Jack Ma engineered Alibaba’s breakup from overseas
Chinese billionaire and Alibaba founder Jack Ma worked from outside China to orchestra the breakup on ecommerce retailer Alibaba Group.
Alibaba to split into 6 units, explore separate IPOs
News of the restructuring comes one day after Alibaba founder Jack Ma was spotted at a primary school in Hangzhou, marking his first public appearance in mainland China in over a year.
Petco, Freshpet launch subscription pet meal program for dogs
As part of the newly announced partnership, Freshpet and Petco will produce and deliver customized subscription meal plans to pet owners in 15 states before expanding nationwide.
More people are delaying paying up front
Consumers are increasingly relying on Buy Now, Pay Later services in order to cover the costs of their daily expenses amid the uncertain economic environment.
Silicon Valley Bank items hit eBay days after collapse
Days after Silicon Valley Bank, the 16th largest bank in the U.S. collapsed, several listings appeared on eBay for what sellers are calling "authentic" corporate swag.
Amazon, Rivian in talks to end exclusivity part of delivery-van pact
Amazon.com Inc. and Rivian Automotive are revisiting their exclusive electric van deal as the electric truck maker seeks to sell to others, The Wall Street Journal reported exclusively, citing people familiar with the matter.
How Lego beat Barbie and Monopoly
Lego has beaten out Mattel and Hasbro to become the world's largest toy company. The dutch brick maker has used pop culture and media to maintain excitement.
Alibaba posts lackluster growth, hit by China’s pandemic control measures
Alibaba’s quarterly revenue rose 2% from a year earlier as the Chinese tech company recovers from last years zero-covid lockdowns and a recent regulatory crackdown.
Walmart sells Moosejaw to Dick's Sporting Goods
Dick’s Sporting Goods will purchase outdoor outfitter Moosejaw from Walmart for an undisclosed amount.
Amazon stock drop has workers facing pay squeeze
Corporate employees for tech-giant Amazon will see a 15-50% drop in salaries in 2023 due to the stock’s underperformance in 2022.
They want a co-pilot: Dr. Vinay Nair
Dr. Vinay Nair, TIFIN CEO and founder, discusses how he views investing with artificial intelligence and how customers can use it on 'The Big Money Show.'
Super Bowl betting heads for another record year
The American Gaming Association says a record 50.4 million Americans are expected to bet $16 billion on Super Bowl LVII, more than double last year's projections.
Carvana stock soars - why?
Shares of online used car dealer Carvana are up in trading as the supply in used car strengthens and the prices of new cars remain at all time highs.
Kids pajamas sold at Etsy, Macy's recalled for burn risks
The Consumer Product Safety Commission announced a recall for over 38,000 children's pajama sets that do not meet federal flammability standards and pose burn risks to kids.
US labor board upholds Amazon workers' union victory
A U.S. labor board director upheld an Amazon worker's union victory, moving the e-commerce giant closer to negotiating a contract.
Chinese billionaire Jack Ma to give up control of Ant Group
A restructuring of China's Ant Group has founder and billionaire Jack Ma giving up control of the company.
Online holiday spending reaches record $211B, Adobe says
Online holiday shoppers spent just over $211 billion during the holiday season which spans from the beginning of November to Dec. 31, according to Adobe Analytics.
Disney sues Florida online retailer selling knock-off Mickey ears
Disney Enterprises, Inc., is suing a Florida-based online retailer accused of selling knock-off Mickey Mouse ears and other products featuring trademarked Disney properties.
Super Saturday: Record number of consumers expected to shop
A record number of shoppers are expected to hit stores and go online during what's known as Super Saturday. It's the last Saturday before Christmas and a key revenue-generating day for businesses.
Traditional retail stocks are kicking Amazon's butt
Consumers are back in shopping centers as traditional retail stocks rebound on Wall Street while outperforming Amazon, Overstock and eBay.