|Bid||42.30 x 500|
|Ask||43.24 x 1300|
|Day's Range||42.38 - 42.74|
|52 Week Range||31.89 - 46.99|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Sohn Conference co-founder Evan Sohn; Dylan Adelman, 2017 Sohn Idea Contest winner; and CNBC's Jim Cramer discuss the upcoming Sohn Conference and eBay's performance since Adelman pitched the stock for the Sohn Idea Content.
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action after Big Lots reports fourth quarter earnings that fell short on revenue expectations and below Wall Street estimates for comparable sales.
Last month, as part of its push to drive cross-border trade on its platforms, JD.com (JD) opened a regional headquarters for Australia and New Zealand in Melbourne, Australia. The move for a regional office in Australia came at a time when JD was seeing strong demand for Australian and New Zealand products on its e-commerce sites. China’s expanding middle-class population is driving demand for high-quality imported products, and JD and its rival Alibaba (BABA) are making efforts to meet this demand.
Although running a logistics center appears to be the top priority for Amazon (AMZN) in going local in Israel, the company has also reportedly explored selling items to consumers in the country. It turns out that Amazon would avoid the food sector in its initial entry into Israel’s local market.
According to a recent announcement, eBay (EBAY) is buying Giosis’ Japanese assets. The assets eBay is acquiring from Giosis in Japan include online shopping platform Qoo10, which serves about 2.0 million customers in Japan’s eCommerce market.
A big stock buy-back could ease investor concern over the eBay relationship being phased out, analyst says.
Britain said it was considering taxing the revenues of internet companies like Facebook (FB.O) and Google (GOOGL.O) until international tax rules are changed to cope with digital firms that can shift sales and profits between jurisdictions. Finance minister Philip Hammond said on Tuesday he had published a paper setting out proposals for taxing global digital firms before a meeting with his G20 counterparts later this week. Big internet companies have previously paid little tax in Europe, typically by channelling sales via countries such as Ireland and Luxembourg, which have light-touch tax regimes.
The British government will consult on a new mechanism for collecting value-added-tax (VAT) for online sales to ensure that the tax paid by consumers reaches the Treasury, finance minister Philip Hammond said during his spring statement to parliament. "In the Autumn we published a paper on taxing large digital businesses in the global economy and today we follow up with a publication that explores potential solutions," Hammond said.
Of Giosis’s many operations in Asia, eBay (EBAY) singled out the Japan business for purchase. The financial terms of the deal were not disclosed, but Bloomberg reported that eBay was paying $700 million to acquire the assets of Giosis in Japan. The investor reaction to eBay’s deal with Giosis was largely muted, with shares of eBay falling nearly 1.6% on the day it disclosed its purchase of Qoo10 and other Japanese assets of Giosis.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
As Amazon (AMZN) gears up to open more of its Amazon Go outlets, its retail competitors are not sitting idle. Amazon Go is a convenience store concept that allows customers to shop and pay for their purchases without waiting in line at the checkout counter or interacting with a human cashier. The company is reportedly planning to open six more Amazon Go outlets before the end of this year.