President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
"In the old days, the averages would've plunged on this kind of oil shock. I know because I've lived through a bunch of them, starting in 1973," Jim Cramer says.Mad Money with Jim Cramerread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
The meeting comes amid months of stalled trade talks between Washington and New Delhi, resulting in both sides taking retaliatory measures.Asia Politicsread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Shopify's stock has been on a tear in the past 12 months, jumping more than 150% en route to surpassing eBay's market cap earlier this year. It is now expected to pass eBay in terms of merchant sales volume in the U.S. as well.
In a note published Monday, R.W. Baird wrote that Shopify is expected to become the second-largest e-commerce platform in the U.S. this year — behind only Amazon — in terms of the sales volume generated by merchants using its service. Shopify is best known for its software that helps merchants sell online, including tools to launch e-commerce sites and accept online payments.
The estimate reflects Shopify's continued growth, which has pushed its stock to more than double this year. The company is now worth $40 billion, and has a larger market cap than eBay, which is valued at roughly $34 billion.
R.W. Baird forecast the number of merchants using Shopify to exceed 1 million by the end of this year, leading to higher revenue estimates for 2019. The market research firm also raised Shopify's price target from $370 to $410.
Shopify reported $362 million in second quarter revenue last month, up 48% from the year-ago period. Total merchant sales volume was $13.8 billion, a 51% jump from the same period of last year. EBay, meanwhile, reported $21.5 billion in total sales volume in its most recent quarter. Neither company breaks down its merchant sales volume by region.
Shopify also announced Monday that it's buying the warehouse automation start-up 6 River Systems for $450 million. The start-up is best known for its "Chuck" autonomous vehicles that can move around packages in the warehouse. Shopify has recently launched a new fulfillment service that packs and ships products for sellers that pay an additional fee.