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Who was Song Jae Rim? What to know about the Korean actor’s death

Korean actor Tune Jae Rim has died on the age of 39. He was discovered lifeless in his dwelling in Seoul, South Korea. 

Who was Tune Jae Rim? Right here’s what to know. 

Who was Tune Jae Rim?

In keeping with The Occasions of India, Tune Jae Rim was a Korean actor identified for his roles in Okay-dramas like “The Moon Embracing the Solar” and “Two Weeks.” 

Tune Jae Rim studied electrical engineering at Chung-Ang College earlier than starting his profession within the leisure business, in keeping with Well-known Birthdays. 

Did Tune Jae Rim win any performing awards?

Tune Jae Rim earned two nominations on the 2015 Soompi Awards. He was nominated for breakout actor for his position in “The Idle Mermaid” and for greatest couple for “We Received Married,” in keeping with his IMDb profile

The place was Tune Jae Rim born?

In keeping with Well-known Birthdays, Tune Jae Rim was born in Seoul, South Korea on February 18, 1985.

How did Tune Jae Rim move away?

Tune Jae Rim’s dying was confirmed by police on November 12, in keeping with The Occasions of India.

The reason for his dying has not been confirmed and remains to be being investigated. A two-page be aware was reportedly present in his dwelling, sparking suicide rumors.

Sixers star center Joel Embiid makes season debut against Knicks

Joel Embiid is anticipated to make his season debut towards the Knicks as Group Play will get underway within the Emirates NBA Cup 2024.

• Get NBA League Go TODAY >

PHILADELPHIA — Making his season debut, Philadelphia 76ers heart Joel Embiid scored 13 factors in a 111-99 loss to the New York Knicks on Tuesday night time.

Embiid performed simply over 26 minutes, ending 2-for-11 from the sector with three rebounds and 5 assists.

With Tuesday’s loss, the 76ers are 2-8 and close to the underside of the Jap Convention.

Embiid was paired for the primary time with nine-time All-Star Paul George, who missed the primary 5 video games with a bone bruise. Embiid, George and fellow All-Star Tyrese Maxey had been the 76ers’ model of a Huge Three that was anticipated to make them one of many massive favorites out of the Jap Convention.

The trio as an alternative have but to play a sport collectively.

Fox News’ Pete Hegseth picked by Trump for defense secretary : NPR

Pete Hegseth walks to an elevator for a gathering with President-elect Donald Trump at Trump Tower in New York in 2016.

Evan Vucci/AP


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Evan Vucci/AP

President-elect Donald Trump has introduced he’ll nominate Fox Information host Pete Hegseth to function secretary of protection.

“Pete is hard, sensible and a real believer in America First,” Trump stated. “With Pete on the helm, America’s enemies are on discover – Our Army will likely be Nice Once more, and America will By no means Again Down.”

Hegseth is a veteran of the Military Nationwide Guard, the place he did excursions of obligation in Iraq, Afghanistan and Guantanamo Bay as an infantry officer. Throughout his navy service, he was awarded two Bronze Stars and a Fight Infantryman Badge.

Hegseth ran a short-lived Senate marketing campaign in his residence state of Minnesota in 2012, earlier than dropping out. He was additionally CEO of Involved Veterans for America, a veteran advocacy group, previous to becoming a member of Fox Information as a contributor in 2014. On the community, he has helmed a number of packages, most notably internet hosting “Fox & Associates Weekend.”

Whereas some present and former Fox Information personalities have voiced help for Trump, Hegseth is the primary present worker to be nominated for a place in his administration.

It is an sudden alternative that deviates from most of Trump’s latest workers picks for his White Home, who largely descend from political roles in federal and state governments.

Quite a lot of Republicans on Capitol Hill had been shocked by the announcement following a slate of pretty well-known and well-supported candidates for different nationwide safety positions. One Home Republican Committee chair expressed shock at studying that Hegseth was chosen, saying he was not on the identified record of names into consideration.

