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Fed's Beige Book: "Little or no change in economic activity"

Calculated Risk

In addition, seasonal demand lifted airfreight volume from ecommerce in Richmond and credit card lending in Philadelphia. Several Districts noted increased leisure travel, and a tourism contact described New York City as bustling. Contacts from nearly all Districts reported decreases in manufacturing activity.

Economics 102
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: Amazon stock falls after FTC sues, alleging consumers were tricked into Prime subscriptions

MarketWatch

in morning trading, after the Federal Trade Commission said it has taken action against the ecommerce giant, alleging the company manipulated consumers into enrolling in Amazon Prime without their consent. Shares of Amazon.com Inc. AMZN fell 0.8%

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: Amazon and Rivian are in talks on ending their exclusivity agreement: WSJ

MarketWatch

But the ecommerce giant told Rivian in recent months that it only wants to buy about 10,000 vans this year, the low end of a range previously provided. RIVN are in talks on ending their exclusivity agreement, the Wall Street Journal reported Monday, citing people familiar with the matter.

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: JD stock rises after profit beat and dividend initiated, while revenue comes up shy

MarketWatch

in premarket trading Thursday, after the China-based ecommerce company beat fourth-quarter profit expectations and initiated a dividend, but missed revenue expectations. listed shares of JD.com Inc. JD rose 1.0% The company swung to net income of RMB3.03 billion ($441 million), or RMB1.91 billion, or RMB3.33

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: Krispy Kreme stock rises on Q1 top and bottom line beat, reiterated guidance

MarketWatch

We also achieved our best ever quarter of Ecommerce revenue, representing a higher mix of revenue than during the pandemic and we see a long runway for further growth in this channel,” Tattersfield added. E-commerce revenue grew 23% year-over-year.

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: Foot Locker stock slides premarket as weak guidance offsets Q4 beat

MarketWatch

It plans to convert its current owned and operated stores and ecommerce in Singapore and Malaysia to a license model, to continue to operates its stores in South Korea and to pursue growth in Asia via license partners. The company is also planning to overhaul its Asia operations, closing stores and e-commerce in Hong Kong and Macau.

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: RumbleOn stock drops toward 8th-straight loss after disclosure of investigation into former CEO Chesrown

MarketWatch

toward an eighth-straight loss in premarket trading Friday, after the motor vehicle dealer and ecommerce platform disclosed it was investigating its former Chief Executive Officer Marshall Chesrown. Shares of RumbleOn Inc. RMBL dropped 7.3%