Business Blog

Lyft shares soar more than 60% on earnings beat, guidance

Lyft reported better-than-expected earnings on Tuesday and issued uplifting guidance.

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Nvidia is now worth more than Amazon thanks to the AI chip boom

Nvidia surpassed Amazon in market capitalization on Tuesday.

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Stocks drop and Treasury yields jump as inflation data shakes rate bets

Consumer price rise of 3.1% in January outpaces market expectations{MBD} {IMAGE}

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Gazans flee Rafah ahead of expected Israeli ground invasion

Israel insists a military operation in the city that is home to 1.5mn displaced people is essential{MBD} {IMAGE}

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Instacart to lay off 250 employees, or about 7% of the company, as part of restructuring

Instacart on Tuesday announced it would lay off about 250 employees, or roughly 7% of the company, alongside reporting fourth-quarter earnings.

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DoubleLine's Jeff Gundlach warns that stocks are as 'overvalued' as early 2022

The prior bull market for stocks peaked about two years ago, with the S&P 500 hitting a record high on Jan. 3, 2022.

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