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Shopify shares soar 22% after earnings top expectations, upbeat forecast – Aug 8

Posted on
08/08/2024
by
moneysmart-girl

 

Trends to Watch
That’s All Folks: Warner Bros. Discovery sinks after taking massive $9.1 billion impairment charge on its cable business (Yahoo! Finance)
Bad Match: Bumble shares fall 30% after its annual revenue forecast cut sparks growth fears (Reuters)
Tumbled: Crypto Turns Broadly Lower in U.S. Afternoon Trade as Stocks Give Away Gains (CoinDesk)
Meme Coin: Dogwifhat leads the market with 13% gain — What’s driving WIF price? (Cointelegraph)
No More Sharing: Costco is cracking down on membership moochers (CNN)

 

Stock Market News
In a reversal, Disney’s media assets are starting to generate more excitement than its parks – CNBC
Shopify shares soar 22% after earnings top expectations, upbeat forecast – CNBC
Lyft posts maiden net profit in second quarter – Reuters
Traders lose billions on big volatility short after stocks rout – Reuters
Jamie Dimon says he still sees a recession on the horizon – CNBC
No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says – CNBC
Focus: Amazon Prime Video plots Hollywood expansion – Reuters
Super Micro slides after margin, profit forecasts disappoint – Reuters

 

 

 

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