President Trump announced a 20% reimbursement fee on all cargo passing through the Strait of Hormuz to cover U.S. military protection costs, causing oil prices to rise over 4%. SK Hynix and Samsung Electronics shares plunged after SK Hynix's U.S. debut, dragging South Korea's Kospi Index down 9%. Meanwhile, Shopify was upgraded to Buy by Jefferies, and SpaceX shares fell near IPO price amid insider selling concerns. This move escalates U.S. involvement in a key global shipping route and impacts markets linked to oil and technology sectors.
Jefferies upgraded Shopify to Buy from Hold, raising its price target to $160 due to strong early Q2 performance and a revamped partner program. The firm expects Shopify to exceed growth forecasts with a 27% increase in gross merchandise volume (GMV)...
The generative AI market in e-commerce is projected to grow from $1.24 billion in 2026 to $2.44 billion by 2030, with an annual growth rate of 18.8%. Growth is fueled by innovations such as AI chatbots, AR/VR shopping, predictive analytics, and 5G ne...
