Browsing: sinks

The attempt by US Treasury Secretary Scott Bessent to bring down bond yields (interest rates) at the longer end of the market by organising an increased Treasury buyback operation of up to $6 billion has hit the ground with a thud.

Shopify and Etsy are getting crushed while the broader e-commerce basket and Latin America’s biggest marketplace barely flinch. That gap between the platform names and the sector fund is the only clue worth following right now.

The market punished eGain hard, with the stock sliding almost 18% in a single session. Yet the headline story is more about margin compression than a business in free fall. Q4 revenue landed at about US$22.2 million while basic earnings per share came in at roughly US$0.05, capping a fiscal year where net profit margin…

AI disruption fears are engulfing enterprise software Wednesday morning, and Intuit (NASDAQ:INTU | INTU Price Prediction) sits at the center of the reset after a fiscal 2027 outlook that lands well below what bulls hoped to hear. The concern spreading across enterprise software is that autonomous agents can hollow out incumbent workflows, from consumer tax…

In the latest trading session, Salesforce (CRM) closed at $193.26, marking a -2.13% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.26%. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 0.54%.