Lyft soars (briefly) after accidentally misstating forward revenues by, err, 10 times February 14, 2024 Lyft's stock surged over 15% in extended trading as the ride-sharing company projected achieving positive free cash flow for the year. However, enthusiasm waned after Lyft disclosed an error in its press release, injecting drama.
Moving markets: Five things shaping the FTSE 100 today February 13, 2024 U.S. stocks closed mixed, while Asia saw modest gains. Bitcoin hits $50,000, oil prices remain stable, and the focus shifts to UK labour market data and U.S. inflation.
Bitcoin breaks $50,000 barrier after over two years February 13, 2024 Bitcoin has surged past the $50,000 mark, marking its highest level since 2021. This surge highlights a significant shift in investor interest, largely attributed to the introduction of mainstream bitcoin investment funds.
FTSE 100 today: London markets set for muted start amid thin Asian holiday trade February 12, 2024 Australia's equities slip, while Asian markets remain closed for holidays; Bitcoin surges, and gold pauses in light trading. Eyes are on Tuesday's U.S. inflation report and Fed speeches.
Moving markets today: What’s shaping the FTSE 100 this morning February 9, 2024 S&P 500 inches closer to 5,000, Japanese stocks hit 34-year high, Arm shares surge 55%, Oil prices rise as Israel rejects ceasefire proposal, focus on PepsiCo earnings and Fed commentary.
Disney stock records best day since 2020; equity analysts raise price targets February 9, 2024 Disney shares surged dramatically on Thursday, marking their most remarkable single-day rally in the past decade, propelled by an exceptional earnings report. However, despite this surge, the entertainment giant is still striving to reclaim its former stock market prominence.
Moving markets: Five things shaping the FTSE 100 today February 8, 2024 Asian shares track Wall Street's surge; China's inflation records the deepest drop since 2009. Oil prices rose amid slim progress in Gaza peace talks. SoftBank rises on Arm results; investors eye earnings, the Fed, and U.S. jobless claims.
Uber posts first annual net profit since IPO debut; equity analysts lift price target February 8, 2024 Uber posted its first annual net profit since going public, indicating improved user retention and successful strategic initiatives, prompting several equity analysts to raise the price target.
FTSE 100 today: London markets likely to start higher, mirroring Asian peers February 7, 2024 Asian markets mirror the gains witnessed on Wall Street, supported by Beijing's escalating efforts to shore up its declining stock markets. Investors will closely monitor Fedspeak and UK house price data.
FTSE 100 today: London markets brace for caution as traders scale back rate cut bets February 6, 2024 Asian markets mimic Wall Street's dip, oil prices hold steady. UK retail sales slow in January, RBA maintains interest rate at 4.35%; focus shifts to UK Construction PMI.