Uber Technologies Inc on Monday missed Wall Street estimates for monthly active users for its ride-hailing platform, even as it posted better-than-expected quarterly revenue, sending shares down 5% in extended trading.
U.S. government funding in artificial intelligence has fallen short and the country needs to invest in research, train an AI-ready workforce and apply the technology to national security missions, a government-commissioned panel led by Google’s former CEO said in an interim report on Monday.
Shake Shack reported earnings that beat expectations; however, revenue and same-store sales fell short of Wall Street estimates. …read more […]
Former Trump insider Anthony Scaramucci predicts Republican leadership will force President Trump to leave office. …read more […]
Caterpillar Inc has laid off 120 temporary workers at a plant in Texas following its decision to reduce production hit by U.S. President Donald Trump’s trade war with China.
‘I’m encouraging this because having employees who feel taken care of benefits Goldman Sachs and its stakeholders,’ CEO David Solomon tells Yahoo Finance exclusively. …read more […]
Caterpillar Inc said on Monday it has laid off 120 temporary workers at a plant in Texas following its decision to reduce production.
Shares of Under Armour are tanking Monday after the sportswear company confirmed reports from The Wall Street Journal that it is in the midst of a U.S. accounting probe. The investigation allegedly centers upon whether Under Armour shifted sales from quarter to quarter to improve its financial metrics. Yahoo Finance’s Jen Rogers and Myles Udland discuss on The Final Round. …read more […]
U.S. stocks rose on Monday, hitting record highs again on hopes of a U.S.-China trade deal and an improving domestic economy.
The dollar strengthened and global stock markets rallied on Monday on signs the United States and China are nearing the end of a damaging trade war as well as indications the world economy may yet dodge a recession.
Since its May IPO, Uber Technologies (UBER) has been, for want of a better description, a bit of a car crash. Its share price is down about 25% from its launch, as investors have yet to be convinced in the ridesharing pioneer’s ability to come good.Uber will report third-quarter results today, after the market closed, and unlike its rival, Lyft, which has now provided targets on profitability, investors have yet to gleam a proper insight into its bottom-line strategy.However, ahead of the earnings announcement, Wedbush’s Ygal Arounian issued a glowing assessment of Uber’s prospects. The analyst reiterated a Buy rating …read more […]
Oil prices rose on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month.
Yahoo Finance’s Adam Shapiro shares what’s making headlines Monday. …read more […]
California Governor Gavin Newsom said that the state will take over PG&E if the utility company is unable to secure its own fate in the wake of its bankruptcy crisis. Citigroup’s Utilities and Renewables Lead Analyst Praful Mehta joins Yahoo Finance’s Akiko Fujita to break down the latest developments of PG&E on The Ticker. …read more […]
(Bloomberg) — The federal judge overseeing bankrupt California utility PG&E Corp.’s probation wants to know how many lives may have been lost this year in fires potentially caused by the utility’s equipment.U.S. District Judge William Alsup in San Francisco asked PG&E to respond by Nov. 29. The utility has said it switched off local distribution lines in the area of the still-burning Kincade fire, about 85 miles (137 kilometers) north of the city. PG&E Chief Executive Officer Bill Johnson has said transmission lines weren’t taken down because wind speeds didn’t warrant such a move.Alsup also wants to know about structures …read more […]
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