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Yahoo
7 minutes ago
- Yahoo
Why Shopify Stock Is Rising Today
Key Points Investors may be responding to the fact that the E.U. said it won't increase tariffs on the U.S. just yet. But slowing job growth and uncertainty around tariffs could eventually weigh on the economy. Shopify investors should keep a close watch on the company's upcoming quarterly results. 10 stocks we like better than Shopify › Shares of the e-commerce platform company Shopify (NASDAQ: SHOP) were rebounding today after stumbling on Friday after a weaker-than-expected jobs report. Investors regained some of their optimism for the company today, as the European Union says it's delaying some retaliatory tariffs on the U.S. for six months. Shopify investors are closely watching for any positive economic news as they prepare for the company's Q2 earnings report due out on Wednesday. Shopify stock was up by more than 5% this morning and had gained 4.8% as of 11:29 a.m. ET. Some positive news ahead of Shopify's upcoming earnings report Profit growth has been slowing for Shopify, and investors will get more details on which direction it's currently headed when the company reports second-quarter results on Wednesday. In the meantime, investors were responding positively to the E.U.'s announcement that it will hold off on any retaliatory tariffs against the U.S., as it tries to strike a trade deal. Investors were spooked on Friday by a weak jobs report for June and significantly revised jobs numbers for May, which caused a sell-off among many stocks on Friday. So any news that the U.S. isn't entering a new stage of a trade war with the E.U. caused investors to respond positively. Shopify's growth is dependent on how well companies are growing in the U.S. and how many new businesses are started. So any slowdown in the economy will weigh down the company's sales and earnings. The latest job data wasn't a good sign, but with today's gains, it appears investors aren't yet sold on the idea that the U.S. economy is slowing down. Shopify investors will know more very soon Wednesday's Q2 report will prove whether investors' optimism is misplaced or not. It's certainly not time to panic about the economy, but there are significant uncertainties right now as hiring slows down and the dust settles on new tariffs. It could take months for both to work their way through the economy, which means the next few quarters will be especially important to watch for Shopify investors. Should you invest $1,000 in Shopify right now? Before you buy stock in Shopify, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shopify wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Chris Neiger has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. Why Shopify Stock Is Rising Today was originally published by The Motley Fool
CNN
7 minutes ago
- CNN
How Texas' redistricting effort is having major implications across the US
The outcome of the political battle over Texas' redistricting effort is already having major implications across the country. Other Republican-dominated states are considering following Texas' lead as Democratic governors weigh their options to retaliate with their own mid-decade redistricting efforts. The Texas legislature, meanwhile, is at a standstill after House Democrats fled the state in a bid to block the Republican effort to redraw congressional districts in the GOP's favor. President Donald Trump has pushed the redistricting effort, and Gov. Greg Abbott called the 30-day special session in which the GOP unveiled proposed maps that could shift as many as five US House seats into the Republican column. Abbott is now threatening to remove the Democratic lawmakers who left the state in a bid to block the House from voting on those new maps. Here's a look at what's happening in Texas, and why it matters: Congressional district lines are required to be redrawn once a decade, after the census. But mid-decade maneuvers like the one in Texas are unusual. Texas Republicans want to pad the US House GOP majority ahead of next November's midterm elections by increasing the number of seats Democrats need to flip — currently three — to claim House control. Democrats face a much stiffer challenge in winning back the Senate. But if they win the House majority, it would give the party a foothold for Trump's final two years in office. Democrats could slow or halt the president's legislative agenda and use House committees to investigate his administration's actions, much as they did in the last two years of Trump's first term, from early 2019 to early 2021. The proposed maps unveiled last week by Texas' majority-Republican legislature would aggressively redraw the state's congressional districts to make five seats much more likely to favor GOP candidates. The new Texas map features 30 districts that Trump would have won in 2024 if the map was in place, up from 27 under the current district lines. In total, there are five more seats that Trump won by more than 10 percentage points, according to data from the Texas Legislative Council. The proposed map eliminates the seat of Rep. Greg Casar, who would likely be forced into a primary with another liberal Democrat, Rep. Lloyd Doggett, in the Austin area. Republicans also propose merging the Houston-area seat of Rep. Al Green with a vacant seat held by the late Rep. Sylvester Turner, who died in office earlier this year. Green's district was altered more than any other sitting member in the plan. The map would also make two south Texas seats held by Democratic Reps. Henry Cuellar and Vicente Gonzalez more Republican-leaning. But multiple Democrats view the seats as still in reach for the two centrist members who typically performed ahead of statewide or national Democrats. Democrats are in the minority in the Texas House, but they hold enough seats that they can deprive the chamber of the number of legislators necessary to do business under House rules. That's why many fled the state on Sunday, with most flying to Illinois and others traveling to New York, outside the reach of Texas law enforcement. The departed lawmakers could face $500-a-day fines that can't be paid with campaign funds — though the House Democrats and their supporters are already raising money to help cover those fines. Former US Rep. Beto O'Rourke told CNN his political action committee, Powered By People, which raised more than $700,000 for state House Democrats during a quorum-break in 2021, will 'raise whatever it takes, for as long as it takes, to help these Texas Democrats with their lodging, with being able to feed themselves, supporting them with these $500-a-day fines.' 'We have their backs all the way,' he said. Meanwhile, Democratic governors in deep-blue states are plotting retribution. The governors of California, Illinois, Maryland New Jersey and New York have suggested they will explore redrawing their own congressional district maps to add more Democratic-leaning seats, or left the door open to doing so. 'The gloves are off, and I say, bring it on,' New York Gov. Kathy Hochul said Monday. Once a critical swing state, increasingly red Ohio is required to redraw its congressional districts this fall because the 2022 map was struck down as unconstitutional by the state Supreme Court. The makeup of the Buckeye State's high court has changed since that ruling, and the new court is seen as much more likely to green-light a map that favors Republicans, who hold 10 of the state's 15 congressional seats. Florida Gov. Ron DeSantis recently floated the idea of a mid-cycle redistricting in his state, too. 'I think the state malapportioned,' he told reporters in July, adding it would be 'appropriate to do a redistricting here in the mid-decade.' Punchbowl News reported the White House is pushing Missouri to redraw its districts to target one of just two Democratic-held seats, that of Rep. Emanuel Cleaver, in a state where the GOP holds the other six House seats. The White House has also urged Indiana to redraw districts in which Democrats hold two of nine seats. Democratic Rep. Frank Mrvan's northwest Indiana district would likely be the target if the Hoosier State were to do so. The redistricting battles cannot carry on without deadlines. In many states, including Texas, candidates must file for next year's primary ballots before the end of this year. Abbott on Monday indicated he could seek more extreme measures than daily $500 fines to try to force Democrats' hands or circumvent their quorum-break. He threatened to remove Democrats from the state House if they don't return by 4 p.m. ET, when the legislature is scheduled to convene in Austin. Abbott told Fox News that the Democratic lawmakers had 'absconded' from their responsibilities. 'I believe they have forfeited their seats in the state legislature because they're not doing the job they were elected to do,' he said. CNN's David Wright, Kaanita Iyer, Sarah Ferris and Ethan Cohen contributed to this report.
