Lyft describes its international expansion strategy as “expanding ‘out’ in more locations and ‘up’ into more high-value segments.”
Source: Sherwood News.
Category: Business
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Netflix announces $25 billion share buyback boost
The stock gained on the news.
Source: Sherwood News.
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American Airlines cuts its full-year earnings forecast, reports better than expected Q1 revenue
American Air reported its first-quarter earnings before markets opened on Thursday, the last of the big four carriers to do so.
Source: Sherwood News.
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ServiceNow’s woes are dragging the entire software sector down
It’s software spooky season… and misery loves company.
Source: Sherwood News.
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Tesla’s big beat comes with a bigger bill ahead
The company’s positive free cash flow is largely due to the fact that it hasn’t ramped capex spending yet.
Source: Sherwood News.
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Southwest reports lower-than-expected Q1 earnings and revenue, declines to offer full-year profit update
Southwest reported its first-quarter earnings after the bell on Wednesday.
Source: Sherwood News.
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ServiceNow dives after reporting sequential decline in profit margins
Here’s what the SaaS giant — which has been badly battered by AI-related worries this year — said in its report.
Source: Sherwood News.
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IBM falls despite posting better-than-expected Q1 results
The latest quarterly results from Big Blue are out.
Source: Sherwood News.
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Tesla Q1 earnings and revenue beat Wall Street’s estimates
Tesla reported earnings after the bell Wednesday.
Source: Sherwood News.
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Stocks close at new record high as US extends ceasefire with Iran
The mood was risk-on as traders bought Big Tech, AI names, and speculative stocks.
Source: Sherwood News.
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ASML drops after TSMC delays adoption of its newest chip-making machines until 2029
ASML’s new cutting edge tech is “very, very expensive.”
Source: Sherwood News.
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Google: 75% of our new code is written by AI
Google CEO Sundar Pichai said all AI-generated code is “approved by engineers.”
Source: Sherwood News.