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Shopify posted adjusted earnings of 20 cents per share, while Wall Street had expected 63 cents per share, according to a Refinitiv survey of analysts. Revenue grew 22% year over year to $1.2 billion, but that still fell short of Wall Street’s projected $1.24 billion.Shares of Shopify plunged more than …

The USD/JPY pair rose further climbing above the level it had before the FOMC meeting. It is testing the weekly high near 130.40 after rising from than 150 pips from the daily lows boosted by higher US yields.The selloff in Treasuries resumed after a two-day pause and the day after …

Gold has extended its losses below solid resistance around $1890. The Gold Index is recording losses during the North American session, retreating from daily highs around $1909.66, amid a risk-off market sentiment.Two central banks expressed worries about China, while the Bank of England foresees a GDP contraction on 2023 for …

Olli Rehn, one of the European Central Bank’s officials spoke out in favor of an interest-rate increase in July, suggesting a growing shift on the Governing Council toward such a move. The governor of the Finnish central bank is one of more dovish policy makers and member of the ECB’s …

Oil prices rallied for a second straight session on Thursday, with front-month WTI futures briefly hitting their highest levels in more than one month above the $110 per barrel mark before more recently pulling back closer to $109.00. The WTI crude oil rallied above $110 to hit its highest levels …

The S&P 500 recently fell back below the 4,200 level, taking its losses to more than 2.5% or 100 points as US equities have largely reversed Wednesday’s post-Fed rally, with big tech names leading the decline as yields surge.Wednesday’s post-Fed soaring was short-lived, with all the three major US equity …

There were 200,000 initial jobless claims in the US in the week ending on 30 April, according to the latest data released by the Department of Labour on Thursday. That was above expectations for a slight rise from 181,000 in the prior week to 182,000. That brought the four-week average number …

Billionaire Elon Musk has raised $7.14 billion in funding from a group of investors including Oracle Corp. co-founder Larry Ellison and Sequoia Capital to fund his $44 billion acquisition of Twitter, according to a disclosure Thursday. The disclosure showed that Saudi investor Prince Alwaleed bin Talal, who initially opposed the …

The OPEC+ alliance is likely to stick with a plan to raise oil production modestly on Thursday and confirm that it is not responsible for global supply disruptions while stressing that the coronavirus-related shutdowns in China threaten demand expectations. Five OPEC+ delegates are expected to agree to an increase of …

The Bank of England on Thursday raised interest rates by 25 bps to 1.0%. Six of the bank’s nine rate-setters supported the 25 bps hike, though three wanted a larger 50 bps move. The rate hike was in line with expectations, but the vote split was more hawkish than expected, …