Lyft will turn a profit by 2021, Guggenheim says in upgrade as shares rise
Guggenheim upgraded ride-hailing company Lyft to buy and established a $60 price target.
Guggenheim upgraded ride-hailing company Lyft to buy and established a $60 price target.
"The Canadian space is about to gain a fair amount of pricing power, in our view, as the 2.0 market opens up late this year," the analyst says.
U.S. stock index futures edged higher on Monday as U.S. President Donald Trump moved to ease trade tensions with China, soothing investor nerves after intense feuding between the world's top two economies last week sent stocks into a tailspin.
KKR has become the biggest shareholder of German media group Axel Springer , paying 2.9 billion euros ($3.2 billion) for a 43.54% stake, the U.S. private equity firm said on Monday.
A German court on Monday temporarily suspended a February decision by the cartel office to order Facebook to restrict its data collection practices in Germany.
Yum Brands Inc said on Monday it will be testing Beyond Meat Inc's plant-based chicken nuggets and boneless wings at an Atlanta KFC restaurant, the latest fast-food chain trying new options to attract vegan diners.
New orders for key U.S.-made capital goods rose modestly in July while shipments fell by the most in nearly three years, pointing to continued weakness in business investment and a slowdown in economic growth early in the third quarter.
Venture capitalists, colleges and politicians are working to make income sharing agreements the norm on campuses. Consumer advocates are worried.
White House economic adviser Larry Kudlow said on Sunday that he does not expect China to retaliate against additional tariffs on Chinese goods that U.S. President Donald Trump announced Friday.
Chinese Vice Premier Liu He said on Monday that China is willing to resolve its trade dispute with the United States through calm negotiations and resolutely opposes the escalation of the conflict, a state-backed newspaper reported.
China is willing to resolve its trade dispute with the United States through "calm" negotiations and resolutely opposes the escalation of the conflict, Vice Premier Liu He, who has been leading the talks with Washington, said on Monday.
Japan's top government spokesman said on Monday he did not think Tokyo had compromised too much in trade talks with the United States.
Oil prices fell on Monday, pushing U.S. crude to its lowest in more than two weeks, as an intensifying U.S.-China trade war knocked confidence in the global economy.
By Aislinn Laing, Marina Lammertyn, Marcelo Rochabrun and Nelson Bocanegra
Shareholders will press Virgin Australia Holdings' new CEO Paul Scurrah to present a robust strategic plan on Wednesday, when the airline is expected to report its seventh consecutive annual loss, on top of $1.2 billion worth of red ink over the previous six years.