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  • Associated Press Finance

    Shopify tumbles on weak outlook after a very strong start to 2024

    Shopify plunged Wednesday after the Canadian company that helps retailers with online sales warned of easing revenue growth and thinner margins in the current quarter. Shopify Inc. is predicting that revenue will climb by a high-teens percentage rate for the second quarter, well below the 23% jump in the first quarter. The e-commerce company anticipates quarterly gross margin will decrease by about 50 basis points compared with the first quarter, in which its gross margin was 51.4%.

  • Investor's Business Daily

    Teva Pharma's Turnaround Story: How A Key Win Helped It Clinch A Five-Year High

    Teva stock surged Wednesday after the company beat first-quarter views and unveiled promising results from its schizophrenia drug study.

  • Reuters

    United Airlines cancels daily flights to Tel Aviv through June 5

    United Airlines will cancel its daily flights to Tel Aviv in Israel through June 5, the carrier said on Wednesday. "We continue to closely monitor the situation and will make decisions on upcoming flights with a focus on the safety of our customers and crews," United said in a statement. The carrier also added that its second daily Tel Aviv flight would be canceled through June 19.