eBay is a global online marketplace that connects buyers and sellers, allowing individuals and businesses to buy and sell a wide variety of goods and services. The platform primarily facilitates consumer-to-consumer and business-to-consumer transactions through its auction-style listings and fixed-price offerings. eBay also provides tools and services to enhance the buying and selling experience, including payment processing, shipping solutions, and buyer protection programs. With a vast selection of products, ranging from electronics and fashion to collectibles and home goods, eBay has established itself as a prominent player in the e-commerce industry. Read More
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A number of stocks jumped in the afternoon session after markets continued to rally as the latest inflation data reinforced expectations for a Federal Reserve rate cut as soon as September. The latest Consumer Price Index (CPI) report for July showed inflation holding steady, reinforcing market expectations that the Federal Reserve could begin cutting interest rates as soon as September. Lower interest rates generally stimulate the economy by making borrowing cheaper for consumers and businesses. This can lead to increased consumer spending and e-commerce activity, which directly benefits online retail and marketplace companies. The positive economic outlook fueled a broad-based rally, pushing the S&P 500 and Nasdaq to new record highs and lifting most growth-oriented technology stocks.
