Ride-sharing company Lyft looks to be on track to recover from the damaging effects of the COVID-19 outbreak, co-founder and President John Zimmer explained in an interview with Yahoo Finance on Tuesday.
This statement comes after Lyft managed to exceed Wall Street’s expectations for the company’s quarterly earnings. The company...
American cloud-scale application monitoring service Datadog Inc. (DDOG) experienced a decline in stock prices after releasing its results for the latest financial quarter. The company’s shares diminished in value by 10% after hours, following a 2.4% decline during the regular session to reach a value of $92.60.
Datadog incurred a...
Eric Yuan, founder and CEO of Zoom Video Communications Inc., has experienced a $5.1 billion decline in his net worth following Pfizer Inc.’s announcement on Monday that its Coronavirus vaccine has prevented over 90% of infections during clinical trials.
While airlines, oil corporations, and tourism operators enjoyed surges in stock...
With both Pfizer (PFE) and BioNTech’s (BNTX) reporting that their vaccine candidates have been more than 90% successful in treating COVID-19 patients during clinical trials, stock futures have enjoyed a higher opening, thus encouraging investors to snatch up these assets.
This boost to the market, which occurred on Monday, has...
The Warren Buffet-owned Berkshire Hathaway Inc. spent more than $16 billion in buying back its own stock during the first nine months of 2020, according to Bloomberg. This is more than triple its previous annual record.
This buyback strategy sees Berkshire Hathaway outspend some of its largest investments, including the...
Chinese eCommerce giant Alibaba experienced a slowing sales growth during the month of September, leading to its slowest sales pace in its history for this specific time period.
As a result, Alibaba shares slumped by more than 4% on the New York Stock Exchange. Also of concern is the tightening...
Insider sources have revealed that Wells Fargo & Co. has frozen its plans to provide top earners with raises due to the bank’s new leadership team’s focus on limiting costs. This decision will result in a halt to increases in the base pay for employees earning over $150,000 per...
Royal Dutch Shell PLC has continued its venture into the Chinese oil market by assuming complete control of one of its joint venture gas stations in the country.
The deal, which sees Shell purchase the remaining shares that it didn’t own in Chongqing Doyen Shell Petroleum & Chemical Co., was...
With growing concerns over the coronavirus pandemic, the upcoming US presidential elections, and declining oil prices, the majority of Middle Eastern equities are continuing to experience a persistent decline.
While the Tel Aviv Stock Exchange enjoyed a slight rise, the rest of the region’s stock markets remain in a slump....
The California-based electric vehicle manufacturer Fisker (FSR) enjoyed a rise in its stock during its debut on the New York Stock Exchange this Friday.
This came after the American electric vehicle company entered into a $2.9 billion merger with Spartan Energy. Funded by private equity firm Apollo Global Management (APO),...