Amazon's Prime Day event clocked record sales this year, as U.S. consumers spent $14.2 billion across July 16 and 17, according to Adobe Analytics. This marks an 11% jump from last year's $12.7 billion total.
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Outside of NVIDIA's (NASDAQ: NVDA) recent share price going stratospheric, Amazon (NASDAQ: AMZN) has been a Wall Street darling since the company IPO'd in May 1997 at a split adjusted price of $.07.
A British union has filed a legal challenge against Amazon , accusing the U.S. ecommerce giant of inappropriately influencing warehouse workers to vote against unionisation.
U.S. shoppers spent a record $14.2 billion online during Amazon's two-day Prime event, up 11% year over year, according to Adobe Analytics data. Consumer electronics and back-to-school products were among the top categories.
Amazon.com Inc.'s stock AMZN, -2.64% was up by 1.3% in premarket trading on Thursday after it said its annual Prime Day set fresh sales records. With millions of deals in more than 35 categories, Amazon said the event earlier this week ranked as its biggest, with “record sales and more items sold during the event than any previous Prime Day event.
With many expecting Trump to win the election in November, his economic policies could significantly impact stock prices. For one, Trump's proposed corporate tax rate cut from 21% to 15% would immediately increase Amazon's (NASDAQ: AMZN ) earnings.
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Amazon Prime Day's opening day reportedly generated $7.2 billion in U.S. sales. That's according to a report Wednesday (July 17) by Reuters, citing data from Adobe Analytics.
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As Amazon.com, Inc. AMZN gears up for its next earnings report, investors are eyeing more than its e-commerce performance.