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.» Read More
While investors will be focused on Amazon's giant e-commerce business when it reports earnings Thursday, its future is tied to Prime.
Even with this week's weakness, Amazon.com stock has been outperforming rival retailers though it will likely face a fairly volatile trading day after it reports.
Facebook and Twitter face different growth scenarios, but both are now focusing their gaze on the same market: Retail.
StubHub says the hackers got account-holders' login and password information from data breaches at other websites and retailers.
With no fanfare, Amazon has released its own mobile payments app, called Amazon Wallet.
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.
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.
Visa Checkout is the latest effort to make the company relevant in a world of digital payments, reports Re/code.
Ebay earnings beat by a penny while revenue missed expectations. Shares rose after initially fluctuating in extended hours trading.
Amazon is working on a subscription that would offer unlimited access to e-books and audiobooks for $9.99 a month, according to a report in Gigaom.
Auction giant Christie's reported a record first half, with art sales jumping 12 percent to $4.5 billion.
Gen Z's entrepreneurial spirit and digital savvy may cause problems for retailers who stick to business as usual.
The recent rally in tech stocks has lacked one notable Internet name: eBay.
Intel net income jumps in 2nd quarter as office PCs are refreshed, predicts strong 3rd quarter Apple turns to IBM for help in selling more iPhones, iPads to corporate customers Yahoo posts lower 2nd- quarter earnings revenue amid ad slump, reaches Alibaba deal Colorado's largest foreclosure law firms accused of fraud Yellen says economy still needs high degree of Fed support and cautions about' false dawns' US stocks mostly lower as investors assess earnings, Yellen remarks; Goldman, JPMorgan higher Cigarette maker Reynolds to buy Lorillard in $25 B deal; to sell some brands House votes to make permanent moratorium preventing states from taxing access to the Internet US retail sales edge up just 0.2 pct. in June, a sign cautious consumers may restrain growth Google appoints retired Ford CEO Alan Mulally to its board, audit committee
Intel 2 Q net income jumps on PC replacement Apple, IBM team up in mobile devices, applications Yahoo 2 Q earnings, revenue fall amid ad slump Colorado foreclosure law firms accused of fraud Labor market still needs Fed support, chair says US stocks mostly down as investors digest earnings Tobacco firm Reynolds American to buy Lorillard House votes to extend moratorium on Internet taxes US retail sales tick up 0.2 percent in June Google appoints Ford ex-CEO Mulally to board
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.
According to new research from Savings.com, more than 50 percent of the time consumers can find a better price elsewhere on the Web.
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.
The New York Times hinted a deal between Amazon and Hachette is coming soon. CNBC's Jon Fortt, and Jon Steinberg, Daily Mail North American CEO, share their opinions.