Business Wire
9 minutes ago
- Business Wire
Mike Parrish Appointed as CEO, Howden U.S. and Jim Hays as Vice Chairman, Howden Group Holdings
LONDON--(BUSINESS WIRE)--Howden, the global insurance intermediary group, today announces the appointment of Mike Parrish as Chief Executive Officer, Howden U.S., and of Jim Hays as Vice Chairman, Howden Group Holdings. Mike will build a next-generation U.S. retail broking business for clients and talent, bringing Howden's unique employee-ownership driven and client-centric model to the largest and most dynamic insurance market in the world. Jim will bring more than 40 years' U.S. insurance industry experience to the Howden Group Board. Mike is one of the industry's most successful business builders, with a proven track record of scaling highly successful U.S. operations. His appointment reflects Howden's approach to empowering the very best leaders in each territory to build great businesses by attracting exceptional talent and giving that talent the freedom to put their clients at the heart of the business. Mike spent the best part of two decades at Aon, where he built a market-leading business, before joining Marsh in 2021. He will join Howden in September, subject to the fulfilment of relevant contractual obligations. Jim is a deeply experienced U.S. insurance executive and entrepreneur who previously served as Chief Executive Officer of Hays Company, an insurance broker which he founded in 1994 and sold to Brown & Brown in 2018. He served as Vice Chair and as a member of the Board of Brown & Brown, Inc. He started Hays as a seven-person operation and oversaw more than 25 years of growth to build one of the leading independent U.S. brokers. Howden started with three people in 1994 and has become a top 10 global broker with more than 22,000 people, including nearly 6,000 employee shareholders who own 34% of the Group. It has done this by attracting entrepreneurs to build businesses across 56 countries, today managing $47 billion in premiums and providing a full-service offering across retail, specialty, and reinsurance broking, risk capital advisory, employee benefits, and underwriting and program management. Howden already has substantial operations in the U.S. where more than a quarter of its revenue is generated. It has operated in the U.S. for more than a decade through DUAL, one of the world's largest Managing General Agents, through Howden Re, one of only four global reinsurance brokers, and through many years of supporting US-domiciled clients as their wholesale broker in international markets, with more than $18bn of US premiums today. Jim Hays, Vice Chairman, Howden Group Holdings, said: 'I could not be more energized to join this incredibly exciting, deeply ambitious Group with its army of entrepreneurs dedicated to serving clients. And of course, to work with David, who is in my view one of the most visionary leaders in business today. I was privileged to count Neil Armstrong as a personal friend, so the fact that the news of Howden's further investment in the USA was first rumoured in the press on the 21st July - the day an American first walked on the Moon – was particularly apposite for me.' David Howden, CEO, Howden, said: 'From the beginning we built Howden on the principle that if we look after our people they will look after our clients. This means we hire great people and get out of their way, truly empowering them to do what's best for their clients. This is why our organic growth consistently outperforms the market. 'Mike's appointment is an incredibly important moment in our 30-year history of building a global group with an energetic and entrepreneurial culture, owned by the people who work in it. The foundation of our success has always been in finding the right leaders who are driven to build a business they can be proud of. In Mike we've found one of insurance's most outstanding leaders, with an owner's mindset and an unrivalled track-record, who wants the freedom to build a business that is an alternative home for talent and clients in the U.S. And in Jim we have one of the most accomplished entrepreneurs in the U.S., who brings a wealth of experience to the Group Board as we accelerate towards our ambitious 2030 vision. 'I am passionate about the role insurance can play in the world, facilitating growth and helping to solve some of the biggest challenges we are facing. In a consolidating market we're answering a clear desire from clients, insurers, and talent for choice by being the destination for top talent. And I am especially proud that when others in the broking market are cutting costs, we are investing to create jobs in the U.S. to provide better service to clients. We will combine the full weight of our global capabilities to deliver expertise and service with a difference in the U.S. and internationally. 'Our doors are now open. We can't wait to get started.' About Howden Howden is a global insurance intermediary group with employee ownership at its heart. Founded in 1994, it provides insurance broking, reinsurance broking and underwriting services and solutions to clients ranging from individuals to the largest multinational companies. The group operates in 56 countries across Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employing 22,000 people and handling $47bn of premium on behalf of clients.
