Amazon’s new boss is facing a sales slowdown as the breakneck pace of expansion fuelled by stay-at-home shopping eases. Andy Jassy, who took over from founder Jeff Bezos earlier this […]
Consumers were a big factor in the second-quarter G.D.P. expansion.
Consumers are fueling the economic recovery. Consumer spending rose 2.8 percent in the second quarter, helping to offset declines in other parts of the economy. Spending on services was particularly […]
Facebook sees profits double to $10bn but warns of slowdown in months ahead
Facebook was given the thumbs down by Wall Street despite doubling quarterly profits as it warned growth will slow sharply in coming months. Shares in the social media giant fell […]
Air New Zealand updates domestic in-flight snack options
Air New Zealand passengers will soon be chowing down on a new variety of snacks while flying – including popcorn, crisps, muesli bars and chocolate. The new in-flight snacks follow […]
Twitter Launches Pilot Test for Shopping
The social commerce boom now has Twitter testing shopping features. On Wednesday, the messaging platform launched a pilot program for a new “Shop Module.” The dedicated space features a carousel […]
Gawker: The Return
Gawker is back. Again. The website known for blunt, gossipy coverage of celebrities, tech entrepreneurs, media figures and anyone else with an inflated ego went live on Wednesday, two years […]
Federal Reserve Keeps Rates Unchanged but Cites ‘Progress’ Toward Its Goals
The Federal Reserve kept interest rates unchanged on Wednesday and said it would continue buying large quantities of government debt, but suggested that it could slow those purchases before long […]
Google Breaks $60B in Revenue, Pledges Focus on Shopping
Google parent Alphabet shattered estimates for second-quarter earnings, reported Tuesday. Over the three months ending in June, the tech company raked in $61.88 billion, which is 62 percent growth over […]
Pinterest’s New Creator Tool Aims to Boost Sales Commissions
Pinterest is getting serious about boosting its shopping powers. On Tuesday, the company unveiled a new tool that lets multimedia content creators make their Idea Pins shoppable and earn money […]
Google wants to relocate engineering team from US to NZ – immigration allowing
Google setting up its first New Zealand-based engineering team – a group that will work on new areas for an existing, un-named privacy and AI project. But staffing up the […]