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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 discounts on the e-commerce platform, Adobe Analytics data on Thursday showed. Amazon said over the two-day event, Prime members bought more than 375 million items worldwide and saved more than $2.5 billion on several deals, making it the biggest Prime Day event ever. The second day saw an increase in sale of back-to-school items including stationary and office supplies, said Vivek Pandya, lead analyst at Adobe Digital Insights...

As expected, e-commerce giant Amazon shares are gaining in the wake of its Prime Day sales event. Members bought more than 375 million items worldwide...

Investing.com -- The S&P 500 extended its rally Thursday, underpinned by better-than-expected quarterly earnings and a Google-led surge in tech after the search-engine giant launched its Chat-GPT rival, Baird, in Europe and Brazil...

(Bloomberg) -- US shoppers spent $12.7 billion online during Amazon.com Inc.’s 48-hour Prime Day, up 6.1% from a year ago but short of estimates for 9.5% growth, according to Adobe Inc.Most Read from BloombergEx-Celsius CEO Mashinsky Charged in Latest DOJ Crypto CaseDeSantis Says No Thanks to $377 Million in US Energy FundsFund Titans Are Betting on Everything Gaining Against the DollarSingapore Minister Faces Most Serious Graft Probe Since 1986NATO Is Papering Over the Cracks After Zelenskiy Lo...

Amazon said Thursday it had its biggest Prime day event ever this year. The e-commerce company, as in past years, did not reveal how much money it earned during the two-day sales event, which took place on Tuesday and Wednesday and offered a plethora of deals on electronics, home goods and other items. It also said sales growth for independent sellers on Amazon outpaced the company's retail business during the discount event...

Artificial intelligence (AI) is changing the way the world works, for better or for worse. Amazon (NASDAQ: AMZN) is a top AI stock, and it's already up over 50% this year. There is simply no company on this planet that can compete with Amazon's e-commerce operations right now...

In the second quarter, the portfolio benefitted from the rise in the technology stocks, especially Nu Holdings, AMD, and Amazon.com...

(Reuters) -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 discounts on the e-commerce platform, Adobe Analytics data on Thursday showed. Shoppers spent $6.3 billion on the second day of the big sale as deep discounts on products such as toys and appliances drew in customers who have otherwise cut their non-essential purchases due to rising prices. Amazon said over the two-day event, Prime members bought more than 375 million items worldwide and saved more than $2.5 billion on several deals, making it the biggest Prime Day event ever...