News
Was Amazon Prime Day successful?
Amazon Prime Day has been one of the biggest days in e-commerce history, and this year was no different despite supply chain issues
Amazon Prime Day saw sales boom in the US despite concerns of supply chain disruptions.
A robust spending appetite limited the level of discounts on popular products like electronics.
Total online sales across all U.S. retailers jumped 8.7% from last year’s levels to $5.6 billion USD, according to data from Adobe’s Digital Economy Index.
Adobe did not provide a breakdown of the data.
Amazon uses deals to boost the number of subscribers to its loyalty club Prime.
This year, the event coincided with the lifting of COVID-19 lockdowns and restrictions in many countries around the world, as well as stiffer competition among some of the most popular retailers that use Amazon as a seller platform.
On day one of the events, larger retailers saw online sales rise 28%.
Analysts estimate this year’s total Prime Day sales will range from $9.5 billion to $12 billion, which would be a record for the event.
From toys, home appliances and our favourite electronics, there was plenty of discounts offered on Amazon.
Some retailers that use the Amazon platform have reported supply chain challenges this year caused by COVID-19 disruptions. This resulted in high shipping costs, limited warehouse capacity and shortages of key items such as chips for electronic goods.
Crypto
Crypto crash alert: Bitcoin and Ethereum plunge amid market turmoil
Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.
Crypto market downturn hits Bitcoin and Ethereum; insights on volatility, recovery, and long-term targets from Oz Sultan.
The crypto market is facing a sharp downturn as Bitcoin and Ethereum see significant losses, sparking concerns among investors. Analysts warn of continued volatility but remain cautiously optimistic about a rebound by 2026–2027.
We sit down with Oz Sultan from Sultan Interactive Group to break down what’s driving this market shake-up. From $608 million in liquidations to the impact on overall market sentiment, we explore what this means for both short-term traders and long-term investors.
Get insights on Bitcoin’s long-term targets, potential recovery trends, and what historical data suggests for the future of cryptocurrency.
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News
Airbus hit by new A320 fuselage panel defect triggering share price drop
Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.
Airbus faces manufacturing issues with A320 fuselage panels, impacting shares but confirming safety for in-service aircraft.
Airbus is confronting a fresh manufacturing issue after discovering a quality defect in several dozen fuselage panels used on A320-family jets. The revelation sparked investor concern, with shares falling by up to 10% as the news broke.
While the newly identified flaw has caused some delivery delays, Airbus confirms that aircraft already in service are safe and unaffected. The defect is limited to a specific batch of panels, and all new production now meets required standards.
The company has apologised for the disruption and says it is working closely with suppliers to prevent a repeat of the issue.
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#Airbus #A320neo #AviationIndustry #Manufacturing #AviationSafety #StockMarket #Aerospace #TickerNews
News
Bitcoin tanks as markets turn risk-off and tech stocks slide
Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.
Bitcoin drops over 7% to $84,555, its lowest in a week, amid waning investor confidence and bearish market pressures.
Bitcoin has suffered a sharp decline, falling more than 7% and slipping to $84,555 — its lowest point in over a week. After a brutal November where BTC shed more than $18,000, its biggest dollar drop since mid-2021, investor confidence is wavering. Analysts say multiple pressures, including negative ratings for major stablecoins, are amplifying bearish sentiment across the market.
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#Bitcoin #CryptoNews #Markets #TechStocks #Investing #Blockchain #FinancialNews #TickerNews
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