Year: 2024

Lyft raised its full-year guidance on Wednesday after reporting third-quarter revenue that surpassed analysts’ expectations. Shares of LYFT Inc. (NASDAQ: LYFT) surged more than 20% in premarket trading on Thursday. For the quarter ending September 30, Lyft posted a loss of $0.03 per share, in line with analyst forecasts, but…

Citi analysts believe Japanese stocks, which have underperformed their global counterparts recently due to rising political uncertainty and an unclear outlook for the Bank of Japan, are now attractively priced.  Despite these challenges, Citi expects a rally in the Japanese market through the end of the year, driven by strong…

DBS Group, Singapore’s largest bank, reported a record net profit for the third quarter on Thursday but forecast that 2025 profits would fall below 2024 levels due to the introduction of a global minimum corporate tax rate in Singapore. For the July-September period, DBS’s net profit jumped 15% to S$3.03…

A prominent British think tank warned on Wednesday that the UK’s already sluggish economic growth could be slashed by more than half if Donald Trump wins the U.S. presidential election and enforces sweeping import tariffs. In its latest report, the National Institute of Economic and Social Research (NIESR) painted a…

A prominent British think tank warned on Wednesday that the UK’s already sluggish economic growth could be more than halved if Donald Trump wins the U.S. presidential election and enacts broad import tariffs. In its latest report, the National Institute of Economic and Social Research (NIESR) painted a grim outlook…

BMW reported a 61% drop in third-quarter profit on Wednesday, falling short of analyst expectations due to weak sales in China and issues with its brake systems. However, the automaker reaffirmed that it remains on track to meet its revised full-year financial targets. In a statement, BMW CEO Oliver Zipse…

European stock markets rose on Wednesday, following Wall Street’s lead as Republican candidate Donald Trump appeared poised to win the US presidential election. By 03:02 ET (08:02 GMT), Germany’s DAX index was up 0.6%, France’s CAC 40 had gained 0.7%, and the UK’s FTSE 100 rose by 0.8%. **Trump Declares…

Trump has pledged to implement heavy trade tariffs on China, intensifying economic pressure on the country as it struggles with ongoing deflation and a prolonged slump in the property market. This week, attention is also on the National People’s Congress in China, where more insights are expected regarding Beijing’s plans…

Global investors were increasingly betting on a victory for Republican Donald Trump late Tuesday, as the former president took the lead in the U.S. presidential race, with results from key battleground states still pending. U.S. stock futures, the dollar, Treasury yields, and bitcoin all saw gains—signals that analysts and investors…

U.S. stock index futures inched higher on Monday evening, recovering some of the ground lost during recent trading sessions. This came as investors adopted a cautious stance ahead of a busy week, with a tight presidential election and a Federal Reserve meeting on the horizon.  Futures for the S&P 500,…