Category: Company News

Shopify Announces Major Acquisition of 6 River Systems

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Shopify will acquire 6 River Systems for $450 million…

Shopify announced late Monday that it agreed to purchase 6 River Systems in a deal worth $450 million. The deal consists of about 60% in cash and 40% in Shopify Class A shares.

6 River Systems is a leader in warehouse fulfillment solutions. It’s best known for its collaborative mobile robots dubbed “Chuck,” which can assist in warehouse operations.

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JPM Advances Payment Changes with WePay

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Will J.P. Morgan’s WePay strategy work in its favor?

One of the biggest banks in America is innovating payment options to try to keep up with competitors.

Today, CNBC reports that J.P. Morgan Chase will offer free same-day deposits on its WePay platform for depositors.

J.P. Morgan acquired WePay in December 2017, paying $400 million, and wants to streamline its use to compete with payment operators like Stripe and Square.

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Microsoft Stock Continues to Soar

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Microsoft stock is up 28% from a year earlier thanks to strong revenue gains.

Shares of Microsoft have been on a roll this year. The stock is up 37% year to date and has consistently outperformed the S&P 500. And most Wall Street analysts believe Microsoft shares still have a lot more room to grow…

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Lululemon Stock Stretches up With Q2 Earnings

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The athletic apparel company seems in good shape as its shares rise on earnings beat…

Lululemon released its second-quarter earnings report on Thursday, revealing a very strong performance that topped Wall Street expectations. The company’s shares jumped by as much as 5% in after-hours trading on the news.

Lululemon also bumped its full-year guidance based on the recent growth of its men’s and women’s apparel sales.

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Stripe Moves into the Lending Business

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Stripe creates Stripe Capital to start offering loans…

One of the most valuable fintech startups in the world, Stripe, is moving into a new area of business. Last valued at $22.5 billion, the company announced on Thursday that it’s launching a new lending service called Stripe Capital.

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Sluggish GE Stock Sees Rise for Two Consecutive Days

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Why is GE performing better this week?

Investors holding battered General Electric stock and others who want to see the company do well will be excited by this morning’s pre-market jump … GE’s price value moved to a new $9 point before the bell.

This 2% jump follows close inspection of GE’s insurance holdings and general accounting practices by financial experts. Wolf Research analyst Nigel Coe reportedly called findings “the apogee of the GE bear case” (hint: that’s a compliment).

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Slack Stock Takes a Post-Earnings Dive

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Slack’s Q2 earnings were less than impressive…

Shares of Slack Technologies dropped about 15% on Wednesday after the company’s Q2 earnings report failed to wow investors.

Despite having a solid quarter overall, weak guidance overshadowed the company’s performance. And some investors are losing confidence in the communications company.

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YouTube to Pay Hefty Fine for Alleged Child Privacy Law Violation

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Google and YouTube will pay a $170 million fine to settle allegations…

YouTube and its parent company Google will pay a record $170 million fine to settle allegations made by the Federal Trade Commission and the New York Attorney General.

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Visa Looks Robust Amid Market Volatility

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Is Visa’s stock back on track?

New reports are showing specific types of success for the Visa company, an established player in conventional finance that’s a household name to many depositors and credit or debit cardholders.

Although Visa does have an impressive past, its future may also be pretty notable if new indicators are any clue … A breaking report from “Investor’s Business Daily” says Visa may be developing a solid “flat base” of price activity within the last few weeks.

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Can Cloudflare’s IPO Succeed Despite Past Controversies?

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Cloudflare joins the ranks of 2019’s tech companies to offer an initial public offering…

Cloudflare Inc. is set to be the next big tech company to go public in 2019. Here’s what the company offers: “Cloudflare provides a scalable, easy-to-use, unified control plane to deliver security, performance, and reliability for on-premises, hybrid, cloud, and SaaS applications.”  That’s according to the company’s website.

In short, this company is all about the cloud. And some of its major clients include Zendesk, Udacity, DigitalOcean, and more.

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