The head of Groupon (NASDAQ: GRPN) said the company’s recent performance was strong. He spoke at the end of the firm’s IPO silent period, which drove shares 6% higher yesterday Now there…
Hitwise released its report about e-commerce activity at the top 500 online retailers on Cyber Monday. Overall activity rose 24%, which is in line with other data. The online research firm said…
Blackstone (NYSE: BX) and Bain may bid for Yahoo! (NASDAQ: YHOO) along with Asian partners Alibaba and Yahoo! Japan. (Reuters) China’s PMI contracts for the first time in three years. (Reuters) The…
The Monday following this year’s Thanksgiving, also known as Cyber Monday, was the highest-grossing online shopping day in U.S. history. According to research firm comScore, spending reached $1.25 billion, an increase of…
It is clear that e-commerce sales growth has begun to race ahead of bricks-and-mortar revenue growth this holiday season. Comscore reports that Cyber Monday was “The Heaviest Online Spending Day In History”.…
S&P may cut its outlook on France’s AAA debt. (Reuters) A judge blocks the $285 million settlement between Citigroup (NYSE: C) and the SEC. (Reuters) Amazon.com (NASDAQ: AMZN) says Kindle sales rose…
Shares of embattled Web 2.0 e-coupon IPO Groupon (NASDAQ: GRPN) fell another 9% to an all-time low of $14.85. Shares have traded as high as $31.14 since the offering. Skeptics believe that the…
The mid-November NASDAQ short interest may have been lost in the Thanksgiving and Black Friday shuffle, but there were some very interesting and in some cases startling short interest factoids in the…
Crude oil is at $99.55, up 2.90% Gold is at $1,723, up 2.03%. Hong Kong’s Hang Seng closed up 1.97% to 18,038. Japan’s Nikkei closed higher by 1.51% to 8,283. The U.S. 10-year is at 2.08%, up 0.11%. The FTSE…
Amazon.com (NASDAQ: AMZN) said sales of its Kindle soared on Black Friday. In a press release, the largest e-commerce company said: Black Friday was the best ever for the Kindle family and the…
Douglas A. McIntyre comScore (NASDAQ : SCOR) reported U.S. retail e-commerce spending for the first 25 days of the November – December 2011 holiday season. For the holiday season-to-date, $12.7 billion has been spent online, marking…
Several retail research firms believe that “Black Friday” store traffic could trump that of the last three years. But, that does not mean the shopping season will be a success. The “Black…
Douglas A. McIntyre Many stores are planning to open early on Black Friday in an effort to get a jump on holiday shopping, but spending increases are not expected to rise more than 3% or…
The purchasing managers indices of China, German and France all signaled slow growth or contraction in November. It is a sign that demand for exports and consumer expenditures are in free fall. China and…
Amazon.com Inc. (NASDAQ: AMZN) is back with some dirt cheap offers in smartphones, and some of these may seem to be good to be true. While this may include Verizon Communications Inc.…
