Afternoon Coffee: Amazon Prime Day Proves to be a Success, Import Prices Rise in June

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Yesterday’s Amazon Prime Day proved to be a successful day of sales for the online retailer. Earlier reports showed sales were relatively flat in the U.S. compared to last year’s Prime Day. However, today Amazon reported worldwide orders increased more than 60% and U.S. orders alone rose by more than 50%.

U.S. import prices rose 0.2% in June due to higher fuel prices, according to new data out today from the U.S. Bureau of Labor Statistics. June export prices were also up by 0.8%, and second quarter overall export prices grew 2.4% — the largest three-month advance since May 2011.

General Motors believes autonomous vehicle technology will roll out to the mass market much quicker than most people expect. GM president Dan Ammann also said at a recent tech conference that the carmaker believes autonomous vehicles will lead to lower fatalities on the road.

The Venezuelan government has taken over a Kimberly Clark Corp. plant in the country after the company shut down operations due to a shortage of raw material supplies. Imports have fallen to a more than 50-year low in Venezuela.

 

 

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First Voice

  1. atul:

    Great News……..

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