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Is the pandemic-led shopping boom fading?

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Over the past twelve months, consumers have been largely forced to shop on the web as governments enforced wide-sweeping stay-at-home orders

However, as the world reopens, perhaps shoppers are once again returning to brick and mortar stores.

eBay expects its quarterly revenue will be around $2.4 billion, which is below the 2.9 billion figure analysts were anticipating…. with shares in the company falling by 1% as a result.

Ebay’s CEO says as people begin to move around again, online sales will be impacted… but the company’s focus on collectibles, ads and payments is working.

He believes the company will come out of the pandemic stronger than it went into it.

This follows Amazon also recording lower than expected estimates in the second-quarter… with the e-commerce giant anticipating a slower sales growth in the sector.

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.

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Money

Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Money

Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Money

Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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