Lyft Says Lower Prices To Hit Profit, Shares Drop 30%
By Nivedita Balu (Reuters) – Lyft Inc on Thursday forecast current-quarter profit far below Wall Street targets as the ride-hailing…
2023
U.S. 5G Airplane Upgrade Rules May Cost Industry $637 Million -IATA
By David Shepardson WASHINGTON (Reuters) -Proposed U.S. requirements to retrofit airplane altimeters to ensure they are not susceptible to 5G…
Expedia Profit Misses As Severe Weather Weighs On Holiday Quarter
By Doyinsola Oladipo and Shivansh Tiwary (Reuters) -Online travel booking company Expedia Group Inc missed Wall Street estimates for fourth-quarter…
News Corp Announces Job Cuts, Misses Estimates For Earnings
(Reuters) -Media conglomerate News Corp said on Thursday that it would cut 1,250 jobs after it missed estimates for second-quarter…
Wall St Dips As Treasury Yields Rise; Disney Hits 5-month High
By Carolina Mandl (Reuters) – U.S. stock indexes turned lower on Thursday afternoon as Treasury yields rose after an auction,…
U.S. Judge Extends FTX Founder Sam Bankman-Fried’s Bail Restrictions
By Luc Cohen NEW YORK (Reuters) – A U.S. judge on Thursday extended a ban on FTX cryptocurrency exchange founder…
Oil Prices Fall As U.S. Crude, Fuel Inventories Swell
By Laila Kearney NEW YORK (Reuters) -Crude prices eased on Thursday as the devastating earthquake that struck the Middle East…
Facebook Investors Urge Revival Of Cambridge Analytica Fraud Case
By Jody Godoy (Reuters) – Meta Platforms Inc investors formally asked a U.S. appeals court to revive a proposed class…
AstraZeneca Goes For Growth With New Drugs As COVID Sales Wane
By Natalie Grover and Maggie Fick LONDON (Reuters) – AstraZeneca on Thursday said it was poised to grow in 2023…
Fed’s Foot ‘unequivocally’ On Brake, Sensible To Move Slower, Barkin Says
WASHINGTON (Reuters) – Tight monetary policy is “unequivocally” slowing the U.S. economy, allowing the Federal Reserve to move “more deliberately”…