President Donald Trump's executive order, which ends de minimis exemptions, is set to take effect on Friday. This will effectively close the duty-free shipping loophole that allowed small commercial packages worth $800 or less to enter the United States without being subject to taxes or tariffs.
Shares of online marketplace Etsy (NASDAQ:ETSY)
fell 3.5% in the afternoon session after extending a sell-off from the previous day as an executive order was signed to eliminate a key U.S. import tax exemption.
The Federal Reserve is on the cusp of a significant shift in its monetary policy, with strong indications pointing towards an interest rate cut in September 2025. This widely anticipated move, primarily influenced by a softening labor market and moderating inflation, has sent ripples through financial markets, igniting optimism among
Shares of online marketplace Etsy (NASDAQ:ETSY)
fell 5.3% in the morning session after reports that a U.S. tariff exemption for many small online purchases is set to end. The exemption, known as 'de minimis,' has allowed many goods from international sellers to be shipped to U.S. consumers without facing import duties.
A number of stocks fell in the afternoon session after markets continued to decline, as investors grew cautious ahead of a key speech by Federal Reserve Chair Jerome Powell. The move came as U.S. equity markets recorded a fifth consecutive day of losses for major indexes like the S&P 500, with technology stocks experiencing the largest declines. Investors have grown wary that the sharp rally in the tech sector since April may have advanced too far. The market-wide caution is largely driven by the upcoming Jackson Hole symposium, a meeting of central bankers, where traders are anxiously awaiting Fed Chair Powell's speech on Friday for guidance on the future path of interest rates.
A number of stocks fell in the afternoon session after markets pulled back as hotter-than-expected wholesale inflation data was released, raising concerns about the future path of interest rates. The U.S. Labor Department reported that the Producer Price Index (PPI), which measures inflation at the wholesale level, jumped 3.3% year-over-year in July, significantly above economists' forecasts of 2.5%. This unexpected increase suggests that cost pressures are building for businesses, which could eventually be passed on to consumers. The hotter-than-expected data prompted investors to scale back bets on an imminent interest rate cut by the Federal Reserve. Higher interest rates can dampen economic activity and negatively affect the valuations of growth-oriented stocks, such as those in the internet sector, leading to a broad market retreat.
A number of stocks jumped in the morning 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.
Online marketplace Etsy (NASDAQ:ETSY) beat Wall Street’s revenue expectations in Q2 CY2025, with sales up 3.8% year on year to $672.7 million. Its non-GAAP profit of $0.69 per share was 36.8% below analysts’ consensus estimates.
Shares of online marketplace Etsy (NASDAQ:ETSY)
jumped 5.5% in the morning session after the company reported second-quarter financial results that showed revenue growth despite a drop in gross merchandise sales.
Etsy is in the middle of multiple initiatives to return to gross merchandise sales growth, starting with increasing the numbers of buyers and sellers on the platform.
