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Stocks

“Shopify shares soar 17% after earnings top expectations, company gives upbeat forecast”

“…Here’s how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG: The company said gross merchandise volume, or the total volume of merchandise sold on the platform, jumped 22% during the… Continue Reading…

Economy

“Euro zone inflation rises to 2.6% in July, above expectations”

“Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union’s statistics agency said Wednesday. Core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, hit 2.9% in July, which was higher than expected.… Continue Reading…

Economy

“Loonie Surges After Canada Job Gains Blow Past Expectations”

“…The country added 90,000 jobs in April, driven by part-time positions, while the unemployment rate held steady at 6.1%, Statistics Canada reported Friday in Ottawa. The figures beat expectations for a gain of 20,000 positions and a jobless rate of… Continue Reading…

Stocks

“Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall”

“…ASML’s stock was down around 4.5% in early European trade after the results. Here’s how ASML did versus LSEG consensus estimates: Net sales fell 21.6% year-on-year while net income dropped 37.4%. ASML’s net sales fell in the middle point of… Continue Reading…

Precious Metals

“Gold prices hit another record high after fresh U.S. data spurs Fed cut expectations”

“Gold prices scaled to another record high Monday, propelled by U.S. interest rate cut expectations and the metal’s appeal as a safe haven asset. Spot gold added 0.3% to trade at $2,240.04 per ounce. U.S. gold futures rose 0.8% to settle at $2,257.10… Continue Reading…

Economy

“Private payrolls increased by 103,000 in November, below expectations, ADP says”

“…Companies added just 103,000 workers for the month, slightly below the downwardly revised 106,000 in October and missing the 128,000 Dow Jones estimate. Along with the modest job growth came a 5.6% increase in annual pay, which ADP said was… Continue Reading…

Economy

“US economy still resilient as retail sales beat expectations, layoffs stay low”

“U.S. retail sales unexpectedly rose in November as the holiday shopping season got off to a brisk start amid deep discounting, likely keeping the economy on a moderate growth path this quarter and further alleviating fears of a recession. The… Continue Reading…

Business, Stocks

“Novo Nordisk Stock Jumps As Wegovy Sales Skyrocket 734%, Crushing Expectations”

“…For the September quarter, Novo’s sales climbed 29% to 58.73 billion Danish krone, or roughly $8.39 billion, based on today’s exchange rates. That topped the FactSet-polled analyst view for 57.88 billion Danish krone. Adjusted profit came out 5.02 Danish krone… Continue Reading…

Business, Stocks

“Netflix stock surges 13% as profit beats expectations, ad-tier subscriptions rise”

“Netflix shares surged Thursday morning, after the company reported a boost in subscriber growth driven by a password-sharing crackdown efforts and interest in its new ad-supported tier. The streaming giant said after the market closed Wednesday that it had added 8.76 million global… Continue Reading…