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Ebay slashes 6% of workforce as e-commerce firm realigns operations
Reuters· 2026-02-26 14:12
Ebay said on Thursday it is cutting about 800 jobs, or roughly 6% of its fulltime workforce, as the ecommerce company moves to streamline operations and align staffing with its strategic priorities. ...
California seeks injunction to stop Amazon's alleged stifling of price competition
Reuters· 2026-02-24 16:03
Core Viewpoint - California's Attorney General is seeking a preliminary injunction against Amazon, alleging that the company engages in anti-competitive practices by pressuring merchants to inflate prices, thereby stifling price competition in the market [1]. Group 1: Allegations Against Amazon - The California AG claims that Amazon's actions aim to insulate itself from price competition by preventing lower retail prices from being available elsewhere [1]. - It is alleged that Amazon has pressured merchants to agree on fixed prices, ensuring that it is not undercut by competitors like eBay, Target, and Walmart [1]. - Merchants who do not comply with Amazon's pricing demands risk being cut off from access to Amazon's "Buy Box," which is crucial for sales on the platform [1]. Group 2: Legal Proceedings - A trial regarding the antitrust case against Amazon is scheduled for January 2027 [1]. - The proposed injunction seeks to halt Amazon's alleged anti-competitive conduct while the case is ongoing, with a monitor suggested to oversee compliance [1]. Group 3: Amazon's Defense - Amazon argues that its agreements with merchants are legal and pro-competitive, claiming they benefit consumers by enhancing product selection and competitive pricing [1].
Etsy Momentum Drops Following Mixed Q4, Despite Fashion Marketplace Depop Sale To eBay
Benzinga· 2026-02-24 13:24
Etsy Inc. (NYSE:ETSY) saw its momentum ranking slide to the 19.26th percentile this week, reflecting a persistent downward trend in relative price strength and volatility compared to the broader market.Negative Price Trends PersistThe Benzinga Edge rankings currently signal broad technical weakness for Etsy, with the stock showing negative price trends across short, medium, and long-term horizons. These indicators signify that the stock has remained in a downward trajectory over the past several months, qua ...
Stocks to watch as Trump's new tariffs spell more uncertainty
Reuters· 2026-02-23 17:21
Stocks to watch as Trump's new tariffs spell more uncertainty | ReutersSkip to main content[Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv]A trader works on the floor, as a screen displays U.S. President Donald Trump during a press briefing at the White House following the Supreme Court's ruling on tariffs, at the New York Stock... [Purchase Licensing Rights, opens new tab] Read more- Companies[Alcoa Corp]Follow[Alibaba Group Holding Ltd]Follow[Best Buy Co Inc ...
Benzinga Bulls And Bears: eBay, Carvana, Devon — And Supreme Court Nixes Trump Tariffs Benzinga Bulls And Bears: eBay, Carvana, Devon — And Supreme Court Nixes Trump Tariffs
Benzinga· 2026-02-21 13:01
Market Overview - U.S. markets experienced modest gains after a volatile trading week, influenced by mixed economic data, geopolitical events, and upcoming corporate earnings [2] - Major indexes, including the S&P 500, Dow Jones Industrial Average, and Nasdaq, ended higher following a Supreme Court ruling that invalidated former President Trump's tariff regime, which provided a relief bounce [2][3] - Despite the gains, traders remained cautious due to rising Treasury yields and underperformance of the Russell 2000 compared to large-cap stocks, indicating ongoing rotation out of risk assets [2] Tariff and Economic Sentiment - The Supreme Court's 6-3 ruling against broad tariffs imposed under emergency powers alleviated cost pressures for importers and positively impacted stocks related to consumer and industrial demand [3] - However, President Trump indicated plans to implement a new 10% global tariff under different trade laws, maintaining uncertainty around trade policy and its impact on market sentiment [3] - The backdrop of 1.4% GDP growth and persistent core inflation contributed to mixed macroeconomic signals, leading to cautious sentiment among traders [3] Upcoming Catalysts - Investors are preparing for significant upcoming events, including key technology earnings and economic indicators that may influence the Federal Reserve's policy outlook [4] - The focus on AI-related sector scrutiny is expected to play a crucial role in shaping market direction in the near term [4] Stock Highlights Bullish Sentiment - Jim Cramer expressed confidence that Microsoft will perform exceptionally well, noting the stock is currently 25% below its peak [5] - Rackspace saw a significant surge of 217% from its lows as it tested a key long-term trend barrier [5] - Small-cap stocks are showing signs of recovery, which is interpreted as a positive macroeconomic signal [5] Bearish Sentiment - Copart's stock declined following disappointing Q2 earnings results [5] - The "Magnificent 7" saw substantial losses, with the 10 richest individuals losing significant wealth in 2026 [5] - Palo Alto Networks experienced a drop in stock price, raising concerns among investors [5]
Trump's Global Tariffs Struck Down by Supreme Court
Bloomberg Television· 2026-02-20 15:23
This latest headline coming in from the Supreme Court. Global tariffs struck down by the Supreme Court. So today was going to be the fate of whether or not Trump's epitaphs, which about 60 to 75% of the tariff policy right now in the United States is based off of and the Supreme Court making this decision a red hat across the Bloomberg terminal.Trump's global tariffs are struck down by the US Supreme Court. So this means that the Supreme Court has decided that using EPA, which this administration has done w ...
