Business & Finance News
Lyft Inc on Tuesday forecast slower growth in the new year as ridership growth stagnated in the second half of 2019, disappointing investors and sending shares down 3.7% after hours.
S&P 500 and the Nasdaq inched to their second consecutive record closing highs on Tuesday as Chinese officials said the deadly coronavirus epidemic could be contained by April.
Korean automaker Hyundai Motor Co broadened its future transportation portfolio with an agreement to jointly develop electric vehicles with California startup Canoo, the companies said on Tuesday.
Lyft Inc on Tuesday reported record quarterly revenue of more than $1 billion, but the ride-hailing company forecast slower growth in the new year as ridership growth stagnated in the second half of 2019, sending shares down.
Samsung Electronics on Tuesday unveiled a foldable smartphone shaped like a large makeup compact, its second try at a novel technology that the South Korean cell phone maker hopes will set it apart from rivals Apple Inc and Huawei.
The S&P 500 and the Nasdaq inched to their second consecutive record closing highs on Tuesday after Chinese officials said the deadly coronavirus epidemic could be contained by April.
The Federal Aviation Administration says it agrees with recommendations made by the U.S. Transportation Department’s Inspector General that faulted its oversight of Southwest Airlines Co, according to a final report seen by Reuters ahead of its release later this week.
The Federal Trade Commission has issued special orders to Alphabet Inc’s Google unit, Amazon.com Inc , Apple Inc , Facebook Inc and Microsoft Corp to provide information on mergers that were too small to report to antitrust regulators, the FTC said on Tuesday.
Major U.S. and European stock indexes surged to fresh records on Tuesday after China’s senior medical adviser suggested the deadly coronavirus may be over by April, an outlook that also helped crude prices gain on hopes of renewed Chinese demand.
Samsung Electronics on Tuesday unveiled a square-shaped foldable smartphone, its second try at a novel technology that the Korean cell phone maker hopes will set it apart from rivals Apple Inc and Huawei.
Wall Street advanced on Tuesday with the S&P 500 and the Nasdaq on track to score their second consecutive record highs after officials said the deadly coronavirus could be contained by April.
Oil prices edged up from 13-month lows on Tuesday as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy oil demand destruction.
China’s central bank said on Tuesday it has approved an application by Mastercard’s China joint venture to conduct bank card clearing operations in the country.
German automakers Volkswagen and Daimler have launched a study to push for more “sustainable” lithium mining in Chile, according to lobbyist filings reviewed by Reuters, a sign of growing supply chain concerns ahead of an expected electric vehicle boom. Chile’s Atacama salt flat is by far the biggest source of supply of the ultralight battery metal in South America’s so-called “lithium triangle.” The region, whose fragile ecosystem relie
Home rentals giant Airbnb Inc swung to a loss for the first nine months of last year as costs climbed sharply, The Wall Street Journal reported https://www.wsj.com/articles/airbnb-swings-to-a-loss-as-costs-climb-ahead-of-ipo-11581443123?mod=searchresults&page=1&pos=1 on Tuesday, citing people close to the company.
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