Lyft shares fall after disappointing revenue, active rider miss
Lyft reported third-quarter revenue that fell short of estimates, and active riders came in below Wall Street’s forecast.
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World’s 20 richest tech billionaires lose nearly $500 billion in 2022
The 20 richest tech billionaires lost nearly half a trillion dollars this year. Moguls including Mark Zuckerberg and Jeff Bezos have collectively lost more on paper than values of most S&P 500 companies.
European markets retreat as investors track earnings, ECB meeting; Credit Suisse down 13%
European markets pulled back slightly on Thursday as investors digested a slew of corporate earnings and the European Central Bank’s monetary policy decision.
Bitcoin Rejected At $20,000 As Most Altcoins Continue Bleeding
The crypto market looks to close a largely uneventful week, fitting perfectly within an equally unmemorable month. Most assets have been bleeding slightly. Conversely, those few cryptocurrencies seen trading in the green cannot brag either.
HDFC Bank’s market cap now 10 times higher than that of crisis-hit Credit Suisse
Currently, HDFC Bank’s m-cap stands at $99.10 billion while Credit Suisse’s m-cap is $11 billion. A year ago, Credit Suisse had a market cap of $26 billion.
Lululemon jumps after it boosts outlook and posts strong earnings beat
Lululemon reported second quarter earnings after the bell on Thursday.
SocGen posts second-quarter loss after taking 3.3 billion euro hit on Russia exit
Societe Generale on Wednesday reported better-than-expected earnings despite taking a 3.3 billion euro ($3.36 billion) hit from exiting its Russian operations.
Citigroup tops profit estimates as bank benefits from rising interest rates, shares surge 10%
Of the four major banks to report second-quarter results this week, only Citigroup topped expectations for revenue.
Mid-Afternoon Market Update: Dow Gains 500 Points; Red Robin Gourmet Burgers Shares Spike Higher
U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining 500 points on Friday. The Dow traded up 1.53% to 33,138.06 while …
Goldman Sachs Tops Analyst Estimates as Trading Desks Crush Expectations Amid Surging Volatility
Goldman seems to have exceeded other Wall Street firms in benefiting from the sudden market upheaval caused by the Ukraine conflict.