Walmart's e-commerce operations' tech arm acquired the social shopping site Luvocracy and plans to shut it down. Re/Code reports.» Read More
NEW YORK— The stock market is ending lower after Visa and Amazon posted disappointing results. Amazon's stock slumped $34.60, or 9.6 percent, to $324.01 after the online retail giant posted a wider loss than analysts had forecast. The Dow was dragged down by Visa, which fell $7.97, or 3.6 percent, to $214.77.
Amazon's stock is getting slammed on its worse-than-expected earnings. CNBC's Josh Lipton discusses Amazon's profit problem.
NEW YORK— The stock market is falling in midday trading after Visa and Amazon posted weaker results than Wall Street expected. Amazon's stock slumped $38.11, or 11 percent, to $320.50 after the online retail giant posted a wider loss than analysts had forecast. The Dow was dragged down by Visa, which fell $9.53, or 4.3 percent, to $213.21.
Eric Sheridan, UBS analyst, discusses Amazon's much wider- than-expected second quarter loss and how investors are to gauge their value and growth.
While investors will be focused on Amazon's giant e-commerce business when it reports earnings Thursday, its future is tied to Prime.
The political connections of investors raise questions about Alibaba as it prepares to go public in the U.S. The New York Times reports.
Facebook is testing a new 'buy' button that will let consumers purchase products that are advertised on its social network.
NEW YORK, July 17- Alibaba Group Holding Inc has pushed its highly anticipated IPO until after the September Labor Day holiday, a source with knowledge of the matter said, as the Chinese online retail company works through the complex process of launching what could the largest-ever U.S. tech debut.
To commemorate the 45th anniversary of the moon landing, 100 pairs of sneakers inspired by moon boots will be available.
SAN FRANCISCO, July 16- EBay Inc posted a 13 percent rise in quarterly revenue on Wednesday, as better-than-expected results from its fast-growing PayPal division helped the online retailer overcome increasing competition from Amazon.com Inc and a well-publicized cyber attack.
A first edition of Karl Marx's "Das Kapital" was sold in a digital sale on Amazon-owned AbeBooks earlier this month.
SAN FRANCISCO, July 15- Yahoo Inc pledged to pay its shareholders at least half the proceeds from Alibaba Group Holding Ltd's mega-IPO this fall, and plans to keep a larger stake in the Chinese e-commerce company than expected. Yahoo's roughly 24 percent stake in the world's largest Internet retailer is viewed on Wall Street as its most prized asset.
NEW YORK, July 14- Two of the biggest names in auction sales, the traditional Sotheby's and the digital pioneer eBay, said on Monday they are joining forces to make it easier to buy antiques, collectibles and works of fine art online.
NEW YORK, July 14- Sotheby's and eBay announced a partnership on Monday to make it easier to buy antiques, collectibles and works of fine art online. The deal will connect Sotheby's, with its extensive inventory of fine art, antiques, books, jewels, watches and furniture, with eBay's 145 million active buyers around the world.
Convinced that consumers are finally ready to shop online for Picassos in addition to Pez dispensers, Sotheby's and eBay are teaming up again. The NYT reports.
*Tencent, JD.com tie-up sharpens e-commerce challenge. SHANGHAI, March 17- Alibaba's dominance of online retail in China faces its biggest-ever challenge as the firm founded by Jack Ma in an apartment 15 years ago lines up a U.S. initial public offering that could value the firm at around $140 billion.
CNBC's Carl Quintanilla takes a first look at the Birchbox store opening in New York City tomorrow.
After testing the waters of a physical store experience through a series of pop-up shops, Birchbox will open its first store on Friday.
CNBC's Courtney Reagan speaks to Bill Simon, president & CEO of Walmart U.S., about the company's plan to acclimate to where customers are going to be shopping and store expansion.
Bill Simon, president & CEO of Walmart U.S., discusses the changing economics of manufacturing in the U.S. and the state of the economy. Simon says the middle class is still economically challenged.