Shopify Inc (TSX:SH., NYSE:SHOP) stock traded lower in Tuesday’s early deals despite a strong trading performance at the end of 2023. At $2.1 billion, Shopify reported a 24% increase in fourth quarter revenue – or 30% after adjusting for the sale of Shopify’s logistics business – whilst total merchandising across the firm’s platform similarly showed a 23% improvement up to $75.1 billion. Gross profit was up 33% to $1.1 billion. Shopify reported an operating income margin of 13%, and a free cash flow margin ...

The Big tech mega-rally that doesn’t appear to want to slow down any time soon is causing a major headache for short traders on the equity futures market. Investors use equity futures to lock in prices for buying or selling equity indices or stocks to hedge against potential price movements that would be unfavourable to their investment positions. They are also used to speculate on the direction of future market movements to make a profit. But speculators who have placed their bets on a retraction of the US ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Short-sellers are stacking up to bet against troubled German bank Deutsche Pfandbriefbank (PBB) over worries about its exposure to US commercial property. Almost 8% of the company’s shares were being shorted, according to the Federal Gazette. Last week, PBB Issued a statement reassuring investors about its final position after one of its main shareholders cut its holding. Morgan Stanley (NYSE:MS) also advised clients to reduce holdings in the bank's bonds due to its US exposure. PBB has become a pinch point ...

About this content About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business outpu ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Barclays PLC (LSE:BARC) has committed to ending financing for new oil and gas projects and said it will reign in spending on firms involved in expanding fossil fuel production. New finance for upstream oil and gas projects and related infrastructure will cease immediately, Barclays said in a statement on Friday. Financing for non-diversified energy firms will be curbed from 2025 if over 10% of their long-term expenditure is set aside for expanding oil and gas production, meanwhile.  “The scale of our busine ...

Chocolate prices are being tipped to soar after cocoa hit a new record overnight due to the impact of the El Nino weather system. Cocoa is the main ingredient in chocolate and the price hit $5,874 (£4,655) a ton on Thursday as a dry harvest hit the harvest in key growing areas in West Africa. US-based chocolate maker Hershey warned yesterday the soaring cost of cocoa would hit its earnings this year while giving no assurances about prices. "We can't talk about future pricing" chief executive Michele Buck sa ...