Lyft shows more signs of pandemic recovery with revenue up 7% over last quarter

Confetti falls as Lyft CEO Logan Green (C) and President John Zimmer (LEFT C) ring the Nasdaq opening bell celebrating the company’s initial public offering (IPO) on March 29, 2019 in Los Angeles, California. The ride hailing app company’s shares were initially priced at $72. Mario Tama / Getty Images Ride-hailing company Lyft showed continued … Read more

More earnings, April’s big jobs report and inflation worries could swing markets in the week ahead

Traders on the floor of the New York Stock Exchange. Source: NYSE April’s jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May. Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more … Read more

Facebook-backed Diem aims to launch digital currency pilot later this year

Facebook wanted to revolutionize finance with a global digital currency — then came the regulators. First proposed in June 2019 with the name libra, the token was initially intended to be a universal currency tied to a basket of sovereign currencies such as the U.S. dollar and the euro. But after facing strong opposition from … Read more

The post-pandemic spending spree has begun. Here are 6 things Americans are buying

Shoppers wearing protective masks carry bags on Market Street in San Francisco, California, on Wednesday, April 14, 2021. David Paul Morris | Bloomberg | Getty Images Shoppers are emerging from their cocoons and aspiring to switch it up from sweatpants, stubble and streaming. With each day, more Americans are getting Covid-19 vaccines. As spring temperatures … Read more

These stocks are the best buys in the internet sector, says Evercore ISI’s Mark Mahaney

This illustration photo shows a person checking the Facebook app on a smartphone in Los Angeles, March 1, 2021. Chris Delmas | AFP | Getty Images The internet sector may not be broadly attractive to investors in the near term, but some of the biggest stocks in the space are positioned to be long-term winners, … Read more

Here are Thursday’s biggest analyst calls of the day: GE, Apple, Carnival, Netflix, Disney & more

Here are the biggest calls on Wall Street on Source link

Uber’s reclassification of UK drivers dampens its prospects in a crucial market

A person using the Uber app in London. Peter Summers | Getty Images LONDON — Uber’s decision to reclassify its U.K. drivers as workers will lead to increased costs for the firm, according to analysts, hurting the company’s prospects in its most important European market. Uber on Tuesday said it would begin treating all 70,000 … Read more

These tech stocks could be hit even harder if rates continue to rise, says Goldman Sachs

People walk by the New York Stock Exchange (NYSE) on the morning that the music streaming service Spotify begins trading shares at the NYSE on April 3, 2018 in New York City. Spencer Platt | Getty Images The recent jump in interest rates and rising fears of inflation could hit one group of stocks particularly … Read more

Gig companies prepare to bring their fight for independent work nationwide under a more skeptical Biden administration

A bike messenger carries a DoorDash bag during a delivery in New York, Wednesday, Dec. 9, 2020. Michael Nagle | Bloomberg | Getty Images Still fresh off of a landmark victory in California, companies like DoorDash, Instacart, Lyft and Uber are preparing to bring their message supporting an independent workforce nationwide. But the companies will … Read more

Gen Z and millennials seeking flexibility are changing corporate America, Upwork CEO says

Freelance contractor Upwork had its best growth year as a public company last year and CEO Hayden Brown sees no sign of momentum that started before the coronavirus pandemic slowing down when the economy reopens. Younger workers, scarred by a job market battered by two recessions in just over a decade, are increasingly seeking more … Read more