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CNBC BusinessJul 06, 2020
Coronavirus live updates: California asks more counties to close indoor businesses as cases grow
The coronavirus has infected more than 11.49 million people around the world as of Monday, killing at least 535,185 people.

Google Business NewsJul 06, 2020
Teary Amanda Kloots sings 'Live Your Life' with fans one last time after Nick Cordero dies - USA TODAY
Teary Amanda Kloots sings 'Live Your Life' with fans one last time after Nick Cordero dies  USA TODAYEditorial: Want to revive the economy? Fewer lectures, more personal responsibility.  Chicago TribuneBroadway star Nick Cordero dies after a monthslong battle with coronavirus  CBS This MorningNick Cordero's last Instagram post in March was a tribute to his wife  TODAY

Google Business NewsJul 06, 2020
Trump news - live: White House claims world sees US as a leader on coronavirus, as row with Nascar driver Bubba Wallace escalates - The Independent
Trump news - live: White House claims world sees US as a leader on coronavirus, as row with Nascar driver Bubba Wallace escalates  The IndependentBiden campaign memo claims Trump attacks on ex-VP 'actively rebounding onto him,' GOP candidates  Fox News5 Things To Watch This Week In Politics And Protests  NPRBiden benefits from a

Yahoo BusinessJul 06, 2020
Buy Into the Shopify Story for the Long-Term, Says 5-Star Analyst
E-commerce platform Shopify (SHOP) joined the $1,000 per share club last week, symbolically reaching the landmark on Canada Day. The Ottawa-based company has delivered a strong performance in 2020, with shares up by a remarkable 159% year-to-date. Given this impressive rally, should investors reduce exposure to the e-commerce highflyer?No, is the succinct answer from Baird analyst Colin Sebastian.While the lofty valuation is "still the biggest investor pushback," the 5-star analyst believes there still remains a large untapped TAM (total addressable market) that Shopify has yet to penetrate.Sebastian said, "Shopify has made our list of favorite stocks each year since initiating coverage in early 2016. In our view, there are scarce few (if any) public software companies as closely tied to the enormous e-commerce share shift, with an established leadership position, and world-class product and engineering. Moreover, we see multiple incremental revenue drivers ahead from new paid services, new partnerships (e.g., WMT) and consumer facing technology (Shop app)."It's no secret that as the coronavirus raged across the globe, the e-commerce sector benefitted.COVID-19 has sped up what was already an underlying shopping trend - the move to online. Sebastian estimates this will result in an "incremental shift of roughly $200 billion in annual retail spend in the U.S. from offline to online channels."Shopify, PayPal and Amazon make up roughly 80% of e-commerce volume in the U.S. This means that Shopify stands t

Yahoo BusinessJul 06, 2020
Tesla shares surge 13% as strong deliveries drive profit optimism
The day's jump increased Tesla's stock market value by $30 billion, eclipsing the entire value of Ford Motor Co , currently at $25 billion. JMP Securities increased its price target to $1,500 from $1,050 after Tesla on Thursday reported higher-than-expected second-quarter vehicle deliveries, defying plummeting sales in the wider auto industry as the coronavirus pandemic slammed the global economy. "We believe that the question to be considered is not whether the stock is expensive on current valuation measures, but what the company's growth and competitive position signal about the stock's potential for the next several years," JMP Securities analyst Joseph Osha wrote in a client note.

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