BUYZ ETF

Explaining consumer spending involves a lot of contradictions. Consumer spending is strong.

Explaining consumer spending involves a lot of contradictions. Consumer spending is strong.

Recent data point to a record shopping season for Shopify (SHOP), which saw Black Friday sales grow 22% y/y. Additional reports from Adobe Analytics show a strong $9.8 billion Black Friday season.

Shein, the Chinese fast-fashion behemoth, has confidentially filed for an initial public offering in the United States.

Ride-hailing giant Uber on Tuesday reported third-quarter earnings, which missed estimates. However, the company came up with an upbeat outlook.

Ridesharing stock Uber Technologies (UBER) is expected to report earnings on Nov 7 (before market open).

Instacart shares made their Nasdaq debut on Sep 19, 2023 with a 12% increase in their stock price.

Instacart is targeting a valuation of roughly $8.6 billion to $9.3 billion in its imminent IPO.

Last week, retail sales increased more than expected. It pointed to a resilient consumer despite the Fed's efforts to temper inflation.