Category: Stock 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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Can AT&T Stock Sustain Its Recent Rally?

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Can a new surge push AT&T stock up — with 5G on the horizon?

Some investors are keeping a close watch on AT&T stock … The blue-chip soared 5% in pre-market trading this morning. That’s up from a previous close of $36.25 to values above $38 per share.

The numbers cap a five-day rally that brought AT&T from around $35 upward, wowing crowds looking for short-term increases in a volatile market. 

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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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3 Reasons Why Amazon’s Shares Could Rise by 50% Over the Next Year

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One analyst believes the company’s revenue is set to soar thanks to one-day Prime shipping… 

Shares of Amazon are doing pretty well as is these days, but according to an RBC analyst, they could climb by as much as 50% in the coming year. That’s what analyst Mark Mahaney wrote to investors on Sunday evening.

Mahaney says that when Amazon launches its one-day Prime shipping across the U.S. and worldwide, it will “generate accelerating revenue and unit growth for some time.” 

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