Uber Announces Share Buyback Plan
Uber announces its first-ever share buyback plan, demonstrating commitment to enhancing shareholder value and attracting positive investor sentiment.
Pan Pacific International Holdings Raises Fiscal-Year Earnings Forecasts
Pan Pacific International Holdings announces upward revision of earnings forecasts, attributing the increase to rebound in shopping demand by international travelers in Japan. Shares surge.
Lyft Expects Strong Demand Metrics and Positive Cash Flow
Lyft expects to exceed Wall Street's expectations on demand metrics and achieve positive cash flow. The company predicts growth in rides and gross bookings, with a surge in commute rides. Lyft's shares rose after the announcement. Quarterly...
IPG Photonics Forecasts Deeper Revenue Decline in Q1
IPG Photonics expects a substantial decline in Q1 revenue, leading to a drop in stock prices. CEO expresses concerns about challenging conditions and uncertain visibility for the future.
Inflation Report Shakes Up Wall Street's Forecasts
January's higher-than-expected inflation reading causes a decline in stocks and increases bond yields. Experts revise interest-rate expectations on Wall Street.
PayPal Stock Drops as Analyst Downgrades Growth Outlook
PayPal's stock price declines as analyst downgrades growth outlook, citing challenges for long-term earnings and need for service improvements. Competition and investor reaction also factor in.
Shopify Reports Profit
Shopify reports profit and better-than-expected revenue in Q4 due to increased product sales. Anticipates strong revenue growth for the coming year.
European Union Approves Korean Air Lines' Acquisition of Asiana Airlines
Korean Air's acquisition of Asiana Airlines is approved by the European Union, resolving competition concerns and ensuring fair competition
Bond Yields Await U.S. Consumer Price Report
Bond yields remain stable as traders anticipate release of U.S. consumer price inflation report, which could shape financial markets in the coming weeks.
UK Stocks Rise
UK stocks had a positive start as the FTSE 100 Index closed slightly higher at 7,573.69. Top gainers include Burberry Group, Frasers Group, and Ocado Group. Setbacks were seen in Rolls-Royce Holdings, AstraZeneca, and GSK. Melrose Industrie...