In their quarterly reports, companies like Home Depot (HD), Starbucks (SBUX), and eBay (EBAY) have noted that consumers are beginning to pull back and become more discretionary with their spending. Walmart (WMT) reported growth in its eCommerce business, although in an interview with Yahoo Finance, Walmart CFO John David Rainey noted consumers' wallets are "stretched." Yahoo Finance Anchors Madison Mills and Seana Smith discuss the state of the consumer. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino
Today's IBD Screen Of The Day highlights Nvidia's chipmaker Taiwan Semiconductor, Amazon stock and Costco Wholesale.
eBay Inc. (NASDAQ: EBAY), a global commerce leader that connects millions of sellers and buyers around the world, today announced its inaugural Recommerce Day, which will be recognized on May 21, 2024 and will coincide with the release of the annual eBay Recommerce Report. Now in its fourth year, the report has traditionally measured eBay seller and buyer insights and motivations around pre-loved shopping. This year, the company provides a broader understanding of the importance of recommerce no