Shopify (TSX:SHOP)(NYSE:SHOP) shares dropped 6% last week, down 10% in the last year. What happened, and will Motley Fool investors see a recovery? The post Why Shopify Stock Fell 6% Last Week appeared first on The Motley Fool Canada.
Cargojet (TSX:CJT) continues to rise on the back of earnings estimates coming in from analysts, who believe this lower price isn't one to be missed. The post Why Cargojet Stock Is up 11% in the Last Week appeared first on The Motley Fool Canada.
MILAN (Reuters) -Prada sales bounced back sharply in 2021 as pent-up demand for luxury handbags and clothes helped push revenues above pre-pandemic levels, the Italian fashion group said. In an unscheduled trading update, Prada said on Tuesday that group sales last year rose 41% at constant exchange rates to 3.364 billion euros ($3.83 billion), 8% above 2019 levels. Milan-based Prada, known for its minimalist designs, was in the middle of a shift upmarket and online to revive sales when the coronavirus crisis hit, forcing retailers to shut stores around the globe and depriving them of key tourist spending.
While the Municipal Council of the City of Montréal is preparing to officially adopt its 2022 budget of 6.46 billion dollars on Friday, the City of Beaconsfield increases its claim to 6 million dollars to recuperate taxes paid in excess for regional Agglomeration services.
The family of an Amazon.com delivery truck driver in Illinois who died in December when a warehouse was destroyed by a swarm of tornadoes that killed six people there, filed a lawsuit against the online retailer on Monday over his death. The suit, the first against the company stemming from the disaster, was brought in state court by the Chicago firm, Clifford Law Offices, on behalf of the family of driver Austin McEwen, 26. It was filed in Third Judicial Circuit in Madison County, Illinois.
Property developer shares rose on Tuesday after a Chinese lender unveiled a plan to issue debt to fund real estate acquisitions - the first bank to do so - while Beijing sought to reassure investors about the broader impact of defaults on bond markets. Shanghai Pudong Development Bank Co plans to raise 5 billion yuan ($790 million) by selling three-year bonds through China's interbank market, it said in a filing on Monday. The funds would be used to finance real estate project acquisitions in the form of lending, it said.
NEW YORK (AP) — Donald Trump plans to build 2,300 luxury homes at his Doral golf resort in the Miami area, part of a flurry of recent moves to revive a family business suffering from the one-two punch of a divisive presidency and coronavirus shutdowns. In a news release Monday, the 45th president called the plans for his sprawling Trump National Doral resort “perhaps the most exciting development in the country” but was short on details such as the size of the homes and what they may cost. The r
Public trust in governments running the world's democracies has fallen to new lows over their handling of the pandemic and amid a widespread sense of economic pessimism, a global survey has found. The Edelman Trust Barometer, which for two decades has polled thousands of people on trust in their governments, media, business and NGOs, conversely showed rising scores in several autocratic states, notably China. "We really have a collapse of trust in democracies," said Richard Edelman, whose Edelman communications group published the survey of over 36,000 respondents in 28 countries interviewed between Nov. 1-24 of last year.
HONG KONG (Reuters) -Shares of Macau's top casino operators racked up as much as HK$65.53 billion ($8.42 billion) on Monday - or 15% of their market value - as the government of the world's largest gambling hub retained the limit on casino licences to six. By the close of the Hong Kong market, the six Macau casino operators had gained 9.9% in value, or HK$42.2 billion, putting the overall market value of the oprators at about HK$469 billion. Sands China led the rally.
BEIJING (AP) — Chinese leaders are under pressure to boost slumping economic growth while they try to contain coronavirus outbreaks ahead of next month's Winter Olympics in Beijing. The world's second-largest economy grew by 8.1% last year, but activity fell abruptly in the second half as the ruling Communist Party forced China's vast real estate industry to cut surging debt, official data showed Monday. Growth sank to 4% over a year earlier in the final three months of the year, fueling expecta
LONDON (AP) — Amazon’s British website has backed away from plans to stop accepting Visa credit cards issued in the United Kingdom, saying Monday that the move has been put on hold while talks between the two sides continue. The online retailer said the change would not be implemented as planned on Wednesday. Amazon had announced the move in November, blaming “the high fees Visa charges for processing credit card transactions.” “We are working closely with Visa on a potential solution that will
The head of Japan's main steel industry lobby said on Tuesday the European Union's decision to extend anti-dumping measures on electrical steel from Japan was inappropriate and it would consider taking action. On Monday, the EU extended setting minimum prices for electrical steel from Japan, China, Russia, South Korea and the United States for five years on the basis that producers would otherwise dump it on the EU market.
On January 18, Contemporary Amperex Energy Service Technology Ltd. (CAES), a wholly-owned subsidiary of Contemporary Amperex Technology Co. Ltd. (CATL), rolled out its battery swap solution EVOGO featuring modular battery swapping at its first online launch event. Comprised of battery blocks, fast battery swap stations and an app, EVOGO will be first launched in ten cities, said Chen Weifeng, general manager of CAES.
OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in December fell 22 per cent when compared with November. The national housing agency says the seasonally adjusted annual rate of housing starts was 236,106 units for the final month of the year, down from 303,813 in November. The drop came as the annual rate of urban starts fell 24 per cent in December to 212,918. The annual rate of urban starts of apartments, condos and other types of multiple-unit housing projec
WASHINGTON (AP) — The Biden administration on Tuesday quietly launched its website for Americans to request free at-home COVID-19 tests, a day before the site was scheduled to officially go online. The website, COVIDTests.gov, now includes a link for Americans to access an order form run by the U.S. Postal Service. People can order four at-home tests per residential address, to be delivered by the Postal Service. It marks the latest step by President Joe Biden to address criticism of low invento
Norra Metals Corp. ("Norra" or the "Company") (TSXV: NORA) (Frankfurt: 1KO) (OTC: NRRMF) intends to complete a non-brokered private placement, on a best efforts basis, of up to 10,000,000 units (the "Units") with a 20% over-allotment option at a price of $0.065 per Unit for gross proceeds of up to $650,000 (the "Offering").
Hugo Boss said on Tuesday that it had exceeded its full year sales targets after fourth quarter earnings helped propel the German fashion house back to nearly pre-pandemic levels. The full balance sheet will be published on March 10.
LONDON (AP) — Anti-poverty organization Oxfam called Monday for governments to impose a one-time 99% tax on the world's billionaires and use the money to fund expanded production of vaccines for the poor — part of an effort to combat global inequality widened by the coronavirus pandemic. The ranks of the super-rich have swelled during the pandemic thanks to ample financial stimulus that pumped up stocks, the group said. Meanwhile, poor countries have suffered more than their share from COVID-19