By Akash Sriram (Reuters) – Lyft Inc forecast a dull second quarter as price cuts in its race with bigger rival Uber to add more riders take a toll on margins, sending the shares of the ride hailing company down 14% in extended trading on Thursday. Under new CEO David Risher, Lyft is pushing hard …
Lyft shares tumble as cheaper rides to hurt second-quarter margin Read More »
By Karen Freifeld and Luc Cohen (Reuters) -Lawyers for Donald Trump on Thursday asked the federal court in Manhattan to take over a state criminal case charging him with falsifying business records over a hush money payment to a porn star before his victory in the 2016 presidential election. His lawyers argued that the …
Trump asks federal court to take over NY hush money criminal case Read More »
By Granth Vanaik (Reuters) -DoorDash Inc raised its annual core profit forecast after beating quarterly revenue expectations on Thursday, benefiting from an increase in orders for food, groceries and convenience products despite stubbornly high inflation. The food delivery company’s shares rose 4% in extended trading. DoorDash and its competitors such as UberEats have gained from …
DoorDash rides on delivery demand to raise 2023 core profit forecast Read More »
By Vansh Agarwal (Reuters) -Bumble Inc beat estimates for first-quarter revenue on Thursday as user spending on its eponymous dating app remained strong despite a looming recession, sending the company’s shares up 7% in aftermarket trading. The parent company of Bumble, Badoo, and Fruitz, benefited from strong user growth during the quarter as more people …
Bumble posts robust quarterly revenue on sustained user spending Read More »
By Blake Brittain and Brendan Pierson NEW YORK (Reuters) -Ed Sheeran’s 2014 hit “Thinking Out Loud” did not unlawfully copy from Marvin Gaye’s classic 1973 song “Let’s Get It On,” a jury decided on Thursday in a closely watched copyright lawsuit – a verdict that the British pop star said would help protect the creative …
Ed Sheeran did not violate ‘Let’s Get It On’ copyright, US jury finds Read More »
(Reuters) -British outsourcing company Capita has confirmed to pension clients that some data it processed was likely to have been hacked during a recent cyber incident, the Financial Times reported on Thursday. The company, which was affected by a cyber incident in March, said last month that there was no evidence of any data being …
Capita warns some pensions data likely taken in cyber attack -FT Read More »
UDINE, ITALIA (Reuters) – El Napoli conquistó el jueves su tercer título de la Serie A, el primero en 33 años, tras empatar 1-1 en su visita al Udinese. El triunfo del Napoli puso fin a la larga espera de la ciudad por el Scudetto desde que el fallecido astro argentino Diego Armando Maradona lo …
Napoli es el nuevo campeón de la Serie A luego de 33 años tras empatar con Udinese Read More »
SÃO PAULO, 4 de (Reuters) – El grupo cervecero Heineken anunció el jueves inversiones de 1.500 millones de reales (unos 300 millones de dólares) en las cervecerías de Igarassu y Alagoinhas para ampliar la capacidad de producción en la región nordeste de Brasil. Según la empresa, con el aporte, la fábrica de Igarassu, en el …
By Andrew Goudsward (Reuters) – A Jeffrey Epstein accuser suing JPMorgan Chase & Co for allegedly aiding the late financier’s sex trafficking of girls and women asked a judge to disqualify the bank’s law firm on Thursday, arguing it has a conflict of interest. Lawyers for the woman, who claims she was a victim of …
Epstein accuser suing JPMorgan seeks to disqualify bank’s law firm Read More »
By Hannah Lang (Reuters) -Block Inc posted a rise in first-quarter revenue on Thursday as its popular payments platform Cash App continued to drive growth, a metric investors will watch closely following U.S. short-seller Hindenburg Research’s disclosure in March of short positions in the firm. Shares of Block, formerly called Square, were up more than …
Block beats earnings expectations, shakes off short seller report Read More »
