Shopify (SHOP) Stock on Rise after JMP Securities Upgrade

On Wednesday, Canadian e-commerce giant Shopify saw its stock swell following a JMP upgrade to ‘Market Outperform.’ Shopify (NYSE: SHOP) stock has surged after a JMP Securities upgrade. On Wednesday, the California-based full-service investment platform upgraded SHOP from Market Perform to Market Outperform with a $65 per share price target. JMP Views Shopify Stock as … Read more

IRS to Treat NFTs Like Physical Art as Concerns Rise over Taxation

Following the announcement, a section of the crypto community on Twitter has heaped praises on the IRS and Treasury Department for taking such a detailed approach instead of regulating through enforcement. The Internal Revenue Service (IRS) may be contemplating disallowing the addition of NFTs to Individual Retirement Accounts (IRAs). This follows after both the IRS and … Read more

Mortgage Rates Rise Over 7% for First Time since October as Inflation Shows No Signs of Abating

Mortgage rates jumped 7.1% Thursday following last week’s 28-year low decline in homeownership applications due to raging inflation.  Mortgage rates have climbed back over 7% following increased higher yields from inflation fears. According to Mortgage News Daily, the 30-year fixed mortgage average rate jumped to 7.1% on Thursday. Generally, increased concern that inflation is not abating … Read more

Aston Martin Shares Rise 14% due to Welcome 2023 Profitability Forecast

English luxury automaker Aston Martin recently saw its shares surge following its optimistic 2023 forecast.  The shares of English luxury automobile manufacturer Aston Martin (LON: AML) have surged 14% on the company’s 2023 profitability forecast. Aston Martin forecasts better profitability this year despite increased pretax losses in 2022 due to a weakened UK currency. The … Read more