eBay, one of the leading online e-commerce marketplaces, experienced a decline in shares during late trading. The drop was a result of the company's disappointing forecasts for the upcoming December holiday quarter. eBay specifically highlighted signs of weakness in its European business as a contributing factor. In terms of financial performance, eBay reported a revenue of … [Read more...] about eBay Shares Drop After Disappointing Forecasts for Holiday Season
Holiday Season
Slowing Consumer Spending Raises Concerns
Economists are closely watching as consumer spending may have slowed down in August, following a stronger-than-expected performance in July. According to estimates from FactSet, retail sales are projected to have increased by only 0.1% in August compared to the previous month. This marks a significant deceleration from July's growth of 0.7%. The deceleration in retail sales … [Read more...] about Slowing Consumer Spending Raises Concerns
