Canada's main stock index edged lower on Thursday to extend its monthly decline, as losses for financial and gold mining stocks offset a jump in the shares of e-commerce company Shopify and investors weighed an uncertain economic outlook.
Broadcom forecast fourth-quarter revenue below Wall Street estimates on Thursday, on worries bleak enterprise spending and stiff competition in the networking chip space will outweigh benefits from a boom in artificial intelligence-led demand.
The S&P 500 ended lower and the Nasdaq higher on Thursday after U.S. inflation data matched estimates, underscoring expectations the Federal Reserve could pause its monetary tightening, while Salesforce climbed following an up upbeat forecast.
The S&P 500 ended lower and the Nasdaq higher on Thursday
after U.S. inflation data matched estimates, underscoring
expectations the Federal Reserve could pause its monetary
tightening, while Salesforce climbed following an up upbeat
forecast.
What happened
Shares of e-commerce software provider Shopify (NYSE: SHOP) jumped today after the company announced that it's partnering with its biggest rival: Amazon (NASDAQ: AMZN). As of 2 p.m. ET, Shopify stock was up almost 10%.
The S&P 500 rose on Thursday after U.S. inflation data matched estimates, underscoring expectations the Federal Reserve could pause its monetary tightening, while Salesforce climbed following an up upbeat forecast.
YieldMax has expanded its fund lineup with the launch of the YieldMax XOM Option Income Strategy ETF (NYSE Arca: XOMO). The actively managed fund seeks to generate monthly income by selling/writing call options on Exxon Mobil Corp. (XOM). XOMO aims to harvest compelling yields while retaining capped participation in the price gains of XOM. The [...]
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The iShares U.S. Equity Factor ETF is seeing unusually high volume in afternoon trading Thursday, with over 306,000 shares traded versus three month average volume of about 107,000. Shares of LRGF were up about 0.3% on the day.
Wall Street's main indexes edged higher on Thursday after inflation data came in line with estimates, fueling hopes the Federal Reserve could pause its monetary tightening, while Salesforce shares climbed on upbeat forecasts.
Semtech Corporation SMTC joined forces with Oxit, an Internet of Things (IoT) services company, to boost customers' connectivity choices with multiple LoRa networks.With this collaboration, Semtech aims to help device manufacturer
U.S. actor Adam Driver, in Venice to promote his new film "Ferrari", criticised streaming services Netflix and Amazon on Thursday for not giving into demands by actors' and writers' unions in a strike that has hobbled the entertainment industry.
Canada's main index extended gains on Thursday as a jump in Shopify shares lifted the broader technology sector, while pot firms gained after the United States' move to ease curbs on marijuana.
The World Bank and Inter-American Development Bank agreed on Thursday to deepen their cooperation on Western Hemisphere development efforts, including preserving the Amazon rainforest, Caribbean disaster resilience and digital access across Latin America.
Amazon (NASDAQ: AMZN) reported revenue of $134 billion during the three-month period that ended June 30, beating Wall Street estimates by nearly $3 billion. This represented 11% year-over-year growth, an acceleration from the first quarter of 2023. The company registered diluted
In 2022, the Nasdaq Composite index plunged 33% as macroeconomic headwinds curbed consumer discretionary spending and businesses trimmed their budgets. Countless companies across different industries reported declines throughout the year.
How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.
Bitcoin (CRYPTO: BTC) has been volatile lately. After hovering near the $30,000 mark for several weeks, a handful of mildly bearish news items drove the largest crypto down to $26,000. Then, a helpful legal verdict briefly pushed Bitcoin past $28,000 again.
Futures tracking Canada's resources-heavy main stock index rose on Thursday, helped by higher oil prices, while investors awaited more U.S. economic data for further clues on the Federal Reserve's interest rate hike path.