Shopify’s stock has been climbing higher over the past year based on lofty expectations from investors. Although the company has not yet turned a profit, a chart comparing the price-to-sales ratio and the stock price presents the picture of a high-flying stock with fantastic revenue growth: Shopify helps companies create internet-based, multichannel commerce platforms.
Month: February 2017
Tycoon Eyes StanChart’s Indonesian Bank Stake in March to Top
Indonesian business tycoon Tahir is keen to gain control of PT Bank Permata, a larger rival to his PT Bank Mayapada International, as he seeks to put his lender in the ranks of the nation’s biggest banks. Tahir’s Mayapada Group wants to buy the 90 percent of Permata that is owned by Standard Chartered Plc and PT Astra International and merge it with Bank Mayapada to create Indonesia’s largest non-government bank by assets after PT Bank Central Asia, he said.
Google’s Biggest Cloud Customer Just Signed a $1 Billion Deal With Amazon
It didn’t take long for Google’s biggest cloud customer to split its allegiances. Just a week after Snap Snap will continue to use Google Cloud for the core Snapchat functionality.
Biggest Singaporean Banks’ Earnings in Focus as Ezra Woes Deepen
The woes of Singaporean energy-services provider Ezra Holdings Ltd. are a stark reminder to the city’s biggest banks of the threat souring oil and gas loans pose to their earnings. A writedown flagged by Ezra recently has refocused attention on the debt-repayment problems marine-services firms are facing, fueling concerns that lenders may have to set aside more money to cover loan losses.
China’s Zombie Province Shows What’s Wrong With Its Bond Market
Nowhere are China’s rusted-out industries worse than in Liaoning, a province that’s slumped into outright recession and where officials have admitted to years of inflating fiscal revenue data. Liaoning is also a showcase for how long a road China faces to create a world-class bond market.
‘Lego Batman’ Tops Strong Weekend Box Office
This image released by Warner Bros. Pictures shows Batman, voiced by Will Arnett, in a scene from “The LEGO Batman Movie.”
The Beijing-based indie will co-finance, co-produce and handle…
China’s Hishow Entertainment has taken stakes in two upcoming features from Nu Image/Millennium Films. In a deal announced on day four of the European Film Market in Berlin, the Chinese indie will co-finance and co-produce Hunter Killer and Escobar .
Wireless Subscriber Growth Should No Longer Be the Focus for Verizon
The report card for America’s largest cell service provider demonstrates that the mobile business is getting mature. While this will continue to be Verizon’s bread-and-butter, it’s time for investors to focus on the other irons the company has in the fire.
Mr. President, I’d Like to Introduce You to Andrew Jackson
I’ve never met Steve Bannon and find most of his reported views repugnant. But I owe him: He caused me to reread Jon Meacham’s biography of Andrew Jackson, “American Lion.”
Swiss voters reject reform to multinationals’ tax bills
Swiss voters have rejected a plan to reform the country’s corporate tax system, sending the government back to the drawing board. Business and political circles in Switzerland had supported the plan, which was designed to prevent taxes rising sharply for foreign investors.
You’ll Be Surprised at the Size of Ford Motor Company’s War Chest
I’ll say that again: Twenty-seven point five billion dollars. That’s the cash Ford Motor Company had stashed as of December 31 .
Is Vista Outdoor Inc a Sell After Its Huge Earnings Miss?
On Thursday, the company reported its third fiscal quarter earnings, and its stock promptly became one of the single biggest decliners on the New York Stock Exchange.Here’s how the news went down. For its fiscal 2017 third quarter , Vista reported quarterly sales of $654 million, up 10% year-over-year thanks to acquisitions that topped off the revenue stream — “organic” sales declined 5%.
How Wal-Mart Can Take On Amazon Beyond Free 2-Day Shipping
The world’s largest retailer ditched its Amazon Prime-wannabe, Shipping Pass, which offered free three-day shipping for an annual fee of $49, and is instead offering free two-day shipping on all orders of $35 or more. It’s a better deal for customers, as a majority of orders on the company’s website are for more than $35, and Wal-Mart’s success has historically come from offering rock-bottom prices without hurdles such as a membership fee, offering a different kind of value from Amazon Prime.
