Shopify gains as CEO discloses $10 million stock purchase (NYSE:SHOP)

JHVEPhoto/iStock Editorial via Getty Images Shopify (NYSE:SHOP) spiked during Wednesday’s trading session shortly after CEO Tobi Lutke tweeted his intention to put his money where his mouth is. Quote-tweeting FirstMark Capital founder Amish Jani’s glowing review of Shopify (SHOP -2.1%) management, Lutke voiced his belief that the stock was oversold after a steep drop in … Read more

Here’s Why Nio Shares Bounced Early Today

what happened Share in Nio (NIO -5.43%) have been getting crushed recently, tumbling more than 25% in just the last five trading days. That’s come as investor concern has grown over production delays, supply chain challenges, and the potential for its US-listed shares to be delisted. But some of those uncertainties are being clarified today, … Read more

Asian Refinery Restarts After Two-Year Hiatus

An Asian refinery co-owned by Saudi oil giant Aramco has resumed crude processing for the first time since closing after a deadly fire in 2020, sources familiar with the operations told Reuters, in what could be some relief for tight Asian and global markets for refined products. The Pengerang Refining and Petrochemical complex in Malaysia, … Read more

Measly 34 stocks dodge TSX’s slide into correction

Less than two months ago, the S&P/TSX Composite reached an all-time closing high of 22,087.22 points on March 29. Back then, resource heavyweights like Canadian Natural Resources Ltd., Enbridge Inc., and Nutrien Ltd. were driving year-to-date gains as they rode the wave of surging commodity prices and fears of supply disruptions stemming from Russia’s invasion … Read more

The rumble in Ontario cottage country has died down

A cottage stands on a lake in Muskoka, the heart of cottage country in Ontario. Brokers in the province’s cottage country say the real estate boom there may have started to cool.Mark Blinch/The Globe and Mail The chill in Toronto-area real estate has spread to Ontario’s cottage country. “Incrementally, sanity is returning to our marketplace,” … Read more

U.S. consumer prices slow in April, but inflation likely to remain high for a while

Cars line up at a Sunoco gas station in Delray Beach, Fla., on April 13.Marta Lavandier/The Associated Press US consumer price growth slowed sharply in April as gasoline eased off record highs, suggesting inflation has probably peaked, though it is likely to stay hot for a while and keep the Federal Reserve’s foot on the … Read more

Adidas sports bra advertisement banned in U.K. for ‘explicit nudity’ – National

A recent Adidas sports bra advertisement has been banned in the United Kingdom after several residents complained about the ad used gratuitous nudity to objectify and sexualize women. In a ruling released Wednesday from the Advertising Standards Authority (ASA), the Adidas campaign — which ran on Twitter and select large poster sites in the UK … Read more