AMAZON PRIME DAY DRIVES U.S. ONLINE SALES TO RECORD $14.2 BILLION

Summary from the TLDR newsletter

Online spending during this year's 48-hour Amazon Prime Day event was up 11% year-over-year, with customers spending $14.2 billion. The strong showing was driven by back-to-school shopping and an apparent product refresh cycle. Consumer behaviors during the sale indicate a shift to more conscious shopping and a preference for saving over splurging.