Lyft‘s stock tumbled 15% in extended trading on Tuesday after the ride-sharing company posted disappointing fourth-quarter results. Here how the company did versus LSEG estimates: Earnings per share: Not comparable Revenue: $1.59 billion vs. $1.76 billion Revenue grew 3% from a year ago. Bookings grew 19% year over year to $5.07 billion, which was in…
HANGZHOU, CHINA – JUNE 14, 2024 – A guest walks past the logo of the 2024 Dassault Systemes Automotive and Transportation Industry Summit Forum in Hangzhou, Zhejiang province, China, June 14, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) Cfoto | Future Publishing | Getty Images Shares of French software giant Dassault Systèmes…
INDIA – 2025/05/22: In this photo illustration, a Bitcoin logo is seen displayed on a smartphone with the Hong Kong flag in the background. (Photo Illustration by Avishek Das/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Hong Kong’s central bank is pressing ahead with plans to issue an initial batch of…
Elon Musk announced his new company xAI which he says has the goal to understand the true nature of the universe. Jaap Arriens | Nurphoto | Getty Images Elon Musk’s xAI has lost its second co-founder in two days. Influential researcher Jimmy Ba on Tuesday announced his departure in a post on X, thanking Musk and…
This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Over the last few years in China, it’s gotten easier to buy food straight from the farm. Whether it’s boxes of apples or bags of…
19 November 2025, China, Shanghai: Boats sail past downtown Shanghai on the Huangpu River. The tallest building on the skyline is the Shanghai Tower (rear). Bernd von Jutrczenka | Picture Alliance | Getty Images Asia-Pacific markets traded mostly higher Wednesday, continuing their rally despite AI fears and weak economic data spooking U.S. investors. The U.S….
Salesforce CEO Marc Benioff participates in an interview at the World Economic Forum in Davos, Switzerland, on Jan. 21, 2026. Chris J. Ratcliffe | Bloomberg | Getty Images Over 1,400 Salesforce employees have signed a letter calling on CEO Marc Benioff to drop potential business with the U.S. Immigration and Customs Enforcement agency, two people…
A federal grand jury in Washington, D.C., declined a request by prosecutors to indict two Democratic U.S. senators, Mark Kelly of Arizona and Michigan’s Elissa Slotkin, on charges of seditious conspiracy, MS Now reported Tuesday night. The attempted indictment of Kelly and Slotkin related to a video in November that they participated in with four…
Chinese consumers are experiencing “luxury shame” similar to what happened in the U.S. during the 2008-09 financial crisis, according to a June Bain and Company report. Jade Gao | Afp | Getty Images China’s consumer inflation rose less than expected in January while the deflation in producer prices persisted, in a sign of continued deflationary…
Walmart Inc. signage during the company’s listing at the Nasdaq MarketSite in New York, US, on Tuesday, Dec. 9, 2025. Michael Nagle | Bloomberg | Getty Images Estée Lauder sued Walmart in California federal court over allegations the big-box retailer sold counterfeit beauty products on its website and didn’t do enough to ensure only authorized…
