President and founder of Nicholas Wealth Management David Nicholas says the U.S. consumer is ‘singlehandedly carrying the global economy on its back’ in spite of inflation on ‘Varney & Co.’
Shoppers are expected to spend a record $14 billion during this year’s Prime Day, Amazon’s two-day sales event.
Adobe Analytics, which analyzes over 1 trillion commerce transactions online, projected that the first day of the event will drive $7.1 billion in online spending, up 11.3% year over year. The second day is expected to bring in $6.9 billion online, up 9.2% year over year.
AMAZON LAUNCHING SHEIN, TEMU COMPETITOR WITH DIRECT SHIPPING FROM CHINA
Amazon Prime delivery person in van sorting packages, Queens, New York. (Lindsey Nicholson/UCG/Universal Images Group via Getty Images / Getty Images)
Buy now, pay later (BNPL) services continue to drive some of the spending as it provides…
