Asian stocks lower, $US firms as Fed focus intensifies
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Stocks rise, dollar drifts ahead of US inflation report
Asian stocks rose on Wednesday while the dollar drifted lower as traders weighed mixed US producer price data and braced for the crucial consumer price report later in the day that is likely to influence the Federal Reserve’s near-term policy path. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.38 per cent, scaling a […]
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Shopify stock plunges after warning of gross margins dip in Q2
Shopify (SHOP) shares are plunging after the company announced it expects decreasing gross margins during the current quarter as it navigates the fallout from the sale of its logistics business to Flexport. Shares fell nearly 20% in extended hours trading, as Shopify also expects its revenue to take a hit. Wall Street is bearish on the stock as the company currently faces higher operating costs and weakened consumer spending. For more expert insight and the latest market action, click here to...
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Disney's Stock Price Just Plunged. Is Now the Time to Invest?
Walt Disney (NYSE: DIS) recently reported its fiscal second-quarter earnings, and it's fair to say that investors weren't too impressed. The...