Lyft plans restructuring, job cuts: New York Times
Lyft Inc plans to announce a restructuring that will result in job cuts, the New York Times reported on Wednesday, citing two people with knowledge of the matter.
Lyft Inc plans to announce a restructuring that will result in job cuts, the New York Times reported on Wednesday, citing two people with knowledge of the matter.
Lyft Inc said on Wednesday it had cut about 2% of its workforce, or 90 jobs, as the ride-hailing company seeks to achieve its goal of profitability by the end of 2021.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing to continued moderate economic growth and a "strong" job market, and giving no sign of any imminent changes in borrowing costs.
Alphabet Inc's Google is temporarily shutting down all its offices in China due to the outbreak of a new coronavirus in the country, technology website The Verge reported on Wednesday.
Oil prices were mixed on Wednesday as worries about the coronavirus outbreak and swelling U.S. crude inventories weighed on prices, counter-balanced by talk that OPEC could extend oil output cuts.
Global equity markets edged higher on Wednesday on strong results from Apple and others but concerns about the coronavirus outbreak in China kept a safe-haven bid in gold and the dollar alive.
British Airways has suspended all direct flights to and from mainland China, one of the biggest names in aviation to do so, as worries grow about the impact of the spreading coronavirus on global travel.
U.S. grains trader Archer Daniels Midland Co on Wednesday reported a 60% rise in quarterly profit from last year which included a bigger asset impairment and restructuring charge.
Oreo cookie maker Mondelez International Inc on Wednesday beat quarterly revenue estimates on higher demand for its snacks in emerging markets, sending shares up 3%.
The S&P 500 ended slightly lower on Wednesday, as an initial boost from the likes of Apple, Boeing and General Electric following their quarterly results faded in the wake of a policy announcement from the Federal Reserve.
Microsoft Corp beat analysts' estimates for quarterly revenue on Wednesday, driven by strength in its cloud computing platform Azure, sending its shares up 2%.
Facebook Inc beat analysts' estimates for daily active users on Wednesday, but shares fell as operating margins dropped for the world's largest social network after it ramped up spending to improve content and security across its platforms.
The Federal Reserve held interest rates steady on Wednesday at its first policy meeting of the year, with the head of the U.S. central bank pointing to continued moderate economic growth and a "strong" job market, and giving no sign of any imminent changes in borrowing costs.
Tesla Inc posted fourth-quarter revenue above analysts' estimates on Wednesday as the electric carmaker beat Wall Street estimates for vehicle deliveries.
Tesla Inc investors compiled a list of questions to the company ahead of the electric carmaker's quarterly earnings report on Wednesday, ranging from requests for updates on the company's insurance policy to complaints about questions asked by analysts.