Shares of Uber Technologies Inc and Lyft Inc jumped in premarket trading on Wednesday, as Wall Street cheered the app-based firms' projected victory in their battle to set the terms of the gig economy they have helped create.
Voters in trend-setting California backed a ballot proposal by Uber and its allies that cements app-based food delivery and ride-hail drivers' status as independent contractors, not employees, according to a projection by data provider Edison Research.
Renewable energy and cannabis-related stocks, tipped to gain under a Joe Biden administration, were among the hardest hit on Wall Street on Wednesday, as traders adjusted to overnight results that left the presidential election hanging in the balance.
REUTERS: Futures tracking the S&P 500 and the Nasdaq indexes rose in volatile trading on Wednesday as investors faced the prospect of a drawn-out and potentially contested U.S. election result after President Donald Trump took the lead in some key states. Both Trump and Biden claimed they were on...
REUTERS: U.S. stock index futures swung to gains in volatile trading on Wednesday as investors faced the prospect of a drawn-out and potentially contested U.S. election result after President Donald Trump took the lead in some key states. Both Trump and Biden claimed they were on course for ......
PUTRAJAYA: Malaysian Prime Minister Muhyiddin Yassin said on Wednesday (Nov 4) that the government will table an expansionary budget to ensure people’s prosperity, business continuity and economic resilience amid the COVID-19 pandemic. He said during a television interview that the first focus ...
NEW YORK: Wall Street and global financial executives are waiting anxiously for a clear winner in the 2020 US election after President Donald Trump called foul play, stoking fears of a drawn-out count that keeps markets and businesses hanging. While the Republican incumbent has handed the ...
The eleventh-hour halt to Ant Group's record US$37 billion listing has not only hurt the firm, but also lead bank China International Capital Corporation (CICC), which likely loses out on a hefty payday and a jump in global investment banking rankings.
Mom-and-pop investors who put in bids worth a record US$3 trillion in China's Ant group - equivalent to Britain's annual economic output - were stunned after regulators abruptly suspended what would have been the world's largest stock market debut.
LONDON: Britain's Marks & Spencer reported the first loss in its 94 years as a publicly listed company after clothing sales were hammered by the COVID-19 pandemic. One of the best known names in UK retail said on Wednesday (Nov 4) that it made a pretax loss before one-off items...