Indiana Sen. Todd Younger was additionally unaware of Hegseth, saying “I haven’t got a way of his background or his imaginative and prescient for the division.” However he stated he needed to present all of Trump’s nominees a good alternative to be heard.

That stated, Trump has targeted his consideration on appointing loyal allies to positions of energy inside his incoming administration. In a press release, he praised Hegseth’s profession, together with his work on Fox, saying he used his “platform to battle for our Army and Veterans.”

Hegseth has additionally written a number of books targeted on conservative causes, most just lately “The Warfare on Warriors,” which, in a blurb on his web site, states, “We’ve just one Pentagon. Both we take it again or give up it altogether.”

Fox Information praised Hegseth in a press release: “Pete Hegseth has been an distinctive host on FOX & Associates and FOX Nation and a best-selling writer for FOX Information Books for practically a decade.”

“His insights and evaluation particularly in regards to the navy resonated deeply with our viewers and made this system the most important success that it’s at this time. We’re extraordinarily pleased with his work at FOX Information Media and need him the perfect of luck in Washington,” the assertion continued.

Deirdre Walsh and Claudia Grisales contributed reporting.

Kristi Noem is nominated to lead DHS in Trump administration : NPR

South Dakota Gov. Kristi Noem speaks previous to remarks from then-Republican presidential candidate Donald Trump at a marketing campaign rally March 16 in Vandalia, Ohio.

Jeff Dean/AP


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Jeff Dean/AP

President-elect Donald Trump has introduced he’ll nominate South Dakota Gov. Kristi Noem to steer the Division of Homeland Safety.

It is a position that holds important weight for Trump, who campaigned closely on the difficulty of immigration, pledging to hold out mass deportations of undocumented immigrants.

Mentioned Trump in an announcement: “She is going to work intently with ‘Border Czar’ Tom Homan to safe the Border, and can assure that our American Homeland is safe from our adversaries.” Homan is the previous head of Immigration and Customs Enforcement. Trump loyalist Stephen Miller is anticipated to be deputy chief of employees and deal with immigration coverage. Neither Miller nor Homan’s positions require Senate affirmation.

Noem, a religious Christian who’s the primary lady elected to function governor of South Dakota, is in her second time period.

In his assertion, Trump cited one in all her notable strikes main her state: “Kristi has been very robust on Border Safety. She was the primary Governor to ship Nationwide Guard Troopers to assist Texas struggle the Biden Border Disaster, they usually have been despatched a complete of eight instances.”

CNN first reported she could be Trump’s DHS choose.

Noem converted to politics in 2006 as a state consultant after serving to run her household farm as a small enterprise proprietor. 4 years later, she headed to Washington, D.C., when she received the state’s at-large seat within the U.S. Home of Representatives.

Earlier than in the end selecting Ohio Sen. JD Vance, Trump spoke extremely of Noem as he was deliberating his operating mate, saying, “She’s been there for us for a very long time … She’s loyal, she’s nice.”

However Noem drew criticism earlier this yr for saying that Native tribes in South Dakota profit from the drug cartel trade — a remark that led her to be banned from all 9 reservations within the state.

Moreover, Noem wrote about having met North Korean chief Kim Jong-un in her memoir, No Going Again, which she then retracted from the ultimate copy. In that very same memoir, she wrote about killing her household canine, which drew explicit scorn.

Trump to nominate Fox News host and veteran Pete Hegseth as defence secretary

U.S. president-elect Donald Trump moved to construct out his nationwide safety staff Tuesday, saying that he’s nominating Fox Information host and armed forces veteran Pete Hegseth to function his defence secretary, and former director of nationwide intelligence John Ratcliffe to guide the Central Intelligence Company.

In a flurry of bulletins, Trump mentioned he had chosen former Arkansas governor Mike Huckabee as ambassador to Israel and his longtime buddy Steven Witkoff to be a particular envoy to the Center East. Trump additionally mentioned he would nominate South Dakota Gov. Kristi Noem to run the Division of Homeland Safety (DHS) and named Invoice McGinley, his cupboard secretary in his first administration, as his White Home counsel.

