Bloomberg E-commerce companies have emerged as a favourite play on Wall Street during the coronavirus pandemic, amid a growing consensus that upcoming results will reveal a potentially permanent shift in consumer behaviour towards online shopping. While online sales have long been growing their market share as a percentage of overall retail spending, the trend has been accelerated as shutdowns force ...

Bloomberg Canadian stocks rose in Toronto, capping a fifth straight week of gains, the longest stretch in over a year. The S&P/TSX Composite index added 1.2%, with the health-care and technology sectors posting the biggest increases. Tech stocks have gained 25% this year, led by e-commerce company Shopify Inc.’s more than 75% surge. The e-commerce sector has been a favourite ...

Bloomberg Bank of Russia Governor Elvira Nabiullina said another percentage point of interest rate cuts is possible as the economy heads into its worst economic slump in more than a decade. “Given the extraordinary development of events, adjusting monetary policy in small steps as we are used to may not be enough,” Nabiullina said after the central bank cut by ...