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Lyft earnings surprised Wall Street and the stock initially spiked, but now it’s tanking

Jennifer DuBois -
Lyft (LYFT) shares have downshifted into reverse.Shares of the number two ride hailer initially popped 14% after-hours on Tuesday immediately following earnings. Investors...
Business

Tilray to Buy Eight Beverage Brands for $85 Million From AB InBev

Jennifer DuBois -
(Bloomberg) -- Tilray Brands Inc. shares jumped the most since February 2021 after the cannabis and consumer packaged goods company agreed to buy...
Business

J&J’s $40 Billion Kenvue Stock Swap: What to Know

Jennifer DuBois -
Business

Nvidia Launches New Chip Platform To Cash In on Generative AI Demand

Jennifer DuBois -
Nvidia Corp. (NVDA) announced on Tuesday the release of a "groundbreaking" next-generation chip as it seeks to fend off growing competition within the...
Business

Palantir Is Still Not Showing Its AI Superpower

Jennifer DuBois -
On Monday, Palantir Technologies Inc (NYSE: PLTR) reported 13% revenue growth while also issuing third quarter guidance that topped estimates, implying an acceleration...
Business

Millennials and Gen Z are filled with financial regrets, and it’s sending them into a stress spiral

Jennifer DuBois -
It’s more than just a little treat here and there. When young adults reflect on their spending decisions, they’re filled with regret. And...
Business

Why Americans plan to take Social Security earlier, and even leave retirement money behind

Jennifer DuBois -
More Americans plan to tap Social Security benefits earlier than later, even if it means they won’t receive the maximum payout, according to...
Business

Short-seller Hindenburg has fueled a massive wealth wipeout for 3 of the world’s richest men this year

Jennifer DuBois -
Short-seller Hindenburg Research has targeted three of the world's wealthiest men this year.It's made high-profile bets against Adani Group, Block, and Icahn Enterprises.Gautam...
Business

Rivian earnings preview: Production guidance and demand story in focus

Jennifer DuBois -
Electric adventure-vehicle maker Rivian (RIVN) is on deck to report second quarter earnings after the bell on Tuesday, following a recent run-up in...
Business

Rivian’s Wounded Shorts Set for Potential Squeeze

Jennifer DuBois -
(Bloomberg) -- Investors betting against Rivian Automotive Inc. have a lot riding on the electric vehicle maker’s results later Tuesday, after a steep...
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