Trump is rolling out a gradual stream of appointees and nominees for his upcoming administration, working to date at a sooner tempo and with out as a lot drama as his first transition following his 2016 victory.

Questions doubtless about {qualifications}

His choice of Hegseth, who lacks senior navy or nationwide safety expertise, was positive to attract questions on his {qualifications} to guide the division.

Hegseth, 44, is a co-host of Fox Information Channel’s Fox & Mates Weekend and has been a contributor with the community since 2014, the place he developed a friendship with Trump, who made common appearances on the present.

If confirmed by the Senate, he would inherit the highest job throughout a sequence of worldwide crises — starting from Russia’s battle in Ukraine and the continued assaults within the Center East by Iranian proxies to the push for a ceasefire between Israel, Hamas and Hezbollah and escalating worries concerning the rising alliance between Russia and North Korea.

Trump and South Dakota Gov. Kristi Noem dance to the music Y.M.C.A. at a marketing campaign occasion in Oaks, Pa., final month. The U.S. president-elect says he’ll nominate Noem to run the Division of Homeland Safety. (Matt Rourke/The Related Press)

Hegseth can be the writer of The Struggle on Warriors: Behind the Betrayal of the Males Who Hold Us Free, revealed earlier this 12 months.

The ebook, in keeping with its promo, combines “his personal battle experiences, tales of shock, and an incisive take a look at how the chain of command acquired so kinked,” and payments itself as “the important thing to saving our warriors — and profitable future wars.”

Whereas the Pentagon is taken into account a key coveted put up in any administration, the defence secretary was a tumultuous put up throughout Trump’s first time period. 5 males held the job throughout his 4 years solely to resign, be fired or serve briefly as a stopgap. Simply two of them have been truly confirmed by the Senate.

Tensions with civilian, navy leaders

Trump’s relationship together with his civilian and navy leaders throughout these years was fraught with pressure, confusion and frustration, as they struggled to mood and even merely interpret presidential tweets and pronouncements that blindsided them with abrupt coverage choices they weren’t ready to clarify or defend. Lots of the generals who labored in his first administration — each on lively obligation and retired — have slammed him as unfit to serve within the Oval Workplace and he has condemned them in return.

Hegseth was an infantry captain within the U.S. military nationwide guard and served abroad in Afghanistan, Iraq and Guantanamo Bay, Cuba. He was previously head of the Involved Veterans for America, a bunch backed by conservative billionaires Charles and David Koch, and he unsuccessfully ran for the Senate in Minnesota in 2012.

John Ratcliffe, then the director of nationwide intelligence, waits to board a helicopter on the South Garden of the White Home in Washington in December 2020. Trump mentioned he’ll nominate Ratcliffe to guide the Central Intelligence Company. (Patrick Semansky/The Related Press)

He additionally championed the case of 4 former Blackwater contractors convicted in a 2007 capturing rampage in Baghdad that killed greater than a dozen Iraqi civilians. They have been pardoned by Trump in one in every of his closing acts throughout his first tem in workplace.

“With Pete on the helm, America’s enemies are on discover — Our Army will probably be Nice Once more, and America will By no means Again Down,” Trump mentioned in an announcement. “No one fights more durable for the Troops, and Pete will probably be a brave and patriotic champion of our ‘Peace by Energy’ coverage.”

Hegseth has “a superb background as a junior officer however doesn’t have the senior nationwide safety expertise that secretaries want,” mentioned Mark Cancian, a senior adviser on the Heart for Strategic and Worldwide Research, a U.S. think-tank.

“I feel Trump was uninterested in preventing together with his secretaries of defence and picked one who can be loyal to him.” Cancian mentioned the dearth of expertise would possibly make it harder for Hegseth to get by Senate affirmation.

