|Day's range||477.60 - 481.80|
Yahoo Finance's Seana Smith and Dave Briggs break down the three biggest stories investors were watching on Monday.
Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the decline in stock for Amazon.
European ecommerce companies that grew quickly in the pandemic are having to adapt to a slowdown in both consumer spending and venture capital funding — forcing a rethink in strategy. “We are not spending as aggressively,” says Daniel Kundt, chief financial officer of KoRo, a German online bulk food retailer. Businesses like KoRo surged during 2021 when ecommerce was the second-fastest growing sector in Europe, according to the latest FT1000 ranking of European companies.