Prince’s Warner Bros. Catalog Goes to All Streaming Services
In this Feb. 4, 2007, file photo, Prince performs during the halftime show at the Super Bowl XLI football game at Dolphin Stadium in Miami. Prince’s Warner Bros.
Boston Beer’s Change to Rebel IPA’s Recipe Is a Sign of Desperation
That the brewer felt the need to “completely reformulate” the recipe for this once-popular brew is an indication of how much Boston Beer is worried about the decline. The company says “Project Lupulus” brought in hops that were not readily available when Rebel IPA was introduced.
3 Things to Watch in the Stock Market This Week
Stocks rose to another record last week as strong fourth-quarter reports painted a brightening picture for corporate earnings growth. The Dow Jones Industrial Average Earnings season is rolling on and promises to produce plenty of volatility for investors over the coming trading week.
Host Alec Baldwin, ‘SNL’ Cast Skewer Trump White House
Alec Baldwin, who has scored in guest shots on “Saturday Night Live” with his mocking impersonation of Donald Trump since the campaign’s final weeks, presided Saturday night as guest host of the NBC comedy show, serving up yet another Trump masquerade. In his spoof, President Trump made good on a tweeted vow to “see you in court” directed at the three Ninth Circuit federal judges who last week refused to lift a stay preventing his immigration ban from being enforced.
Swiss Voters Reject Corporate Tax Overhaul
Swiss voters Sunday rejected a corporate-tax-overhaul plan backed by the government and business, in a blow to the wealthy Alpine country’s hopes to bring its tax policies in line with international norms while maintaining its global competitiveness. In rebuffing the government’s proposals, voters were swayed by concerns the plan was too generous to corporations at the expense of individual taxpayers.
Germany Picks Ex-Foreign Minister Steinmeier as President
A special assembly elected former German foreign minister Frank-Walter Steinmeier by an overwhelming majority Sunday to be the country’s new president. Steinmeier was elected in Berlin by the assembly made up of the 630 members of parliament’s lower house and an equal number of representatives from Germany’s 16 states.
What Investors Might Have Missed in the Markets Last Week
Love him or hate him, believe his statements or prefer to disprove them, President Donald Trump sure seemed to push the markets higher as he pledged to move quickly on the “phenomenal” tax code changes. Stocks surged immediately following Trump’s proclamation and continued the trend higher through Friday, with the S&P 500 for $90 per share in cash, valuing Mead Johnson’s equity at $16.6 billion, with the total transaction value reaching $17.9 billion, including the latter’s net debt.
We Quit Our Jobs and Moved to Costa Rica Before Turning 30. Heres How.
At the ripe age of 28 years old, my wife and I quit our jobs. We hopped on a plane and moved to Costa Rica.
The Most Important Retirement Chart You’ll Ever See
Saving for retirement can feel like being forced to run a marathon when all we’ve ever trained for was a 40-yard dash. The entire idea of retirement is brand-new to the human race; it is only within the last 50 years that the idea of living longer than you can work even surfaced.
It’s Time for Skechers USA Inc to Do Something With Its Cash
The company’s $764.3 million of sales topped analyst estimates by more than $40 million, and 3.6% comparable sales growth at its stores impressed at a time when many other retailers are struggling to attract shoppers. It should be clear from Skechers’ recent results, though, that the company is no longer the explosive growth stock it once was.
Is Gilead Sciences Getting Ready for a Massive Acquisition?
Sinking earnings. Horrible outlook for this year. Perhaps the big biotech needs to develop an antidepressant — just to give to its shareholders.
Intel Corporation Expects to Grow Client Computing Group Profit Margin
CCG is Intel’s largest business by revenue, generating nearly $33 billion in sales during 2016. Most of that revenue comes from sales of processors and related components into personal-computer systems, although the company has seen reasonable success from the sale of chips that power cable gateways and, more recently, cellular modem chips into Apple ‘s At Intel’s Feb. 9 analyst day, company management went over its financial expectations for this segment for 2017 — and beyond.
Insider Q&A: Duke University expert James Cox on SEC future
President Trump has named Jay Clayton, a Wall Street attorney who worked on mergers and IPOs, to head the Securities and Exchange Commission. Last week Trump ordered a review of the 2010 Dodd-Frank law, which reshaped regulation of the banking industry after the financial crisis.