Noem, 52, is a well known conservative and former member of Congress who used her two phrases main a state to vault to a distinguished place in Republican politics. She was thought-about a possible presidential contender herself, however declined to problem Trump. She as a substitute launched an overt pitch to be chosen vice-president however misplaced that nod when Trump selected J.D. Vance as his operating mate.

If confirmed, Noem would head an company on the centre of Trump’s sweeping immigration plans and his marketing campaign vow to hold out mass deportations of immigrants in america illegally. There are an estimated 11 million individuals within the nation illegally.

Steve Witkoff speaks at a rally held at New York’s Madison Sq. Backyard final month throughout Trump’s re-election marketing campaign. Trump desires Witkoff to function a particular envoy to the Center East. (Evan Vucci/The Related Press)

The DHS is a sprawling company of 260,000 workers created within the wake of the Sept. 11 assaults with an enormous space of duty. It was patched collectively from 22 varied businesses with the weighty activity of stopping future assaults and is the topic of fixed recommendations that it’s too unwieldy and ought to be damaged up.

Criticized by Democrats

Ratcliffe, a 59-year-old former Republican congressman from Texas, served as director of nationwide intelligence for the ultimate months of Trump’s first time period, main the U.S. authorities’s spy businesses throughout the COVID-19 pandemic. He’s a extra conventional decide for the position, which requires Senate affirmation, than some rumoured loyalists pushed by a few of Trump’s supporters.

As intelligence director, Ratcliffe was criticized by Democrats for declassifying within the closing days of the 2020 presidential election Russian intelligence alleging damaging details about Democrats throughout the 2016 race, despite the fact that he acknowledged it may not be true.

Ratcliffe’s visibility rose as he emerged in 2019 as an ardent defender of Trump throughout the Home’s first impeachment proceedings towards him. He was a member of Trump’s impeachment advisory staff and strenuously questioned witnesses throughout the impeachment hearings.

After the Democratic-controlled Home voted to question Trump, Ratcliffe mentioned, “That is the thinnest, quickest and weakest impeachment our nation has ever seen.” He additionally forcefully questioned former particular counsel Robert Mueller when he testified earlier than the Home Judiciary Committee about his investigation into Russian interference within the 2016 election.

“I sit up for John being the primary particular person ever to serve in each of our Nation’s highest Intelligence positions,” Trump mentioned in an announcement. “He will probably be a fearless fighter for the Constitutional Rights of all People, whereas guaranteeing the Highest Ranges of Nationwide Safety, and PEACE THROUGH STRENGTH.”

Pal, golf associate 

Witkoff can be the president-elect’s golf associate and was with him when he was the goal of a second assassination try at his golf membership in West Palm Seaside, Fla., in September.

Trump’s transition staff didn’t supply particulars concerning the Center East envoy position, however Trump mentioned in an announcement, “Steve will probably be an unrelenting Voice for PEACE.”

The choice of Witkoff follows a sample for Trump in placing individuals near him in pivotal roles on the Center East portfolio. Eight years in the past he appointed his former company lawyer Jason Greenblatt as his particular consultant for worldwide negotiations and relied on his son-in-law, Jared Kushner, as his private envoy in talks within the area.

Trump gained the White Home within the Nov. 5 election, defeating his Democratic opponent, U.S. Vice-President Kamala Harris.

The 78-year-old Trump will return to energy after 4 years away from the Oval Workplace. He is solely the second candidate ever to win non-consecutive phrases within the White Home.

Trump may even be the primary convicted felon to function president.

Trump picks Kristi Noem to serve as his Homeland Security secretary



CNN
 — 

President-elect Donald Trump has chosen South Dakota Gov. Kristi Noem as his subsequent secretary of the Division of Homeland Safety, in line with two individuals conversant in the choice.

“Kristi has been very robust on Border Safety,” Trump mentioned in a press release formally asserting the decide later Tuesday.

“She’s going to work intently with ‘Border Czar’ Tom Homan to safe the Border, and can assure that our American Homeland is safe from our adversaries,” he added.

