Shopify shares soar 17% after earnings top expectations, company gives upbeat forecast
The company said it saw strong demand for its services, which include software for online merchants, despite “a mixed consumer spend environment.”
Top investors on the market volatility: Oakmark’s Bill Nygren’s buy list
Many investors advise against buying the dip just yet, as they expect it’s better to wait for markets to right themselves before scooping up opportunities.
Weekly mortgage refinance demand soars 16% as rates sink to lowest level in over a year
Mortgage interest rates dropped last week to the lowest level since May 2023, causing a surge in mortgage demand from both homebuyers and especially current homeowners.
10-year Treasury yield rises to 3.94%, back to Friday’s levels
Treasury yields were higher Wednesday as global markets reversed course from Monday’s equity sell-off.
Elon Musk’s support for Trump pushes a corporate customer away from Tesla
Rossmann announced Tuesday it will no longer buy Teslas for its fleet, effective immediately, citing CEO Elon Musk’s pro-Trump political activism.
Reddit reports better-than-expected results for second quarter as digital ad market improves
Reddit reported better-than-expected results in the second quarter, boosted by data-licensing revenue.
Markets are counting on the Fed to head off recession with sizable interest rate cuts
How Chair Jerome Powell and his cohorts react likely will go a long way in determining how investors negotiate a turbulent climate.
Why investors may want to wait before buying the dip: ‘Don’t rush to try to catch a falling knife’
Market observers have yet to sound the all clear on the sell-off, as they expect that stocks have a ways to go until they find a bottom.
Democrats passed over for Harris running mate rally around Tim Walz
Vice President Kamala Harris and Minnesota Gov. Tim Walz are set to face former President Donald Trump and Sen. JD Vance in November’s presidential election.
Microsoft fires back at Delta after massive outage, says airline declined ‘repeated’ offers for help
Microsoft said Delta turned down several offers for help during the flight disruptions following the outage.
