Economy
eBay is just OK, but the US economy seems to be recovering
It feels a bit like one of those “it looked better in the photos” moments… Good try: eBay closed out Q2 with higher-than expected revenues of $2.54B instead of the predicted $2.51B. Great. But that’s where the party slows down. Despite acquiring an AI-powered apparel authentication system, spending heavily to enhance categories like auto parts and refurbished goods,…
Consumers are cutting back on nonessentials
You’re probably going to see fewer “impulse buys” over the next few months… About 70% of US consumers plan to cut back on nonessential spending. 15% plan to stop completely as the recession continues, a new PwC study shows. Money balks: Half of the consumers surveyed said they’re very concerned about their personal financial situations, and 11%…
