Amazon, Rivian in talks to end exclusivity part of delivery-van pact
Amazon.com Inc. and Rivian Automotive are revisiting their exclusive electric van deal as the electric truck maker seeks to sell to others, The Wall Street Journal reported exclusively, citing people familiar with the matter.
How Lego beat Barbie and Monopoly
Lego has beaten out Mattel and Hasbro to become the world's largest toy company. The dutch brick maker has used pop culture and media to maintain excitement.
Alibaba posts lackluster growth, hit by China’s pandemic control measures
Alibaba’s quarterly revenue rose 2% from a year earlier as the Chinese tech company recovers from last years zero-covid lockdowns and a recent regulatory crackdown.
Walmart sells Moosejaw to Dick's Sporting Goods
Dick’s Sporting Goods will purchase outdoor outfitter Moosejaw from Walmart for an undisclosed amount.
Amazon stock drop has workers facing pay squeeze
Corporate employees for tech-giant Amazon will see a 15-50% drop in salaries in 2023 due to the stock’s underperformance in 2022.
They want a co-pilot: Dr. Vinay Nair
Dr. Vinay Nair, TIFIN CEO and founder, discusses how he views investing with artificial intelligence and how customers can use it on 'The Big Money Show.'
Super Bowl betting heads for another record year
The American Gaming Association says a record 50.4 million Americans are expected to bet $16 billion on Super Bowl LVII, more than double last year's projections.
Carvana stock soars - why?
Shares of online used car dealer Carvana are up in trading as the supply in used car strengthens and the prices of new cars remain at all time highs.
Kids pajamas sold at Etsy, Macy's recalled for burn risks
The Consumer Product Safety Commission announced a recall for over 38,000 children's pajama sets that do not meet federal flammability standards and pose burn risks to kids.
US labor board upholds Amazon workers' union victory
A U.S. labor board director upheld an Amazon worker's union victory, moving the e-commerce giant closer to negotiating a contract.
Chinese billionaire Jack Ma to give up control of Ant Group
A restructuring of China's Ant Group has founder and billionaire Jack Ma giving up control of the company.
Online holiday spending reaches record $211B, Adobe says
Online holiday shoppers spent just over $211 billion during the holiday season which spans from the beginning of November to Dec. 31, according to Adobe Analytics.
Disney sues Florida online retailer selling knock-off Mickey ears
Disney Enterprises, Inc., is suing a Florida-based online retailer accused of selling knock-off Mickey Mouse ears and other products featuring trademarked Disney properties.
Super Saturday: Record number of consumers expected to shop
A record number of shoppers are expected to hit stores and go online during what's known as Super Saturday. It's the last Saturday before Christmas and a key revenue-generating day for businesses.
Traditional retail stocks are kicking Amazon's butt
Consumers are back in shopping centers as traditional retail stocks rebound on Wall Street while outperforming Amazon, Overstock and eBay.
November online prices had biggest decline in 31 months: Adobe
Online prices fell in November on an annual basis for the third consecutive month, according to Adobe. The November price drop was the biggest decline since May 2020.
How to avoid holiday online shopping scams
Experts offer tips to help shoppers avoid being swindled this holiday season when shopping online. E-commerce continues to surge which means shoppers need to be even more vigilant.
Amazon CEO Andy Jassy says economy will test 'long term resolve' of companies
Amazon CEO Andy Jassy said the company has been trying to "streamline" costs while also trying to invest in areas they they believe will impact the company in the long term.
DoorDash lays off 1,250 employees to cut costs
DoorDash announced that it will lay off more than 1,200 employees in order to reduce operating expenses that, "if left unabated – would continue to outgrow our revenue."
Retail trade group says rail strike could derail holiday shopping, overall economy
National Retail Federation (NRF) CEO Matt Shay stressed concerns over the potential rail strike saying it 'would be devastating for our economy at a time like this.'