Noem has been tapped to take over the company as two key immigration hardliners — Stephen Miller and Tom Homan — are slated to serve in senior roles, signaling Trump is critical about his promise to crack down on his immigration pledges. Together with his collection of Noem, Trump is making certain a loyalist will head an company he prioritizes and that’s key to his home agenda.

The division noticed an immense quantity of turmoil the final time Trump was in workplace. Then, DHS had 5 completely different leaders, solely two of whom have been Senate-confirmed. The company has a $60 billion price range and a whole lot of hundreds of staff.

Noem, who beforehand was a South Dakota consultant, will now be tasked with overseeing a sprawling company that oversees every thing from US Customs and Border Safety and Immigration and Customs Enforcement to the Federal Emergency Administration Company and the US Secret Service.

Though Noem doesn’t signify a border state, she has an extended historical past of taking hardline positions on immigration. As a candidate for Congress in 2010, she supported an finally unsuccessful try by Senate Republicans to thwart an Obama administration lawsuit difficult an Arizona immigration regulation. She additionally has known as for punishment of Democratic-led “sanctuary cities” that protected undocumented immigrants by not cooperating with federal businesses throughout Trump’s first time period.

As governor, Noem sparred with indigenous tribes in her state, suggesting that tribal leaders have been focusing extra on benefiting from drug cartels than their youngsters, feedback that led to her being banned from some tribal lands. As DHS secretary, Noem could be in control of a division that’s concerned in tribal points.

Since taking workplace in 2019, Noem has established herself politically as a governor in Trump’s fashion and has lengthy sought to curry favor with the president-elect. She was a vociferous opponent of Covid-19 security measures reminiscent of enforced masking and enterprise and church closures, and as soon as mentioned at a Nationwide Rifle Affiliation occasion that her 2-year-old grandchild has a number of weapons. In 2020, The New York Occasions reported that Noem as soon as introduced Trump with a four-foot duplicate of Mount Rushmore that added his face to the pantheon of American presidents and she or he was one of many earliest governors to endorse him forward of his 2024 run for president.

Trump, in flip, has known as Noem a “terrific particular person,” and she or he was as soon as thought-about a prime potential working mate as he equipped for his 2024 run. However she ultimately fell off the shortlist, after which suffered an embarrassing political episode following the publication of her e book: “No Going Again: The Reality on What’s Incorrect with Politics and How We Transfer America Ahead.” In it, she revealed that she as soon as killed her 14-month-old wirehair pointer, Cricket, when she was not displaying the indicators of a super looking canine.

The governor wrote that the canine was “untrainable,” in line with excerpts first reported by The Guardian. Noem later argued that these anecdotes have been meant to point out how succesful she is of doing among the extra grotesque jobs in life when essential.

Nonetheless, Noem has remained a staunch ally of Trump’s. Within the closing weeks of the 2024 marketing campaign, The Atlantic reported that Noem participated in a technique briefing with Trump, questioning findings by marketing campaign officers concerning the state of the race. And he or she moderated a memorable city corridor in October when Trump swayed to music for greater than half-hour.

This story has been up to date with extra particulars.

CNN’s Michelle Shen contributed to this report.

Jelly Roll: Son of a sinner rolling into Saskatoon

Jelly Roll is coming to Saskatoon.

The Tennessee-born “Son of a Sinner” rolls into Saskatoon on March 15, marking the halfway level of his tour throughout Canada, transferring east from Victoria to Quebec Metropolis.

Presale tickets for his present at SaskTel Centre can be found from Tuesday at 1 p.m. to Thursday at 10 p.m., opening to most people on Friday.

Jelly Roll’s 2022 single “Son of a Sinner” gained three CMT Music Awards in 2023, and he was nominated for a Grammy for greatest new artist.

His newest launch, Superbly Damaged, debuted at quantity three on the Billboard Canadian Album Chart. It options a lot of collabs with different artists, together with Wiz Khalifa and Machine Gun Kelly.

