{
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Matthew Hiller, who creates anti-Musk bumper stickers, has seen his business, MadPufferStickers, soar to $100,000 in monthly sales, driven by Tesla owners wanting to distance themselves from Elon Musk's controversial actions. Following Musk's political endorsements, daily sales jumped from 300 to 500. Meanwhile, Tesla shareholders are divided on Musk's leadership, with some calling for a new CEO as the company's stock has dropped 24% this year.
J.P. Morgan Payments has expanded its services through partnerships with Walmart and Affirm, enhancing its embedded finance solutions for Walmart Marketplace sellers. This integration allows businesses to manage payments seamlessly while Affirm's pay-over-time options will be available to U.S. merchants using J.P. Morgan's platform, offering consumers flexible repayment plans. These moves position J.P. Morgan and its partners to compete effectively in the evolving retail and BNPL markets.
Etsy insiders have sold 24,666 shares worth $1.29 million in the last 90 days, with corporate insiders owning 2.60% of the stock. Institutional investors hold 99.53% of shares, with several firms increasing their positions in the fourth quarter. Analysts have mixed ratings, with a current average target price of $58.42.
As Black Friday approaches, experts warn that many sales may not offer significant savings, with 41% of items at major retailers showing no price reductions compared to pre-Black Friday prices. While discounts can reach up to 50% on some items, premium brands typically offer less than 30%. Shoppers are advised to be cautious of misleading pricing tactics and to consider waiting for better deals on beauty products and footwear during Cyber Monday and Travel Tuesday for travel discounts.
The SMI is up in pre-market trading, while Wall Street faces pressure following disappointing tech results. Estee Lauder's shares have plummeted due to weak business in China, despite a rise in the Caixin/S&P Global PMI for manufacturing, indicating a slow economic recovery. Economists suggest that achieving China's 2024 growth target hinges on boosting consumer demand and household disposable income. The Shanghai Stock Exchange rose 0.6%, with major companies in Shanghai and Shenzhen gaining 0.9%.
eBay's shares fell nearly 9% in after-hours trading following a disappointing fourth-quarter revenue forecast, predicting between $2.53 billion and $2.59 billion, below analyst expectations of $2.65 billion. Despite reporting third-quarter earnings of $1.19 per share and revenue of $2.58 billion, the company faces increasing competition from rivals like Amazon and Walmart. eBay's gross merchandise volume grew 2% year over year to $18.3 billion, surpassing projections, as it focuses on niche markets and leverages AI tools to enhance user experience.
Rachel Jimenez, a 36-year-old entrepreneur and mother, transitioned from an unfulfilling 9-to-5 job to generating over $10,000 monthly in passive income through digital products on Etsy. Influenced by key books on mindset and financial independence, she emphasizes the importance of a positive internal dialogue, avoiding debt, and investing wisely to achieve personal and professional fulfillment. Her journey highlights the value of designing a life that aligns with one's strengths and aspirations.
Etsy, Inc.
Companies
| Symbol | ETSY |
| Name | Etsy, Inc. |
| Currency | USD |
| Sector | Consumer Discretionary |
| IndustryGroup | Retailing |
| Industry | Internet & Direct Marketing Retail |
| Market | NASDAQ Global Select |
| Country | United States |
| State | NY |
| City | Brooklyn |
| Zipcode | 11201 |
| Website | http://www.etsy.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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