soar Archives

Shopify beats estimates for quarterly results on AI boost, shares soar

August 7, 2024 mpsingh No Comments Business beats, Boost, estimates, quarterly, results, Shares, Shopify, soar

By Reuters Published Aug 7, 2024 Shopify beat analysts’ estimates for second-quarter results and forecast upbeat sales growth as its AI-enabled tools attracted more merchants to its e-commerce services, sending its U.S. shares up 17% before the bell on Wednesday. Reuters The Canadian company, which helps small and medium businesses build an online store as [...]read moreShopify beats estimates for quarterly results on AI boost, shares soar

Carvana shares soar on upbeat forecast for core profit, retail sales

May 2, 2024 mpsingh No Comments Auto Carvana, Core, forecast, profit, retail, sales, Shares, soar, upbeat

Shares of Carvana surged over 30% in extended trading on Thursday after the used-car seller forecast a surprise rise in current-quarter retail sales and core profit. Carvana’s results come as high interest rates prompt consumers to look for deals on second-hand cars instead of buying new ones. Its shares, which have a short interest of [...]read moreCarvana shares soar on upbeat forecast for core profit, retail sales

Mortgage demand continues to fall as rates soar

May 1, 2024 mpsingh No Comments Real estate continues, demand, fall, Mortgage, Mortgage Applications, Mortgage Bankers Association, Mortgage Rates Center, rates, soar

Mortgage demand dipped last week as mortgage rates reached their highest levels since November 2023. Applications decreased by 2.3% on a seasonally adjusted basis during the week ending April 26, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey. “Inflation remains stubbornly high, and this trend is convincing markets that rates, including mortgage [...]read moreMortgage demand continues to fall as rates soar