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Shopify (SHOP) processed $123.84B in gross merchandise volume in Q4 2025, grew revenue 30.58%, and controls over 14% of US ecommerce, but net income fell 42.54% year-over-year due to mark-to-market accounting losses while operating income rose 35.7% and free cash flow grew 17.02% to $715 million.

The most useful thing said about cybersecurity this week came from Abhijit Dubey, the global CEO of NTT DATA, who told CNBC that “the frontier AI effectively has changed the cybersecurity equation” because attacks are now exponentially more sophisticated, the surface area has grown, and everything is happening at machine speed. His conclusion follows directly:…

Aristotle Capital Boston, LLC, an investment advisor, released its “Small Cap Equity Fund” Q2 2026 investor letter. A copy of the letter can be downloaded here. The Fund returned 13.69% in the second quarter of 2026, trailing the Russell 2000 Index’s 21.49% gain as security selection in information technology and industrials weighed on performance despite…