Tag: NYSE:UBER
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Tuesday’s Wall Street Highlights: PacWest, Yelp, Oracle, Lowe’s and more
US Index Futures had a flat open, with indexes hovering just below the flat line as the market focused on budget disputes in Washington. By 6:40 AM, Dow Jones futures were down 21 points, or 0.06%. S&P 500 futures were down 0.02%, while Nasdaq-100 futures were down 0.02%. The 10-year Treasury yield was at 3.746%. West Texas Intermediate…
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Lyft’s New CEO Risher Announces Additional Layoffs, Shares Soar
David Risher, CEO of ride-hailing service Lyft Inc, announced on Friday that it will cut jobs “significantly” through another round of layoffs to cut costs. The announcement sent the company’s share price jumping. The company declined to provide details on how many employees would be affected by the move, but the Wall Street Journal previously…
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S&P 500 Earnings to Decline, Tesla to Build Shanghai Factory, Speculators Bet Against Treasuries
Markets React to Jobs Data Asian stocks gave up gains, and US equity futures fell in light trading as investors evaluated the Federal Reserve’s policy following Friday’s US jobs data. US stock contracts declined, and Treasury yields dropped across the curve in Asia after jumping Friday. The US monthly payrolls data boosted bets on a…
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Market News: European Stocks Rise, Led by Deutsche Bank, Banks Extend Services to Crypto, Salesforce Shakes Off Proxy Fight
European Stocks Rise, Led by Deutsche Bank European stocks opened higher on Monday, led by Deutsche Bank (NYSE:DB) and other financial stocks, indicating a growing sense of confidence among investors about the health of the banking sector. The Stoxx 600 (STOXX:SSXP) rose 0.9%, while the Dax (DBI:DAX) and Cac 40 (EU:PX1) increased by 0.8%, and…