U.S. online sales during Amazon.com’s Prime Day shopping event rose 6.1% to $12.7 billion from last year, as inflation-hit Americans hunted for more bargains and discounts on the e-commerce platform, Adobe Analytics data on Thursday showed.
Shoppers spent $6.3 billion on the second day of the shopping extravaganza. Deep discounts on products such as toys and appliances drew in customers who have otherwise cut their non-essential purchases due to rising rentals, mortgage rates and food prices.
Adobe data had on Wednesday showed that U.S. online sales during the first day of Prime Day jumped nearly 6% to $6.4 billion from a year ago.
Source : Reuters
Trump embarks on the first visit by a U.S. president to China in nearly a…
The surge in energy prices since March 2026 has revived questions about the pass-through to…
Emissions trading systems have been widely studied globally, but less attention has been paid to…
Given the likelihood of elevated inflation readings, the CPI on Tuesday and PPI on Wednesday.…
Oil rises, stocks fall as Middle East ceasefire falters and Strait of Hormuz remains blocked.…
Trump to visit China this week, to discuss Iran with Xi. Gold fell from a…