Lyft to slow hiring, gauge budget cuts

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

Samsung plans to create 80,000 new jobs with $356 billion investment

Despite an uncertain economic environment exacerbated by long-standing supply chain issues and the war in Ukraine, the South Korean conglomerate said it would invest 450 trillion won ($356 billion) through 2026, mainly in core businesses such as chip manufacturing and biopharmaceuticals. This represents a jump of 30% over what he spent in the previous five-year … 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

5 things to know before the stock market opens Tuesday, May 24

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to return part of Monday’s stimulus rally A screen displays the Fed’s rate announcement as a trader works inside a post on the floor of the New York Stock Exchange (NYSE) in New York, U.S., … Read more

Zoom stock returns to initial surge after earnings beat and earnings forecast improves

Shares of Zoom Video Communications Inc. rose in Monday’s extended session, pulling back from a big initial jump when the video conferencing company beat Wall Street earnings expectations and said it expects to be more profitable this year than it had initially expected. ZM-Zoom, -0.46% Shares closed the after-hours session up 5%, after an initial … Read more

Cryptoverse: Is the end of bitcoin winter near?

May 24 (Reuters) – Crypto winter is in its ninth week and bitcoin can’t shake the chills. From technical data to revenue, market indicators are flashing red or orange for the biggest cryptocurrency, which has lost a third of its value in just two months. And now ? Join now for FREE unlimited access to … Read more

Facebook and Instagram will release more details about how their ads target users

WASHINGTON — Facebook parent Meta said it would begin publicly providing more details about how advertisers are targeting people with political ads just months before the U.S. midterm elections. The announcement follows years of criticism that social media platforms withhold too much information about how campaigns, special interest groups and politicians use the platform to … Read more

Crypto Firms Take Over Davos High Street Even After Stock Market Crash

DAVOS, Switzerland — Crypto-related tech companies are out in force at the annual World Economic Forum in Davos, even after a recent stock market crash wiped billions of dollars of value from the digital currency market. The Promenade, a main strip where corporations and governments take over shops and bars during forum week, is dominated … Read more

Opinion: Snap’s warning about a weaker outlook sends ripples through tech stocks

An unexpected warning about the deteriorating economy from Snap Inc. Chief Executive Evan Spiegel rippled through internet and social media stocks on Monday night, potentially ruining the market’s bid for a comeback earlier in the day. the day. After the market closed with strong gains on Monday, Spiegel spoke at a JP Morgan technology conference, … Read more

Wall Street rallies behind big tech and banks

Upbeat outlook for JPMorgan Chase interest income boosts banks Broadcom shares fall following potential VMware takeover Indices up: Dow 1.98%, S&P 1.86%, Nasdaq 1.59% NEW YORK, May 23 (Reuters) – U.S. stocks ended higher on Monday as bank gains and a rebound in market-leading tech stocks supported a broad-based rally after Wall Street’s longest streak … Read more