Shorts line up for a Lyft ride despite surge pricing
What a difference a week makes. Lyft Inc has gone from IPO darling to short sellers’ best friend.
First report on Boeing crash that killed 157 in Ethiopia due Thursday: source
Ethiopian authorities will deliver their first report on the crash of Ethiopian Airlines flight 302 on Thursday at 10:30 a.m. local time (0730 GMT), a source told Reuters.
Chip index at record, boosts Wall Street as trade hopes build
U.S. stocks rose on Wednesday, extending a strong start to the quarter as rising hopes of a trade deal with Beijing and bullish reports lifted the semiconductor index to a record high.
Deutsche Bank and Commerzbank divided over pace of merger talks: sources
Deutsche Bank and Commerzbank are divided over the pace of their merger talks, two people with knowledge of the matter said on Wednesday.
U.S. services, private payrolls data highlight slowing economy
U.S. services sector activity hit a more than 19-month low in March and private payrolls grew less than expected, underscoring a loss of momentum in the economy that supports the Federal Reserve’s move to suspend interest rate hikes this year.
IKEA to test furniture rental in 30 countries
IKEA wants to roll out furniture rental to all its main markets in a bid to appeal to its increasingly environmentally conscious and transient customers.
Trump orders crackdown on counterfeit sales online
President Donald Trump on Wednesday ordered a crackdown on counterfeit products on third-party online marketplaces, asking for more information on how the United States can better track and curb such sales.
Max Levchin’s Affirm raises $300 million in latest funding round
PayPal Holdings Inc co-founder Max Levchin’s Affirm has raised $300 million in a funding round led by Thrive Capital that included actor Ashton Kutcher and Guy Oseary’s Sound Ventures as one of its new investors.
India’s Jet grounds much of its fleet as it awaits bailout funds
India’s Jet Airways has been forced to ground more than three quarters of its fleet after failing to pay lessors as it awaits bailout funds promised by state-run banks.
Wall Street rises as trade hopes build; chip index hits record
U.S. stocks rose on Wednesday, extending a strong start to the quarter as rising hopes of a trade deal with Beijing and bullish reports lifted the semiconductor index to a record high.
