Pandemic hits Lyft ridership, revenue as executives cast its future in California in doubt

Does Uber have the right leadership? Tusk Ventures CEO Bradley Tusk provides insight into Uber. Lyft’s number of active riders plunged during the second quarter in which the top ride-sharing firm’s earnings took a significant hit because of the coronavirus pandemic as the future of its business in California was cast into doubt by senior executives. Continue Reading Below Lyft had […]

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Polls are wrong, Trump will beat Biden: Billionaire fund manager Gundlach

President Trump: No reason U.S. economy can’t grow at 20 percent pace in third quarter Trump touts signs of economic recovery following coronavirus crisis. Billionaire bond fund manager Jeffrey Gundlach believes the polls are wrong and that President Trump will win a second term in the White House. Continue Reading Below “Will Joe Biden beat Donald Trump in November? I don’t think so,” Gundlach, […]

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The surprise jump in prices may be a good sign for the economy, and it's not 'stoking the fires of inflation'

Core consumer prices, excluding food and energy, jumped the most since January,  1991, signalling to some that prices are stabilizing after dropping during the Covid-19 shutdowns. Strategists said the one month jump does not make a trend, and is unlikely to concern the Fed, which would ultimately considering raising interest rates if inflation spiraled rapidly higher. Stocks shrugged off the […]

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Ford recalling 488K US vehicles over front brake hose issue

Ford unveils new Broncos Fox News Automotive Editor Gary Gastelu speaks to Ford COO Jim Farley about what the Ford Bronco means to him, how it compares to the Jeep Wrangler, its driveability, how many he anticipates selling, who the customers are and its connotation with the O.J. Simpson chase in the 1990s. The Ford Motor Company is recalling nearly […]

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Appeals court tosses antitrust ruling against Qualcomm

Fox Business Flash top headlines for August 11 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. A federal appeals court has overturned an antitrust ruling against Qualcomm, dismissing arguments that it unlawfully squeezed out cellphone chip rivals and charged excessive royalties to manufacturers such as Apple. Continue Reading Below The 3-judge panel unanimously sided with […]

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Scaramucci: Stimulus 'tsunami of money' is buoying stocks

New York (CNN Business)The stock market is not the economy. But rarely has the gap between Wall Street and Main Street felt so wide. The United States is going through its worst race crisis since 1968 following the death of George Floyd, an unarmed black man, at the hands of a police officer in Minneapolis. Riots have hit cities across […]

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Cheapest Apartments at Biggest Foreclosure Risk as Payments Fall

Covid-19 has exposed a disparity in America’s rental housing that threatens to get even wider. While landlords at the priciest, amenity-rich apartments have collected most of their rent payments during the pandemic, owners of older, less fancy units — the backbone of the nation’s affordable housing supply — haven’t fared as well. Tenants at so-called Class C buildings paid 54% […]

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GOLDMAN SACHS: These 24 single-stock trades can help you make big returns in August as the pandemic creates a wildly unpredictable back-to-school season

The combination of earnings and back-to-school shopping makes August a historically bumpy month for retailers, according to Vishal Vivek of Goldman Sachs. This year, retailers face even more uncertainty because of questions about school openings during the pandemic and about the possibility of more economic relief from Congress.    In spite of that, Vivek says the options market seems to […]

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Dollar’s Decline Not as Stunning After Adjusting For Inflation

In this article The dollar’s stunning decline last month, the most in a decade, suddenly looks a lot less consequential once you take into consideration the inflation-adjusted value of the greenback. That’s the view of veteran strategist Marshall Gittler, who suggested investors should adjust for price levels, use a wider basket of trading peers than the closely-followed U.S. Dollar Index […]

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