New Balance is known to have a knack for making foam that feels immediately convincing underfoot, and the Ellipse lives up to that expectation. Positioned as an everyday running shoe, it is comfortable, fun, and might very likely make runners want to come back for more. On the first two counts
US President Donald Trump on Tuesday said the United States has “militarily defeated" Iran, adding that King Charles III “agrees with me even more than I do" that Iran cannot have nuclear weapons. In his first public remarks on the issue during a state dinner at the White House attended by
The Supreme Court on Wednesday refused to pass additional directions to curb acts of hate speech, saying that existing laws are sufficient to deal with the problem, Bar and Bench reported. The notion that the offence is unoccupied by the law is misconceived
![Harare [Zimbabwe], April 29 (ANI): Zimbabwe Cricket (ZC) has announced its Women’s squad for their upcoming white-ball tour of Pakistan on Wednesday](http://newsorbit360.com/files/news/en/imgs/zimbabwe-women-name-squad-for-pakistan-white-ball-tour.webp?height=154)
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Tensions in the Middle East are rippling far beyond the region - and are now being felt in India's "glass city" Firozabad, where thousands of jobs are at risk. In this city in northern Uttar Pradesh state, about 50km (30 miles) from the famed Taj Mahal, glass is at the centre of life
Shopify issues upbeat quarterly forecasts, $2 billion stock buyback plan; shares surge
Shopify projected quarterly revenue well above market estimates on Wednesday, as the ecommerce platform benefits from resilient consumer spending against a backdrop of US tariffs and rising prices.
US-listed shares of the Ontario, Canada-based company jumped more than 10% premarket after it also announced a new share buyback plan of up to $2 billion.
While US President Donald Trump's tariffs, rising cost-of-living challenges, and worries over the labor market have strained shopping budgets, consumer spending has held strong in the US, driven primarily by higher-income households.
US consumer sentiment rose to a six-month high in early February, according to the University of Michigan's Surveys of Consumers. Consumer spending also increased solidly in October and November, aiding healthy holiday quarter sales for retailers.
That is underpinning growth at Shopify, which primarily generates revenue by taking a cut of merchant sales through payment processing fees and by selling subscription plans to merchants.
"We ended 2025 with strength across all merchant sizes, regions, and channels, setting us up well for 2026," said Shopify finance chief Jeff Hoffmeister.
The company has doubled down on integrating AI-based tools that help sellers with a range of tasks, including analyzing sales data and setting up stores, helping it attract both small-scale entrepreneurs and larger retailers.
Gross merchandise volume, or the total value of goods sold on the platform, was $123.84 billion in the holiday quarter, up from $94.46 billion in the prior year.
The company expects revenue to rise at a low-thirties percentage rate in the January-March quarter, compared with analysts' estimate of a 25.2% rise, according to data compiled by LSEG.
Total revenue rose 31% to $3.67 billion in the quarter ended December, beating estimates of $3.59 billion.
The company reported a gross profit of $1.69 billion in the quarter, a rise of more than 25% from last year. It expects profit to increase in the high-twenties percentage range in the current quarter.
Source: EconomicTimes
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