Lyft reports dramatic revenue drop of 61% but points to uptick in rides in July

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

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

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 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

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

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

‘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

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

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

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

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

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 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

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 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

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 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

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

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

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