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Financial literacy and money management are important life skills. Unfortunately, most people never study this in school, leaving many young adults ill-prepared to deal with their finances as they enter the work world, often in their early twenties.
2 Key Metrics for MeetMe Inc Investors to Focus On
Investors considering MeetMe stock should watch two key metrics closely as the company grows: monthly active users and average revenue per user . Like any other company focusing on social interactions, the product is only as good as the number of people who are using it.
2 Billion-Dollar Marijuana Stocks That Could Soar Even Higher
You could have made plenty of money investing in the right marijuana stocks last year. Most, however, are small companies without much of a track record.
Apple’s iPhone Loses the China Sales Crown: 3 Reasons It Doesn’t Matter
Late last month, Counterpoint Research stated that the best-selling smartphone of 2016 in China was not an iPhone . The last time an iPhone didn’t hold the top spot was 2012.
Even a Le Pen Win Won’t Be Enough to Break Up Euro, Banks Say
An attendee looks towards a table selling campaign materials during a presidential campaign event in Lyon, France, on Feb. 5. Whatever the outcome of France’s presidential elections, it probably won’t raise the odds of an exit from the euro, most analysts say. The chances of anti-euro candidate Marine Le Pen winning the second round on May 7 are slim and even if she does, the National Front party leader is unlikely to get a majority in the legislative vote in June, according to banks including Barclays Plc and UniCredit SpA.
The film co-stars Donnie Yen and Kris Wu, two of greater China’s biggest celebrities.
Vin Diesel’s xXx: Return of Xander Cage from Paramount and Revolution Studios roared into China over the weekend with a muscular $61 million opening. The impressive Chinese haul easily eclipsed the movie’s total performance in North America so far, where it has earned $42 million since its debut on Jan. 20. It’s also the biggest Hollywood bow in China – the world’s second-biggest box-office territory – this year, nearly doubling Rogue One: A Star Wars Story ‘s $31 million launch.
Berlin: ‘Viceroy’s House’ Director Gurinder Chadha Talks Trump, Brexit, Refugee Crisis
“The good side of what’s happening is people are rising up, people are being politicized,” she told a Berlinale press conference. British director Gurinder Chadha sees parallels between current events like Brexit and U.S. President Trump’s election and the 1947 partition of the Indian subcontinent, which she dramatized in her latest movie, Viceroy’s House .
Swiss Reject Tax Reform, Threatening Country’s Competitive Edge
Switzerland shot down the government’s plan to reform corporate taxation, a decision that risks hurting its appeal as a place for multinational companies. evenly split on the measure, which would have given companies reductions for income from patents and research and development activities.
Fast-Food Stocks: Which Chain Has the Quickest Drive-Through?
Have you ever sat in the drive-through of a fast-food restaurant and thought: “Wasn’t this supposed to be fast?” I suspect you have. I’m not proud to admit it, but I love fast food.
The Average American Investor Saved Up to $1,497 By Doing This. Did You?
Investors pay taxes on the income that their portfolios generate, and so they’re highly motivated to do what they can to save on taxes. One tax break available to investors offers a lower rate on the income that they get from qualified dividends.
Amazon’s Shipping Costs Are Soaring. Should Investors Be Worried?
Online sellers can save money by avoiding pricey commercial rents and a staff devoted to assisting customers. spends billions more on shipping than it brings in in charges and fees, and many brick-and-mortar retailers have complained that e-commerce sales, though accretive to overall revenue, come with a lower margin than in-store sales.
3 Warren Buffett Stocks to Buy in February
Warren Buffett will likely go down in history as the greatest investor of all time. Starting with a relatively small sum while working out of his Nebraska home in the 1960s, his personal fortune is now estimated at $73 billion.
3 Tax Breaks Retirees Won’t Want to Miss
Many seniors struggle financially when they go from earning a salary to living off a more limited fixed income. That’s why it’s important for retirees to take advantage of whatever tax breaks come their way.
New chairman quickly shakes up FCC
Ajit Pai, the new Republican chairman of the Federal Communications Commission, is quickly making his mark on the agency, shaking up its operations and rolling back Obama-era initiatives. His moves have drawn Republican praise, but also alarmed Democrats and consumer groups, and set the stage for the fights ahead.