Lyft to slow hiring, gauge budget cuts

The Lyft Driver Hub is seen in Los Angeles, California, U.S., March 20, 2019. REUTERS/Lucy Nicholson Join now for FREE unlimited access to Register May 24 (Reuters) – Ride-sharing company Lyft Inc (LYFT.O) said on Tuesday it would slow hiring and assess budget cuts in some departments, joining rival Uber Technologies Inc (UBER.N) in … Read more

Stocks tumble on growth worries, bond yields fall

Stocks slide on bearish earnings and economic data China talks about stimulus, but the economic damage is already done Euro close to 4-week high as Lagarde announces July rate hike NEW YORK/LONDON, May 24 (Reuters) – Stocks fell around the world on Tuesday as supply chain issues and soaring costs hurt corporate profits and slowed … Read more

Oh Snap! Social media stocks lose billions after Snapchat parents warn

A woman stands in front of the Snap Inc logo on the floor of the New York Stock Exchange (NYSE) in New York, NY, U.S. March 2, 2017. REUTERS/Lucas Jackson Join now for FREE unlimited access to Register May 24 (Reuters) – Shares of Snap Inc (SNAP.N) plunged more than 40% and sparked an … Read more

Wall Street rallies on higher close boosted by banks and big tech

NEW YORK, May 23 (Reuters) – U.S. stocks ended higher on Monday as bank gains and a rebound by megacap market leaders supported a broad-based rally after Wall Street’s longest streak of weekly declines since the dotcom collapse more than 20 years ago. All three major U.S. equity indices posted solid gains, with the biggest … Read more

Broadcom in talks to buy VMware

May 22 (Reuters) – Chipmaker Broadcom Inc (AVGO.O) is in talks to acquire cloud services provider VMware Inc (VMW.N), people familiar with the matter have told Reuters. Negotiations between Broadcom and VMware are ongoing and a deal is not imminent, the sources said. The terms of the deal being discussed could not be learned. The … Read more

Hyundai Motor Group to invest over $10 billion in US through 2025

SEOUL, May 22 (Reuters) – Hyundai Motor Group said on Sunday it will invest an additional $5 billion in the United States by 2025 to boost collaboration with U.S. companies in cutting-edge technologies. The investments, announced during a visit to Seoul by President Joe Biden, relate to robotics, urban air mobility, autonomous driving and artificial … Read more