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Business News

Defense aircraft demand boosts U.S. factory orders; underlying weakness lingers

New orders for U.S.-made goods increased by the most in nearly 1-1/2 years in December amid strong demand for defense aircraft, but weak business spending on equipment pointed to limited scope for a sharp rebound in manufacturing even as business confidence is improving.

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Trading Ideas

Lyft Stock Rises as Earnings Report Approaches

Lyft stock got off to a rough start after its initial IPO in March of 2019. However, the ridesharing company looks to turn things around in 2020, gaining 8.95% over the past month before its next earnings report in the coming weeks.

Lyft Stock Performance Review in 2019
Lyft (NASDAQ: LYFT) made its initial public offering on March 29, 2019 at $72 per share for a valuation of $20.6 billion. This was up from the original projections of around $60 to $70. Yet, Lyft stock started strong that day, opening at $87.33 due to rising interests.
Unfortunately, it wasn’t a great day after …read more […]