Shares of Shopify are moving higher after the company reported Black Friday sales increasing 17% year over year.
JARED BLIKRE: Welcome back. Let's get a check on some of the retail stocks on the move. The big winner today, Shopify. The company saying its merchants saw sales jump 17% from a year ago. Top categories include apparel, accessories, followed by health, beauty, and home garden.
Tesla said it would "accelerate" the launch of new models next year, including lower-cost cars, countering reports earlier this month it had scraped those plans.
After Congress approved billions of extra funding for tax compliance, the Internal Revenue Service pledged it would get tougher on rich taxpayers and corporations while avoiding extra scrutiny of middle-class households.
Tesla earnings tumbled below lowered expectations. Tesla stock jumped late as the EV giant signaled an affordable EV is still it its plans. Elon Musk looms.
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Unit sales appear considerably below my estimates.
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JPMorgan's CEO is concerned the US economy could be in for a repeat of the stagflation that hampered the country during the 1970s.
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