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7 months 3 weeks ago

Exclusive: Lyft plans to launch its IPO roadshow week of March 18 - sources

Lyft Inc plans to launch the roadshow for its initial public offering during the week of March 18, making it the first U.S. ride-hailing company to debut in the stock market, people familiar with the matter said on Wednesday.

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7 months 3 weeks ago

Global stocks rise on U.S.-China trade hopes; oil up again

An index of stocks across the globe hit a more than four-month high on Wednesday on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.

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7 months 3 weeks ago

Exclusive: Brazil's Odebrecht to propose bondholder losses of over 70 percent - sources

Brazilian conglomerate Odebrecht SA next week will ask its bondholders to accept losses of more than 70 percent from their bonds' face value as part of a restructuring, two sources with knowledge of the matter said on Wednesday.

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7 months 3 weeks ago

Wall Street ends up slightly as Fed minutes support cautious stance

U.S. stocks ended higher on Wednesday after minutes from the Federal Reserve's last meeting reaffirmed for investors that the U.S. central bank would be "patient" with respect to further interest rate hikes.

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7 months 3 weeks ago

Fed flags end to balance sheet runoff, patience on rates

The Federal Reserve on Wednesday signaled they will soon lay out a plan to stop letting go of $4 trillion in bonds and other assets, but policymakers are still debating how long their newly adopted "patient" stance on U.S. rates policy will last.

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7 months 3 weeks ago

Wall St. ends higher after Fed minutes

U.S. stocks ended higher on Wednesday as the release of the Federal Reserve's minutes from its January meeting showed policymakers thought pausing on U.S. interest rate hikes posed little risk.

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7 months 3 weeks ago

Samsung announces folding phone with 5G at $1,980

Samsung Electronics Co Ltd on Wednesday said it will release a folding smartphone in April that works with the next-generation 5G networks and will cost almost $2,000, a move to entice consumers to upgrade their phones.

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7 months 3 weeks ago

Asia push, Wall Street support lift stocks; oil rises

World stocks rose on Wednesday, hitting a four-month high on hopes for progress in trade talks between the United States and China, and a supportive backdrop from major central banks also helped push risk assets higher.

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7 months 3 weeks ago

Samsung's new foldable Galaxy phone will have 5G and $2,000 price tag

Samsung Electronics Co Ltd on Wednesday said it will release a pricey folding smart phone in April that works with the next-generation 5G networks and will cost almost $2,000.

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7 months 3 weeks ago

CVS profit miss, rebate questions send shares tumbling 8 percent

CVS Health Corp on Wednesday forecast 2019 profit well below Wall Street estimates due to weakness in its pharmacy business that serves long-term care facilities and slower than anticipated growth in drug prices, sending shares down 8 percent.

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