Lyft reports dramatic revenue drop of 61% but points to uptick in rides in July »
Lyft reported second-quarter earnings Wednesday, which showed a 61% revenue drop versus the same period last year, but a glimmer of hope for its core …
U.S. ban on China’s TikTok could cut it off from app stores and advertisers, White House document shows »
A source familiar with the White House document verified its authenticity. TikTok did not immediately respond to a request for comment.
Some technology …
The case against Trump is ‘open and shut,’ says Kamala Harris in first speech as Biden’s VP pick »
WASHINGTON — Sen. Kamala Harris delivered a scathing condemnation of President Donald Trump on Wednesday during her first appearance with former Vice President Joe …
Singapore’s top banks brace for more challenges after reporting a plunge in quarterly profits »
Singapore’s three largest banks reported a sharp fall in second-quarter net profits compared to a year ago as they beefed up reserves in …
Jim Cramer: Charts show S&P 500 rising to 3,600 if it clears a key hurdle »
Cramer, looking at the daily chart of the E-mini SP 500 futures, said Wall Street has now recovered its losses from when investors started …
Jim Cramer: Charts show S&P 500 rising to 3,600 if it clears a key hurdle »
Cramer, looking at the daily chart of the E-mini SP 500 futures, said Wall Street has now recovered its losses from when investors started …
‘Bleak but salvageable’: Huawei has limited options as U.S. sanctions cut off supply to phone chips »
Huawei is reportedly running out of its own high-end chips for smartphones due to U.S. sanctions — and the company may have limited …
Putin’s plan for Russia’s coronavirus vaccine is at ‘high risk of backfiring,’ expert says »
“This is a case of Russia cutting corners for big gains, big wins domestically and — they hope — internationally,” said Morrison.
“It’s …
Elizabeth Holmes’ Theranos trial set to begin on March 9, 2021 »
Seven months and nine days from now Elizabeth Holmes will face charges that she defrauded investors of her blood-testing company Theranos.
That was …
How the coronavirus pandemic is debunking some long-held myths of the energy industry »
Not everyone is pessimistic about the industry’s prospects.
“The Stone Age didn’t end because they ran out of rocks,” Ron Smith, senior …
Before BigCommerce’s 200% IPO pop, Intuit offered $1.5 billion for the software company »
Were BigCommerce to have taken the deal at $1.5 billion, the company would have been valued at about 11 times revenue, a good …
UK enters recession after GDP plunged by a record 20.4% in the second quarter »
Britain’s quarterly contraction is by far the deepest among comparable advanced economies. French GDP contracted by 13.8%, Italy 12.4%, Germany 10.1%, Canada 12%, …
Airbnb plans to confidentially file for IPO this month »
Airbnb is planning to submit a confidential filing with the SEC this month to go public, a source familiar with the matter confirmed …
Here are Wednesday’s biggest analyst calls of the day: Roku, Target, Ferrari, Deere & more »
“Our positive view is supported by: 1) an attractive valuation, with shares trading at ~8.5x our FY21 EPS, a discount to long-term averages …
The S&P 500 is about to hit record levels, and that could be the start of another big move higher »
The weakening dollar has also been a positive factor lifting stocks. “I’m a believer that the dollar is undergoing a major trend change, …
5 things to know before the stock market opens on Wednesday »
Democratic presidential candidate Joe Biden announced Tuesday his running mate will be Sen. Kamala Harris, making her the first-ever Black woman to appear …
U.S. airline stocks ease off of multi-week highs as S&P 500 gives up gains »
U.S. airline stocks Tuesday hit their highest prices since mid-June, but the rally, led by more customers returning to air travel and hopes …
Sumner Redstone, billionaire media tycoon, dead at age 97 »
Redstone was a fierce competitor. “From an early age. I always wanted to be Number One,” he said in the 2012 CNBC interview. …
As Airbnb struggles with plunge in travel ahead of IPO, hosts complain about missing payments »
It’s been a brutal few months for Airbnb hosts, who count on income from the home-sharing site to help make ends meet. The …
New York Times CEO Mark Thompson says he expects the end of the physical newspaper in 20 years »
The New York Times was founded in 1851, but it would surprise outgoing CEO Mark Thompson if the physical paper made it to …