Etsy Inc (NASDAQ:ETSY) Targets Growth with Strategic Moves
Financial Modeling Prep· 2026-02-20 06:06
Barclays sets a price target of $72 for Etsy, indicating a potential increase of 49.56%.Etsy announces the sale of its secondhand clothing business, Depop, to eBay for $1.2 billion in cash, aiming to streamline operations.The company's fourth-quarter earnings report shows a diluted earnings per share of $0.92 and revenue of $882 million, surpassing Wall Street's expectations.Etsy Inc (NASDAQ:ETSY) is a well-known e-commerce platform that focuses on handmade, vintage, and unique factory-manufactured items. T ...
eBay Is Finally Worth Bidding For (Upgrade)
Seeking Alpha· 2026-02-20 00:01
Group 1 - The article emphasizes the focus on cash flow and the potential for value and growth in the oil and natural gas sector [1] - Crude Value Insights provides a service that includes a 50+ stock model account and in-depth cash flow analyses of exploration and production (E&P) firms [1] - Subscribers have access to live chat discussions about the sector, enhancing community engagement and information sharing [1] Group 2 - A two-week free trial is offered to new subscribers, encouraging them to explore the services related to oil and gas investments [2]
Etsy Shares Jump 11% as Depop Sale Offsets Revenue Miss
Financial Modeling Prep· 2026-02-19 22:49
Core Insights - Etsy reported fourth-quarter earnings that exceeded Wall Street expectations on earnings per share, while revenue slightly missed forecasts. The stock surged over 11% intra-day following the announcement of the sale of Depop to eBay for $1.2 billion in cash [1] Financial Performance - The company posted earnings per share of $0.92, surpassing analyst estimates of $0.85. Revenue reached $881.6 million, reflecting a year-over-year increase of 6.6% when excluding Reverb from the prior-year period, but was marginally below the consensus estimate of $884.14 million [2] - Adjusted EBITDA was reported at $222.5 million, resulting in a consolidated adjusted EBITDA margin of approximately 25.2%. Gross merchandise sales (GMS) totaled $3.59 billion, marking a 2.4% year-over-year increase, or 1.3% growth on a currency-neutral basis when excluding Reverb. The quarterly take rate was 24.5% [3] Future Guidance - Looking ahead, Etsy provided guidance for first-quarter 2026 GMS in the range of $2.38 billion to $2.43 billion, with an expected adjusted EBITDA margin of roughly 28% to 30%. The company also forecasted a first-quarter take rate of approximately 25.5% [4]
Trump Threatens Iran on Talks | Balance of Power: Early Edition 2/19/2026
Bloomberg Television· 2026-02-19 22:21
>> LIVE FROM WASHINGTON, D.C., THIS IS "BALANCE OF POWER," WITH JOE MATHIEU AND KAILEY LEINZ. JOE: PRESIDENT TRUMP SUPPORTIVE PIECE HOLDS ITS FIRST MEETING EVEN AS HE ASSEMBLES THE BIGGEST MILITARY BUILDUP SINCE THE INVASION OF IRAQ IN 2003. THAT HAPPENING AS WE SPEAK IN THE MIDDLE EAST. I'M JOE MATHIEU ALONGSIDE KAILEY LEINZ IN WASHINGTON. THANK YOU FOR BEING HERE ONE OF US FRIDAY EDITION. THE PRESIDENT PIVOTS TO AFFORDABILITY. KAILEY: TWO AREAS OF FOCUS. ONE ABROAD AND ONE HERE AT HOME, WHERE HIS CHIEF OF ...