July 29- Wall Street turned positive in afternoon trading on Friday, with the S&P 500 index hitting a record intraday high for the seventh time this month, as gains in Alphabet and Amazon more than made up for losses in energy shares. Shares of Google's parent, Alphabet, rose 4.8 percent to $802.4, a day after the company posted strong quarterly revenue, while online... » Read More
Matt Maloney, GrubHub founder & CEO, talks about what drove the quarter's record amound of online ordering in an increasingly competititive market.
Merck, Exxon Mobil and Amazon are making headlines this Friday morning before the opening bell.
July 28- Amazon.com Inc posted strong results across its older and newer businesses on Thursday as global Web retail sales and cloud services topped Wall Street targets and the world's largest online merchant forecast revenue would outpace expectations in the current quarter as well. "They crushed estimates," said Michael Pachter, analyst at Wedbush...
Richard Williams, Groupon CEO, talks about the challenge of building the company's core business. There is a ton of room for innovation in the local space, says Williams.
WARSAW, July 27- Chinese e-commerce group Alibaba, U.S. online retailer eBay Inc, and private equity firm CVC Capital Partners are among the bidders for Eastern Europe's No.1 auction website Allegro from South Africa's Naspers, sources said. A deal worth between 2 and 3 billion euros, is expected by the end of the year, market sources said. Polish online groups Wp.pl,...
July 26- Amazon.com launched its popular Prime loyalty program in India on Tuesday, three years after its entry into the world's second-most populous country. The world's biggest online retailer has been pumping billions of dollars into India as it seeks to win a bigger share of a market dominated by homegrown e-retailer Flipkart. Prime membership will cost...
NEW YORK— A trade group raised its forecast Tuesday for retail sales growth this year to 3.4 percent, with more help from online sales, as the economy improves. That's up from its previous forecast of 3.1 percent growth, he National Retail Federation said. "Challenges remain, with some greater than others depending on the retail category, but consumer confidence...
Alibaba's Chris Tung explains that the e-commerce giant wants to help expand the potential uses of VR by implementing it into a shopping experience.
Bloomberg's billionaire index shows Buffett lost more than $754 million Thursday, thanks to a slide in shares of his company.
The two payment companies agree to a wide-ranging partnership to settle a long-standing feud.
In the year since its spinoff from e-commerce company eBay Inc, becoming an independently traded company on Wall Street for the second time, PayPal has grown aggressively. Its revenue for the second quarter is up more than 15 percent to $2.65 billion from a year ago and the volume of payments it processes is up 28 percent to $86.21 billion, the company said in its...
MILAN, July 22- Online retailer Amazon.com is set to announce on Friday the first in a series of investments in Italy worth at least 500 million euros, a bet on the government's plan to go from laggard to leader in digital commerce, sources said. Amazon will invest 150 million euros to build a major storage and logistics center outside Rome, its second in Italy, said...
EBay CEO Devin Wenig reacts to Warren Buffett's comments on company guidance.
EBay CEO Devin Wenig speaks to CNBC's Josh Lipton, about how the company allocates capital, the impact from the Brexit vote and developing the consumer experience with artificial intelligence.
At a time when money is cheap, the web retailer is partnering with Wells Fargo to sell student loans.
The e-commerce company raised its full-year revenue forecast to a range of $8.85 billion to $8.95 billion, from $8.6 billion to $8.8 billion; and adjusted profit from continuing operations in the range of $1.85 to $1.90, from $1.82 to $1.87 per share. The improved forecast was a "positive surprise" this early in the year, Wedbush Securities analyst Gil Luria said.
CNBC.com's Ari Levy reports on Birkenstock's decision to pull its footwear from Amazon following issues with counterfeiters.
Unilever bought the Dollar Shave Club for $1 billion. One of the shave club's largest investors David Pakman, Venrock venture capitalist, discusses the deal.
Birkenstock has taken the dramatic step of pulling its products off Amazon.com after an uncontrollable rise in counterfeit selling.
E-commerce is one way to expose consumers in the Southeast Asian region to modern retail, says Orami Group CFO Eka Himawan.