Latest News
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Shopify forecasts revenue above estimates as AI efforts pay off; shares surge
Shopify SHOP-T +16.51%increase projected current-quarter revenue growth above Wall Street estimates on Wednesday, signalling the company’s AI efforts were drawing more merchants to its suite of e-commerce services and driving broader consumer demand, sending its shares up about…
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Thomson Reuters raises full-year revenue outlook with focus on AI rollout
Thomson Reuters TRI-T -7.07%decrease lifted its full-year organic revenue forecast on Wednesday, with CEO Steve Hasker saying that the Toronto-based content and technology company’s focus was on investing and developing AI across its portfolio. The company said last…
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Gold rises on softer oil prices; U.S. jobs data, Fed rate outlook on tap
Gold prices gained on Tuesday, supported by a decline in oil prices that tempered inflation fears and lowered U.S. interest rate hike bets, while markets awaited further clues on the Federal Reserve’s policy path. Spot gold rose 0.6% to $4,078.10 per ounce, while U.S gold futures…
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Oil prices tumble after Bessent says Strait of Hormuz deal may come this week
Oil prices fell sharply Tuesday after Treasury Secretary Scott Bessent indicated there may be a deal to open the Strait of Hormuz as soon as this week. Brent, the international oil benchmark, slid 5.3% to…
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Suncor Energy beats quarterly profit estimates
Suncor Energy SU-T -3.56%decrease on Tuesday beat analysts’ estimates for second-quarter adjusted profit, helped by higher crude price realizations and stronger refining margins. Oil prices, boosted by the Iran war, have strengthened earnings prospects for Suncor and its…
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Upcoming small-cap earnings:
Aug. 5: Chorus Aviation Inc. (CHR-T), Flagship Communities REIT (MHC-UN-T), Kinaxis Inc. (KXS-T), Doman Building Materials Group Ltd. (DBM-T), Propel Holdings Inc. (PRL-T), Xanadu Quantum Technologies Ltd. (XNDU-T), Thinkific Labs Inc. (THNC-T), AirBoss of America…
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AMD forecasts revenue above Wall Street estimates on strong demand for AI chips
AMD forecast quarterly revenue above Wall Street estimates on Tuesday, banking on strong demand for its chips from massive data-centre capacity expansions to power AI technologies. Yet, its shares fell more than 7 per cent…
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Spotify forecasts weak profit as user growth slows in North America, Europe
Spotify SPOT-N -1.68%decrease forecast third-quarter profit below Wall Street estimates on Tuesday, after the streaming giant reported slowing user growth in major markets of Europe and North America, driving shares nearly 4 per cent lower in premarket trading.…
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Brookfield, Cameco plan IPO of jointly owned nuclear power company Westinghouse
Nuclear reactor vendor Westinghouse Electric Co. has confidentially filed for a U.S. initial public offering, its owners revealed on Friday, as demand for new sources of nuclear power attracts renewed interest from investors. Westinghouse is…