Business & Finance News
Lyft Inc’s quarterly revenue rose 95% and topped market expectations on Tuesday as the ride-sharing company reported its first results after going public, days before rival Uber plans its own IPO.
Match Group beat quarterly revenue estimates on Tuesday, as it added more subscribers to its popular dating app, Tinder.
Chinese Vice Premier Liu He will travel to Washington for two days of trade talks this week, China said on Tuesday, setting up a last-ditch bid for a deal that would avoid a sharp increase in tariffs on Chinese goods ordered by U.S. President Donald Trump.
Nestle, the world’s largest packaged food company, said it plans to abandon direct-store delivery of frozen pizza and ice cream in the United States, a move that will cut 4,000 jobs.
U.S. stocks tumbled more than 2 percent on Tuesday as escalating trade tensions between the United States and China triggered global growth fears and kept investors away from riskier assets.
Months of calm in U.S. stocks gave way to a surge in activity in the options market on Tuesday as investors spooked by escalating trade tensions between the United States and China boosted Wall Street’s so-called fear gauge to the highest level in three months.
Facebook Chief Operating Officer Sheryl Sandberg was meeting with U.S. lawmakers on Capitol Hill on Tuesday ahead of an expected settlement with the Federal Trade Commission, a spokesman for Senator Jerry Moran said.
Nestle, the world’s largest packaged food company, said it plans to abandon direct-store delivery of frozen pizza and ice cream in the United States, aiming to make their operations more efficient and profitable.
Ford Motor Co plans to expand its GoRide medical transportation service to 40 cities nationwide over the next four years, moving into Ohio and Florida this year and other large states by 2020, the company said on Tuesday.
Concerns over relations between the United States and China slammed global equity markets, oil futures and U.S. Treasury yields on Tuesday as investors fretted about setbacks in trade talks between the world’s two biggest economies.
The Federal Aviation Administration said on Tuesday it had convened a multi-agency Technical Advisory Board to review Boeing’s proposed software fix on the grounded 737 MAX.
Nestle plans to launch a new line of baby formula in China this year under an existing brand, targeted at smaller cities, as the world’s largest packaged food company tries to lengthen its lead in the world’s biggest baby milk market.
Alphabet Inc’s Google business on Tuesday offered a preview of voice technology that lets users make rental car bookings for upcoming trips with just a simple ask of the company’s virtual assistant tool.
Jeffrey Gundlach, chief executive officer at DoubleLine Capital, said on CNBC on Tuesday that he sees a better than 50% chance that new tariffs will happen.
Chinese Vice Premier Liu He will travel to Washington for trade talks on Thursday and Friday, Beijing said on Tuesday, setting up a last-ditch bid to avoid a sharp increase in tariffs on Chinese goods announced by President Donald Trump.
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