Shopify Is Now Canada's Most Valued Stock. Why an Analyst Thinks It Can Hit $1000.

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Shopify Is Now Canada's Most Valued Stock. Why an Analyst Thinks It Can Hit $1000.

Shopify stock hit record heights Thursday after RBC Capital analyst Mark Mahaney lifted his target on the e-commerce software company’s shares to a Street-high $1,000 from $825. With today’s move, red-hot Ottawa-based Shopify (ticker: SHOP) tops the …
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Apple, Amazon, and Facebook's Bad Months Just Got Worse, Legally and Publicly

Times are good for many of the world’s largest tech companies—maybe too good. As Silicon Valley titans such as Apple, Facebook, and Amazon see their stock rise and clout grow even further in a pandemic-stricken economy that is ever more digitally …
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UK economy starting to recover but jobs news bad, BoE's Bailey says

LONDON (Reuters) – Britain’s economy is recovering a bit more quickly than the Bank of England thought a month ago as the government eases its COVID-19 lockdown, but news from the labour market is mostly negative, Bank of England Governor Andrew …
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Wirecard scrambles to find missing €1.9 billion as loan crunch looms

BERLIN (Reuters) – Wirecard’s auditor has refused to sign off its 2019 accounts over a missing 1.9 billion euros (£1.7 billion), sending its shares down more than 60% as the German payments firm warned the delay could cause billions in loans to be called in …
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UPDATE 1-Canada wholesale trade down 21.6% in April as coronavirus pandemic hits

OTTAWA, June 18 (Reuters) – Canadian wholesale trade plunged a record 21.6% in April as the coronavirus pandemic shut down businesses across the country, Statistics Canada data showed on Thursday, but the agency said May’s data should not be as …
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