By Suleiman Al-Khalidi AMMAN (Reuters) – Syria should soon be able to return to the Arab League but many challenges lie ahead in resolving the country’s more than decade-old conflict, Jordan’s Foreign Minister Ayman Safadi said on Friday. The organisation suspended Syria’s membership in 2011 over President Bashar al-Assad’s violent crackdown on an uprising that…
(Reuters) -Carvana Co said on Thursday that it expects to post a profit in the current quarter and plans to further bring down excess used-car inventory as the retailer sharpens its focus on cutting costs, sending its shares surging 26% in aftermarket trading. The company also reported a smaller-than-expected loss, benefiting from cost cuts. “We’ve already…
By Mehnaz Yasmin (Reuters) -Cryptocurrency exchange Coinbase Global Inc posted a smaller-than-feared loss in the first quarter, benefiting from cost cuts and diversification of revenue sources, sending its shares up 7% in extended trading on Thursday. The company has benefited from its deal for One River Digital Asset Management to ramp up product offerings in…
By Mehnaz Yasmin (Reuters) -Cryptocurrency exchange Coinbase Global Inc posted a smaller-than-feared loss in the first quarter, benefiting from cost cuts and diversification of revenue sources, sending its shares up 7% in extended trading on Thursday. The company has benefited from its deal for One River Digital Asset Management to ramp up product offerings in…
By Noel Randewich and Ankika Biswas (Reuters) – Wall Street ended lower on Thursday after PacWest’s move to explore strategic options deepened fears about the health of U.S. lenders and hit shares of regional banks as well as JPMorgan Chase, Wells Fargo & Co and other major financial players. PacWest Bancorp tumbled 51% after it…
By Khalid Abdelaziz and Mohamed Noureldin KHARTOUM (Reuters) -Fierce fighting persisted in Sudan on Thursday despite a truce agreement as U.S. intelligence said rival forces were trying to gain the upper hand ahead of possible negotiations and the U.N. warned of the violence’s devastating toll on children. Despite multiple ceasefire declarations, the two sides appeared…
By Akash Sriram (Reuters) – Lyft Inc forecast a dull second quarter as price cuts in its race with bigger rival Uber to add more riders take a toll on margins, sending the shares of the ride hailing company down 14% in extended trading on Thursday. Under new CEO David Risher, Lyft is pushing hard…
By Karen Freifeld and Luc Cohen (Reuters) -Lawyers for Donald Trump on Thursday asked the federal court in Manhattan to take over a state criminal case charging him with falsifying business records over a hush money payment to a porn star before his victory in the 2016 presidential election. His lawyers argued that the…
By Granth Vanaik (Reuters) -DoorDash Inc raised its annual core profit forecast after beating quarterly revenue expectations on Thursday, benefiting from an increase in orders for food, groceries and convenience products despite stubbornly high inflation. The food delivery company’s shares rose 4% in extended trading. DoorDash and its competitors such as UberEats have gained from…
By Vansh Agarwal (Reuters) -Bumble Inc beat estimates for first-quarter revenue on Thursday as user spending on its eponymous dating app remained strong despite a looming recession, sending the company’s shares up 7% in aftermarket trading. The parent company of Bumble, Badoo, and Fruitz, benefited from strong user growth during the quarter as more people…
