Excitement for bullish employment data appears to have faded a bit, with equity futures falling and investors looking for the next catalyst to drive this market higher. And in tune with what …
Read More »Amtrak wants train travel to be a better alternative to short and long flights
WASHINGTON – The Biden administration’s plan to spend $ 80 billion rebuilding the nation’s rail assets could allow Amtrak to pursue the ambitious goal of providing a rail alternative to flying and …
Read More »TuSimple IPO filing shows autonomous trucks are still a waste of money
Self-driving company TuSimple Inc. released paperwork for its initial public offering on Tuesday that shows it has lost more than $ 300 million in the past three years in the race to …
Read More »Kansas City Southern, Tesla, Support.com, Synnex: What to Watch When the Stock Market Opens Today
This is what we are seeing before the trading action begins on Monday. –US equity futures rose, with tech stocks poised to lead earnings. Futures linked to the S&P 500 added 0.2%. …
Read More »Railroads Achieve $ 25 Billion Merger
The companies said Sunday that their boards agreed to a deal that values Kansas City at $ 275 per share in a combination of cash and shares. Kansas City investors will receive …
Read More »Google to invest $ 7 billion in a bet on the post-pandemic office
Google says it is doubling the office. The alphabet Inc. GOOG -1.40% The unit said it would spend $ 7 billion this year to expand its office and data center footprint in …
Read More »Now is the time to sell cyclical winners and buy back tech stocks, says JPMorgan
US stocks will open higher after the Dow Jones Industrial Average DJIA, + 0.90% and S&P 500 SPX, + 0.10% it closed at all-time highs last week. Comes as the yield on …
Read More »New chauffeur service seeks to challenge Uber and Lyft at City Rides
BERLIN: Blacklane, a luxury transport company whose largest investor is Daimler AG DMLRY 1.46% , is launching a new service for downtown in New York on Monday, seeking to challenge the black …
Read More »Tech names drag European stocks lower after brutal Wall Street session
Tech stocks took the brunt of the losses in European stocks on Friday, catching up with a tough day on Wall Street. But US equity futures rose slowly as bond yields declined. …
Read More »Lyft reduces losses during pandemic with aggressive cost cuts
Lyft Inc. posted a tighter annual loss even as the coronavirus pandemic hit its business, indicating that the ride-sharing company is turning towards profitability despite the unprecedented crisis. The San Francisco-based company …
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