Lyft Offers Lackluster Profit Goal, Sees More Driver Spending; Shares Sink 25%
By Tina Bellon (Reuters) -Lyft Inc on Tuesday gave lackluster targets for operating earnings due to its need to spend…
Cryptoverse: Venture Capitalists Catch Crypto Fever
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Venture capital is making a big move on crypto in 2022….
Airbnb posts much smaller Q1 loss, revenue doubles from 2021
Airbnb sharply narrowed its first-quarter loss to $19 million, as the rebound in travel after two years of pandemic caused…
Washington reaches $518M settlement with opioid distributors
SEATTLE (AP) — Months into a complex trial over their role in flooding Washington with highly addictive painkillers, the nation’s…
Starbucks reports record Q2 sales, enhances worker benefits
Starbucks’ sales climbed to record levels in its fiscal second quarter, but its profits took a hit from climbing labor…
Starbucks Misses Sales Estimates On China COVID Curbs, Suspends Guidance
By Praveen Paramasivam and Hilary Russ (Reuters) -Starbucks Corp suspended its guidance for the rest of its fiscal year on…
White House To Host Union Organizers At Amazon, Starbucks
By David Shepardson WASHINGTON (Reuters) -U.S. Vice President Kamala Harris will host a White House meeting on Thursday with organizers…
Bank Of America Most Favored For Activism Defense In 2021 -Refinitiv Data
By Svea Herbst-Bayliss BOSTON (Reuters) – Bank of America ranked as the top financial adviser to companies targeted by activist…
Opioid Distributors Reach $518 Million Settlement With Washington State
By Dietrich Knauth (Reuters) -Washington has reached a $518 million settlement with drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal…
AMD Forecasts Current-quarter Revenue Above Estimates
(Reuters) – Advanced Micro Devices Inc forecast second-quarter revenue above market expectations on Tuesday, betting on steady demand for its…