Apple typically sells tens of millions of iPhones each holiday season, regardless of whether the company offers holiday discounts. But with its HomePod smart speaker officially delayed until next year, a limited supply of the iPhone X and no virtual reality headset, Apple faces intense pressure this shopping season, economist Max Wolff said on Friday. […]

Amazon founder and CEO Jeff Bezos now has a 12-digit fortune, according to an estimate by Bloomberg. Bezos’s net worth surpassed $100 billion on Friday, Bloomberg reported. Amazon shares hit a record on Black Friday — one of the year’s busiest shopping days— joining a broader stock market rally. Bezos, the world’s richest man, owns […]

Shoppers amassed at retailers across the country to shop deep discounts on Black Friday, but many stuck to the sofa and shopped deals from their smartphones. Adobe Insights, which measures 80 percent of online transactions at 100 major U.S. retailers, said mobile transactions are “hitting record highs” this holiday season. “The big story this holiday […]

E-commerce growth is stymieing the importance of online shopping extravaganza Cyber Monday, several market experts told CNBC’s “Closing Bell” on Black Friday. “I don’t think Cyber Monday is as important as it once was because we’re constantly connected. We can shop from anywhere,” said Liz Dunn, founder and CEO of retail analytics software company Pro4ma. […]

Snap is letting companies buy Promoted Stories to highlight their products. Stories, which link several snaps together for 24 hours to create a narrative, represent a new advertising tool for businesses. They can put three to 10 snaps together sequentially, a format that will still be used when Snapchat redesigns its app. HBO purchased the […]

Tesla said this week that its electric trucks will hit the market at a starting price of $150,000. The Tesla Semi “expected base price” is for a truck that the company promises can drive fully loaded at highway speeds for 300 miles on a single charge. The Tesla Semi with a longer-range of 500 miles […]

With online spending up 18 percent since Black Friday 2016, one analyst told CNBC that he has never seen a better holiday sales outlook for e-commerce giant Amazon. “I have to say that this is probably the best setup for Amazon, at least for the holiday shopping season, that I’ve seen in the 15 years […]

“Alexa, sell yourself.” Amazon’s goal this Black Friday appeared to be clear from its promotions and its placement: pump its voice shopping assistants, Echo and Echo Dot. The top advertisement on its page featured four Amazon products, two of which were voice: Echo Dot for $29.99 (down from $49.99) and Echo for $79.99 (down from […]

A fake advertisement that looked like a legitimate link to Amazon was visible in Google search results on Thursday, just ahead of the Black Friday shopping frenzy. The advertisement, first spotted by CBS News, appeared if a user typed “Amazon” into Google Search. It looked like a normal ad but, when clicked, it routed users […]

One of the most anticipated gifts of the year, the Instant Pot, was sold out on Kohl’s website already by the morning of Black Friday. But CEO Kevin Mansell told CNBC that there’s always a way around that, using the retailer’s mobile app and the option to buy online and pick up in the storeshoppers […]