Shopify shares plunge 19% on weak guidance
Shopify shares tumbled 19% in early trading on Wednesday, shaving almost $20 billion off the company’s value, after the company gave revenue and profit guidance for the current quarter that…
Stocks making the biggest moves premarket: PARA, NFLX, NOVA
Check out the companies making headlines before the bell. Ulta — The beauty chain slipped more than 1% following a downgrade to hold from buy at Jefferies. Analyst Ashley Helgans…
ULTA, NFLX, AXP, IBTA and more
Check out the companies making headlines in midday trading. Ulta Beauty — Ulta Beauty shares fell 3% after Jefferies downgraded the beauty retailer to a hold from a buy rating,…
TikTok creators look to diversify as threat of U.S. ban gains steam
Heidi, Marc, Charli, and Dixie D’Amelio at Shopify’s D’Amelio Footwear Pop-up in New York City Shopify Charli D’Amelio is the second-most followed creator on TikTok, where the 19-year-old former competitive…
JBLU, SHOP, BIIB and more
Check out the companies making headlines in midday trading. WK Kellogg — The cereal company’s shares surged 8.1% after posting a beat on both top and bottom lines in the…
Investors in Airbnb arbitrage business allege they were defrauded
Illustration by Elham Ataeiazar Daryn Carr is no stranger to side hustles. After his mom died from Covid in 2020, he used funds from her pension to pay off some…
AI lobbying spikes 185% as calls for regulation surge
Artificial intelligence-related lobbying reached new heights in 2023, with more than 450 organizations participating. It marks a 185% increase from the year before, when just 158 organizations did so, according…
Amazon layoffs hit its Buy with Prime unit
A worker delivers Amazon packages in San Francisco on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Images Amazon is laying off some employees in its Buy with Prime unit,…
Affirm stock pops more than 15% on expanded Walmart partnership
Customers shop at a Walmart store in Chicago on May 18, 2023. Scott Olson | Getty Images Affirm stock popped more than 15% Tuesday after the company announced it is…
BA, AFRM, CROX, CG and more
Check out the companies making headlines in premarket trading. Affirm — The fintech provider of “buy now pay later” services rose 2% after an upgrade to hold at Jefferies on…