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Amazon Prime Day Sales Rise 9% Year Over Year, Topping $26 Billion
Amazon Prime Day Sales Rise 9% Year Over Year, Topping $26 Billion
Americans spent a record $26.4 billion during Amazon's four-day Prime Day sales event, a 9.3% increase from a year earlier, per Adobe Analytics and according to Reuters.
The gains were fueled by heavy promotions across categories including electronics, appliances, clothing, toys, personal care products, and household necessities, as consumers looked to maximize savings amid ongoing cost pressures.
Industry analysts said several factors contributed to the stronger spending, including larger tax refunds and early back-to-school purchases, which gave many households extra...
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European natural gas futures hit their highest level since December 2022 (early days of the Russia-Ukraine conflict) as domestic supplies remain well below the 15-year average. With the Northern Hemisphere winter approaching, the restocking phase may be jeopardized by maritime chokepoint madness across the Gulf and Red Sea, with the Strait of Hormuz and Bab al-Mandab Strait under threat.
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