that Tuesday's Treasure Truck would be the...

Amazon.com, Inc (NASDAQ:AMZN) shares plunged nearly 5.5% on Tuesday, knocking the e-commerce giant out of the trillion-dollar club. Tuesday's Knockout Punch: Amazon shares closed at $96.79 — 3.2% lower than the psychologically important $100 mark. The shares hit a fresh 52-week low of $96.51 on...

Major Wall Street indices ended lower on Tuesday as investors and traders braced for policy moves from the U.S. Federal Reserve on Wednesday.  Better-than-expected jobs data also means the central bank has more leeway to carry on with its aggressive policy. Job openings, a measure of labor...

The New York State Teachers Retirement System has loaded up on Tesla Inc (NASDAQ: TSLA) and Amazon.com, Inc (NASDAQ: AMZN) shares during the third quarter, according to Whale Wisdom.  The fund has increased its holding of Tesla by over 171,000...

Major Wall Street indices closed in the red on Monday as investors and traders braced for a 75 basis point hike from the U.S. Federal Reserve on Wednesday. Market participants are keenly waiting for any cue that the central bank has finally decided to reduce its aggression.  Here...

After witnessing a volatile week where major U.S. indices closed over 2% higher, market participants are keenly watching out for the U.S. Federal Reserve’s policy decision due this week.  The core personal consumption expenditures price index has risen 0.5% from the previous...

Amazon.com, Inc (NASDAQ: AMZN), which had a revenue miss in its third-quarter earnings, is preparing to tighten its belt in the fourth quarter. What Happened: The company’s CFO Brian Olsavsky said the company encountered “moderating sales” and saw foreign currency headwinds in the...

Amazon.com, Inc (NASDAQ: AMZN) Chair Jeff Bezos is expecting stormy weather in the economy and wants to “batten down the hatches.” What Happened: Bezos, who founded the e-commerce behemoth way back in 1994, tweeted a CNBC interview with Goldman Sachs Group Inc (NYSE: GS) CEO David...

Alibaba Group Holdings Inc. (NYSE: BABA) was sliding over 3% on Wednesday following a key policy speech by Hong Kong leader John Lee. The Chinese e-commerce giant climbed over 5% between Oct. 13-18 before and after Chinese President Xi Jinping unveiled his five-year agenda, which included a...

E-commerce leader Amazon.com, Inc. (NASDAQ: AMZN) held its Prime Early Access event Oct. 13-Oct. 14 to kick off the holiday sales season. Here’s a look at early data and what one analyst is saying about the event. The Amazon.com Analyst: Bank of America analyst Justin Post had a Buy...

When South Korean tech giant Naver confirmed earlier this week that it would purchase Poshmark Inc. (NASDAQ: POSH) at $17.90 per share, many observers said the offer was fair. Was it? After all, Poshmark — an Instagram-like site specializing in apparel resale — went public in...

Amazon.com, Inc. (NASDAQ: AMZN) shares were helping lead a strong recovery in growth names Tuesday after JPMorgan analysts picked the stock as their favorite idea in the internet space. What Happened: JPMorgan analysts reiterated Amazon with an Overweight rating on Tuesday...

  Amazon.com Inc's (NASDAQ: AMZN) Devices & Services Event showcased multiple new products for consumers Wednesday. It launched the first 10.2-inch, 300 ppi adjustable front-light display Kindle on which users can write, priced at $339.99 including Pen. It adjusts to the...

Alibaba Group Holding Ltd. (NYSE: BABA)-owned Lazada Group is getting ready to enter Europe, after its success in Southeast Asia, to take on rivals such as Amazon.com Inc. (NASDAQ: AMZN) and Zalando SE (OTC: ZLNDY), reported Bloomberg. Lazada...