Lyft said on Tuesday (Feb 9) it stood by its goal to become profitable on an adjusted basis by the end of this year despite the pandemic, forecasting a rebound in ride-hail demand beginning in the second quarter of 2021.
Besides low tax rates, Singapore’s regulatory changes are attracting more family offices to set-up here and that could have a multiplier effect on the economy, says David Kuo.
The price of the “memecoin” surged more than 800 per cent on Jan 29 – a boost coinciding with that of GameStop’s share price, say finance professors.
Twitter on Tuesday posted 27 per cent user growth, missing Wall Street estimates, and warned this rate would slow in the upcoming quarters as a boost from the pandemic fizzles.
Cisco Systems Inc forecast current-quarter revenue above analysts' estimates on Tuesday as the pandemic-induced rise in remote working drives up demand for its networking and teleconferencing tools.
President Joe Biden said on Tuesday (Feb 9) he agreed with a proposal by Democratic lawmakers that would limit or phase out stimulus payments to higher-income individuals as part of his US$1.9 trillion coronavirus relief bill.
Mattel Inc beat estimates for quarterly sales on Tuesday as parents splurged on Barbie dolls and Hot Wheels cars for their children during a holiday season that was dulled by the COVID-19 pandemic.
The New York Stock Exchange may leave New York State if Albany imposes a transfer tax on stock sales, the president of the Intercontinental Exchange Inc-owned exchange operator said on Tuesday in an op-ed in the Wall Street Journal.
Americans stuck at home and with more discretionary funds at their disposal but fewer spending options because of the COVID-19 pandemic are piling into the stock market and sprucing up their homes, a survey showed on Tuesday.
U.S. President Joe Biden will meet with the chief executives of JPMorgan Chase, Walmart, Gap Inc, and Lowe's Companies on Tuesday as part of his efforts to boost an economy still reeling from the coronavirus pandemic.
