Stocks edged lower on Wall Street as markets look ahead to updates on inflation and how American consumers are feeling about the economy.

JD.

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Americans are spending freely and going back to store shopping, knocking out some of the momentum in online sales from last year when Americans were making many of their purchases exclusively via the internet.

TikTok users will soon be able to buy stuff directly through the short videos on the app.

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The popular short-form video app TikTok, still under U.S. government scrutiny for its Chinese ownership, is moving closer to becoming a marketplace for buying stuff. Canadian e-commerce platform Shopify said Tuesday it's made a deal with TikTok enabling merchants to create “shoppable” video ads that drive customers to online stores. The partnership was announced Tuesday amid stalled negotiations for Walmart to buy a 7.5% stake in the video app. Then, video ads will be automatically generated that could show up in a TikTok user’s video feed and drive customers to Shopify for checkout. Walmart and Shopify are on good terms, having teamed up against Amazon in June on a deal that enables Shopify’s small businesses to get listed on Walmart.com.