Jelly Roll – March 13 & 14, 2025

Right this moment, acclaimed Grammy nominated, platinum licensed, singer/songwriter Jelly Roll proclaims “The Fantastically Damaged Nice Northern Tour,” his debut worldwide headlining tour run in Canada. Produced by Stay Nation, the 12-city tour kicks off on March 6 at Save-On-Meals Memorial Centre in  Victoria, BC making stops throughout Canada in Vancouver, Edmonton, Toronto and extra earlier than wrapping up in Quebec Metropolis, QC at Videotron Centre on March 26. Particular visitors for all dates embody Josh Ross, Savannah Dexter, and Brabo Gator.

“Fantastically Damaged” launched October 11 debuted at #1 on the Billboard 200 All Style Chart, in addition to #3 on the Billboard Canadian Album Chart, and spent two weeks because the #1 Canadian nation album.The album options the reigning CMA New Artist of the Yr’s present radio single “Liar,” in addition to his platinum licensed worldwide #1 “I Am Not Okay,” which topped the Nation radio charts within the US and has now spent two weeks at #1 in Canada, because it  continues to resonate with followers. Final week Jelly Roll earned his fourth profession Grammy nomination, with two nominations for the 2025 Grammys together with Greatest Nation Music and Greatest Nation Solo Efficiency for his hit, “I Am Not Okay.”

TICKETS: Tickets might be out there beginning with an artist presale starting on Tuesday at 1pm native time. Extra presales together with an American Specific presale (particulars beneath) will run all through the week forward of the final onsale starting on Friday, November 15 at 10AM native time at JellyRoll615.com

PRESALE: American Specific® Card Members can buy tickets in Canada earlier than the final onsale starting Wednesday, November 13 at 10 AM native time by means of Thursday, November 14 at 10 PM native time.

VIP:  The tour may also provide a wide range of completely different VIP packages and experiences for followers to take their live performance expertise to the following degree. Packages range however embody premium seats, a guided backstage tour, pre-show VIP Lounge, restricted version tour poster & extra. VIP package deal contents range based mostly on the provide chosen. For extra data, go to vipnation.com

Georgia Tech hands No. 4 Miami first loss of season

Georgia Tech coaches believed one of the best ways to beat Cam Ward and No. 4 Miami was to maintain the ball away from the quarterback.

Regardless of dropping their prime two working backs and having their beginning quarterback function primarily as a runner, the Yellow Jackets’ recreation plan was profitable.

Ward and Miami lastly ran out of second-half comebacks as Haynes King led Georgia Tech to a 28-23 win over the beforehand unbeaten Hurricanes on Saturday for the Yellow Jackets’ first victory over a top-five staff in 15 years.

Followers rushed the sector, toppling each goalposts, after the sport.

Miami (9-1, 5-1 ACC) was denied its first 10-0 begin since 2017. Georgia Tech (6-4, 4-3) grew to become bowl-eligible and ended a two-game dropping streak.

“We simply did not play Miami soccer,” security Mishael Powell mentioned. “We did not do a superb job getting turnovers immediately.”

King rushed for 93 yards and ran and handed for touchdowns as Georgia Tech held the ball virtually 10 minutes longer than Miami. The Yellow Jackets held the Hurricanes to a season low in factors — lower than half of their top-ranked common of 47.4.

King threw solely six passes, finishing all of them for under 32 yards, in his return after lacking two video games with a proper shoulder harm. The Yellow Jackets outrushed the Hurricanes 271-88.

“The way in which they ran the soccer, realizing that they have been banged up at quarterback, they did a greater job than we did,” Miami coach Mario Cristobal mentioned.

“Extraordinarily, extraordinarily disappointing. I believe, as you’ll be able to think about, all the locker room is admittedly unhappy, down, upset. It’s a must to personal it.”

The Yellow Jackets overcame 347 passing yards and three landing passes by Ward, a Heisman Trophy contender.

“Good soccer recreation, when you consider in working the ball and stopping the run and time of possession,” Georgia Tech coach Brent Key mentioned. “These kind of issues nonetheless work.”

