Lyft shares tank 20% after company issues weak guidance
Lyft shares fell more than 20% during after hours trading after issuing weak guidance in its earnings report on Thursday.
Yahoo to lay off 20% of staff by year-end, beginning this week
Yahoo will lay off more than 20% of staff, or around 1,600 workers, with the company’s Yahoo for Business being slashed in half, the company said.
This income ETF with an 11% yield is attracting tons of retail investors
JPMorgan Equity Premium Income ETF (JEPI) is still attracting new cash from investors even as the broader market has rallied in recent weeks.
Microsoft may have won the A.I. battle, but Alphabet could win the war, analysts say
The commentary comes after both companies held competing AI events this week, showcasing their plans to build on the recent artificial intelligence momentum.
Biden’s billionaire tax is ‘dead on arrival’ in Congress, top Wall Street backers and Democratic strategists say
Biden’s billionaire tax would subject households with a net worth above $100 million to pay a minimum annual tax of 20% on gains of their “tradable assets.”
Fast food reigns supreme as inflation weighs on pricier restaurants
Fast-casual and full-service restaurants like Chipotle and Chili’s are struggling to attract customers.
Third Point becomes latest activist investor to take stake in Salesforce
Dan Loeb’s hedge fund Third Point has built a position in Salesforce, CNBC has confirmed.
Chinese spy balloon carried ‘multiple antennas’ for collecting signals intelligence, State Dept. says
According to an official, photos taken by high-altitude U-2 planes confirmed the presence of the equipment, and the balloon was made by a company linked to the Chinese military.
Tether records surprise profit as stablecoin giant aims to put reserve controversy behind it
Tether on Thursday said it generated $700 million of profit in the December quarter, which the firm has used to boost its reserves.
Burt Bacharach, legendary composer of pop songs, dies at 94
Burt Bacharach, the gifted and popular composer and Oscar winner who delighted millions with quirky arrangements and unforgettable melodies has died at 94.
