Author: Press Room

© Reuters. An empty Lyft pick-up area is shown as rideshare drivers hold a rally as part of a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights”, in Los Angeles, California, U. By Akash Sriram (Reuters) – Lyft (NASDAQ:) forecast current-quarter bookings below expectations and reported third-quarter revenue slightly higher than estimates on Wednesday, as consumers pulled back on spending due to high interest rates and economic uncertainty. The company’s shares fell more than 5% in extended trading after it projected fourth-quarter gross bookings between $3.6 billion…

© Reuters. The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri/File Photo By Matt Tracy (Reuters) – Rising borrowing costs made a slight dent in U.S. companies’ ability to make interest payments on their debt in the third quarter despite a boost in earnings, according to BofA Global Research. High-grade corporate borrowers’ average interest coverage ratio – how many times over a company’s income covers their interest payments – fell to 10.71x last quarter from 11.24x in the second quarter,…

© Reuters. A general view of electric lines as demand for power surges during a period of hot weather in Houston, Texas, U.S. June 27, 2023. REUTERS/Callaghan O’Hare/File Photo By Nicole Jao NEW YORK (Reuters) – Texas voters passed a constitutional amendment to create a $10 billion energy fund that aims to improve the reliability of power-generating infrastructures in the state. The fund would go toward financing construction of new power-generating facilities and maintenance of existing infrastructure. Some 1.6 million voters, or 64.9%, favored the proposal titled Proposition 7 in the Nov. 7 constitutional amendment election. The proposal is one…

SuRo NII EPS of -$0.11 beats by $0.03

© Reuters. Today, the Central Bank of Nigeria (CBN) addressed public concerns over the legitimacy of old Naira notes and rumors of cash scarcity. Isa AbdulMumin, Director of Corporate Communications at the CBN, confirmed that all CBN-issued banknotes are legal tender, including redesigned ones. The confirmation is rooted in Section 20(5) of the CBN Act 2007. AbdulMumin directed CBN branches to ensure a continual supply of both old and redesigned banknotes to Deposit Money Banks (DMBs). He emphasized that there were ample banknotes for regular economic activities and should not be refused as a means of payment. To alleviate pressure…

The Republican-led House last week approved the money for Israel, but that bill is dead on arrival in the Senate because it includes domestic spending cuts and omits help for Ukraine. The Senate has not yet taken up an alternative.The senators did not threaten to withhold their support for aid to Israel, but their pointed requests for more information and accountability over the weapons they will be asked to approve were further evidence of a shift in tone among Democrats on the war. It has paralleled one by Mr. Biden himself, who has become more critical of Israel’s war campaign,…

On 11/10/23, Apple, Parker Hannifin, and Bread Financial Holdings will all trade ex-dividend for their respective upcoming dividends. Apple will pay its quarterly dividend of $0.24 on 11/16/23, Parker Hannifin will pay its quarterly dividend of $1.48 on 12/1/23, and Bread Financial Holdings will pay its quarterly dividend of $0.21 on 12/15/23. Start slideshow: 10 Stocks Where Yields Got More Juicy » As a percentage of AAPL’s recent stock price of $183.17, this dividend works out to approximately 0.13%, so look for shares of Apple Inc to trade 0.13% lower — all else being equal — when AAPL shares open…

The iconic Porsche 911 coupe is expected to bring the highest resale value after five years among … [+] all models for 2023 according to a new report.Getty Images Now that the automotive business is finally settling back down to its pre-pandemic behavior after an extended period of slim supplies and exaggerated transaction prices, new-vehicle shoppers can likewise get back to the essentials in carefully choosing a type, make and model that best meets their needs and budgets—and holds its value over time. Below are some of the best bets in the latter category, according to a just-released study of…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The head of Airbus has hit out at the German government’s ban on exports of new Eurofighter aircraft to Saudi Arabia, warning that it is damaging the country’s export reputation.Guillaume Faury, chief executive of the pan-European aerospace and defence group, said Berlin’s stance was not only “damaging for the Eurofighter but also damaging for the reputation of Germany as an export country to its partners”.Berlin has come under pressure from its partners in the Eurofighter consortium, notably the UK which is keen…

© Reuters. FILE PHOTO: A red light traffic signal is seen with the dome of the U.S. Capitol building in the distance, in Washington, U.S., February 16, 2022. REUTERS/Jon Cherry/File Photo WASHINGTON (Reuters) – Congress is staring down a Nov. 17 deadline for avoiding U.S. government shutdowns and likely will have to approve a short-term spending bill giving lawmakers more time to negotiate on the 12 bills to fund federal programs through Sept. 30, 2024. The Democratic-controlled Senate and Republican-controlled House of Representatives have struggled for months over their respective bills. Once passed, the two chambers would then have to…