Canada’s Shopify Inc. on Wednesday forecast a slowing pace in first-half revenue growth, indicating the e-commerce boom seen during the pandemic is cooling as retailers shift their focus back to brick-and-mortar stores from online. U.S.-listed shares of the company were down about 6 percent in trading before the bell. Ottawa-based Shopify—which helps merchants set up…
Kraft Heinz Packs Earnings Beat on Raised Prices, Robust Demand
Kraft Heinz Co. posted fourth-quarter sales and earnings above Wall Street expectations on Wednesday, boosted by higher product prices and sustained demand for its packaged foods and condiments. Packaged food makers have been bumping up prices of their products to contend with surging costs of everything from shipping and labor to raw materials such as…
Apple’s Dominance of US Smartphone Market Exceeds 50 Percent Again With iPhone, Samsung Trails Distantly
Apple Inc. boosted its dominance of the U.S. smartphone market in the previous quarter, with Samsung trailing the iPhone maker as a distant second. What Happened Data from Counterpoint Research indicates that iPhone began 2022 on a strong note as it garnered 56 percent of the market share in the fourth quarter of 2021, with…
USTR Report Details Beijing’s Flouting of WTO Norms
Beijing has deliberately fallen far short of both the letter and spirit of World Trade Organization (WTO) rules, requirements, and standards, according to a report issued by the Office of the United States Trade Representative (USTR). Covering calendar year 2021, the document is the 20th such annual report prepared in accordance with the U.S.-China Relations…
Wix.com Stock Slides on Q4 Revenue Miss, Slower Revenue Growth Forecast for Q1
Wix.com Ltd. reported fourth-quarter FY21 revenue growth of 16 percent year-on-year to $328.3 million, missing the consensus of $331.2 million. Wix.com is a global SaaS platform to create, manage, and grow an online presence. Segments Creative Subscriptions revenue increased 15 percent Y/Y to $246.7 million. The Creative Subscriptions bookings climbed 12 percent Y/Y to $264 million. Creative Subscriptions…
After 2 Layoffs, 27-Year-Old Man Turns 10 ‘Side Hustles’ Into a Booming Business
After he was laid off twice, a 27-year-old Louisiana man took stock, then took control of his fate, turning his 10 “side hustles” into a booming business. Today, Tyrone Smith of Houma provides a spectrum of services which range from lawn care to food delivery, to “rent-a-husband,” and home repairs under the tagline, “You Can…
Nordson Set to Replace Xilinx in S&P 500
S&P MidCap 400 constituent Nordson Corp. looks to replace Xilinx Inc. in the S&P 500 effective before the opening of trading on Tuesday, February 15. S&P SmallCap 600 constituent PDC Energy Inc. will replace Nordson in the S&P MidCap 400, and XPEL Inc. will replace PDC Energy in the S&P SmallCap 600. S&P 500 constituent Advanced Micro Devices Inc.’s acquisition…
Firms Rank Victoria As The Toughest Place To Do Business in Australia
Over half of Australian businesses have evaluated Victoria as the most challenging state to do business in the country, adding that they have to pay the highest taxes nationally. The Victorian Chamber of Commerce and Industry (VCCI) released a new report introducing its first index that ranked the cost of operating business in all states…
This Day in Market History: Nasdaq Opens for Business
What Happened? On Feb. 8, 1971, the National Association of Securities Dealers Automated Quotation (Nasdaq) was launched. Where Was The Market? The S&P 500 was at 97.45 and the Dow Jones Industrial Average stood at 882.12. What Else Was Going On? In 1971, Charles Manson was convicted of first-degree murder and sentenced to death, and Walt…
Do You Have a Love/Hate Relationship With Goals?
By Jeffrey Shaw How are all those goals you set for the new year going? If you’re like 43 percent of people, many have been set aside within just this last month, and with a continuing decline after that. For the high-achiever, this begs the question: How do we set big goals without setting ourselves…
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