Shopify Tumbles as Margins Fall After Sale of Logistics Business
Shopify Inc. shares tumbled after the Canadian e-commerce company reported a surprise net loss in the first quarter after the sale of its logistics business last year.
Shopify Inc. shares tumbled after the Canadian e-commerce company reported a surprise net loss in the first quarter after the sale of its logistics business last year.
Brookfield Asset Management reported its first quarterly decline in profit since it spun out of its parent company amid a drop in fees from some permanent capital vehicles.
Air Baltic Corp AS had to offer Europe’s highest coupon bonds so far this year to pull off a last-minute refinancing deal, even with Latvia’s government stepping up to buy a chunk of the debt.
Virgin Galactic Holdings Inc.’s revenue missed Wall Street expectations in the first quarter as the space tourism company prepares for its second and final launch of the year.
It’s spreading rapidly among cows. It’s also infecting skunks, mountain lions and red foxes.
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