Here are the best deals

Here are the best deals

Amazon Prime Day is one of the most anticipated shopping events of the year. But in 2022, shoppers may be less interested in backyard entertaining or Black Friday-type deals and more eager to score discounts on consumer staples to counteract runaway inflation. “People who want to participate in Prime Day are going to be focusing … Read more

Former Amazon Executive Dave Clark Named CEO at Flexport

Former Amazon Executive Dave Clark Named CEO at Flexport

Dave Clark, who led the sweeping logistics expansion at online retailer Amazon. com Inc., will become chief executive of Flexport Inc., the digital-focused freight forwarder that has emerged as one of the biggest in a stable of tech-forward shipping startups. Mr. Clark, who resigned last week as CEO of Amazon’s consumer business, will join Flexport … Read more

Platoon Swaps Out Finance Chief as It Navigates Persistent Losses

Platoon Swaps Out Finance Chief as It Navigates Persistent Losses

Interactive Platoon Inc. is exchanging its top finance executive about four months after it named a new chief executive, a move that comes as the fitness-equipment maker navigates persistent losses. The New York-based at-home exercise equipment company on Monday said Liz Coddington will serve as its chief financial officer, effective June 13. Peloton said its … Read more

Platoon Swaps Out Finance Chief as It Navigates Persistent Losses

Platoon Swaps Out Finance Chief as It Navigates Persistent Losses

Interactive Platoon Inc. is exchanging its top finance executive about four months after it named a new chief executive, a move that comes as the fitness-equipment maker navigates persistent losses. The New York-based at-home exercise equipment company on Monday said Liz Coddington will serve as its chief financial officer, effective June 13. Peloton said its … Read more

Your Next Uber Could Be the Bus

Your Next Uber Could Be the Bus

People are thinking twice before opening that ride-share app on their smartphones. The practice isn’t going anywhere, but the slow pace at which ride volumes have recovered from their pandemic depths is the latest sign the industry might not become as pervasive as once hoped. As dreams of world domination fade and investors watch the … Read more

Buy the dip or sell the ‘rip’?: What’s next as S&P 500 tests bear-market territory

Buy the dip or sell the 'rip'?: What's next as S&P 500 tests bear-market territory

Investors, already grappling with a sinking stock market and fears that the US economy may be heading for a recession, now turn their focus to the consumer. For one thing, consumer discretionary stocks are among the hardest hit. The market’s fixation on peak inflation and how many times the Federal Reserve could hike interest rates … Read more

Stock Market Is Top-Heavy, But Carnage Is Widespread

Stock Market Is Top-Heavy, But Carnage Is Widespread

Eight companies are to blame for nearly half the stock market’s decline this year—and the pain doesn’t end there. Apple Inc., Microsoft Corp. Amazon. com Inc., Tesla Inc.. and the parent companies of Google and Facebook swelled to be so big in recent years that they accounted for 25% of the S&P 500 heading into … Read more

Shopee, Garena post strong revenue

Shopee, Garena post strong revenue

Shares of Southeast Asia’s e-commerce and gaming firm Sea Group popped after its first-quarter revenue beat analysts’ expectations on Tuesday. Sea’s US-listed shares rose 14% to close at $80.21 after the of Singapore-based internet firm reported revenue that exceeded analysts’ expectations in the first quarter this year. Here’s how the New York Stock Exchange-listed company … Read more

Slowest quarterly revenue growth on record

Slowest quarterly revenue growth on record

Chinese e-commerce giant JD.com posted its slowest quarterly revenue growth on record for the first three months of the year, as Covid-19 lockdowns in the world’s second-largest economy weighed on consumer spending. JD.com beat estimates on revenue but missed expectations on profit. Here’s how JD did in the first quarter of 2022, versus Refinitiv consensus … Read more