To The Moon

A sharp decline in mining and energy stocks dragged the Australian sharemarket lower on Friday, shrugging off another strong session on Wall Street.The S&P/ASX 200 Index fell by 0.2 per cent, or 11.4

Amazon.com is training its attention on emerging e-commerce players Temu and Shein, viewing the newer platforms as significant threats to its online shopping dominance.Temu and Shein have, for now, supplanted Walmart and Target as focal points in internal Amazon meetings related to retail, people familiar with the matter said. The companies with Chinese roots are expanding in the U.S. and targeting Amazon customers. Temu has gone on an advertising blitz, spending billions of dollars and becoming the top advertiser by revenue on Meta Platforms in 2023, The Wall Street Journal reported this month.Amazon executives are concentrating in part on two aspects of their business they believe will continue to give them a competitive advantage: customer trust and fast delivery. Employees are working to increase the selection of items available for same-day delivery in categories such as electronics, and the company is exploring promotional campaigns that would emphasize reliability and delivery s

Nike warned on Thursday that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world's largest sportswear maker scales back on franchises to save costs.

Both companies could be major players in the AR space, but one is more of a sure thing.