Shares of Lyft tumbled about 30% after the ride-hailing company issued disappointing guidance for the second quarter and said it would increase spending to attract more drivers, due to surging gas prices. Uber — The ride-hailing app saw its stock drop nearly 4.7% after the company posted a massive loss on investments. Uber reported […]
Benchmark indices were down around one percent early on September 3. The Sensex was trading at 37,016 level, down over 300 points, while the Nifty slipped 96 points to trade at 10,927. The Nifty Auto was down over 1 percent, dragged by Tata Motors which shed 2 percent followed by Eicher Motors, […]
Vanguard is launching its first-ever actively managed mutual fund focused on environmental, social and governance factors. ASSOCIATED PRESS Vanguard, the $5.3 trillion-in-assets behemoth that popularized index investing, announced it’s jumping on the ESG bandwagon. ESG strategies consider environmental, social and governance factors when choosing stocks and bonds. It’s Wall Street’s latest […]
Check out the companies making headlines after the bell: Shares of Amazon rose as much as 3 percent and then dipped more than 2 percent negative in extended trading Thursday after reporting better-than-expected earnings and light guidance. The e-commerce giant beat on the top and bottom line. Earnings per share […]
Check out the companies making headlines midday Wednesday: Facebook — Facebook shares surged after the social media giant posted quarterly earnings that easily beat expectations. The company’s quarterly revenue also topped estimates. Average revenue per user, a key metric for Facebook, came in at $7.37, above an estimate of $7.11. […]