The Yellow Jackets held the ball for 17 performs on a monstrous 75-yard landing drive capped by King’s 5-yard display go to Malik Rutherford within the second quarter. The drive put Tech up 14-10 and chewed 10 minutes, 45 seconds off the clock.

Ward’s 38-yard scoring go to Xavier Restrepo reduce the result in 28-23 within the fourth quarter. Miami’s last possession began at its 19 with 1:52 left. Ward fumbled when sacked by Romello Top, and Jordan van den Berg recovered for Georgia Tech.

“Our guys performed,” Key mentioned. “They did not bat an eye fixed. They did not flinch.”

Georgia Tech’s Jamal Haynes broke by means of Miami’s defensive entrance for a 65-yard run on the second play of the sport and added a 16-yard scoring run two performs later because the Yellow Jackets took a 7-0 lead.

Ward answered with a record-setting 74-yard scoring go to Elijah Arroyo. It was Ward’s school-record thirtieth landing go of the season. Ward had been tied with Steve Walsh, who threw 29 scoring passes in 1988.

Accidents at working again

Haynes left the sport following a giant hit from security Jaden Harris within the first quarter and did not return. Haynes’ backup, Chad Alexander, left with an obvious left leg harm late within the first half.

One other backup working again, Trey Cooley, misplaced his helmet on successful from Miami defensive sort out Ahmad Moten Sr. late within the third quarter. Moten was flagged for focusing on and ejected from the sport.

Comeback magic ends

Miami’s unbeaten run by means of its first 9 video games included three second-half comebacks. Miami beat Duke 53-31 final week after the Blue Devils led 28-17 within the third quarter. Towards Georgia Tech, the Hurricanes’ solely lead was 10-7 and so they trailed after the Yellow Jackets went up 14-10 within the second quarter.

The Related Press contributed to this story.

Canadian Funds with the Biggest Exposure to Shopify…

Shopify SHOP inventory, some of the broadly held firms in Canada, skyrocketed 21% on Tuesday following its third-quarter earnings report, and within the course of giving a giant increase to some mutual funds and exchange-traded funds with huge holdings of the ecommerce agency’s shares.

Shopify inventory rose C$26.89, closing at C$152.26, clocking the most important intraday surge in over a yr, fueled by better-than-expected income and a cheery forecast for the upcoming vacation buying season.

Shopify is up greater than 15% for the yr thus far, as of Nov. 12. The inventory’s rally pushed the S&P/TSX Composite Index previous the 25,000 mark for the primary time, reaching a brand new report.

Main Canadian ETFs with vital Shopify publicity surged alongside inventory’s rally in the present day. The iShares S&P/TSX Capped Data Tech ETF closed at C$67.05, up C$3.76, or 5.94%, whereas the iShares Canadian Progress ETF rose 2.52% to shut at C$56.46. The BMO MSCI Canada ESG Leaders ETF ended the day up 1.72% at C$40.13.

“Third-quarter income power was spectacular, in our view, as Shopify continues to collect extra retailers, broaden internationally, achieve offline gross sales, and drive total gross merchandise quantity growth,” says Morningstar fairness analyst Dan Romanoff, who forecasts the corporate is “nicely positioned as a frontrunner in e-commerce and has quite a lot of irons within the hearth to maintain sturdy progress.”

Shopify, which competes with ecommerce heavyweights reminiscent of Amazon (AMZN) and Walmart (WMT), has introduced that it expects income progress for the present quarter to achieve a mid- to high-twenties proportion. The steering exceeds Wall Avenue’s projections of twenty-two.8% income progress, estimated by FactSet.

The inventory is without doubt one of the largest holdings in lots of Canadian inventory ETFs and mutual funds. Right here’s a take a look at the methods with the heaviest weightings in Shopify inventory.

The creator or authors don’t personal shares in any securities talked about on this article. Discover out about Morningstar’s editorial insurance policies.

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