Lyft Inc (NASDAQ: LYFT) rallied more than 20% on Friday morning after reporting its financial results for the first quarter that topped Street estimates on most fronts. But factors beyond the numbers are contributing to the rise in LYFT shares.For starters, the company’s board authorised a significant boost to the…
Canadian unemployment rose to 6.9% in April, the highest level since November, as US tariffs on major exports started hitting the country’s important manufacturing and trade-dependent parts of the economy, Statistics Canada reported on Friday.The increase in unemployment, with roughly 1.6 million Canadians out of work, shows mounting hurdles in an…
Brazil’s CSN Mineração (CMIN3), the mining arm of steel giant CSN, reported a net loss of R$357 million (approximately $69.5 million) in the first quarter of 2025, a significant decrease from the previous quarter’s net profit of over R$2.0 billion ($389.2 million). According to InfoMoney, the company’s downturn was primarily…
Shares of Expedia Group fell sharply by more than 8.5% on Friday after the company reported first-quarter revenue that came in below Wall Street expectations, signalling a slowdown in US travel demand. The online travel platform posted revenue of $2.98 billion, falling short of the $3.01 billion expected by analysts…
Asian stock markets edged higher on Thursday, buoyed by supportive global cues and steady US interest rates. Still, Indian equities may face a cautious start as domestic volatility and geopolitical tensions weigh on sentiment. While Wall Street’s strong rebound and a positive tone from the US-UK trade deal offer some…
The United States is considering a major rollback of tariffs on Chinese imports, with plans underway to cut the current 145% levy to as low as 50%, according to a report by the New York Post. The potential move signals a significant shift in the Trump administration’s trade strategy as…
US stocks rose on Thursday, buoyed by investor optimism following President Donald Trump’s announcement of a preliminary trade agreement with the United Kingdom—the first such deal since sweeping tariffs were imposed earlier this year. Hopes also ran high for upcoming trade negotiations with China, sparking a tech-led rally across Wall…
The FTSE 100 Index wavered this week even after the Bank of England (BoE) slashed interest rates by 0.25% and the US reached a trade deal with the United Kingdom (UK) on Thursday. After initially peaking at £8,637 on Tuesday, the index has pulled back to £8,530. This article looks at…
The US dollar appeared set to close the week with gains against most of its major counterparts on Friday, as a newly announced trade agreement between the United States and the United Kingdom fanned hopes for potential progress in the highly anticipated US-China trade negotiations scheduled for the weekend. Simultaneously,…
The intensifying tensions between nuclear powers India and Pakistan pose a significant risk of widespread and severe humanitarian consequences for the region.Escalating tensions highlight the critical need for emergency preparedness in the energy sector. A protracted conflict would significantly threaten both nations’ capacity to satisfy their energy demands, according to…