The fallout from the U.S. crackdown on Huawei intensified this week, as trade negotiations between Washington and Beijing reportedly hit a roadblock.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
The U.S. government on Monday temporarily eased some trade restrictions imposed recently on China's Huawei, a move that sought to minimize disruption for the telecom company's...Technologyread more
Google has decided to stop licensing its Android operating system to Huawei, in order to comply with a U.S. trade blacklist.Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
See which stocks are posting big moves after the bell on Monday, May 20.Market Insiderread more
Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
Iran has quadrupled its output of nuclear material amid rising tension with the U.S. and dangerous escalations in the Middle East.Energyread more
The announcement comes amid a wave of store closures across the country this year.Retailread more
E-commerce companies are under pressure to offer free shipping from deal-chasing consumers, and those who don't may run the risk of falling behind their competitors, Etsy President and CEO Josh Silverman said Wednesday.
"Free shipping is pretty much table stakes today," Silverman told CNBC's Jim Cramer in an exclusive interview. "About half of all the items on Etsy, buyers say, have shipping prices that are too high."
Speaking after his handmade goods e-tailer reported better-than-expected earnings results and raised its full-year revenue guidance, Silverman said that sales were strong despite the shift in consumer preferences.
"We grew [gross merchandise sales] at 20 percent last quarter" even with buyers' hesitation about shipping costs, he said on "Mad Money," adding that "only about 20 percent of items have free shipping" in the broader e-commerce industry.
Etsy's third-quarter results showed accelerating growth for the growing online marketplace, with a 41.3 percent boost in revenue year over year.
The company, which helps connect buyers with over 50 million handmade items, also raised prices this quarter, taking its commission from 3.5 percent to 5 percent per order in an effort to deliver more value to its "makers," the CEO said.
"Charging a 5 percent commission ... was, I think, fair value for our sellers, particularly because we've invested almost all of that," Silverman told Cramer. "Eighty percent of that we're reinvesting into the growth of the platform."
And when it comes to what may be Etsy's biggest competitor, Amazon Handmade, and the new headquarters Amazon is reportedly opening in Queens, the CEO said Etsy — which is headquartered in Brooklyn — was confident about its value proposition to potential employees.
"We think we've got the best team, certainly, in tech companies on the eastern seaboard," Silverman said. "We continue to attract great talent, and the reason is, first and foremost, I think our mission is really a meaningful, important mission, and that matters."
Shares of Etsy soared in Wednesday's trading session, ending the day up 23.7 percent at $50.01. The stock is up 145 percent for 2018, nearly triple the run in shares of Amazon.