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Why Did Shopify Stock Rise 12% Last Month? [Yahoo! Finance]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
e-commerce industry had investors bullish early in the month, but that momentum stalled after the Federal Reserve announced its decision to maintain interest rates. Macroeconomic data was favorable for e-commerce May's economic indicators were reported in June, and retail sales are an important metric for Shopify investors. Retail sales increased 0.2% from April, bringing full-year growth to 2%. That was slightly slower than expected, and it represents contraction if you consider the 3.3% increase in consumer prices, according to CPI data. Consumers continue to struggle with inflation, high borrowing costs, and a weakening job market. Conditions are tough for retailers right now. The underlying data wasn't so gloomy for e-commerce. Online sales climbed 6.8% from last year. The non-store retailers category, which includes e-commerce sales, increased 0.8% from April. In a weaker-than-expected month, e-commerce was one of the brightest spots. Shopify's fee revenue is a function o
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