Heather Erickson, author at TradeMarketNews

Selling off of the stocks world-wide continues

Shopify Soars on Earnings Beat, Taylor Swift Collaboration

Leave a Comment / Stock News / By Heather Erickson

On Thursday, Shopify (SHOP) shares surged after third-quarter earnings exceeded expectations, with record sales of Taylor Swift merchandise. Shopify’s stock jumped by 22.36% to $59.70 per share on November 02 amid positive financial results in the September quarter. The shares shed 0.57% post-market to $59.36, although analysts expect a 1.33% surge in the upcoming session, …

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India May Extend Rice Export Limits on Potential Output Fall

Leave a Comment / Commodity News / By Heather Erickson

Indian Prime Minister Shri Narendra Modi’s government may extend rice export curbs as the output for the grain is expected to drop for the first time in eight years this year ahead of the five state elections. The top rice-exporting country has drawn attention after New Delhi prohibited non-basmati white rice exports in July, increasing …

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Fed Further increase in interest rates necessary

‘FC 24′ Success Boosts Electronic Arts’ Q2 Performance

Leave a Comment / Technology News / By Heather Erickson

US video game maker Electronic Arts (EA) Inc. saw a successful release of its new soccer video game, ‘EA Sports FC 24,’ logging better-than-expected bookings in the second quarter. The company said its net bookings for the second quarter increased 4% to $1.82 billion, above forecasts of $1.78 billion. Live services, which accounts for 73% …

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Westpac Sees More Active Users with Digital-First Approach

Leave a Comment / Stock News / By Heather Erickson

Forrester has recognized Australian major bank Westpac for its excellent mobile banking app. The bank’s effective digital-first strategy under the leadership of CEO Peter King has resulted in considerable improvements to its app in recent years. With Westpac putting most of its attention to digital innovation, its digitally active customer base rose 6% to 5.8 …

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Gold Retreats Ahead of Fed Interest Rate Decision

Leave a Comment / Commodity News / By Heather Erickson

Gold prices were dented as uncertainty grew ahead of the Federal Reserve’s interest rate decision and key Treasury announcement on Wednesday. Spot gold declined 0.03% to $1,983.58 an ounce, and December contract gold futures dropped 0.09% to $1,992.45 in the November 1 Asian session. Traders have also reduced their risk premium for the yellow metal …

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Alibaba Introduces Tongyi Qianwen 2.0 and Industry AI Models

Leave a Comment / Technology News / By Heather Erickson

Chinese tech giant Alibaba Group Holding Ltd.’s cloud computing arm, Alibaba Cloud, has introduced an upgrade to its large language model (LLM) Tongyi Qianwen and launched artificial intelligence (AI) models for different industries amid fierce competition between tech firms. The company said Tongyi Qianwen 2.0 is a significant step up from its predecessor, released in …

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Vital Weekly Economic Events

Leave a Comment / Economy News / By Heather Erickson

In a week marked by economic resilience and surprising twists, the heartbeat of the U.S. financial landscape echoed with varying rhythms. Let’s embark on a journey through the economic highs and lows of the past week, where the numbers danced to their own tunes. Borrowing Blues and Wall Street Surprises The week kicked off …

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Samsung to Continue Chip Output Cut, Expects Rebound in 2024

Leave a Comment / Technology News / By Heather Erickson

South Korean tech giant Samsung Electronics Co. Ltd. announced plans to keep slashing output to reduce chip oversupply and expects to see a rebound in the semiconductor market in 2024. The company sees demand for DRAM chips, such as high bandwidth memory (HBM), strengthening next year due to the rapid increase of on-device AI capabilities. …

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Heather Erickson

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