Edition:
United Kingdom

Jasmine I S

Lyft's IPO banks give troubled stock a flurry of 'buy' ratings

23 Apr 2019

Lyft Inc received some badly needed support on Tuesday, as analysts at banks that had worked on its initial public offering urged clients to buy the ride-hailing company's beleaguered shares. Following the required 25-day wait for deal underwriters to issue an investment opinion following an IPO, at least 10 of the banks that brought Lyft public gave positive recommendations on a stock that has slumped 30 percent from its opening price on March 29, its first day of trading.

Apple loses $1 trillion status after soft holiday forecast

02 Nov 2018

Shares in Apple Inc fell 6 percent on Friday, cutting its market value back to less than $1 trillion after it forecast softer-than-expected sales for the holiday quarter and fueled nerves over iPhone sales by saying it would no longer release the figures. | Video

Tesla third-quarter profit quiets critics, shares surge

25 Oct 2018

Tesla Inc shares jumped on Thursday as Wall Street analysts said the company had turned a corner with profitable third quarter results and might not now need to raise outside capital. | Video

Tesla shares surge as investors embrace cash comments, Musk apology

02 Aug 2018

Shares of Tesla Inc jumped more than 12 percent on Thursday, after the company convinced investors that it was able to yield positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologised for past incendiary remarks.

Tesla shares jump after cash burn worries abate, Musk apologizes to Street

02 Aug 2018

Aug 2 Shares of Tesla Inc jumped 10 percent in premarket trade on Thursday, after the company convinced investors that it was able to produce positive cash flow and turn a profit, and Chief Executive Officer Elon Musk apologized for past incendiary remarks.

Netflix shares hit record as more subscribers sign up

17 Apr 2018

Shares of Netflix Inc hit a life-time high on Tuesday after the online video streaming service reported a rise in subscriber additions for the fourth straight quarter.

World News