Lyft raises forecast for 2019 as price war with Uber eases, ridership rises
Lyft Inc posted a jump in revenue on Wednesday in its second-quarter results, allowing the ride-hailing company to lift its forecasts as more riders used the service and price competition with rival Uber eased.
AIG profit beats on strong underwriting, investment income
Insurer American International Group Inc beat Wall Street estimates for quarterly profit on Wednesday, boosted by improved underwriting in general insurance business and higher investment income, sending its shares up 3% in extended trading.
IAC explores option to spin off Match, ANGI; beats quarterly revenue
IAC/InterActiveCorp said it was exploring the possibility of spinning off its stake in Tinder-parent Match Group and online homeservices provider ANGI Homeservices as it reported a better-than-expected quarterly revenue on Wednesday.
Fox Corp beats profit estimates on higher affiliate fees
Media company Fox Corp beat Wall Street estimates for quarterly profit on Wednesday, boosted by higher fees collected from cable and satellite operators and online distributors.
S&P 500 ends slightly higher after rebounding with bond yields
The S&P 500 recovered from steep early losses to end slightly higher on Wednesday as investors snapped up oversold shares and bond yields rebounded from significant lows that raised fears about a recession.
Samsung’s new Note takes on Huawei in selfie beauty pageant
Samsung unveiled a new version of the Galaxy Note smartphone on Wednesday with fast 5G network connection and improved camera features, hoping the premium model helps it revive slumping profit and widen the gap with struggling rival Huawei.
Rush into U.S. bonds curbs global stock markets; gold touches six-year high
Investors rushed into the safety of U.S. government bonds on Wednesday, muting a broad stocks rally as fears of a global recession grew.
Oil dives nearly 5% to seven-month low on surprise U.S. stock build, trade war
Oil prices tumbled more than 4.5% on Wednesday to a seven-month low, extending recent heavy losses following a surprise build in U.S. crude stockpiles and fears that demand will shrink due to Washington’s escalating trade war with Beijing.
U.S. government contractors get first look at Huawei ban
The U.S. agency responsible for government contracts on Wednesday released an interim rule for a ban on federal purchases of telecommunications equipment from five Chinese companies, including Huawei.
Tesla stands by safety claims despite U.S. probes, subpoenas over crashes
Electric carmaker Tesla Inc stood by its Model 3 safety claims on Wednesday in the face of regulatory scrutiny, while documents showed the top U.S. automotive safety watchdog issued at least five subpoenas since last year seeking information about cras…
