Stocks fell to their lows of the day on Friday on news that Chinese trade officials are cutting short their visit to the U.S.US Marketsread more
Chinese trade negotiators had a sudden change of plans, cancelling a visit to meet U.S. farmers in Montana after they wrapped trade talks in Washington this week.Marketsread more
Canadian trade union Unifor said roughly 4,500 of its members have been temporarily laid off because of the GM strike so far.Autosread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Roku shares have more than quadrupled this year, but the stock has had some rocky days of late as more players jump into streaming.Technologyread more
Walmart will stop selling e-cigarettes amid "regulatory complexity" and "uncertainty" around the products, the retailer said in a memo Friday.Health and Scienceread more
Legal experts say that California, which has pledged to sue, has a strong case that the administration's move is unlawful.Politicsread more
A group of 23 states on Friday sued to undo the Trump administration's determination that federal law bars California from setting stiff tailpipe emission standards and...Transportationread more
U.S. officials, including Secretary of State Mike Pompeo, have accused Iran of orchestrating devastating strikes on Saudi oil installations over the weekend.Politicsread more
Rosengren was one of two central bank officials to vote against Wednesday's quarter-point rate reduction, and explained in a speech to the Stern School of Business at New York...Economyread more
Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Shares of Shopify, a Canadian e-commerce software maker, surged as much as 69 percent above its IPO price of $17 per share after debuting on the New York Stock Exchange Thursday. (Tweet This)
The Ottawa-based company, which makes software that helps both small and large businesses such as Tesla sell goods online, issued about 7.7 million shares in the offering, raising around $130 million.
Shopify CEO Tobias Lutke said he was not worried about going public in a climate where fellow online retailers like Etsy have seen shares slump. "We love the position we are in," he said in an interview with CNBC's "Squawk on the Street." "It came down to the team was ready, the company was ready, everything was ready."
Shopify works with over 150,000 merchants across 150 different countries with sales totaling over $8 billion. Customers using the sales platform pay a fee starting at $14 a month.
Lutke said Shopify wins by partnering with companies like Google looking to emphasize mobile shopping and simplifying purchases for customers with buy buttons. "We find the last decade has been the lost decade of entrepreneurship," he said. "It was really hard working with all the complexity and learning curve to start. We've flattened that down and now allow people to have not just one single point solution, but just run the entire operation for them."
Lutke, who founded Shopify after he discovered the difficulty of managing sales for his own snowboard company over ten years ago, claims the platform takes only 15 minutes for a small business to master.
Reuters contributed to this report