Stocks gain on trade hopes, risk appetite lifts dollar
NEW YORK (Reuters) – The dollar strengthened and global stock markets rallied on Monday on signs the United States and China are nearing the end of a damaging trade war…
Uber’s quarterly loss widens as costs rise; shares fall sharply
(Reuters) – Uber Technologies Inc (UBER.N) on Monday posted a wider third-quarter loss as costs soared at the ride-hailing company, sending shares down 4.4% in after-hours trading. But the company…
Lyft sees ‘path to profitability’ as riders, revenues increase
(Reuters) – Ride-hailing company Lyft Inc (LYFT.O) on Wednesday said higher-than-expected third-quarter revenues and an improved outlook showed it was well on its way to profitability by the end of…
UAW turns to Ford after GM workers approve new contract
DETROIT/WASHINGTON (Reuters) – The United Auto Workers union said on Friday it has chosen Ford Motor Co (F.N) as the next U.S. automaker the union will negotiate with after workers…
Tesla shares, bonds jump after surprise third quarter profit
FILE PHOTO: The front hood logo on a 2018 Tesla Model 3 electric vehicle is shown in this photo illustration taken in Cardiff, California, U.S., June 1, 2018. REUTERS/Mike Blake/File…
Weak U.S. retail sales cast shadow over slowing economy
WASHINGTON (Reuters) – U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door…
Stocks flat on data, earnings; pound volatile
NEW YORK (Reuters) – A gauge of world stock markets was flat on Wednesday as U.S. data that raised concerns about a slowing economy was offset by a solid start…
Southeast Asia’s mobile payments face shakeout as market booms
HO CHI MINH CITY/HONG KONG/SINGAPORE (Reuters) – Just next to Ho Chi Minh City’s financial district, two dozen street vendors’ stalls display colorful adverts for e-wallets backed by private equity…
U.S. unemployment rate hits 3.5%; job growth moderate
WASHINGTON, (Reuters) – The U.S. unemployment rate dropped to near a 50-year low of 3.5% in September, with job growth increasing moderately, suggesting the slowing economy could avoid a recession…
U.S. new home sales accelerate; lower mortgage rates a boost
WASHINGTON (Reuters) – Sales of new U.S. single-family homes rebounded more than expected in August, the latest sign that the struggling housing market was starting to get a lift from…