Yahoo Finance's Rick Newman breaks down how retailers are approaching pricing when dealing with excess inventories and high inflation costs and how consumers are responding to recession worries and volatile markets.
Shares of Jumia Technologies (NYSE: JMIA) popped 12.6% this week, according to S&P Global Market Intelligence. The African e-commerce, payments, and logistics company reported strong growth in the first quarter that likely impressed the investor community. Jumia operates as an Amazon clone in many African nations.
Some analyst love boosted shares of the e-commerce kingpin on an otherwise dreary day on Wall Street.